Preparing for future growth of its U.S. and European operations–and in spite of mounting losses–fractional ownership giant NetJets has placed orders for 72 business jets valued at more than $1.6 billion.
When Mary Schwartz, director of aircraft finance for Citigroup (Booth No. 1058), was given the task of forming the New York-based bank’s aircraft finance department six years ago, its portfolio of business airplanes consisted of just a few.
Canada's private, user-fee-based ATC system–Nav Canada–believes that general aviation operators are double-charged for use of Canada's aviation infrastructure and that fuel excise taxes should be reduced.
"Business aviation should support the shift to user fees," urged Reason Foundation director of transportation studies Robert Poole, "if it is part of a comprehensive reform of ATC." He said user fees would enable the costly switch to a "network-centric" (more technology-based) ATC system that in his view would offset increased costs with potential savings from increased flying efficiency and fewer delays.
Bank of America (Booth No. 2390) announced today that it is establishing a cross referral and joint marketing program with Atlantic Aviation Flight Services, a subsidiary of Sentient Jet. According to Bank of America, clients who have signed on with Atlantic Aviation will receive “enhanced economics” in their financing terms from Bank of America.
NBAA this year is introducing the Albert Ueltschi Award, created to honor individuals and groups in business aviation who support humanitarian causes. The inaugural award is being presented to the Cessna Citation Special Olympics Airlift at today’s Awards Luncheon in recognition of the mission’s “humanitarian leadership” in business aviation.
New European Union minimum liability insurance standards that took effect April 30 are causing some U.S.-based operators to rethink their trips to Europe.
Avidyne and Ryan International announced discounts of up to $2,000 when customers buy an Avidyne FlightMax EX500 multifunction display and a Ryan 9900BX traffic alert system together.
The time has come, your boss tells you, to buy another aircraft. So you jump to the task, do your research and find just the aircraft the boss needs. But before she signs her name on the purchase contract, she calls you and asks, “Do you think we need title insurance?”
As the FAA wrestles with how to generate a stable and predictable revenue stream to fund its operations, the head of the Air Transport Association (ATA) went before a Senate panel to request a one-year reprieve from the 4.3-cent federal tax on jet fuel.