The IRS has issued temporary guidelines on the bonus depreciation option.
Bombardier has reached an agreement with the Tucson Airport Authority that will allow start-up interiors shop DunnAir Business Jet Completion Center to sublease its old completion center at Tucson International Airport. The facilities will total about 32 acres and include a 235,000-sq-ft hangar.
As new and used business aircraft sales continue a steady climb, the completion and refurbishment industry follows suit.
Pats, the DeCrane completions center in Georgetown, Del., recently announced it will be expanding its operation, adding as many as 40 new jobs through this year and increasing the workforce to about 200.
In the first 11 months of last year, the four largest fractional aircraft operators hired just 186 pilots, compared with 997 in the same time frame in 2002, according to figures compiled by AIR Inc., an Atlanta-based aviation-career consulting firm. November was one of the more active months, however, with 25 pilots reportedly being hired by one operator, Flight Options, AIR numbers show.
Bombardier announced plans to cut this year’s CRJ200 production by another 20 percent just days after Standard & Poor’s lowered the company’s credit rating to junk status and issued a “negative” outlook for Bombardier’s regional jet prospects.
Although the FAA needs to hire 11,800 new controllers through Fiscal Year 2015 to replace retirees and other vacancies, the National Air Traffic Controllers Association noted the agency’s latest FAA Administrator’s Fact Book reports that the overall total number of controllers dropped from 14,227 at the end of FY2005 to 14,206 in FY2006.
The five major fractional operators fell short of AIR’s projected pilot hiring levels last year, according to statistics prepared by the Atlanta-based aviation employment consultant. The major players–Avantair, CitationShares, Flexjet, Flight Options and NetJets–hired 674 new pilots, more than 300 shy of AIR’s January 2006 estimate that 1,000 pilots would be required.
NetJets Europe pilots have yet to form their planned trade union and now there are signs that the movement to do so might be losing momentum as flight crews consider the revised pay and conditions offer the fractional ownership group made in early December.
The union representing air traffic controllers rejected the FAA’s request yesterday for federal mediation to help the agency reach a labor agreement with controllers, labeling it a “publicity stunt.” A 1998 contract expired on September 30, and the FAA suggests that little progress has been made since it and the National Air Traffic Controllers Association began negotiating on July 13.
CitationShares v-p of flight operations and chief pilot J.D. Witzig on Tuesday confirmed that the fractional provider will raise its pilot wages as of January 1. These higher wages will raise the bar above what the NetJets pilots negotiated in the contract they ratified last month, meaning that CitationShares pilots will become the best-paid in the fractional industry.