In the 12 months since the last NBAA convention, most indicators show that business aviation flight hours dropped as aircraft operators and flight departments were squeezed between a shaky economy and unstable fuel prices. Those two factors resulted in reduced demand for jet fuel.
Two pilots and five passengers aboard an Aerogulf Bell 212 died September 3 when their helicopter crashed onto the oil drilling platform Resilient off the coast of Dubai. The crash, which occurred on takeoff from the rig, triggered a post-impact fire and caused the helicopter to break up and fall into the sea, according to Petrofac, the operator of Dubai’s offshore oil fields, and the United Arab Emirates’ General Civil Aviation Authority.
If dealing with the price of fuel consumes more of your time than any other facet of running your department, Everest Aviation Resources has a solution. “We’re a fuel management company,” Noel Donald, president and CEO of the Baytown, Texas company, told AIN.
If dealing with the price of fuel consumes more of your time than any other facet of running your flight department, Everest Aviation Resources has a solution. “We’re a fuel management company,” Noel Donald, president and CEO of the Baytown, Texas company, told NBAA Convention News.
Oil prices have slid back since reaching a peak of $145 a barrel in July, resulting in jet-A prices finally falling by a significant amount. Although they remain sharply higher compared to this time last year, retail jet-A prices at U.S. FBOs have dropped in many cases below $6 per gallon. And while some FBOs at major U.S.
As oil soared to nearly $147 a barrel this summer, U.S. airlines began tacking fuel surcharges onto the prices of their tickets. The commercial carriers also began charging for previously free items, such as a second (and in some cases, a first) checked bag, blankets and drinks.
Air BP and ConocoPhillips took to the pulpit at EAA AirVenture to announce new oil and lubrication products, primarily for piston aircraft.
“The fundamentals don’t support the price of oil,” Hiller Group national sales manager Wesley Earl told attendees of the Florida Aviation Trade Association annual meeting on Tuesday. Tampa, Fla.-based Hiller Group is a fuel distributor that provides Chevron and Texaco branded fuel to more than 350 FBOs. Factors inflating fuel prices include the dwindling number of refineries (especially for jet-A), geopolitical issues, lack of a U.S.
Taking the pulse of the offshore oil industry is like grabbing a handful of the viscous mud drillers use for lubrication in the drilling process. What seems like a hard-and-fast situation one minute can dribble through one’s fingers the next. Agility is the secret to success.
Avfuel Corp., a leading independent supplier of aviation fuels and services, has entered into an agreement with Texaco to purchase its general aviation business in California, Alaska, Washington, Idaho, Nevada, Oregon, Utah, Arizona, Louisiana, Mississippi, Alabama, Georgia, Florida and Tennessee. The divestiture is one of the Federal Trade Commission requirements that will allow for the merger of Chevron and Texaco.