Hawker Beechcraft received federal bankruptcy court approval on Friday to continue operating during the reorganization process that follows the Wichita OEM’s filing for protection under Chapter 11 the previous day. The court decision will allow HBC to continue paying employees and vendors subsequent to the May 3 bankruptcy filing by allowing it access to $400 million in debtor-in-possession financing that was part of a pre-arranged restructuring.
AINalerts » May 8, 2012
Demand for charter flights during May appears to be slightly down from last month but is nonetheless above where it was a year ago, according to the latest forecast from online charter portal Avinode. At 123.7, the company’s forward-looking demand index for May 1 is about two points down from last month and nine points above where it was 12 months earlier.
The Transportation Security Administration’s proposed Large Aircraft Security Program (LASP) program, created in 2008, was based on actual risks and intelligence, Kip Hawley, the agency’s chief from 2005 to 2009, told AIN in an interview last week to promote his new book, Permanent Emergency: Inside the TSA and the Fight for the Future of American Security. “There was a real concern that a large business aviation aircraft would be used in attack,” he recalled.
GAMA hailed a bipartisan agreement reached on Friday between Republican House Majority Leader Eric Cantor and Democratic House Minority Whip Steny Hoyer to end an impasse over the reauthorization of the Export-Import (Ex-Im) Bank.
The first quarter “was a mixed bag of results” for the business aircraft pre-owned market, indicating that “recovery still remains elusive,” according to business aviation information firm Amstat. “On the one hand, inventories generally continued to contract, but year-on-year transaction activity remained largely unchanged and average asking prices in many parts of the market continued to face downward pressure,” the Tinton Falls, N.J.-based company said.
Dassault has received FAA approval for steep approaches on all Falcon 900 EASy (900EX EASy/DX/LX) and Falcon 2000 EASy (2000EX EASy/DX/LX) models. Thus, the entire in-production Falcon fleet is now both EASA and FAA-certified for glideslopes of up to six degrees. The Falcon 2000EX EASy, retrofitted with autobrakes; the 2000LX, which has standard autobrakes; and the Falcon 900 series are certified to operate at London City Airport. The flagship Falcon 7X has been approved to operate at that airport since early 2009.
King Schools has launched an online Flight Instructor Refresher Course (FIRC) that it says is not only “interesting, relevant and sometimes provocative” but is also the first such course to incorporate a paperwork-free, completely online renewal process. According to John and Martha King of King Schools, the company’s FIRC “gives flight instructors more insight on issues such as identifying and changing at-risk behaviors, and conducting an effective flight review,” said John King.
Henriksen Jet Center at Austin (Texas) Executive Airport has joined the Paragon Aviation Group, a network of “elite” independent FBOs. The facility is open 24 hours and features a theater room, VIP passenger lounge, atrium-style lobby and an 18,000-sq-ft arrival canopy. Austin Executive Airport, the newest business aviation airport in the U.S., is a 15-minute drive from downtown Austin.
Boeing launched its first iPad app, “Milestones in Innovation,” yesterday. The app brings nine decades of aviation innovation to the tablet through imagery and an interactive timeline. “This is the history of Boeing as a digital coffee-table book,” said Boeing vice president of brand and advertising Fritz Johnston.
Bombardier Aerospace is conducting a Learjet 60XR demo tour this week in Poland. The tour, which started yesterday, is being done in conjunction with Polish-based charter firm Blue Jet, with stops for private viewings planned in Wroclaw, Krakow, Warsaw, Poznan and Gdansk, as well as a media viewing during the Warsaw leg. “This is an exciting tour for Bombardier and Blue Jet,” said Bombardier Business Jets vice president of sales for Russia, CIS, Central/Eastern Europe, China, Asia-Pacific and Australia.