Overseas visitors may be puzzled by the number of so-called “trading” firms prominently placed in the LABACE exhibition areas. Why at an event that lets potential purchasers meet directly with manufacturers do Brazilian middlemen occupy so much space?
FBOs and aviation service providers will soon have to stop using credit card processing services that are not compliant with the Payment Card Industry (PCI) Security Council’s new payment application data security standard (PA-DSS), according to FBO software company Horizon Business Concepts of Broken Arrow, Okla.
Atlantic Aviation took the wraps off its Atlantic Awards program for jet flight crews. For every 100 gallons of jet fuel purchased at an Atlantic facility, the crewmember receives a certificate redeemable over the Internet for five dollars of “credit” applied to a prepaid American Express card in their name.
American Express entered the business aviation charter market with the introduction of the Private Jet Charter Program for its Platinum Card and Centurion Card members. The program’s service provider is Le Bas International, with offices in Cambria, Calif., and Shannon, Ireland. Le Bas is an 11-year-old business aircraft travel broker affiliated with some 5,000 charter providers worldwide.
International Water-Guard Industries (IWG) is “adjusting its pricing and business policies in response to the unprecedented shift in exchange rates between the U.S. and Canadian dollar.” According to IWG president and CEO David Fox, the Burnaby, British Columbia-based company has raised its U.S. prices by 7 percent “while working with non-U.S.
Much of the unprecedented recent growth in sales of business aircraft has been driven by the international market, where advantageous exchange rates have made dollar-denominated assets unusually affordable.
The continued weakness of the U.S. dollar on international currency markets is stimulating sales of U.S.-based business aircraft to foreign buyers. With the dollar recently reaching historic lows against the three-year-old euro, prospective buyers from Europe are pouncing on exchange-rate-based discounts.
What does Federal Reserve chairman Alan Greenspan have to do with the market value of Mitsubishi MU-2s?
A common admonition to investors is to regard a stock’s past performance as no guarantee of future results. On the macroeconomic level, however, general patterns prove more often true than not, especially over the long run.
Changes to the FAA’s investigative and enforcement procedures (FAR Part 13) including inflation adjustments to civil monetary penalties–became effective June 15. The adjustments typically do not exceed 2 percent. The rule also includes references to additional and revised statutes.