AINalerts » January 22, 2009

January 22, 2009 - 10:30am

The FAA Safety Team yesterday issued a notice to remind aircraft operators that satellite monitoring of 121.5-MHz emergency locator transmitters (ELTs) will end as of February 1.

January 22, 2009 - 10:27am

Vero Beach, Fla.-based Piper Aircraft confirmed that it laid off 150 employees, company CEO Jim Bass told Indian River County commissioners at a general meeting yesterday. Further, Bass said Piper could cut more personnel “if it gets worse,” adding that the manufacturer could reduce its production output by up to 40 percent this year due to the slowdown in sales of general aviation aircraft.

January 22, 2009 - 10:25am

Judge Mary Walrath of the U.S. Bankruptcy Court for the District of Delaware on Tuesday approved the sale of bankrupt VLJ manufacturer Eclipse Aviation’s assets to EclipseJet Aviation International, an affiliate of Etirc Aviation. No other bidders surfaced. The court approved the sale of Eclipse’s assets for $28 million in cash, $160 million in promissory notes and equity.

January 22, 2009 - 10:23am

Large-cabin business jet flight activity in December took the biggest hit–26 percent–compared with activity over the same period in 2007, according to the ARG/US year-end business aircraft activity report. The results are somewhat at odds with other market reports, such as the UBS business jet update, which identify the light jet segment as the one that has logged the largest decline.

January 22, 2009 - 10:19am

Retired Illinois Rep. Ray LaHood breezed through a Senate hearing yesterday afternoon on his nomination to be Secretary of Transportation in the Obama Administration. As one of two Republicans in Obama’s Cabinet, he told the senators that while his primary mission is to bring the President’s priorities to the DOT and see them effectively implemented, he promised to be open and fair.

 

AIN Alerts

AINalerts is AIN’s business aviation e-newsletter. It is distributed twice a week on Tuesdays and Thursdays and is FREE to all subscribers. Simply fill out the subscription form, which is accessed by clicking button below. You can also use this button to update your current account information.

Subscribe to AINalerts

X