Seven FBOs have left the Million Air franchise system and switched to a new brand name, Odyssey Aviation, having joined in a marketing partnership with the Odyssey Aviation Bahamas FBO at Lynden Pindling International Airport in Nassau. Odyssey Bahamas also used to be a Million Air franchisee.
AINalerts » December 11, 2008
A recent J.P. Morgan report reassessed the effect of the acquisition of Jet Aviation by General Dynamics “in light of the tough business jet environment.” For 2009 and 2010, the report said, “We are now looking for sales [at Jet Aviation] of $1.4 billion in 2009, a bit below GD’s guidance for $1.5 billion, which had been our prior estimate.
Sparta, N.J.-based business aviation consultancy Brian Foley Associates today said it believes the recovery of the business jet market will be sooner than previous estimates, despite “being nowhere near the bottom” of the current market cycle. “It’s hard to think recovery in this environment, but there’s reason to believe that we may come out of this a little sooner than widely expected,” noted company president Brian Foley.
On Monday, Brazilian Federal Court judge Murilo Mendes cleared U.S. pilots Joe Lepore and Jan Paladino of negligence charges related to the September 2006 midair between a Gol Boeing 737-800 and the Embraer Legacy 600 the pair were ferrying on its delivery flight to their employer, ExcelAire of Long Island.
The NTSB, which participated in the investigation into the September 2006 midair between a Gol Airlines Boeing 737-800 and an ExcelAire-owned Embraer Legacy 600, authored an appendix to the final accident report issued yesterday by Cenipa, Brazil’s safety agency. All 154 aboard the 737 were killed in the accident, while the damaged Legacy successfully made an emergency landing.