AINalerts » March 10, 2009

March 10, 2009 - 12:09pm

Two of the six people arrested and charged in connection with the 2005 Platinum Jet Management Challenger 600 crash at Teterboro (N.J.) Airport entered not-guilty pleas last Wednesday in U.S. District Court in New Jersey. Joseph Singh, director of charters, and Brien McKenzie, director of maintenance, were arraigned in U.S. District Court in Newark.

March 10, 2009 - 11:59am

The House Transportation and Infrastructure Committee late last week approved H.R.915 to reauthorize the FAA through 2012. It is similar to the one that died in the Senate after being passed by the House last year.

March 10, 2009 - 11:52am

NBAA president and CEO Ed Bolen last week commended Sen. Sam Brownback (R-Kan.) for outlining the value of business aviation in remarks he made on the Senate floor. “Some federal officials have recently been making the use of business aviation a matter of derision,” the senator told his colleagues.

March 10, 2009 - 11:40am

UT Finance has asked the bankruptcy court overseeing the liquidation of the assets of Eclipse Aviation to allow it to take possession of the 28 Eclipse 500 very light jets that were operated by bankrupt air-taxi operator DayJet. UT Finance–a division of United Technologies and sister company of engine manufacturer Pratt & Whitney Canada–along with Eclipse and Bank of Utah loaned money to DayJet Leasing to buy the 28 jets.

March 10, 2009 - 11:31am

When Berkshire Hathaway CEO Warren Buffett bought a Bombardier Challenger 600 twenty years ago, he named the large-cabin business jet The Indefensible because of his past criticisms of such purchases by other CEOs. However, after the investment guru used the jet, he realized its value as a business tool and later renamed it The Indispensable.

 

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