Management

March 7, 2013 - 3:35pm

Inventories of business jets, turboprops and turbine helicopters continued to deflate in January, business aviation market information firm JetNet said today in its latest market update.

According to JetNet, pre-owned business jet inventory in January landed at 13.2 percent of the in-service fleet, down 0.5 points from a year ago. Retail business jet sales, however, fell by 1.8 percent year-over-year, “only the second time since January 2009 that it showed a decline in full retail sale transactions,” JetNet said.

March 4, 2013 - 4:15pm
Aerosafe founder and CEO Kimberley Turner

Sydney, Australia-based Aerosafe, which specializes in aviation risk-management, is introducing three new accredited training courses at Heli-Expo’13. The courses focus on safety-management systems, risk management and regulatory oversight and, according to the company, provide training that is not currently available anywhere else.

February 5, 2013 - 2:55pm

ExecuJet Africa has partnered with international risk management company MS Risk to offer emergency response plans for clients with staff based at remote locations in Africa. Under the new Urgent Response Plan (URP) service, ExecuJet and MS Risk will work with clients’ human resources and safety managers to develop evacuation plans for those companies that do not currently have one in place or integrate services into an existing program. The URP will also include intelligence reporting, remote site visits, ground and air service options and logistics coordination.

February 5, 2013 - 2:45pm

XOJet announced today that it is promoting Bradley Stewart to company CEO, effective February 7. Stewart, who has been president of the fixed-price aircraft charter firm since 2010, was previously an executive with Parthenon Capital Partners and McKinsey. Current CEO Blair LaCorte will remain active with the charter company as a member of the board of directors. LaCorte will also retain his role as senior advisor to XOJet’s owner, TPG Portfolio, with which he has been affiliated since 2005.

January 31, 2013 - 3:38pm

A record number of pre-owned business jets changed hands worldwide last year, with 2,240 retail sales transactions logged, up from the previous peak of 2,181 in 2007, according to data released yesterday by business aircraft research firm JetNet. This high point follows three years of gains from the low of 1,539 transactions in 2009, the company added.

January 30, 2013 - 12:22pm

Duncan Aviations parts consignment program sold $1.07 million in consignment parts and rotables last year and saw the number of consigners increase by nearly 30 percent. Customer parts are stored in Duncan’s warehouse until sold. During the process, the consigner retains title to the inventory. Duncan Aviation also protects the consignor in case the purchaser defaults on payment and maintains insurance against casualty and subsequent loss.

January 2, 2013 - 4:05pm

Jet Support Services (JSSI) announced Neil Book has been named president and CEO, and Louis Seno will serve as chairman emeritus and special advisor to the board of directors. Robert Book will act as chairman of the board and industry veteran Bryan Moss and Joe DaGrosa will both serve as vice chairmen of the board. Susan Marr continues as a member of the board, general counsel and chief administrative officer of JSSI, as well as chief executive officer of Aviation Insurance, an affiliate of JSSI.

January 2, 2013 - 3:15am

AirQuest Aviation is a fixed-base operation 20 miles northeast of Pittsburgh in Butler County, Pa. It offers charter, FAR Part 61 flight training, aircraft management services and Part 145 maintenance, repair and overhaul for piston singles through midsize jets.

October 11, 2012 - 3:10pm

Despite the outward appearance of growth with the recent announcement about the addition of Bombardier Global 6000s to its fleet, NetJets Europe is seeking further voluntary redundancies from its pilot workforce in response to prolonged softening in demand for fractional shares and jet cards, the company confirmed. It has begun a consultation process with flight crews, repeating an exercise that it embarked on three years ago at the height of the financial crisis.

October 2, 2012 - 1:30am

The European Helicopter Safety Team (Ehest) has published a “training leaflet” for single-pilot operations, in a bid to curb accidents stemming from poor decision-making. The document highlights common errors and suggests strategies to prevent a pilot from being caught in a fatal spiral of events after having chosen the wrong option.

 
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