At a February meeting of the Teterboro Users Group (TUG), held just a couple of weeks after the Challenger 600 accident at the New Jersey airport, safety issues were the chief items on the agenda. The association briefed members on runway incursions and departure procedures and the steps the airport is taking to address those issues.
Aviation International News » April 2005
EBITDA stands for “earnings before interest, taxes, depreciation and amortization.” In the acquisition world, businesses are valued by a multiple of their EBITDA. The buzz lately is that FBOs are popular among some aggressive private equity funds, and that has led to sales on the order of eight or nine times EBITDA–a rising trend that many say cannot continue.
The FAR Part 135 Aviation Rulemaking Committee (ARC) delivered a long-awaited briefing on its research and a preview of the coming notice of proposed rulemaking. The committee’s two-year charter comes to a close this month, and the committee met for the last time in late February.
“What gets me through an airshow is trust,” Michael George Goulian, Air BP’s Castrol Aviator and champion aerobatics pilot, said in his keynote address at the Professional Aviation Maintenance Association (PAMA) Awards Breakfast.
The panel discussion on brokers addressed the concern that anyone with a laptop computer and a cellphone could “broker” travel on chartered business jets. Fred Gevalt, founder of The Air Charter Guide, said a good start would be to register charter brokers with the U.S. Department of Transportation, a safeguard that he asserted would eliminate 60 percent of the Internet dabblers.
Security concerns; new flight, duty and rest time recommendations; and growing attention from the private-equity financial camp topped the items of interest at
this year’s NATA Convention. Held in conjunction with Aviation Industry Week, NATA’s annual meeting also addressed the changing role of aircraft charter brokers, airport authorities assuming FBO roles and NATA’s own Safety First Management System program.
About 800 people gathered in Atlanta in late February to celebrate the 90th birthday of the man who, by following his military orders on Aug. 6, 1945, is widely remembered for bringing World War II to an end. Gen. Paul Tibbets was 30 years old when he flew a B-29 over Hiroshima, Japan, so that it could release the first of only two atom bombs ever dropped in anger.
Englewood, Colo.-based Adam Aircraft plans to build its A500 piston twin and A700 very light twinjet in Ogden, Utah. The company reported that it leased 22,000 sq ft of Kemp Jet Services’ property at Kemp Ogden Airport. Certification and customer deliveries of the A700 are scheduled to begin next year.
The pilot and copilot of Citation 500 YV-21CP were killed March 8 when the jet crashed during a second attempt to land at Oscar Machado Zuloaga International Airport in Caracas, Venezuela. There were no passengers on board. The aircraft, registered to Ingenieria Anapuya Co., was on a flight from Maturin, Venezuela. IMC prevailed.
Higher altitude procedures are now in place to reduce low-altitude flying over Lake Michigan by aircraft operating to and from several satellite airports near Chicago. The Chicago Area Business Aviation Association has been working with the FAA to eliminate ATC’s routine routing of many flights over the lake at 4,000 feet.