If Berkshire Hathaway’s first-quarter results are any indication, its NetJets subsidiary will record a profit this year, which would be a reversal from $80 million in losses incurred by the fractional aircraft provider last year.
AINalerts » May 18, 2006
The NTSB on Tuesday is scheduled to adopt its final investigation reports, including the determination of probable cause, of two fatal Learjet accidents–departure from controlled flight, Learjet 24B, N600XJ, Helendale, Calif., Dec. 23, 2003; and controlled flight into terrain, Learjet 35A, N30DK, San Diego, Calif., Oct. 24, 2004.
The FAA last week revoked the Part 135 certificate of American Air Network (AAN) of Chesterfield, Mo., saying the company permitted flights for hire to be conducted on its air carrier certificate but allowed individuals who did not hold such a certificate to have operational control of those flights.
ExecuJet Europe next month is opening what it describes as the first dedicated executive aircraft FBO at Berlin Schoenefeld Airport. The new operation will expand the existing Lufthansa Bombardier Aviation Services maintenance facility, in which ExecuJet is a 20-percent shareholder. The round-the-clock FBO will phase in services over the next six months.
Tony Fox, the 84-year-old entrepreneur credited by those with long memories as being the father of the very light jet, this week sold the 1970s-era Foxjet design to start-up Millennium Aerospace of California. “My dream is to see the Foxjet flying during my lifetime…I’ve talked with 50 or 60 different prospective buyers recently, and I was convinced Millennium Aerospace has what it takes to get the Foxjet airborne,” said Fox.