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Finance, Taxes, Insurance

Aviation Finance 2015

The rising dollar and declining aircraft residual values are proving to be a drag on the industry’s recovery.
FBOs

Desert Jet Joins the FBO Business

The company is building its own FBO at California’s Jacqueline Cochrane Regional Airport
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Aircraft

Fire at Boeing 777X Wing Plant Under Investigation

Company expects no effect on program schedule
Maintenance and Modifications

West Star Renews Hawker, Citation Service Center Deals

West Star GJT offers full-service support to Hawker and Citation operators.
Avionics

StandardAero LAX Completes Legacy 650 ADS-B Retrofit

The installation was performed as part of a service bulletin.
Maintenance and Modifications

Elliott Aviation Completes Three Phenom Inspections

All three 72-month inspections were delivered in the same week.
Maintenance and Modifications

AMAC Basel Adds BBJs on Base Maintenance Contracts

The company will have three BBJ projects under way simultaneously.
FBOs

ExecuJet Secures First Germany IS-BAH Approval

The company is one of the first in Europe to achieve the safety managment system-based certification.
Avionics

Gulfstream STCs Gogo UCS 5000 in GIV/GV

The UCS 5000 is a “smart” router capable of managing multiple onboard networks.
Unmanned Aerial Vehicles

FAA Unveils Small UAS Aircraft Registry

New unmanned systems purchased after December 21 must be registered before first flight while existing owners have until February 19.
Aircraft

Embraer Exec Jets Delivers First Phenom 100E in China

Light jet will be operated by Wanfeng Aviation, a subsidiary of the Wanfeng Auto Holding Group, for business passenger travel.
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Airlines

Star Alliance Welcomes Friends of the Family

South African low-fare carrier Mango joins network under ‘Connecting Partner Model’
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Aircraft

Qatar Airways Takes Delivery of First G650ER

Qatar Executive, the private jet division of Qatar Airways, has ordered up to 30 G650ERs, G500s and G600s.
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Airlines

IATA Raises Airline Profit Forecast Again

Record $33 billion net profit for 2015 finally surpasses cost of investor capital
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Regulations and Government

Lawmakers Buy a Few More Days for FAA funding

Lawmakers now have until December 16 to agree on a funding measure for most government agencies, including the FAA.
Aircraft

New Air Tankers for Russian Air Force

The Il-78M-90A will be co-produced with the Il-76MD-90A airlifter by Aviastar in Ulyanovsk.
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Aircraft

Global Jet Now Has Lion's Share of GE's Bizjet Portfolio

The financing firm has acquired all 276 aircraft in GE's corporate aircraft financing portfolio in the U.S. and Canada.
Avionics

Early Technology Adopter UPS Disconnects ADS-B 'In' Avionics

The cargo carrier said the equipment is obsolete and there is no Federal Aviation Administration mandate to equip for ADS-B In.
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Charter & Fractional

PlaneSense Shatters Last Year's Food Drive Tally

The fractional provider collected three and a half tons of food to feed its home state's poor.
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Aircraft

Wall Street Improves Outlook on Textron

Ratings agency Moody's cites new bizjet lineup and Beechcraft integration in upgrade of outlook to Positive.
FBOs

Ireland Gets New FBO

The facility is the company's first at Ireland's Cork Airport
FBOs

Brazil’s Largest FBO Set To Open in February

The company will be the largest service provider facility in the country.
Rotorcraft

CAAC Official Details Fast-Growing Chinese industry

Population of helicopter pilots has more than doubled since 2010.
Airlines

UAL's Dubai Pullout Marks End of Gulf Flights by U.S. Carriers

Direct 777-200 service between Washington Dulles and Dubai to end in late January
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Regulations and Government

Pilots Bill of Rights 2 Wins Senate Commerce Approval

The committee approved a compromise version to address concerns raised by Sen. Bill Nelson (D-Fla.) last month.
Aircraft

Porter “Assessing” Rejected Toronto City CSeries Proposal

Order for 12 of the new Bombardier jets imperiled
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FBOs

Avflight Adds in Colorado

The purchase comes right at the height of location’s peak season.
Accidents

First Fatal Accident of an Eclipse Bizjet Reported

The aircraft, built in 2008, was the first Eclipse to be registered in the African continent.
Aircraft

Third Series of Test Flights Completed by All-British UCAV

The Taranis program has met all objectives, according to a senior BAE Systems manager.
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Aircraft

FAA Type Certificate Issued for HA-420 HondaJet

A celebration of issuance of the HondaJet's type certificate was held December 9 at Honda Aircraft headquarters in Greensboro, N.C.
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