Microeconomics

October 24, 2013 - 10:10pm

Bill Snead, president of Wichita-based AOPA Insurance (Booth No. C10424)–a wholly-owned subsidiary of the Aircraft Owners and Pilots Association–put it most succinctly when he presented the company’s new options to members at NBAA 2013. “FBOs are our primary targets with our new commercial insurance offering. Beyond that, we are ready to insure corporate flight departments to a very high limit of liability,” he told AIN. “We know we can offer competitive rates, and that’s exciting.”

October 22, 2013 - 2:15am
USAIG president and CEO Dave McKay

Insurance is a necessity that operators hope never to put to use, but with operating costs, especially for fuel, running so high, any opportunity to save money is always welcome. Insurance underwriter USAIG is helping lower costs with its new Performance Vector Plus program, which can save flight departments as much as 15 percent on insurance premiums.

October 31, 2012 - 2:00pm
Avfuel-branded FBO

Avfuel has bolstered its network of more than 600 branded FBOs with the addition of four new dealers: London City Airport Centre at London City Airport; Minot Aero Center in Minot, N.D.; Million Air Burbank in California; and CYHU H-18 in Montreal will now all offer the full range of Avfuel products, including contract fuel, the Avtrip rewards program and Avfuel’s Avplan flight support and trip planning services.

July 19, 2012 - 4:15pm

Hawker Beechcraft filed a request with the U.S. bankruptcy court requesting permission as part of the restructuring to grant bonuses to most of its “senior leadership team.” The incentive bonuses under the key employee incentive plan could total as much as 200 percent of each individual’s base salary; however, the filing makes clear that the bonuses are based on the achievement of certain incentive goals.

May 16, 2012 - 9:00am

UK-based ConnectJets this week at EBACE announced a loyalty program for jet-card customers who expect to fly a total of 25 hours or more in a year. Jet Card Europe starts at $6,006 per hour for very light jets, and ranges up to $7,458 for light jets and $9,900 for midsize jets. The card comes with several benefits, including guaranteed availability, no peak-day restrictions, no positioning costs, no monthly management fees, no extra fuel or airport surcharges and discounts on same-day return trips.

January 17, 2012 - 3:15pm

Signature Flight Support launched a new customer loyalty program and a fuel card this week at the NBAA Schedulers and Dispatchers Conference in San Diego. The Signature TailWins loyalty program rewards customers with points for fuel and handling purchases within the Signature network. Points can be used for products, services and experiences, or they can be donated to charity. Those using Signature’s new aviation card, which is underwritten by U.S. Bank and Multi Service Aviation, earn double points.

August 28, 2011 - 10:15am

For the first six months of the year, the nation’s largest helicopter EMS provider reported revenues of $282.1 million, up 9 percent from the same period a year ago. Net income for the period increased by 25 percent, to $16.1 million. Net revenue per community-based transport increased to $9,008, a 10-percent increase from the prior year quarter. However, hospital-based revenue dipped by 1 percent.

August 27, 2011 - 9:20am

PHI said its revenues from the oil and gas segment for the quarter ending June 30 fell to $90.2 million from $94.7 million during the same period a year ago. The company blamed the decline on reduced medium helicopter revenue as a result of a decline in deepwater drilling and rig support in the wake of increased regulation and delay in the wake of last year’s Deepwater Horizon disaster in the Gulf of Mexico.

May 28, 2011 - 3:15pm

Offshore helicopter services company Bristow announced increased earnings and revenues for its fiscal year ended March 31 of $121.3 million and $1.233 billion, respectively. The company reported that revenue increased across all primary business units

 “Fiscal 2011 turned out to be a strong year, distinguished by record revenue, operating income and net income,” said CEO Bill Chiles.

February 19, 2011 - 1:24am

Eclipse 500 air-taxi firm Linear Air on Friday announced new benefits for frequent-flier customers from Boston Hanscom Field and Westchester County Airport in White Plains, N.Y. The Concord, Mass.-based charter operator’s new “platinum service” program will be offered at no charge to customers who fly more than five trips from these airports.

 
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