Banking and oil heir Michael Huffington, who is suing Bombardier over a Global Express he first ordered in 1995 and later rejected after he learned the aircraft had been struck by lightning, has produced a consultant’s report hoping to bolster his lawsuit against Bombardier. That report claims that the GEX is far more likely to be hit by lightning and suffer serious damage than its competitors. Bombardier disputes the report.
Aviation International News » July 2004
Unable to pay its 100 or so employees, Safire Aircraft “temporarily suspended operations” early last month, expecting to resume operations after an influx of new financing, according to CEO and president Camilo Salomon.
Personal use of corporate aircraft is coming under increasing attack by Congress.
A bill has been submitted in the House of Representatives that seeks to restrict a company’s ability to deduct certain portions of a flight conducted for personal use.
Titled the Corporate Jet Tax Shelter Reform Act of 2004, H.R.4352 was referred to the House Ways and Means Committee for further action.
The road to RVSM approval can be as smooth as a ribbon of freshly laid desert highway or as rough as a rock-strewn forest switchback.
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