Despite the recession, XOJet has reported strong year-over-year increases in revenue, flight hours and customers. The charter company said it experienced a 66-percent increase in revenue last year and a 60-percent increase in flight hours over 2007. XOJet ended the year with more than 1,500 customers, up from 1,000 the previous year.
Aviation International News » March 2009
Hawker Beechcraft’s latest advertising campaign suggests that the Big Three Detroit CEOs “might have received a warmer reception from their legislative hosts” if they had used a King Air 350, thereby saving approximately 220 gallons of fuel and thousands of dollars in operating costs. The King Air 350 is “one of the greenest aircraft in the sky,” the company said, and “clearly the best deal in town–all good news to the folks in D.C.
Cessna is closing its Toledo, Ohio Citation service center at the end of this month “due to reduced customer operations in the region,” according to a spokeswoman. Cessna has given employees 60 days’ notice and a severance package based on length of service. Employees can apply for open positions at other Cessna service centers, the spokeswoman added.
Sparta, N.J.-based Brian Foley Associates president Brian Foley foresees a recovery of the business aviation industry in the middle of next year, but not before some unavoidable pain. Young companies and those that lack sufficient capital are likely to be “short-lived,” and shakeups are probable even at established businesses. He lists single-product OEMs as being particularly at risk.
Is the light at the end of the tunnel of our economic crisis a reality, or merely the triumph of wishful thinking over reality?
Even as Congress haggles over the details of an $800 billion economic stimulus plan there are some signs of movement in a positive direction within the business aviation industry.
A Bermuda-registered Falcon 10 veered off the runway after touchdown at Samaden Airport in Switzerland on January 12 and hit piled snow. The 69-year-old captain and his first officer were killed and the sole passenger was injured. All occupants were Austrian nationals.
House aviation subcommittee chairman Jerry Costello (D-Ill.) said last month that the Obama Administration “has an [FAA] Administrator in mind and has been negotiating” with the potential nominee, who some thought meant Randy Babbitt, a former president of the Air Line Pilots Association. By late month, however, the scuttlebutt was that the negotiations had become bogged down over money.
Clearwater, Fla.-based fractional provider Avantair saw its year-over-year revenues climb nearly 24 percent, to $35.4 million, in its second fiscal quarter, which ended December 31. It also narrowed its quarterly loss to $600,000, an improvement of
NBAA, GAMA, AOPA and other aviation alphabet groups jointly issued a paper that offers a set of principles to address aviation and climate change.
On February 18, Eclipse Aviation’s board of directors elected to furlough most of the remaining 800 employees to conserve cash and allow more time to complete the bankruptcy court-approved sale of Eclipse Aviation to EclipseJet International. The latter is an affiliate of Eclipse Aviation CEO Roel Pieper’s company Etirc Aviation, which is Eclipse’s largest shareholder. The bankruptcy judge approved the Chapter 11 sale