Pogo Jet clarified plans to launch a charter service using Eclipse 500 very light jets in a registration statement for an initial public offering (IPO) submitted to the Securities and Exchange Commission. In a Form S-1 filed on September 13, the company revealed many more details about its planned charter operation and outlined the risks that it faces in trying to get the service off the ground.
Aviation International News » October 2007
Google founders Larry Page and Sergey Brin have drawn flak for a deal they struck with NASA to base an executive Boeing 767-200 and two Gulfstream Vs at the space agency’s Moffett Field, minutes away from Google’s headquarters in Mountain View, Calif.
A two-day conference called “The Future of Business Jets” will be staged in Paris on October 16 and 17 with a target audience of operators, brokers, manufacturers, lawyers, consultants and prospective aircraft users.
Mark Wilson, chief executive of the British Business and General Aviation Association (BBGA), is set to leave the organization this month to assume a new position as director of regulatory affairs with NetJets Europe. Wilson joined the General Aviation Manufacturers and Traders Association in 2003 and led its merger with the UK’s Business Aircraft Users Association to create BBGA.
Dassault Aviation posted strong financial numbers for the first six months of this year. First-half consolidated sales for the French aircraft manufacturer jumped to $2.44 billion from $1.92 billion in the same period last year. Revenues from the Falcon division now account for 57 percent of the company’s income, on par with last year.
The Russian government has halved the import tax on large business jets from 20 to 10 percent. The country’s Ministry of Economic Development and Trade confirmed the duty reduction in late August and announced that initially this will apply to aircraft weighing between 15 and 20 metric tons (33,068 to 44,091 pounds). The import duty reduction will cut approximately $2.2 million from the cost of importing a new Gulfstream G200, for example.
Cessna’s Citation Mustang entered service in Europe earlier this month when British-based entrepreneur Jane Howell arrived at the London-area Farnborough Airport on September 5, having flown the new entry-level jet across the Atlantic from Wichita. The delivery entailed 14 hours of flying and three refueling stops, but for the owner-pilot it was the trip of a lifetime.
The Santa Monica, Calif.
The FAA has issued an airworthiness directive (AD) for the Eurocopter AS 350B/BA/B1/B2/B3/D and AS 355E Squirrel light helicopters, requiring replacement of the hydraulic fluid at a specified interval when operating in cold weather. The amendment is prompted by reports of ice forming due to condensation in some parts of the hydraulic system.
At press time a search-and-rescue effort was still under way for world aviation record holder Steve Fossett, who was reported missing September 3 after taking off from the Flying M Ranch near Smith Valley, Nev., in an American Champion Super Decathlon. The Civil Air Patrol had not found any signs of the aviator in a search area covering hundreds of square miles of rugged terrain.