A drug bust last month netted Drug Enforcement Administration officials 141 pounds of cocaine, two handguns, an AK-47, approximately $700,000 in cash, the arrest of seven individuals and three Learjets (one each in Georgia, Texas and New Jersey’s Teterboro Airport, reportedly at Signature Flight Support).
Aviation International News » September 2004
Callback, the monthly safety bulletin from the people who run NASA’s aviation safety reporting system, was 25 years old in July. In its 300 issues to date, Callback has published hundreds of lessons-learned by pilots, controllers, mechanics and others who have filed more than 600,000 ASRS reports since the program started in 1979. In celebrating a quarter century of publishing, the ASRS team praised the late Capt. Rex Hardy, decorated U.S.
The current Standard Industry Fare Level (SIFL) rates in effect from July 1 through December 31 are: 0 to 500 sm–$0.1926; 501 to 1,500 sm–$0.1469; and more than 1,500 sm–$0.1412. The SIFL terminal charge is $35.21. SIFL fees are used to satisfy IRS requirements for operators to compute the value of non-business transportation aboard employer-supplied aircraft.
The FAA is extending its runway incursion information evaluation program for another 24 months, through July 20, 2006, to gather further data about the causes of runway incursions and other surface incidents. The program involves in-depth interviews with pilots and mechanics whose actions might play a role in an incursion.
Management at Fort Lauderdale Executive Airport, Fla., has submitted a proposed noise compatibility program (under FAR Part 150 guidelines) to the FAA, which is scheduled to approve or reject it no later than January 16. Public comments can be submitted through September 20. For more information, contact Bonnie Baskin, at the FAA in Orlando, Fla., at (407) 812-6331, ext. 130.
Signature Flight Support, which recently lost its lease for an FBO at New York La Guardia Airport and is expected to lose its leasehold at Douglas International Airport in Charlotte, N.C., has more than made up for these setbacks. Last month the BBA Group subsidiary agreed to acquire the 10 Execair FBOs from the Menzies group.
Bank of America last month formed the Corporate Aircraft Finance Division, a group that combines The Private Bank’s Aviation Finance Division with the Bank of America Leasing Corporate Aircraft Finance strategic business unit. With creation of the new division, Bank of America has more than 700 clients and $4 billion in aircraft loans and leases.
NBAA will host its Asian Business Aviation Conference & Exhibition (ABACE2005) from August 9 to 11 next year in Shanghai, China. ABACE2005 will be the “first major Asian exhibition focused solely on business aviation in Asia, an emerging market with great potential for business aircraft and related products and services,” NBAA said.
The bull is back, or at least it appears to be. After watching business aviation limp along for the past three years, executives at Textron, General Dynamics and Raytheon are now optimistic that the industry is on the rebound.
Deliveries of new turbine business airplanes in the first half of this year increased slightly over the same period last year, but not all manufacturers reported improved numbers, according to the General Aviation Manufacturers Association.
OEMs shipped 240 business jets in the first half–just six more than in the first six months last year. Turboprop deliveries, however, increased to 83 from 69 year-over-year.