Helicopter manufacturer Eurocopter stayed in the black last year, with €263 million ($360 million) in pre-tax earnings, according to financial results released last week by parent company EADS, although its operating margin slid from 6.5 percent in 2008 to 5.8 percent last year.
AINalerts » March 16, 2010
The Nor’Easter that tore through the Northeast over the weekend caused flooding damage and power outages throughout the region and spurred New Jersey to declare a state of emergency. At Teterboro (N.J.) Airport, wind gusts of nearly 60 miles per hour were reported, knocking out power to the control tower and remote antenna transmitters around 6 p.m. Saturday, resulting in an immediate switch to back-up batteries.
The NTSB denied an FAA appeal of a judicial decision requiring the agency to pay Punta Gorda, Fla.-based aeromedical operator Air Trek $120,169.35 in attorney fees and expenses related to the FAA’s emergency revocation of Air Trek’s Part 135 certificate in June 2008.
Online charter booking portals Avinode and CharterX have agreed to merge, with Avinode buying out the CharterX shares for an undisclosed sum. The deal–announced on Friday–should be closed within three weeks, at which point the two companies’ technical teams will start integrating the rival systems.
UK-based charter broker Air Partner today announced that it has shut down its aircraft operating division–Private Jet Operating Company (PJOC)–in a bid to stem mounting losses. PJOC has been put into administration, which is similar to U.S. Chapter 11 bankruptcy laws, after the company failed in attempts to establish a joint-venture partner for the business or to find a buyer.
Canadian Transport Minister John Baird today announced that Transport Canada is taking back the certification and oversight functions for business aviation from the Canadian Business Aviation Association (CBAA), effective April 1 next year. In 2005, Transport Canada transferred administration and management responsibilities under CAR 604–the regulation specifically for business aviation–from the agency to CBAA.