Last week, a federal judge ruled that Epic Aircraft parent Aircraft Investor Resources (AIR) must provide Farnborough Aircraft Corp. Ltd. (FACL) “with immediate access to the F1 prototype at the heart” of a lawsuit filed in November (see AINonline). Under the judgment, AIR was required to transport the prototype F1 to its Bend, Ore. plant, after which it will have until early March to mate a set of wings to FACL’s turboprop single.
AINalerts » February 7, 2006
A wrongful-death suit was filed yesterday by the family of the flight attendant killed in the Nov. 22, 2004, crash of a Gulfstream III on a positioning leg to pick up former president George H.W. Bush. Named as defendants are, among others, Dallas charter operator Business Jet Services and the estates of the two deceased pilots.
The Citation 560 (N86CE) crash in Carlsbad, Calif., on January 24 apparently followed an “attempted aborted landing” on Runway 24 at McClellan-Palomar Airport, according to the NTSB’s preliminary report. The two pilots and two passengers were killed. Approaching at a much higher than normal speed, the Citation touched down more than 1,500 feet down the 4,900-foot-long runway. The thrust reversers were deployed, then stowed.
More detailed reporting of top executive compensation, including such perks as personal use of corporate aircraft, is the aim of proposed rulemaking from the Securities and Exchange Commission (SEC). The Wall Street Journal calls the proposals the “most sweeping overhaul of pay disclosure rules in 14 years.” One of the proposals would lower the threshold at which perks must be disclosed.
The NTSB in its final report released this morning said the crew of a Hendrick Motorsports King Air 200 lost situational awareness and overflew Martinsville/Blue Ridge Airport, Va., before crashing on Oct. 24, 2004. IMC prevailed and the turboprop twin had been cleared for the Localizer Runway 30 approach.