Economics

March 28, 2011 - 6:20am

Attractive pricing persists on many popular models despite a continued tightening of inventory to its lowest level since peaking less than two years ago.

February 28, 2011 - 3:00am

Emivest Aerospace has had its court-administered Chapter 11 bankruptcy protection extended through midsummer while it tries to complete the sale of the companyπs assets to an entity owned by the Chinese government. Attorneys for the maker of the SJ30 light jet successfully petitioned the U.S.

December 29, 2010 - 4:12am

It has been two years since the economy went south, dragging business aviation right behind, and a year-and-a-half since a panel of “top economists” formed by the non-profit National Bureau of Economic Research (NBER) declared the recession over as of June 2009.

December 6, 2010 - 10:07pm

Leading business aircraft manufacturers are starting to take some encouragement from improving market conditions and more than ever are counting on emerging markets like the Middle East to give them the momentum the beleaguered industry needs to achieve a full-blown recovery.

December 6, 2010 - 12:30am

Middle Eastern clients are the largest group of aircraft owners joining what is arguably the world's fastest growing aircraft register: the Isle of Man. The offshore tax haven located in the Irish Sea between Britain and Ireland formed its own register just over three years ago and more than 300 aircraft already have flocked to its jurisdiction.

November 30, 2010 - 7:06am

Gulfstream International Group, the parent company of Fort Lauderdale, Fla.-based ­Gulfstream International Airlines, entered Chapter 11 ­bankruptcy protection last month in an effort to restructure its debt and secure long-term ­financing. ­Gulfstream said it has arranged for up to $5 million in debtor-in-possession (DIP) financing from Chicago-based ­Victory Park Capital Advisors and that it ­anticipates no effect on its flight schedules.

November 29, 2010 - 10:39am

Emivest Aerospace’s Chapter 11 bankruptcy reorganization filing on October 20 revealed that the company has until January 14 to find a buyer or could face Chapter 7 liquidation. Any prospective buyer of the manufacturer of the SJ30 light jet would have until February 4 to close the deal.

November 4, 2010 - 12:03pm

Emivest Aerospace’s Chapter 11 bankruptcy reorganization filing late last month revealed that the company has until January 14 to find a buyer or could face Chapter 7 liquidation. Any prospective buyer of the manufacturer of the SJ30 light jet would have until February 4 to close the deal.

November 4, 2010 - 11:33am

Gulfstream International Group, the parent company of Fort Lauderdale, Fla.-based Gulfstream International Airlines, filed for Chapter 11 bankruptcy protection today in an effort to restructure its debt and secure long-term financing. Gulfstream said the filing, registered with the U.S. Bankruptcy Court for the Southern District of Florida, would not affect its flight schedule.

October 26, 2010 - 12:02pm

A Delaware bankruptcy court could decide as early as today whether to allow Emivest Aerospace to continue operations after the company filed for creditor protection and reorganization under Chapter 11 of the U.S. bankruptcy code late last week. The maker of the $7.5 million SJ30 light jet indicated that it could obtain up to $4 million in debtor-in-possession financing to keep its doors open and continue to support the four in-service SJ30s.

 
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