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DAE finds buyer for Landmark FBO chain
January 01, 2008
Encore FBO and private-equity firm GTCR Golder Rauner on November 22 entered a joint definitive agreement to acquire Landmark Aviation’s FBOs from Dubai Aerospace Enterprise Aviation Holdings. The $436 million transaction is “subject to adjustment as provided in the purchase agreement,” according to a disclosure filed publicly by Dubai Aerospace Enterprise...
more...NetJets pilots set another high salary standard
January 01, 2008
Early last month the NetJets pilots overwhelmingly supported a major amendment and five-year extension to their collective-bargaining agreement between NetJets Aviation (NJA) and Teamsters Local 1108, the union representing the fractional provider’s pilot group. While the fractional pilots’ contract was not up for renewal, the two sides came together to...
more...Environment takes center stage
January 01, 2008
One of the primary roles of the newly formed National Air Transportation Association (NATA) Environmental Committee will be to “police” the growing number of carbon offset vendors and create a list of legitimate vendors for NATA members, according to association president James Coyne. The committee, led by DayJet vice president of strategic operations...
more...NATA requests review of ETOPS proposal
January 01, 2008
The National Air Transportation Association (NATA) has asked the FAA to delay for at least six months the February 2008 compliance deadline for proposed new Part 135 extended-range operations and establish a working group to develop guidance on a proposed Advisory Circular.
NATA said that after it reviewed proposed AC 135-42, Extended Operations...
AVIC I unveils new regional jet
December 21, 2007
Chinese aerospace conglomerate AVIC I unveiled the new ARJ21-700 regional jet during a rollout ceremony in Shanghai today for a select group of official guests and government-approved media. Officials used the occasion to reveal a new Chinese name for the 90-seat airplane–Xiang Feng, or Flying Phoenix–and announce a 100-unit commitment from Kunpeng...
more...Another Global 5000 Lands Just Short of Runway
December 20, 2007
A Bombardier Global 5000 landed short of a runway in the Caribbean islands on December 12 and sustained damage after hitting an airport perimeter fence. Eastern Caribbean Civil Aviation Authority (ECCAA) flight ops inspector Paul Delisle told AIN that the accident occurred at Vance W. Armory Airport on the island of Nevis and said there were no injuries to...
more...Dassault Lags Behind on Falcon 7X Completions
December 20, 2007
Even with a dedicated hangar at its Little Rock, Ark. completions facility, French aircraft manufacturer Dassault is not meeting scheduled delivery dates of its new 5,950-nm Falcon 7X trijet. “The ramp-up has been a little slower than expected,” Dassault Falcon president John Rosanvallon told AIN, because of higher-than-planned cabin customization...
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