Today at MEBA 2012 in Dubai, the Middle East Business Aviation Association (MEBAA) and U.S.-based General Aviation Manufacturers Association (GAMA) announced a joint initiative to further promote and develop business aviation in the Middle East and North Africa region. The objective of the joint effort is to change the regulatory environment by encouraging civil authorities in the region to adopt a “best practices” set of common principles, which the two organizations will soon develop.
Regulations and Government
News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA reauthorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.
San Marino has relaunched its aircraft registry by taking steps to make it more attractive to foreign owners and has signed a partnership agreement with U.S.-based Aviation Registry Group (ARG), which already administers Aruba’s offshore registry.
European Union member states failed to meet a December 4 deadline to begin operating regional air traffic management blocks as required by Single European Sky (SES) regulations dating to March 2004. Airline trade groups joined in condemning the states over the missed deadline.
Ali Al Naqbi has been at the heart of business aviation developments in the Middle East for more than a decade, playing a central role in the formation of the Middle East Business Aviation Association (MEBAA), of which he is chairman. This role followed three years as managing director of Abu Dhabi-based aircraft charter and management group Royal Jet. Previously, for almost 20 years, he had been with Abu Dhabi’s Amiri flight, from which Royal Jet was formed.
The divided U.S. government edged closer to the so-called the “fiscal cliff,” a combination of tax increases and automatic spending cuts that will be imposed on January 2 unless political parties reach agreement on a package to reduce the country’s $16 trillion national debt. With 25 days remaining before the measures take effect, the parties were at a stalemate.
NBAA has joined other organizations in urging Congressional leaders to continue stimulating business capital expenditures by extending the accelerated, or “bonus,” depreciation that is set to expire at the end of this year. In a letter sent to both houses of Congress yesterday, the groups said, “It is imperative that we continue the 50-percent bonus depreciation…for 2013 and beyond. This will provide some certainty to U.S.
With bankruptcy court approval yesterday of Hawker Beechcraft’s disclosure statement filed with its joint plan of reorganization (POR), the company’s emergence from Chapter 11 appears to be accelerating. The court’s move allows Hawker Beechcraft to begin soliciting approval of the POR from its creditors.
Hawker Beechcraft, which reported a $44 million net loss and $95 million negative cash flow in October, followed that filing with the bankruptcy court by reporting in a separate filing a sales forecast of $1.9 billion in 2013 as a new, standalone company following its emergence from bankruptcy in February.
A government-industry aviation rulemaking committee (ARC) that addressed inconsistency in regulatory interpretations issued its final report to the FAA on Friday. It concludes that the agency’s Flight Standards Service (AFS) and Aircraft Certification Service (AIR) offices should review all guidance documents and interpretations to identify and cancel outdated material, and cross-reference material to the applicable rule.
President Barack Obama closed the legislative loop on U.S. refusal to comply with the European Union’s emissions trading scheme (ETS) on November 27, when he signed S.1956, legislation that orders the Secretary of Transportation to prohibit U.S. aircraft operators from participating in the carbon tax plan. The legislation also calls for the government “to conduct international negotiations to pursue a worldwide approach to address aircraft emissions.”