Business

April 5, 2013 - 12:35pm

The AgustaWestland deal in India for AW101 helicopters that is being investigated after bribery allegations has prompted the Indian government to re-examine its already delayed defense procurement procedure 2013 (DPP). This is now focusing on “indigenization,” which defense minister A.K. Antony described recently as the “ultimate solution to the scourge of corruption.”

April 5, 2013 - 5:05am

Fuel Bidder, a new Delaware-based software provider, has launched Fuelbidder.com, a jet fuel marketplace application it says will help aircraft operators find the lowest jet fuel price at airports around the world. According to the company, the free app allows users to request pricing from hundreds of suppliers. Registered users input their uplift date, airport, preferred FBO, estimated fuel volume and a deadline by which they would like to receive all final price offers. The app will then send the request to each registered fuel supplier at the destination airport.

April 5, 2013 - 2:50am

Bristol Flying Centre Group has unveiled its newly remodeled FBO, the sole aviation services provider at the UK’s Bristol Airport. Located in the southwest of the country, the airport has recently seen 1,700-percent growth in annual passenger numbers. To accommodate that passenger surge, the company has doubled the size of its terminal to 6,500 sq ft, including two separate lounges for private and charter flights as well as a crew lounge and redesigned passenger reception areas.

April 5, 2013 - 1:07am

JA Air Center in Sugar Grove, Ill., opened its new completion and refurbishment shop in January and, according to sales director Rodd Caldwell, “business is picking up and the full crew of six has been busy over the past year, with a steady backlog of about two months.”

The center is focusing on interior work from the King Air through super-midsize jets. Currently in the shop are a Cessna 210, Learjet 40 and Challenger 300, “all of them in for partial cabin refurbishment.”

April 4, 2013 - 2:35pm

International Airlines Group (IAG) confirmed on Thursday that it has reached an agreement with Boeing that calls for the conversion of options on eighteen 787s to a firm order.

April 4, 2013 - 1:55pm

On March 26 an NBAA and NATA working group met with Internal Revenue Service (IRS) officials to discuss the Federal Excise Tax (FET) issue. IRS auditors are applying the FET to management fees and expenses paid by Part 91 (non-commercial) operators to management companies.

April 4, 2013 - 1:45pm

In the first quarter of this year, seven people died in two fatal accidents involving U.S.-registered private business jets compared with 14 fatalities in three private business jet accidents in the first quarter of last year, according to preliminary data gathered by AIN. The two fatal U.S. business jet accidents in the first quarter involved privately operated Beechcraft Premiers.

April 4, 2013 - 1:40pm

Aircraft charter demand in North America and Europe is up significantly this month from both a year and a month ago, according to the latest data from online charter portal Avinode.

April 4, 2013 - 1:35pm

J.P. Morgan Aerospace & Defense’s April Business Jet Monthly report sees “little evidence that new jet demand is gathering momentum” and “we are not expecting a particularly strong Q1.”

Factors contributing to the lack of demand include elevated inventory of younger jets, prices of used jets still declining and flight ops that are “barely growing in the U.S. and shrinking in Europe.”

April 4, 2013 - 1:15pm

Signature Flight Support launched its sixth Signature TechnicAir yesterday, at Washington Dulles International Airport, and announced the certification of its newest facility as an Embraer authorized service center for the full line of Embraer business jets. Signature Flight Support recently purchased the assets of Sun Aircraft Services, which was a long-term MRO provider and tenant at Signature’s Dulles location before the acquisition.

 
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