Hawker Beechcraft, in what it hopes is the final phase of Chapter 11 bankruptcy proceedings, saw its employment level in Kansas drop to 3,372 as of December 31, triggering an automatic reduction in the annual incentive payment from the State of Kansas. In 2010 the company was granted $45 million in incentives by the state, based on an agreement to maintain employment in Kansas at 4,000.
On July 13, Hawker Beechcraft filed a request with the U.S. bankruptcy court requesting permission as part of the restructuring to grant bonuses to most of its “senior leadership team” (SLT, see below).
The incentive bonuses under the key employee incentive plan (KEIP) could total as much as 200 percent of each individual’s base salary; however, the filing makes clear that the bonuses are based on the achievement of certain incentive goals.
Hawker Beechcraft filed a request with the U.S. bankruptcy court requesting permission as part of the restructuring to grant bonuses to most of its “senior leadership team.” The incentive bonuses under the key employee incentive plan could total as much as 200 percent of each individual’s base salary; however, the filing makes clear that the bonuses are based on the achievement of certain incentive goals.
Lufthansa Bombardier Aviation Services (LBAS) has announced the official launch of its customer loyalty program, Maintenance Plus.
If at first you don’t succeed, try, try again. Start-up VLJ developer Excel-Jet is taking this saying to heart as it attempts to move its headquarters in exchange for local government financial support. Nearly two years ago, the Monument, Colo.-based company said it was moving to Guthrie, Okla., to take advantage of a $3 to $5 million incentive package from local and state resources.
Demand for charter is so strong that Executive Jet Management (EJM) is offering new incentives to encourage business aircraft owners to make their airplanes available for charter. “Demand outweighs the supply of aircraft,” said Ronald Silverman, senior vice president for client relations.
Avantair is offering a limited-time incentive to new buyers of Piaggio Avanti fractional shares. Customers who sign on the dotted line before March 20 are eligible to win a college basketball championship game day package consisting of round-trip travel aboard an Avanti and four tickets to the big game in Atlanta on April 2.
The FAA and the Park Service have taken some steps to implement the National Parks Air Tour Management Act, but nearly six years after its passage, “the required air-tour management plans have not been completed,” according to a new report from the Government Accountability Office.
The Government Accountability Office has confirmed that the required air-tour management plans which are part of the National Parks Air Tour Management Act have not been completed and the act has had little effect on noise in the parks.