A two-year-old, previously undisclosed partnership between Epic Aircraft parent Aircraft Investor Resources (AIR) and Farnborough Aircraft Corp. Ltd. (FACL) has ended in legal action. The companies had been cooperating in the joint development of their respective Epic LT and Kestrel JP100 (formerly Farnborough F1) turboprop-single designs.
AINalerts » January 31, 2006
Several executive changes at Flight Options have followed in the wake of Raytheon’s recent full acquisition of the Cleveland-based fractional provider. Chief marketing officer Cameron Gowan is out and company leader S. Michael Scheeringa is solidly in. Last Thursday, Scheeringa was named permanent CEO, after serving as the acting CEO since November 2004. Gowan has left, with his duties going to Jim Dauterman, the v-p of sales and marketing.
Swiss-based Jet Aviation Group announced today that it reached an agreement to acquire St. Louis business jet maintenance and modification company Midcoast Aviation from Sabreliner. The deal is subject to the customary approvals and is expected to be closed in the spring. Sabreliner purchased Midcoast in 1994. When Jet Aviation was acquired by Permira Funds last October, the new owners committed to expanding the company.
Starting Thursday, owners and operators of aircraft with “questionable” registrations might be denied access to the ATC system, as well as trigger a violation notice to the owner. On June 23, 2003, the FAA published a notice stating that its aircraft registration system would be augmented to reflect the “observed status of an aircraft’s certificate of registration” and that registrations have to be updated at least every three years.
The FAA has scheduled a public meeting on March 22 and 23 in Kansas City, Mo., to address continued airworthiness of the U.S. general aviation fleet of recip and turbine airplanes. The meeting comes nearly six years after the first such gathering in 2000. No rulemaking followed that first meeting, but since then “there have been GA fatal accidents caused by the effects of airplane aging,” the agency said.