The Stephens Group, parent company of Little Rock-based investment banker Stephens, Inc., is considering getting into the aviation business and Omni Air of Little Rock might be the opening move. Stephens plans to purchase the assets of the Little Rock National Airport-based FBO and disclosed amount and expects to expand the Omni operation to create a “first class” facility.
Airports, Heliports and FBOs » FBOs
New developments at FBOs including regulations and noise issues; legal disputes; openings, acquisitions and mergers.
Last summer Jet Aviation moved its international headquarters from West Palm Beach, Fla., back to its original Basel, Switzerland base and relocated its marketing division to Teterboro Airport, N.J.
Cleveland-based Corporate Wings/Mercury Air Centers this week named Richard Michaels as its vice president of marketing. Michaels, a 25-year business aircraft sales veteran, was tapped by company CEO Kenn Ricci to head marketing and sales functions for all affiliated companies.
Zurich-based worldwide aviation service company Jet Aviation is being acquired by Permira, a European-headquartered private-equity group. With a formal closing expected in late September, the sale will end uncertainty over the fate of the Hirschmann-family-controlled enterprise, which had been informally in play since the family put it on the market in early 2002.
On May 9, procedures and an application process will be in effect for reimbursing FBOs and other providers of general aviation ground-support services at five airports in the Washington, D.C. area “for the direct and incremental financial losses they incurred while the airports were closed” after 9/11.
Lou Pepper, president of Atlantic Aviation, today told AIN he was “saddened and disheartened” by the lack of news about how the Atlantic FBO at New Orleans Lakefront Airport weathered Hurricane Katrina. “You’d think this was 1955 rather than 2005,” he said.
Since the Environmental Protection Agency (EPA) revised spill prevention, control and countermeasures (SPCC) regulations in 2002, regional inspectors have been taking a closer look at containment for refueling trucks.
In a letter to all 535 members of Congress, National Air Transportation Association (NATA) president James Coyne highlighted what he calls “costly and ill-conceived provisions” within the Environmental Protection Agency’s (EPA) spill prevention, control and countermeasures (SPCC) rule and the agency’s “failure to issue promised clarifications to the rule” that were expected by the end of August.
Old favorites and new names earned high ratings in this year’s AIN FBO Survey Top 40 list. The many facilities that had tie scores this year might indicate that FBOs continue to improve in the four ratings categories: line service, passenger amenities, pilot amenities and facilities. Wilson Air Center’s Memphis, Tenn. base, once again, tops the list, followed by AirFlite, Long Beach, Calif., up from number three last year.
BBA Aviation, the parent company of Signature Flight Support, released its annual report for last year and the results show that Signature's revenue climbed by 14.1 percent. The FBO network augmented its portfolio over the last year, adding bases in California, Florida and at Paris Le Bourget, for a total of 81 locations worldwide.