AINalerts » March 4, 2008

March 4, 2008 - 11:19am

Virgin Charter today officially opened its online marketplace, which it bills as “the first-ever end-to-end solution for private air travel.” According to the company, the online service makes it easy to find and book charter flights on private aircraft from operators chosen for their “exceptional safety and quality standards.” The launch marks the conclusion of a six-month beta period during which a group of corporate and individual buyers us

March 4, 2008 - 11:18am

The completion on Monday of Encore FBO’s $436 million purchase of the Landmark Aviation FBO and charter business from Dubai Aerospace Enterprise caps a series of acquisitions that have seen FBO chains grow to new heights. Encore is rebranding its eight FBOs and its now 41-facility chain as Landmark Aviation, which also includes aircraft sales, charter, parts and maintenance businesses, as well as Encore’s military fuel-supply operation.

March 4, 2008 - 11:14am

Flight Display Systems and The Maintenance Group last week won an FAA STC for Ellipse TV, their new low-cost ($99,650 uninstalled) airborne satellite TV system.

March 4, 2008 - 11:11am

In his annual letter to Berkshire Hathaway shareholders released Friday, investment mogul Warren Buffett said the company’s flight-services division–which includes fractional provider NetJets and aviation training company FlightSafety International–set a record last year with pre-tax earnings increasing 49 percent to $547 million.

March 4, 2008 - 11:08am

Since suspending the development of the Javelin very light jet program in late December, the board of directors at Aviation Technology Group has continued “to engage in negotiations with its strategic partner and various financial institutions,” the company said in a statement released late this afternoon.

March 4, 2008 - 11:05am

Farnborough, UK-based business aircraft operations company Gama Holdings purchased PrivatAir Inc., the U.S. division of PrivatAir Group, on Friday for an undisclosed sum. Gama also bought 25 percent of charter operator Flight Services Group (FSG), which provides charter services to the former U.S. PrivatAir management clients. Gama Holdings has renamed the U.S. company Gama Aviation and said its headquarters will remain in Stratford, Conn.


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