Safe Flight Instrument donated $50,000 to Corporate Angel Network (CAN) to support the charity’s mission of arranging free flights to treatment for cancer patients using empty seats in business aircraft. The company has a long history with CAN, transporting the organization’s first patient–a 16-year-old boy going back home to Detroit after treatment in New York City–some 30 years ago. CAN now has 530 participating corporations, a team of 50 part-time volunteers and six paid staff.
The Corporate Angel Network (CAN) will once again be the beneficiary of NBAA’s charity benefit dinner/dance, set for tomorrow in the Grand Ballroom of the Bellagio Hotel from 6 to 11 p.m. The organization arranges free flights to treatment for cancer patients in available seats on corporate aircraft. The event will feature dinner, live and silent auctions and a concert by the Beach Boys.
At a time when some see business aviation as an unnecessary extravagance, a new study sponsored by NBAA, the General Aviation Manufacturers Association and others has concluded that over a broad range of uses, business aircraft can materially benefit shareholders.
As happens in every significant downturn, corporate squeamishness about owning business jets climbs while used aircraft languish on brokers’ ramps. Already during this recession, the stigma against the perceived appropriateness of traveling by business jet has forced companies to cancel new jet orders, sell jets and even close entire flight departments.
The U.S. charter market is undergoing wrenching change due to a sudden drop in activity, according to charter operators and industry observers.
Frost & Sullivan’s “World Business Jets Market: Investment Analysis” released last month says that strong corporate profits and more orders from China, Russia, India and other fast-growing countries are driving continued demand for business jets. “Previously, the increase in demand for business jets lagged one to two years behind corporate profit increases.
Natalie was happy to be returning home after a week of treatment at New York’s Memorial Sloane Kettering Cancer Center.
Does a recovering economy and the rising stock market offer any assurance that your flight department will survive in 2004? Don’t count on it. While expanding corporate earnings bode well for business aviation, job security for flight department personnel is much more dependent upon delivering real value than absorbing excess profits.
A proposed rule would allow non-commercial operations of U.S.-registered aircraft owned by a company not considered a U.S. citizen to use the options of FAR 91.501 without obtaining a “foreign aircraft permit.” Under existing rules, U.S.-registered aircraft are considered foreign-owned if the management and/or board of directors of the corporation are not composed entirely of U.S. citizens. Comments to the notice are due by April 8.
The Federal Election Commission (FEC) last month adopted proposed changes to its rules governing the legal rates and timing of travel payments by political candidates, those traveling with candidates and those traveling on behalf of candidates in connection with federal elections on private aircraft, including those operated under Part 91.
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