London Executive Aviation is pushing Cessna to get early delivery of the first of seven Citation Mustangs it has ordered. The UK operator is set to receive the first two examples of the new very light jet in December next year but is now negotiating with the OEM to advance at least one of these deliveries into this year. The six-seat Mustang is due to complete certification in the fourth quarter of this year.
Aviation International News » April 2006
Modifications to the St. Louis Class-B airspace go into effect on April 13. The changes are intended to ensure that departure and arrival procedures for new Runway 11/29 are contained in Class B airspace. Separately, the FAA has scheduled public meetings on April 27 in Mesa, Ariz., and May 2 in Phoenix on proposed revisions to the Class-B airspace in Phoenix.
April 10 is the comment deadline for a Securities and Exchange Commission (SEC) proposal to require more detailed reporting of top executive compensation, including such perks as personal use of corporate aircraft. One of the proposals would lower the threshold at which perks must be disclosed. Companies currently must reveal perks if the total aggregate value is more than $50,000, or 10 percent of total annual salary and bonus.
While its larger competitor NetJets saw profits vanish last year, fractional ownership operator Flexjet is reporting “our best year yet in terms of revenue and profitability.”
In his annual letter to shareholders, 75-year-old Berkshire Hathaway chairman Warren Buffett addressed the issue of management succession at his company: “As owners, you are naturally concerned about whether I will insist on continuing as CEO after I begin to fade and, if so, how the board will handle that problem. You also want to know what happens if I should die tonight.”
When Berkshire Hathaway chairman Warren Buffett speaks, everyone listens. As usual, he spoke aplenty in his latest annual letter to shareholders, which was released early last month.
Avionics manufacturer Avidyne reported that the European Aviation Safety Agency approved TSOs of the Release 6.0 upgrade for the Entegra integrated flight deck system and for the EX500 multifunction display. The Lincoln, Mass. company said the approvals clear the way for Avidyne OEM partners to deliver the upgrade for retrofit on European-registered aircraft.
The comment deadlines for a notice of proposed rulemaking (NPRM) to incorporate technology to reduce flammability exposure in fuel tanks and a related advisory circular have been extended from March 23 to May 8.
A proposed AD is aimed at owners of the Sandel ST3400 terrain awareness and warning system/radio magnetic indicator (TAWS/RMI). The action was prompted by a report of in-flight bearing anomaly caused by input signal fault and software error. The FAA wants owners of ST3400s to install new software and placard the system until the upgrade is installed. Comments on the proposed AD are due by April 24.
Sino Swearingen has selected Global Jet Services as the maintenance training provider for its new business jet, the SJ30-2. In the coming months the Simsbury, Conn.-based firm will develop an eight-day basic course available at the OEM’s San Antonio headquarters, as well as on site at customer locations. The SJ30-2 was certified last October, but deliveries have yet to start.