Fractional operator Avantair has restructured some of its financing arrangements and raised $2.8 million in new capital through the issuance of senior secured convertible notes as the company makes strides toward its goal of reaching profitability next year. The financing restructuring and new capital come as the Clearwater, Fla., company continues to regain its footing after grounding its fleet for several weeks in late October and early November 2012. Avantair began returning its Piaggio Avanti aircraft to service in November following comprehensive inspections.
Embraer completed the first flight of its Legacy 500 midsize business jet Nov. 27, but program delays have pushed the anticipated entry into service into 2014. The business jet, Embraer's first to have a complete fly-by-wire system, took off from the company's facility at Sao Jose dos Campos, Brazil and flew for 1 hr. and 45 min. The aircraft was tested for handling and performance characteristics. The aircraft cleared a broader flight envelope than typical for a first flight because Embraer conducted extensive simulation and ground testing prior to the first flight.
MedAire released its newest Aircraft First Air Kit and Aircraft First Aid Rx. Key updates to the Aircraft First Aid Kit 1.0 include medications to address motion sickness, oral rehydration salts to address dehydration and a digital wrist blood pressure cuff to improve diagnostic accuracy in flight. The kit meets or exceeds FAR Parts 91, 121, 135, EU-OPS 1.745, Canada AOHS and HKCAD AN101E requirements. The Aircraft First Aid Kit Rx includes the enhancements listed above, as well as a bronchodilator and ondansetron to address nausea and vomiting.
The fourth MV-22 to be assigned to the Presidential Support Squadron awaits attachment of the tail empennage (painted the iconic dark green of the squadron) on the Bell V-22 assembly plant production floor in Amarillo, Texas, Dec. 1. The first MV-22 is on schedule to be delivered to Marine Helicopter Squadron One (HMX-1), the Marine squadron that provides executive level logistics and passenger support to the president, in early 2013. The MV-22s will replace the CH-46Es currently operating with the squadron.
When President Barack Obama on Nov. 27 signed into law a bill that prohibits U.S. operators from participating in the EU's emissions trading system (ETS), environmental groups were quick to object. But industry officials say the action allows the issue to be decided by the ICAO, which is weighing its own plan for global market-based measures to combat greenhouse gas emissions. “With passage of this measure, the U.S.
Michael S. Meloche (Director of Flight Operations Air Lease Corp. Van Nuys, Calif. )
I applaud BCA for the continued education of all in aviation including myself. Being a professional pilot/director of flight operations for an international aviation corporation and an A&P/IA, we need to keep apprised of new regulations and procedures. There are ever-changing regulations coming into effect each day in all regions of the world. Your article “Oceanic ATC” (November 2012, page 40) had several mistakes. [Already noted and corrected by the author in “Readers' Feedback” [December 2012 — Ed.]
The U.S. Transportation Department is working with its counterparts in several Asia-Pacific countries to create a regulatory framework for business aviation, says Robert Letteney, deputy assistant secretary of transportation for aviation and international affairs. In most countries in the region, business aviation is regulated in the same way as scheduled commercial airlines, which means “business aircraft simply can't fly when and where they want.” Vietnam is working with the U.S.
Regulatory Changes for 2013 Federal agencies tend to stall in their regulatory work leading up to presidential elections. With 2012 finally behind us, we can expect a number of final regulations and new proposed regulations to appear this year. FAA Rulemaking
Jet Support Services Inc. (JSSI) named Neil W. Book President and CEO of the provider of hourly cost maintenance programs for business aviation operators. He succeeds Louis C. Seno who will continue to serve as chairman emeritus. Robert H. Book will chair the board of directors and Bryan Moss and Joe DaGrosa will 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 CEO of JSSI affiliate Aviation Insurance Corp.
Too many to mentally process, difficult to read and occasionally understand, not prioritized by importance, archaic in format and distribution in the digital age — Notices to Airmen, good old “NOTAMs” — remain both the bane and deliverance of pilots worldwide.
The U.S. government is throwing its support behind the high-level working group on market-based measures to combat aviation greenhouse gas emissions the ICAO convened Dec. 12 and 13 in Montreal. As we go to press, the first meeting of the high-level group brings together delegations from 17 ICAO member states. The group is expected to present its findings to the ICAO Council in March and June next year. The delegations comprise both aviation and climate change experts, rather than just aviation experts, a person familiar with the process told Aviation Week. The U.S.
While many business jet makers initially believed 2013 is shaping up to be another flat year, the Aerospace Industries Association (AIA) is seeing recent strength in the market and believes there could be moderate growth next year. But AIA's Year-end Review and Forecast, released last week, notes that 80% of those looking to purchase general aviation aircraft over the next five years are planning to do so in the latter part of the time frame. AIA's annual U.S. aerospace and defense forecast estimates that the U.S.
Online registration is now open for the Helicopter Association International's Heli-Expo 2013 at the Las Vegas Convention Center in Las Vegas, Nev., Mar. 4-7, 2014. Attendees and exhibitors can register, book housing and request exhibit space at the association's website: www.rotor.org.
The TSA could issue foreign repair station certification rules early this year, perhaps as soon as this month, a senior official says. The rules are “hopefully on track to be out in January,” Ann Zipser, director-global programs and engagement in TSA's Office of Global Strategies, said in December at an American Association of Airport Executives aviation security summit.
International Governor Services (IGS), an operating company of BBA Aviation, launched a new website featuring its engine control products in an easy to navigate format. The site features a full listing of all units available from IGS by product type and model as well as downloadable files of certification, warranties and related documents. International Governor Services Broomfield, Colo. (888) 808-5297 www.internationalgovernor.com
Middle East Business Aviation (MEBA) the region's only industry show dedicated to business aviation, will move to a purpose-built exhibition site under construction at Dubai World Central for its December 2014 iteration. This year's MEBA exhibition ran Dec. 11-13 at Dubai World Central and attracted 7,549 attendees from 84 countries — a 20% increase from the 2010 show.
Hangar8 is expanding its charter and management business with the acquisition of International JetClub for 1.1 million pounds (U.K.) ($1.76 million) and the issue of 500,000 ordinary shares. The acquisition increases Hangar8's managed fleet from 40 to 50 aircraft, including four helicopters. Nearly half of the fleet are large-cabin, long-range jets.
More than six dozen associations and companies from a range of industries are pushing lawmakers to extend 50% bonus depreciation for capital equipment purchases before it expires at the end of the year. A letter sent to House and Senate leaders this week warns that overall U.S. investment has rapidly declined every quarter since the third quarter of 2011 and almost half of the nation's largest investors are planning to curb capital expenses.
Air BP, the aviation division of BP, launched its OMEGA training and support system at London's Biggin Hill Airport. OMEGA sets out how staff manages fuel from the moment it arrives at the airport, to its safe storage and quality testing, to moving it around the airport and filling aircraft tanks, along with how to maintain equipment and respond to problems.
¡UBS analyst David Strauss reports available for sale business jet inventories moved 1% higher during November 2012 and continue to represent 13% of the installed base of business jets. Young available inventories (0-10 years old) moved 3% higher in November 2012 and are now 16% above the Dec. 2011 low at 8.6% of the installed base. The increase in young inventory has principally been driven by aircraft five years old or younger, which are now at 9% of the installed base.
GAMA is teaming with the Middle East Business Aviation Association (MEBAA) to promote and help develop business aviation in the Middle East and North Africa (MENA) region. GAMA and MEBAA plan first to focus on the regulatory environment, including urging aviation authorities to adopt a common set of rules that facilitate business aviation operations.
Wallan Aviation, a Saudi Arabia-based general aviation company has acquired two Falcon jets directly from Dassault Falcon. A pre-owned Falcon 900EX EASy II was to be delivered by the end of 2012 and a new Falcon 900LX in the second quarter of 2013. The company will operate both aircraft for the company's own use with the option of offering one or both aircraft for charter. Wallan Aviation has been operating in the Middle East for 20 years and has expanded its aviation to include charter, jet maintenance and a flight academy.
