Economic history

November 12, 2009 - 7:00pm

In the business aircraft market, the oil-rich Middle East has been an extremely important source in recent years of wealthy customers with a seemingly insatiable appetite for the largest, most sophisticated (and expensive) business jets available.

October 30, 2009 - 8:49am

Here’s an entry worthy of Ripley’s Believe It or Not: in the midst of the Great Recession of 2009, as U.S. jobs evaporate across the country, especially in the airline industry and particularly among skilled maintenance workers, Uncle Sam is working feverishly to fill jobs at domestic repair stations.

January 27, 2009 - 9:09am

Just as business aviation was girding for a fight over a Troubled Assets Relief Program (TARP) amendment that would have forced companies receiving TARP funds to dispose of their business aircraft, the House of Representatives moved to strike the language from the legislation.

December 29, 2008 - 6:54am

The news that General Motors and Ford are shutting their flight departments has rattled the business aviation community. Some attributed the actions to the sensational media coverage the “Big 3” (General Motors, Ford and Chrysler) executives faced after flying to Capitol Hill in private jets, while others blamed the subsequent $14 billion House bill that called for the distressed companies to sell their aircraft as a condition of the bailout.

September 18, 2008 - 12:40pm

Lehman Brothers’ bankruptcy filing will have no impact on XOJet’s international expansion plans, according to the San Carlos, Calif.-based charter operator. XOJet announced last year that it had secured $220 million in aircraft leasing finance from the New York-based investment banking firm, along with an additional $143 million in equity financing from Lehman Brothers and TPG Growth.

July 12, 2008 - 3:47am

Jet fuel prices are soaring, capital markets are drying up, Western economies at best are stalled and defense budgets are under threat as shrinking tax bases swell national debts to unsustainable levels. But you won’t find many prophets of doom among the top aerospace executives gathered here for the 2008 Farnborough International show.

February 26, 2008 - 5:33am

The largest civilian helicopter school in the U.S. abruptly ceased operations on February 3 amidst allegations by students and former employees of skewed ethics, mismanagement, misrepresentation and possible criminal activities.

February 26, 2008 - 5:33am

The largest civilian helicopter school in the U.S. abruptly ceased operations on February 3 amidst allegations by students and former employees of skewed ethics, mismanagement, misrepresentation and possible criminal activities.

September 20, 2006 - 4:46am

ConocoPhillips has redesigned its Web site to help pilots find Phillips 66 FBOs and allow FBOs to take advantage of new technology. For FBOs, Conoco-Phillips offers the new WebSmart 66 service, which allows FBOs to create their own Web site hosted on the Phillips system.

 
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