Business

December 4, 2012 - 5:10am

Jetex Flight Support has taken its first major step to expansion in South America, particularly in Brazil. It recently started supplying fuel to international operators at domestic airports in Brazil. The company sees Brazil as a growing market for private aviation, with business aircraft traffic at airports within 100 miles of São Paulo doubling during the past five years. Jetex said it will work directly with into-plane agents to help lower prices for their clients by eliminating third-party costs.

December 4, 2012 - 4:10am

Virgin Australia said it has reached an agreement in principle to buy a 100-percent stake in Perth, Australia-based Skywest Airlines. Announced on October 30 and still subject to approvals from regulatory authorities and Skywest shareholders, the deal would see the Western Australian regional assume the Virgin Australia brand and, according to Virgin Australia CEO John Borghetti, benefit from further investment by the would-be parent company.

December 4, 2012 - 3:35am

Hawaiian Airlines’ parent company has begun the process of creating a new regional subsidiary to serve the Hawaiian islands of Molokai and Lanai with a used ATR 42 it bought in late October from Dublin, Ireland’s ASL Aviation Group. A separate purchase agreement between the two companies called for delivery of another ATR 42 last month.

December 4, 2012 - 12:45am

Avincis is the new name for World Helicopters, a firm that combined the Bond Aviation Group with Inaer when it took over the former last spring. The group, owned by KKR and Investindustrial, operates 400 aircraft, 350 of them helicopters.

December 4, 2012 - 12:40am

Republic Airways’ efforts to “restructure” its Indianapolis-based Chautauqua Airlines subsidiary appear to have yielded their intended results. During a November 1 conference call to discuss the company’s third-quarter earnings, Republic CEO Bryan Bedford reported that the regional airline holding company has found a way to mitigate future negative cash flows at Chautauqua by some $45 million over five years, largely by reaching new business agreements with several “key stakeholders ” and returning idled aircraft to revenue service.

December 3, 2012 - 1:07pm

Ailing Scandinavian carrier SAS will reduce its workforce by 6,000 employees, sell off its Widerøe regional subsidiary and centralize administrative functions in Sweden in return for an increased credit line from major shareholders and banks of 3.5 billion Swedish kronor ($525 million) through March 2015. The new revolving credit facility has yet to be approved by the parliaments of Sweden and Norway.

December 3, 2012 - 1:00pm

Canadian air navigation service provider (ANSP) Nav Canada and Iridium Communications signed a joint venture agreement that will eventually give Nav Canada a controlling interest in the Aireon global, satellite-based aircraft surveillance system.

December 3, 2012 - 12:45pm

Like many companies with high hopes for air transport growth in China, Honeywell Aerospace is counting on the country’s new leadership to step up a long-anticipated set of reforms, including moves to get the Chinese military to open vast chunks of airspace.

December 3, 2012 - 3:45am

Dying is one thing. Being reborn is quite another, as Hawker Beechcraft, its employees, lenders and creditors are discovering during the current bankruptcy and restructuring.

At the NBAA Convention last month, HBC chairman Bill Boisture explained recent events to that point and outlined the Wichita OEM’s future, which he confirmed will not include its business jet line.

December 3, 2012 - 12:40am

Cabin humidification specialist CTT Systems is hoping to get its Cair equipment adopted for use in more business aircraft. To date, the Swedish company has mainly had success in getting Cair installed on Boeing Business Jet and Airbus Corporate Jet bizliners, but it has recently been approached by airframers, including Bombardier, about possible applications on more mainstream models.

 
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