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UBS: Used Bizjet Inventory Falls after 18-month Rise
July 02, 2009
The pre-owned business jet market appears to have bottomed out last month, according to UBS Investment Research’s latest business jet update, released this morning. “Available business jet inventories stepped down 2 percent in June after sequential increases in each of the prior 18 months,” UBS aerospace and aviation analyst David Strauss noted in the...
more...NetJets Averts Pilot Layoffs and Furloughs
July 02, 2009
A voluntary furlough-mitigation program collaboratively formed in April by NetJets and its pilot union, the NetJets Association of Shared Aircraft Pilots (NJASAP), has averted layoffs and furloughs. “Through innovative and purely voluntary measures, NetJets has been able to align our pilot and other areas of our workforce to match our current owner demand...
more...FAA Issues New Advisory on In-cabin Lithium Fires
July 02, 2009
The FAA yesterday issued a Safety Alert for Operators (SAFO) regarding procedures for fighting fires caused by lithium batteries in portable electronic devices. Both the disposable and the rechargeable type batteries are capable of ignition and subsequent explosion, which can cause the release of either molten burning lithium or a flammable electrolyte....
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