Garmin International opened NBAA’08 by announcing a pair of offers to purchasers and operators of its G1000 integrated flight deck that include price breaks on popular options and an extended warranty on the system itself.
A Sentient Flight Group executive told AIN today that the funding round referenced in yesterday’s issue of AINalerts (click here for story) has closed, putting the company on a more stable financial footing.
A battle is brewing between the Million Air FBO franchising company and one of its more prominent franchisees, a group of seven Million Air FBOs owned by various companies led by Ken Allison. The FBOs, called “Jason III Aviation et al” in the lawsuits, include Million Airs in Cincinnati and Columbus, Ohio; New Orleans and Lafayette, La.; Chicago; Asheville, N.C.; and Charleston, S.C.
Buying an aircraft can be a daunting task. Unless a company or individual has deep pockets, it will inevitably require either leasing with an option to buy or financing a purchase. Even if paying in cash is an option, doing so can be problematic. Dave Labrozzi, senior v-p and general manager of Danbury, Conn.-based GE Corporate Aircraft Group, explained the difference between leasing with an option to buy and outright purchase.
The acquisition costs of the three diagnostic systems assessed above vary markedly, but what is the annual cost of ownership to operators? To calculate this, AIN assumed a three-year amortization of the purchase price for the VitalLink and Tempus systems (EMS-Link is leased).
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.
The pilots of Dallas-based CareFlite have approved a new contract including a pay hike, ending more than a year of work (and grueling negotiations) without a contract. The new three-year contract includes expanded pay and benefits for the pilots, including guaranteed overtime, annual pay increases of up to 6.2 percent and an average starting salary between $47,561 and $66,000.
The General Aviation Coalition (GAC) and its 17 member organizations have challenged the TSA’s recent direct final rule that would allow the revocation of an FAA airman certificate based on a threat assessment, declaring that it “clearly exacerbates the frustration experienced by this community seeing our civil liberties as citizen aviators slowly chipped away.”
The “Acquisition Guide” is a free publication designed to arm the airplane buyer with enough knowledge to ask informed questions. The guide covers legal issues, taxes, financial aspects, maintenance implications, inspections and other topics, as well
Buyers of new Gulfstream 200s now will receive a five-year or 2,500-hour maintenance and training program, similar to what Gulfstream has been offering buyers of new G400s and G550s since last September. Under the extended plan, all covered maintenance, inspections and parts are provided by a Gulfstream or General Dynamics service center, and includes the cost of labor.