Last March, the business aviation spotlight shined brightly on Shanghai at the relaunch of the Asian Business Aviation Conference & Exhibition (ABACE). While the show was considered a rousing success by nearly all accounts, for the host venue, Shanghai Hawker Pacific Business Aviation Service Centre–the sole FBO at Hongqiao International Airport–the event served as a golden opportunity to showcase itself.
Aviation International News » September 2012
The second outdoor static display that was “just a few steps away from the convention center” at last year’s NBAA Convention in Las Vegas was so widely praised by both exhibitors and attendees that NBAA is doing it again at this year’s show, which will be held late next month in Orlando, Fla. In addition, the main static display (hosted by Showalter Flying Service at Orlando Executive Airport) will have more square footage than it did when the convention was last held in Orlando two years ago.
The global business aviation industry is anticipating a modest increase in flight utilization, according to statistics released by data tracker JetNet at its second annual iQ Summit in New York City recently. The Utica, N.Y.-based company conducts quarterly surveys through its JetNet iQ product, which it uses to gather information about the current state of the business aviation market and predict future trends.
Citi Private Bank named Ford von Weise head of global aircraft finance. He succeeds Mary Schwartz, who has announced her retirement.
Houston Police officer Ray Hunt thinks a department helicopter saved his life. He was chasing a parole violator into the woods at night. A police helicopter kept the suspect, armed with a TEC-9 submachine pistol, pinned down and lit up until Hunt and fellow officers could subdue and disarm him. Without the helicopter “he would have killed us when we walked into those woods,” Hunt said.
With the growing complexity of myriad federal, state and local taxes and fees, and the increasing intensity with which they are enforced, there was plenty to discuss at the Commercial Operators Tax (COT) seminar, held September 7 and 8 in Scottsdale, Ariz. Co-sponsored by Conklin & de Decker and the National Air Transportation Association (NATA), the event attracted business aircraft owners, operators and management companies.
For the past two years, the business aviation industry has pondered when the oft-mentioned bottom of the trough in aircraft deliveries might actually be reached. In a recent JetNet iQ survey, half of the respondents believe deliveries have already hit bottom, while more than 25 percent see the industry as showing some upward momentum at last.
At a public hearing August 6 in Sherman Oaks, Calif., citizens of the Los Angeles metro area took to the microphone to complain to FAA Western-Pacific regional administrator Bill Withycombe about noise caused by low-flying helicopters.
Owners and operators of business aircraft were disappointed last month when the IRS issued final regulations disallowing certain deductions for “entertainment” use of company aircraft.
The provisions were originally contained in the “American Jobs Creation Act of 2004.”
Under the new rules, the difference between the actual cost of personal entertainment flights provided for “specified individuals” and the amount included as income for the individual is disallowed as a deduction to the corporation.
While the Iranian capture of the Sentinel caught public attention, it also allowed researchers to show that spoofing technology has been, and continues to be, closely investigated by a number of military and civilian facilities in the United States.