Banks

January 26, 2010 - 11:07am

Thom Harrow, former president of Volo Aviation, last year formed a new company called Airport Property Partners (APP) and in December purchased four Volo FBOs from Merrill Lynch. The four FBOs–in Fort Pierce and Sarasota, Fla.; Manassas, Va.; and Hayward, Calif.–will be rebranded as APP Jet Centers. Harrow expects new signage for the facilities to be in place by the end of next month.

January 26, 2010 - 11:05am

Thom Harrow, former president of Volo Aviation, last year formed a new company called Airport Property Partners (APP) and in December purchased four Volo FBOs from Merrill Lynch. The four FBOs–in Fort Pierce and Sarasota, Fla.; Manassas, Va.; and Hayward, Calif.–will be rebranded as APP Jet Centers. Harrow expects new signage for the facilities to be in place by the end of this month.

December 4, 2009 - 3:17am

JPMorgan Global Equity Research yesterday issued its December Business Jet Monthly report, which notes that November’s used business jet inventory saw a modest decline, marking the fourth consecutive month of shrinkage in the number of active aircraft available for sale. The midsize class saw the biggest inventory decrease, while the number of available light jets remained relatively unchanged from the previous month.

November 23, 2009 - 5:58am

JPMorgan’s latest business jet monthly report indicates that October was another month of modest improvement in aircraft demand and utilization. Further, pre-owned business jet inventories fell for the third straight month, “and the peak for this cycle now seems more firmly behind us, but they remain at very high absolute levels,” noted aerospace analyst Joseph Nadol III.

November 2, 2009 - 4:29am

According to a monthly business jet report issued by JPMorgan last month, the pre-owned market recovery continues though new jet demand is expected to lag.

October 1, 2009 - 7:46am

Against a backdrop of ongoing financial insecurity in the global banking sector, Qatar Airways announced this week that it has secured two “innovative” financing deals worth a total of $700 million to buy four new Boeing 777s due for delivery over the next few months.

September 30, 2009 - 6:09am

“We’ve felt a more positive vibe on business jets recently, with used inventory ticking down slightly and flight operations edging upward,” JPMorgan Equity Research aerospace analyst Joseph Nadol III said last month.

May 1, 2009 - 6:46am

Although Westchester County Airport in New York agreed to grant a new
lease on Hangar E-1 to JPMorgan Chase, existing leaseholder Avitat Westchester

April 21, 2009 - 12:36pm

Westchester County authorized the county executive to sign a lease with JPMorgan Chase for Hangar E-1 at Westchester County Airport in White Plains, N.Y., but the actual lease has been delayed by court action.

September 30, 2008 - 5:21am

As if there hasn’t already been enough bad financial news, reports from UBS Investment Research and JPMorgan indicate that pre-owned business jet inventories continued to increase in August, leading both firms to warn that deliveries of new aircraft could fall as a result.

 
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