The recent buying frenzy for FBOs has reached at least one airline. ExpressJet Holdings, whose operations include a fleet of 255 Embraer regional jets operated as Continental Express, has purchased a non-controlling interest in Wing Aviation, an FBO, charter and refurbishment firm based in Conroe, Texas.
Aviation International News » July 2005
At press time, the Internal Revenue Service had yet to officially publish IRS Notice 2005-45, Deductions for Entertainment Use of Business Aircraft. This notice is intended to provide aircraft operators guidance on revised rules for computing the deductible amount of expenses for personal use of a corporate aircraft.
As discussions about user fees in the U.S. heat up, the Canadian Business Aviation Association (CBAA) reflects on the nearly 10 years since Canada privatized the oversight of its air navigation system (ANS) and Nav Canada proposed and implemented charges for air traffic services.
Edelstenne also said Falcon deliveries will reachbetween 50 and 55 this year. Although he said economic conditions have improved “measurably” since last year, this figure is short of the 63 Falcons delivered last year. He cited two reasons for the lower delivery projection. “The first was that we received orders for just 40 Falcons in 2003,” although the company delivered 49 that year.
Dassault will decide by early next year whether to launch a smaller Falcon, chairman and CEO Charles Edelstenne said shortly before the Paris Air Show last month. Production of the small, sleek Falcon 10 ended in 1983. The apparently twin-engine jet Dassault is now considering would be priced at less than $20 million and would be about the size of the Falcon 50 trijet but have less range.
Eclipse Aviation selected Opinicus of Clearwater, Fla., to be the exclusive supplier of flight-training devices and simulators for the Eclipse 500 very light jet (VLJ). The first Eclipse 500 simulator is scheduled to be delivered to Eclipse training partner United Airlines Flight Training Center in Denver early next year, coinciding with the expected FAA certification of the VLJ.
Charter operator Executive Jet Management has broken the 100 managed-aircraft threshold. With the recent addition of a Citation X in Chicago and a Falcon 900EX in San Francisco, the Cincinnati-based company now manages 101 aircraft at more than 60 U.S. airports.
Salt Lake City helicopter pilot Jeremy Johnson, 29, was cleared of all alleged FAR infractions in connection with his Santa Clara River flood rescue flights and subsequent fund-raising helicopter rides in his Robinson R44 in January.
The Quebec government will provide Montreal-based Pratt & Whitney Canada $250 million in “reimbursable support” for research and development over the next three years. The company said it will use the money for jet engine design, validation and integration, as well as for improving engine performance, reducing weight and lowering customer costs.
IAM Jet Centre, a new FBO in Barbados, held official grand-opening ceremonies late last month. Completed in December, the 6,000-sq-ft facility offers on-site customs clearance, conference rooms, showers, crew and passenger lounges, Internet access and state-of-the-art security screening.