India’s National Aerospace Laboratories (NAL) still plans to go ahead with the project to develop the country’s first indigenous airplane despite the March 6 crash of its number-two Saras prototype. “The Saras project will continue; we will not shelve it,” SK Brahmachari, director general of the Council of Scientific and Industrial Research (CSIR), told the press yesterday.
AINalerts » March 12, 2009
The pre-owned business aircraft market has yet to hit bottom, industry experts said at a recent forum held by the National Aircraft Resale Association in Dallas. Nearly 200 members of NARA, the National Aircraft Finance Association (NAFA) and others in the aircraft industry, including representatives from most of the major OEMs, attended the event.
FBO Avitat Westchester is about to lose the lease on one of the largest hangars–E-1–at Westchester County Airport in White Plains, N.Y.
The Government Accountability Office (GAO) warned this week that the excise taxes that feed the Airport and Airway Trust Fund have been lower than previously forecast, while estimates of future revenues have declined because of a drop in passenger traffic, fares and fuel consumption. Moreover, the uncommitted balance in the trust fund has been decreasing since Fiscal Year 2001.
JetDirect Aviation has now placed two of its subsidiary companies into bankruptcy. The first was Regal Jets of Dallas, placed into Chapter 11 bankruptcy on February 25. On Friday, JetDirect placed Novato, Calif. charter operator Sunset Aviation Inc. into Chapter 7 liquidation. JetDirect Aviation had furloughed all Sunset Aviation Inc.