Erickson Air-Crane’s acquisition of Evergreen Helicopters earlier this year is drawing fire from at least law firms representing the former’s shareholders. On March 20, Erickson announced it had agreed to acquire Evergreen for $250 million.
The Aviation Home Office, a newly launched independent business aviation consultancy, is offering a range of advisory services for aircraft owners, operators and buyers to ensure reduced operational and management costs, full transparency and complete supplier accountability. It says it can act in aircraft owners’ interest by providing “independent expertise and professional services” on a fiduciary basis. As examples, the company will be able to help operators find billing errors and can assist clients in determining business aircraft values when buying or selling.
In response to scuttlebutt that the FAA had ceased processing aircraft registrations for foreign-owner trusts, the agency sent a letter to a group of stakeholders clarifying that it has not imposed any moratorium on the issuance of pending or future registrations involving non-citizen trusts.
Pilots often wonder what happens if they sign a contract to repay training costs when accepting a flying job that involves expensive simulator training but quit before the contract has expired. Conventional wisdom is that such contracts are not enforceable and the hiring company eventually drops the issue. That was not the case for Allen Miller, who accepted a job with Bombardier Aerospace’s Flexjet fractional operation in July 2000.