NetJets has begun an operational consolidation plan for two of its North American fractional aircraft subsidiaries–NetJets Aviation (NJA) and NetJets International (NJI). Columbus, Ohio-based NJA flies everything but the large-cabin Gulfstream fleet; NJI, based in Okatie, S.C., operates the fractional Gulfstream fleet, with the exception of the super-midsize G200.
Aviation International News » July 2010
On June 11, charter/management company Wayfarer Aviation received bridge financing from Arcadia Aviation to continue operations, then four days later Arcadia president Robert Garrett announced that it had signed a purchase agreement to buy Wayfarer Aviation.
Based on relatively good news from manufacturers and analysts, many in the business aviation industry are on board the recovery boat. But amid indications of a recovery, there are also signs the boat is still leaking and more bailing is required.
The FAA’s plan to allow pilots to continue flying while taking antidepressant medication has finally generated a decent amount of public comment. As of early last month, there was only one comment from an individual in the rules docket, along with 10 other pieces of information such as the rule change itself and supporting materials.
The nation’s foremost aircraft repossessor is counseling his bank and leasing company clients not to take back delinquent aircraft. “We are telling banks not to repo,” said Nick Popovich, president of Sage-Popovich, the global aircraft repossession, aviation parts and services company.
- Page 7