The February 6 collapse of the Dulles Jet Center roof under a heavy blanket of snow– and the estimated $300 million worth of corporate jets damaged or destroyed in the event–has raised questions about insurance liability.
Aviation International News » May 2010
A bankruptcy judge on April 12 approved an asset purchase agreement between China Aviation Industry General Aircraft (CAIGA, also known as AVIC General Aviation) and the bankruptcy trustee of Epic Air. CAIGA’s bid of $4.3 million
The Transportation Security Administration has completed the revision of the large aircraft security program (LASP) and the supplemental notice of proposed rulemaking is set to begin its circuit to the Department of Homeland Security and Office of Management and Budget for review, according to the agency.
Start-up engine manufacturer Price Induction began endurance testing on its 575-pound-thrust Dgen 380 turbofan in late March.
The FAA has proposed that ERA Helicopters pay a civil penalty of $260,000 for operating a helicopter on Part 135 flights without complying with required post-maintenance checks and test flights. According to the agency’s penalty letter, sent to ERA on January 28, ERA operated Agusta AW139 N156JS for 23 passenger-carrying flights without accomplishing a required blade track and balance check following replacement of a rotor system lag damper.
Embraer has finalized a contract for the sale of 20 E190ARs to Austral Lineas Aereasof Argentina, the Brazilian manufacturer announced last month. Originally disclosed in May 2009, the contract remained conditional on “several requirements,” all of which the parties recently met.
When the Senate passed an FAA reauthorization bill in late March, the general aviation community breathed a little easier. Like the companion legislation already passed in the House, it did not contain any user fees for GA.
Bombardier announced its financial results for the fourth quarter of its fiscal year and for the year ending Jan. 31, 2010.
Total revenues for both commercial and business aircraft totaled $9.4 billion, down slightly from $10 billion in the previous fiscal year, and the total backlog for both sectors was $16.7 billion, compared with $23.5 billion as of Jan. 31, 2009.
Solar Impulse’s first prototype made its first flight on April 7 in Payerne, Switzerland, paving the way for the first night flight with a solar-powered, manned aircraft this summer. Company CEO André Borschberg and founder Bertrand Piccard are then planning a round-the-world flight, with probably five stopovers, to demonstrate the potential of investing in renewable energies.
9:00 5-1-2010The end of 2009 just may have signaled the low point of the recession. But before anyone breaks out the champagne, take note of the fact that this year hasn’t started out with a bang so much as a deep breath and hopeful sigh of relief.