When a Fortune 500 company’s fortunes crash and burn, corporate jets usually go up for sale and pilots end up looking for work. Such is the case with Tyco International, which has had its share of negative headlines over the past month.
The combination of fractional providers Flight Options and Raytheon Travel Air (RTA) into Cleveland-based Flight Options LLC is expected by the end of this month, according to Flight Options CEO and founder Kenn Ricci. Government antitrust approval was granted in the middle of last month, clearing the merger’s last big hurdle.
Speaking yesterday at the fractional provider’s Port Columbus (Ohio) Airport operations center, NetJets CEO Richard Santulli ended months of speculation by announcing that the company will be staying put in the Buckeye State. Despite fierce competition from cities such as Raleigh, N.C.; Orlando, Fla.; and Fort Worth, Texas, in the end NetJets decided to expand its existing facility in Columbus rather than relocate.
Rifton Aviation at Stewart International Airport (SWF) in Newburgh, N.Y., has confounded observers since it took over the former W.R. Grace hangar several years ago. Operated by the Anabaptist Bruderhof religious community, the FBO expanded quickly, riding the tide of economic prosperity late in the last decade. The county planned an expansive industrial park nearby, meant to go hand in glove with development and marketing of the airport.
The airport board and some users at Lunken Airport in Cincinnati, Ohio, are at odds over a higher aircraft weight limit proposed late last year. A city council airport advisory board voted seven-to-one to raise the weight limit from 70,000 pounds mtow to 100,000 pounds and to keep the limit in place for 10 years. City-owned Lunken currently has some 130,000 operations per year and no scheduled airline service.
According to the Orlando Sentinel, state and local officials are drafting an incentive package to lure fractional provider NetJets to Orlando, Fla. E-mails obtained by the newspaper indicate that a delegation of Orlando leaders planned to visit NetJets’ Columbus, Ohio facility last month.
According to the Orlando Sentinel, state and local officials are drafting an incentive package to lure fractional provider NetJets to Orlando, Fla. “As NetJets’ business continues to grow and as we expand and add more employees and more aircraft, we also must add new infrastructure to maintain the highest standards of service and safety,” a NetJets spokeswoman told AIN.
The FAA is reviewing a proposed Part 150 noise compatibility program for Toledo Express Airport, Ohio. A public comment period ends March 24. No later than July 22, the FAA is scheduled to approve or disapprove the proposed program. Noise-footprint maps have already been approved. For more information, contact the FAA’s Katherine Jones at (734) 487-7298.
According to research from AvData, Amstat and ARG/US, Cleveland, Ohio-based Flight Options had a share-owner increase of 20.5 percent (from 541 owners to 652 owners) between December 31 last year through June 30 this year, the largest percentage increase of four major fractional aircraft ownership providers (including NetJets, Flexjet and Travel Air). As of last June, Flight Options had a 16-percent share of the owner market.
Castle Aviation, a Northeast Ohio charter and air cargo operator, began operations as an FBO at Akron-Canton (Ohio) Regional Airport (CAK) in June. A new terminal building is under construction, scheduled for completion in December.