Berkshire Hathaway chairman Warren Buffett, in his latest annual letter to shareholders issued Saturday, said the company’s flight services division–FlightSafety and NetJets–reported $120 million in pre-tax earnings versus $191 million in 2004. According to Buffett, “Earnings improved at FlightSafety as corporate aviation continued its rebound…[but] operating results at NetJets were a different story.
AINalerts » March 7, 2006
Several leadership changes, including two U.S. appointments, have recently been made at the International Civil Aviation Organization (ICAO), the Montreal-based group that provides recommendations and standards intended to be followed by its 189 member countries. Assad Kotaite, who will retire on July 31 after nearly 30 years as ICAO Council president, will be replaced by Kobeh González, who has served as ICAO representative of Mexico.
The two companies that run ATC in Britain and Spain have launched a joint-venture company to develop a new air traffic management system for both countries. The new company, Sacta, will be owned jointly by the UK’s National Air Traffic Services (NATS) and Spanish counterpart Aena. Sacta ATC areas will be phased in starting with Canary Islands Center in 2007.
Gulfstream Aerospace, which experienced a 12-percent increase in aircraft production last year compared with 2004 and expects that growth to continue, revealed plans yesterday for a $300 million expansion of manufacturing and service facilities at its Savannah, Ga. headquarters. This project, to unfold over the next seven years, includes a new 570,000-sq-ft service center–more than twice the size of the existing center.
Last Thursday’s union victory for the Flight Options pilots has received mixed reactions.