NBAA’s No Plane-No Gain information campaign was created several years ago to combat the image of business aircraft portrayed in mainstream media as the private conveyances for top-level company executives heading to a teetime.
Hawker Beechcraft yesterday secured more time to solve its debt problems through a restructuring plan, with lenders granting a 90-day forbearance agreement. The move staves off the immediate threat of a filing for Chapter 11 bankruptcy protection–a move that has been widely expected by industry analysts.
The manufacturer, which is owned by Onex and GS Partners (a division of investment banking giant Goldman Sachs), announced it had “reached an agreement with certain lenders that will provide the company with approximately $120 million of additional liquidity.”
Hewlett-Packard signed up for the Gray Stone Advisors aviation performance dashboard two years ago, according to Rich Walsh, HP’s director of global resiliency and aviation. Walsh is a Gulfstream V captain and flies 150 to 200 hours a year. “I’m a liaison with corporate and I have accountability for the spending in this department, the variances and process improvements,” he said.
Nordam has named Jeff Chalupa general manager of domestic operations for its transparency division. In his new role Chalupa will oversee engineering, production, operations, supply chain and purchasing, maintenance, quality and customer program management. His emphasis will be on leading growth, development and technology enhancement. Chalupa joined Nordam in 2007 in a management capacity and has held positions of increasing leadership since that time.
AAR has expanded its distribution network for original Unison aerospace components to better serve aircraft operators and repair facilities in Europe. AAR, an exclusive supplier of aerospace parts for the Unison distribution channel, is adding inventory at its European Distribution Center located near Amsterdam Schiphol Airport. The new inventory includes turbine ignition systems, engine-dedicated alternators, sensors, switches and wiring harnesses.
Addison, Texas-based King Aerospace Commercial Corporation (KACC), has developed a broader business strategy after taking a close look at today’s market and changes to the industry in recent years.
Completion and refurbishment specialist Pats Aircraft Systems, has executed the final steps in a restructuring agreement with its lenders that formally establishes the Georgetown, Del.-based center as “a fully capitalized, stand-alone company with a significantly reduced debt structure.”
The Rockford Area Aerospace Network (RAAN), a committee of the Rockford (Ill.) area economic development council (RAEDC), is here at the NBAA show highlighting its “white-glove service” to the aerospace industry.
The FAA is proposing a $194,249 civil penalty against ERA for alleged violations of its drug-and-alcohol testing regulations related to pre-employment screening and random testing of existing employees during 2009 and 2010. The OGP helicopter service company has since brought its hiring and drug testing programs into compliance.
CitationAir became the third of the four major jet fractional providers to have a unionized pilot workforce last month, with 52 percent of the more than 350 CitationAir pilots voting in favor of representation. Pilot voting turnout was “high,” International Brotherhood of Teamsters (IBT) 1108 president Mat Slinghof told AIN, and only a simple majority (50 percent plus one vote) was needed for the union to be voted in.