Berkshire Hathaway

October 20, 2014 - 6:00pm

Bombardier unveiled the Challenger 650, a refreshed version of the Model 605 with new avionics and engines, yesterday on the eve of NBAA 2014. Deliveries of the $33.25 million Challenger 650 are targeted for the second quarter of next year.

October 18, 2014 - 12:01pm

NBAA’s John P. “Jack” Doswell Award honors an individual for lifelong achievement in support of the aims, goals and objectives of business aviation. It is not awarded every year, but only when a deserving candidate is identified. This year the “more-than-deserving candidate” for the Doswell award is Bill de Decker, now chairman and majority owner of Conklin and de Decker, an aviation research and consulting firm based in Arlington, Texas.

October 14, 2014 - 12:45pm

Donated auction items are piling up for the NBAA/Corporate Angel Network Soirée, which will be held at the Hyatt Regency in Orlando, Fla., next Wednesday evening during the NBAA Convention.

October 13, 2014 - 1:15pm

In a deal that could be a preview for the already red-hot helicopter leasing market, GE Capital Aviation Services (Gecas) announced October 13 that it is acquiring helicopter leasing firm Milestone Aviation for $1.775 billion.

September 25, 2014 - 3:13pm

Delta Private Jets continues to see “record growth” for charter and jet card travel, the company announced this week. In fact, it recorded a 76-percent, year-over-year increase in jet card sales last month. This follows record growth in both June and July, “with September on track for similar activity.” As demand increases, Delta Private Jets said it is able to add popular business aircraft models via its “unique” aircraft management programs–one of which offers aircraft owners a guaranteed monthly income stream–to meet customers’ needs and spur additional growth.

September 23, 2014 - 2:50pm

NetJets announced today that it has been granted its air operator certificate (AOC) from the Civil Aviation Administration of China (CAAC) and can begin charter operations within the country, making it the first international aircraft operator to earn that distinction.

September 23, 2014 - 2:38pm

Approximately 300 pilots and other employees of NetJets took to the picket lines yesterday in a three-pronged “informational” protest outside the Berkshire Hathaway subsidiary’s Columbus, Ohio headquarters and at its bases at Teterboro Airport in New Jersey and California’s John Wayne Orange County Airport.

September 9, 2014 - 2:55pm

Helicopter leasing company Milestone Aviation Group signaled its intention to offer stock to the public–an initial public offering (IPO)–yesterday in a filing with the U.S. Securities and Exchange Commission. No date for the IPO has been set, nor has any valuation been placed on shares to be offered. Milestone was founded by former NetJets CEO and founder Richard Santulli in 2010 with an initial capitalization of $500 million. The company’s current fleet is valued at $2.2 billion and it has more than 145 helicopters on order worth $3.4 billion.

August 26, 2014 - 2:25pm

FlightSafety International is offering online training for the ground school portion of its Gulfstream G550 recurrent pilot training course. The company’s G550 eRecurrent training course is available for pilots who operate their aircraft under FAA or EASA regulations and replaces the two-day, in-person recurrent training course. It includes a 13-hour ground school eLearning module and instructor-lead LiveLearning CRM training. The simulator sessions, systems integration training and written exam portions of the course still must take place at a FlightSafety learning center.

August 14, 2014 - 3:50pm

Textron Aviation confirmed to AIN that it will terminate flight operations at its former fractional and charter/management operation, CitationAir, on October 31. The move comes 2.5 years after CitationAir stopped selling fractional shares in new aircraft and ceased renewals for current fractional-share customers in February 2012, saying at that time it would instead focus on its jet card and aircraft management products. The company is now abandoning even that modest plan.

 
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