Business

September 3, 2014 - 5:50am

Bell Helicopter CEO John Garrison wants more “national investment” to develop advanced rotorcraft to keep U.S. OEMs globally competitive.

Speaking at the Aero Club of Washington on July 29, Garrison noted, “Industry investment, coupled with a regulatory environment that keeps pace with innovation, will go a long way to meeting the growing demands [for helicopters]. But the final component of innovation is national investment and a sustained investment in technology.”

September 3, 2014 - 4:35am

Is the honeymoon over for Airbus Helicopters and big innovation? Despite the news that the company will build a successor to the X3 compound demonstrator by 2019 (see AIN, August, page 57), Guillaume Faury (who was appointed CEO 16 months ago) seems to have a more cautious approach than his predecessor, Lutz Bertling, and some signs suggest the OEM will scale back its forays into brave new territory.

September 2, 2014 - 4:10pm

The ninth annual JetExpo business aviation show is set to open on Thursday at Moscow Vnukovo Airport. According to organizers, the three-day event (September 4 to 6) will draw around 75 exhibiting companies and up to 8,000 visitors. No details of the planned static display were available as of press time, but 30 aircraft are expected to be on show–a reduction from the 40 that participated in the 2013 event.

September 2, 2014 - 4:09pm
Puma AE launched from Coast Guard icebreaker

Operators for the first time successfully launched and recovered a small unmanned aircraft system (UAS) from a U.S. Coast Guard icebreaker, the service said. They achieved the feat on August 18, launching an AeroVironment Puma AE from the flight deck of the Coast Guard cutter Healy, under way in the Arctic Ocean.

September 2, 2014 - 4:05pm

Despite an estimated $535 million overage in aviation insurance claims this year stemming from the recent spate of foreign airline accidents (including two fatal crashes involving Malaysia Airlines Boeing 777s), Corporate Aviation Insurance Group president Matt Drummelsmith doesn’t expect any effect on insurance premiums for U.S.-based aircraft operators.

September 2, 2014 - 4:00pm

According to NBAA, IRS officials recently indicated the agency plans to intensify audits of companies for improperly classifying employees as independent contractors, which could include contract pilots frequently used by corporate flight departments. The independent contractor issue is so concerning and complicated that NBAA issued a Best Practices for Utilizing Independent Contractors guide for business aircraft operators in 2011.

September 2, 2014 - 3:55pm

Dubai-based Private Jet Charter (PJC) said use of business jets by executives in the Middle East is making a comeback, marking a complete turnaround from the prevailing trend five years ago when most corporations had curtailed such expenditure in response to the global financial crisis.

While CEOs in the Middle East predominantly use corporate jets for business travel to cover the larger geographical areas in the region, they are also starting to fly them more for leisure purposes.

September 2, 2014 - 3:50pm

Satcom service provider Gogo rebranded its Aircell business aviation division as Gogo Business Aviation, the company announced today. The move follows a rebranding of its air-to-ground high-speed airborne data service for the business aviation market from Aircell High Speed Internet to Gogo Biz in August 2010. “As Gogo continues to expand its leadership position, its business and commercial aviation divisions now share a single, global brand,” the company said.

September 2, 2014 - 3:45am

The FAA is moving ahead with a plan to expand the services offered by Houston Center in the Gulf of Mexico by September 2016. As part of the plan, the FAA will install three more ADS-B radios in Mexico to enhance surveillance over the Gulf with a 60- to 80-nm coverage overlap between Houston Flight Information Region and Merida and Monterrey ACC airspace.

September 2, 2014 - 12:40am

The typical summer slowdown that the used market has become accustomed to seems to have taken a summer vacation. While worldwide inventory has ticked up slightly in response to seasonal variances, the inventory of 2000 and newer jets fell during the past couple of months. As the fleet has aged, the broader number of aircraft for sale has to be looked at closely. Consider that aircraft that are 25 years old or older account for more than one third of the market currently for sale, and these aircraft are often lumped in to the total figure to define the health of the market.

 
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