Latest News

July 8, 2014, 2:20 PM

The Air Charter Association of North America (Acana) and Air Charter Safety Foundation (ACSF) have teamed to raise standards for the air charter industry, to include Part 135 and 121 operators and air charter brokers. The two associations are collaborating on the development and implementation of best practices “that will lead the air charter industry,” said Acana chairman and co-founder Scott Bickford.

July 8, 2014, 2:10 PM

NBAA released a new publication, “NBAA Aircraft Transactions Guide,” to assist those considering buying or selling a business airplane. Developed by the NBAA Tax Committee, the guide provides background on the most relevant FAA and DOT regulations, federal and state tax issues and aircraft ownership structures. It also maps the various steps of the aircraft transaction process, from the letter of intent to the closing.

July 8, 2014, 2:05 PM

Aircraft financing company AirFleet Capital, which is marking its 20th year in business, closed its 5,000th aircraft loan last month. AirFleet Capital has focused solely on the general aviation marketplace, transacting an average of 250 loans per year for customers purchasing aircraft, from warbirds to turbine business aircraft. The company also noted “that an increase in retail demand is well matched with bank appetites that continue to rebound.”

July 8, 2014, 2:00 PM

Canada’s Transportation Safety Board (TSB) has found that the fatally injured pilot and sole occupant of a Gemini Helicopters Robinson R44 that crashed on Jan. 27, 2013, near Fox Creek, Alberta, after an in-flight break-up “was under the influence of alcohol” and made “inappropriate control inputs that caused the main rotor blade to make contact with the fuselage.” The TSB also noted the failure of the R44’s emergency locator transmitter in the final report.

July 8, 2014, 10:10 AM

The mergers and acquisitions (M&A) tide is still rising in the commercial aerospace sector, according to Michael Richter, managing director and head of aerospace and defense with investment bank Lazard.

July 8, 2014, 10:06 AM
MBDA Meteor BVRAAM fired from Saab Gripen

Saab has completed integration of the MBDA Meteor BVRAAM on the Gripen. Next year the Swedish air force fighter will be the first to go operational with the new missile, according to Saab. The Dassault Rafale and Eurofighter Typhoon will also carry the Meteor. The Gripen previously conducted the first eight developmental test firings of the ramjet-boosted missile.

July 7, 2014, 1:45 PM

The NTSB’s preliminary report, issued last week, on the June 18 crash of an Israel Aerospace Industries Westwind II at Huntsville International Airport in Alabama revealed few clues about what caused the aircraft to bank steeply to the right just after takeoff and crash into an open field near the airport.

July 7, 2014, 1:40 PM

The helicopter industry in Asia has taken a first step toward tackling unfavorable safety statistics in the region with the creation of the Asean helicopter safety team (AHEST). The new group, representing the 10 countries of the Association of Southeast Asian Nations (Asean) and China, held its inaugural steering committee meeting last month. Airbus Helicopters Southeast Asia hosted the gathering in Singapore, attended by 15 participants representing manufacturers, operators, regulators and customers.

July 7, 2014, 1:35 PM

The National Transportation Safety Board (NTSB) last week denied a 2013 petition to re-examine the causes of the July 1996 accident in which TWA Flight 800 exploded and crashed into the Atlantic Ocean soon after takeoff from New York John F. Kennedy International Airport. A group called The TWA 800 Project filed the petition, claiming that a “detonation or high-velocity explosion” (possibly a missile) brought down the Boeing 747.

July 7, 2014, 1:30 PM

The first satellite-based precision approach system in the southern hemisphere enabled by Honeywell’s SmartPath entered service last week at Australia’s Sydney Airport. The technology, which is also known as a ground-based augmentation system (GBAS) in the U.S., offers precision guidance to within three feet of the runway centerline.

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