Waltham, Mass.-based Raytheon is selling Flight Options, its Cleveland-based business aircraft fractional share division. On October 15 the company entered into a definitive agreement to sell the fractional provider to HIG Capital, a Miami-based global private investment firm.
Aviation International News » November 2007
While the FAA in early October released its Notice of Proposed Rule Making (NPRM) covering future mandatory carriage of ADS-B avionics, serious questions have already been raised about it. Generally, it was expected that the NPRM would cover the whole spectrum of ADS-B applications and would provide clear guidance to corporate operators anxious to benefit from the system’s full capabilities.
AMI Jet Charter’s trouble with the FAA didn’t start on October 12, when the agency revoked AMI’s charter certificate, nor the week before, when it suspended AMI’s certificate, nor in March when the FAA began an investigation of AMI or even in September 2005, when the Department of Transportation fined AMI $250,000 for violation of foreign-ownership regulations.
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