Latest News

September 20, 2006, 10:31 AM

April 10 is the comment deadline for a Securities and Exchange Commission (SEC) proposal to require more detailed reporting of top executive compensation, including such perks as personal use of corporate aircraft. One of the proposals would lower the threshold at which perks must be disclosed.

September 20, 2006, 10:30 AM

Early last month the Superior Court judge presiding over the lawsuit between Farnborough Aircraft Corp. Ltd. (FACL) and Epic Aircraft parent Aircraft Investor Resources (AIR) granted an injunction allowing FACL access to the F1/Jestrel JP100 prototype that AIR was building under an agreement.

September 20, 2006, 10:29 AM

While its larger competitor NetJets saw profits vanish last year, fractional ownership operator Flexjet is reporting “our best year yet in terms of revenue and profitability.”

September 20, 2006, 10:28 AM

The deadline has been extended to October 31 next year for FBOs and others who operate fueling facilities and fueling trucks to meet new spill prevention, control and containment (SPCC) rules. The former deadline was next month.

September 20, 2006, 10:21 AM

At press time, investigators near the town of Boushin in northern Iraq discovered the site where a Citation I/SP crashed on February 16. The accident killed all four passengers and two crew aboard. The twinjet (D-IMRX, S/N 688) was operated by Lech Air.

September 20, 2006, 10:19 AM

Changes to service fees proposed by Nav Canada will not go into  effect as planned on March 1.

September 20, 2006, 10:17 AM

A New Jersey man was sentenced last month to two years’ probation after pleading guilty to shining a handheld laser, first into the cockpit of a Citation landing at Teterboro Airport and again later at a helicopter that was searching for the source of the first incident.

September 20, 2006, 10:16 AM

In his annual letter to shareholders, 75-year-old Berkshire Hathaway chairman Warren Buffett addressed the issue of management succession at his company: “As owners, you are naturally concerned about whether I will insist on continuing as CEO after I begin to fade and, if so, how the board will h

September 20, 2006, 10:15 AM

Concerned about the growing number of Cessna 208 Caravan icing accidents, aviation authorities in the U.S. and Canada have issued a bevy of new recommendations, airworthiness directives and restrictions.

September 20, 2006, 10:12 AM

When Berkshire Hathaway chairman Warren Buffett speaks, everyone listens. As usual, he spoke aplenty in his latest annual letter to shareholders, which was released early last month.