AINalerts » October 16, 2008

October 16, 2008 - 11:58am

London-based aircraft charter broker Air Partner has reported strong growth in both sales and profits for its fiscal year that ended on July 31. Group sales climbed 35 percent to reach £251.3 million ($432 million) and pre-tax profits grew by 21 percent to £9.2 million ($15.8 million).

October 16, 2008 - 11:56am

Those who don’t learn from the mistakes of the past are destined to repeat them. That’s why the FAA today announced the establishment of a new online safety library that teaches lessons learned from “some of the world’s most historically significant transport airplane accidents.” Many of the lessons learned from these tragedies are timeless, the FAA said, and are applicable to all pilots regardless of what airplane(s) they fly.

October 16, 2008 - 11:55am

Charter broker Jet One Jets is seeking more than $60 million in compensatory and punitive damages from Halcyon Jet Holdings and brokerage firm Halcyon Jets for allegedly defrauding the company of its employees and customers.

October 16, 2008 - 11:51am

Brian Foley Associates president Brian Foley today sent a critical message to the various companies and consultants that recently released business aviation forecasts: these “delivery forecasts [were] outdated the day they were published.” In his view, “New aircraft orders are poised to fall off a cliff.

October 16, 2008 - 11:50am

While Textron this morning said its finance unit dragged down income in the third quarter, dropping year-over-year from $225 million to $210 million, revenue and profit at its Cessna Aircraft division increased by $150 million and $16 million, respectively, over the same three-month period last year.


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