The Securities and Exchange Commission (SEC) suspended the trading of Connect-A-Jet securities for 11 days last month, from October 1 to October 12, due to alleged “deceptive practices” by the online charter broker.
GA activity at Westchester County Airport in New York is declining, according to airport manager Peter Scherrer. He said the decline is “worrying.” Avgas fuel sales dropped from 397,247 gallons last year to a projected total of 372,000 gallons this year.
Green Flight International last month conducted the first flight of a jet using 100-percent biodiesel fuel. The experimental test flight was flown by an L-29, a military aircraft that is rated to fly on a variety of fuels, including heating oil, making it a “preferred platform” for testing biodiesel in jet engines.
It has turned out to be one of the biggest deals in business aviation that never was. In late January Jet Aviation announced it had rejected all purchase offers after a months-long effort to find a buyer for the charter, completions, maintenance and FBO conglomerate.
Tyler Jet founder and owner Tim Beverley believes that it’s smart business for pilots to back-load fuel rather than tanker with full loads from home base. The extra wear on engines, tires and brakes is only part of the reason for buying inexpensive fuel on the way home from a round-robin trip, rather than on the way out.
Just over a year after its merger, ChevronTexaco (the entity that resulted when the two oil giants came together after a landmark $45 billion deal) has released some of the details of its newly realigned general aviation fuel business. Representing only a tiny percentage of even its airline-centered fuels trade, the general aviation sliver of the pie is, nevertheless, an important one to the merged companies, or so they say.
Emily and Arve Henriksen initially expected to open their Million Air franchise at Mobile (Ala.) Regional Airport (MOB) last year. “We anticipated a six-month wait negotiating the terms of the lease and up to a year for construction,” said CFO Emily. “It was a lot more difficult than we realized.”
The Wilson Air Center FBO chain, exhibiting at the Shell Aviation Booth (No. 405), has solved a weighty problem in fuel sales by introducing a system on its fuel trucks that registers fuel uploads in pounds as well as gallons. Fuel sales of avgas and jet-A have heretofore been indicated in gallons.
NetJets Europe is building carbon-offsetting costs into its fractional ownership prices in a bid to become a carbon-neutral operation by 2012. Beginning October 1, all new clients and existing clients who renew their contracts will purchase carbon credits that cancel out the carbon produced when they take flights. Current customers will be asked to sign up for the program voluntarily as part of their existing contracts.
With stark differences between House and Senate versions of FAA reauthorization bills working their way through Congress, some industry and congressional insiders see little chance of an agreement before September 30, the day when current taxes and fees that support the FAA expire.