FAA Administrator Randy Babbitt called on members of the Regional Airline Association (RAA) to participate in voluntary safety information programs such as FOQA (flight operational quality assurance) and ASAP (aviation safety action program) during the group’s fall meeting last month in Washington.
Aviation International News » December 2009
BAE Systems announced last month that it has contracted to deliver a 46-passenger Avro business jet corporate shuttle version of the BAe 146-200 regional jet to UK-based motorway infrastructure construction firm Gill Group. The interior work will be done by Inflite Engineering Services at London Stansted Airport, with oversight from Bristol-based Waypoint Aviation.
XOJet has secured $470 million in additional financing, including $100 million in equity and a “more flexible debt facility” of $370 million that allows for the purchase of either new or used aircraft. The financing was led by TPG, a Fort Worth-based private equity firm, and Aabar, an Abu Dhabi-based investment firm. XOJet plans to use the additional capital to expand its charter aircraft operations.
Vero Beach, Fla.-based Piper Aircraft said it is delaying first deliveries of the single-engine PiperJet from the fourth quarter of 2012 until the second quarter of 2013. To compensate for the delay, Piper favorably changed contract terms for PiperJet customers, including maintaining the price at $2.19 million and changing the CPI escalator date from Oct. 1, 2007, to the beginning of this month.
Pre-owned aircraft broker JetBrokers has launched a European operation with offices in the UK and Switzerland. The new company trades in business jets, turboprops and helicopters and is set up to complete deals across Europe. Its portfolio already consists of almost 40 aircraft.
The latest data from Charter X and Avinode paints conflicting pictures of the fortunes of the executive charter market over the past month. Avinode’s demand index for November 1 dipped below 60, having stood at 69.1 just 30 days earlier. Over the same period, Avinode’s average price index showed a slight fall of less than 1 percent to 92.86.
Virgin Charter, the online charter brokerage launched with great fanfare in mid-2007, ceased operations on October 23. “With the severe decline in corporate travel, Virgin Charter was unable to generate sufficient sales to underpin its business plan,” according to a company statement, “and has taken the difficult decision to close its doors.”
Alto Aviation has been selected by Honeywell to supply the sound system components for its new Ovation Select, the cabin management system Embraer picked for its
Ocean Sky Aviation has appointed Steve Grimes as its new CEO. Grimes was formerly CEO of the UK-based group’s Ocean Sky Jet Centre FBO business, but will now run its main aircraft management and charter activities as well. Earlier this year, Ocean Sky received $48 million in fresh investment, and it recently acquired German charter operator Triple Alpha of Dusseldorf, Germany.
Last month, the Central Europe Private Aviation (CEPA) association launched with the mission to support and develop business aviation in Central Europe. The new Prague-based group will initially focus on Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania, Slovakia and Slovenia, as well as Belarus, Ukraine and Russia. Grossmann Jet Service, a Czech private jet operator, became the first member of CEPA.