UK-based aircraft charter and management company Hangar8 has acquired Farnborough-based aircraft management company International JetClub (IJC) for about $1.8 million in cash. The acquisition takes the company’s number of aircraft under management from 40 to 50, of which four are helicopters and 22 are large-cabin, long-range jets. Hangar8 also announced its year-end results yesterday, showing a 32-percent increase in gross profits to $7.5 million.
Charter and Fractional » Charter
News and issues concerning the aviation charter industry and markets, including company announcements, regulations, new developments and labor issues.
FAA officials met with representatives from NBAA, NATA, Part 135 charter operators and Part 142 training providers last week in an attempt to resolve the issue that is forcing charter operators to stop pilot training and checking at Part 142 schools.
VistaJet announced a deal today worth up to $7.8 billion for 56 Bombardier Globals, with options for up to another 86. Deliveries of this latest batch of Bombardier jets under firm order are due to begin in January 2014 and run through the end of 2017.
Charter operators might see pilots and fleets grounded because of a change made last year to the FAA Inspector’s Handbook. The handbook clarifies FAR 135.337 by stating: “Before an air carrier authorizes a contract instructor or nominates an individual to become a contract check airman, the air carrier must provide its POI [principal operations inspector] with evidence that these individuals have completed at least one air carrier’s initial training and qualification curriculum as a flight crewmember for an operator certificated under the same CFR part.”
China’s Nanshan Jet placed an order for a Gulfstream G650 today at Airshow China 2012 in Zhuhai. The charter operator, with bases in Beijing, Shanghai and Shenzhen, is a subsidiary of the Nanshan Group. It is expected to take delivery of the new very-high-speed, ultra-long-range jet in late 2014 or early 2015 and is third G450 next year.
Hongkong Jet announced today at Airshow China 2012 that it is adding a fourth Airbus Corporate Jet ACJ to its managed aircraft fleet. According to the company, this makes Hongkong Jet one of the largest operators of Airbus ACJs in the region. The company has added 12 aircraft within the last 12 months.
Sion, Switzerland-based operator Air-Glaciers is updating its fleet of light singles and twins in anticipation of eventually phasing out its Aerospatiale SA316 Alouette IIIs.
NetJets’ aircraft charter and management arm, Executive Jet Management, launched a new program that provides flight departments and aircraft owners with a suite of services that offer cost savings on fuel and crew training and VIP access to FBOs. Dubbed Support Services, the program also offers benefits that include preferred rates for crew recruiting, crew training classes, aircraft brokerage, aircraft quality evaluations and maintenance at EJM’s repair station at Cincinnati Municipal Airport-Lunken Field.
AIN asked NetJets Europe to comment on the market conditions that have led it to seek further cuts among its pilot workforce. The company responded with the following written answers:
Demand for private aviation is clearly proving slow to recover. What is your current projection for demand levels going into 2013 and 2014?
The Air Charter Association of North America hosted an open forum yesterday at the NBAA Convention on the U.S. DOT’s impending notice of proposed rulemaking (NPRM) aimed at air charter brokers. The DOT has been developing the regulations to ensure transparency for air charter customers, but has delayed release of the NPRM. At the Acana forum, a panel of air charter experts provided an overview of what is and isn’t known about the rules that will be proposed.