The Weekly of Business Aviation

Bill Carey
Panasonic Corp. of Japan and its U.S. subsidiary Panasonic Avionics Corp. (PAC) will pay $280 million to resolve Foreign Corrupt Practices Act and accounting fraud violations, the U.S. Justice Department and Securities and Exchange Commission (SEC) announced separately on April 30.
Business Aviation

Russell Hubbard has been appointed director of aircraft remarketing for Air Partner Remarketing.

May 2-3—Engine Leasing, Trading & Finance, London, U.K., http://events.aviationweek.com/current/Public/Enter.aspx

By Molly McMillin
Abace, the premier business aviation show in the Asia-Pacific region, could face competition in Guangzhou, China.

By Molly McMillin
Lufthansa Aviation Training will station five new Diamond DA42-VI training aircraft and two DA42 simulators at its location in Rostock-Laage, Germany.

By Molly McMillin
ALE Service Center in Toluca, Mexico, has completed its first installation of Rockwell Collins’ Venue cabin management and entertainment system in Latin America.

By Molly McMillin
CAA International, in partnership with the International Civil Aviation Organization (ICAO), has delivered an aerodrome certification course for 36 delegates from 14 African countries in Nairobi, Kenya.

By Molly McMillin
Million Air Syracuse has completed construction of a $10 million, 11,000-sq.-ft. FBO facility and 28,000-sq.-ft. hangar at Hancock International Airport in Syracuse, New York.

By Molly McMillin
Former NASA astronaut and space shuttle commander Charlie Precourt will be the keynote speaker at Textron Aviation’s 2018 customer conference May 14-16 in Wichita.

By Molly McMillin
Sentient Jet will be the preferred private aviation partner of the 2018 Kentucky Derby.

By Molly McMillin
Millennium International has finalized the completion of a 1,050-sq.-ft. Class 100 clean room in an expansion of its 9,500-sq.-ft. facility in Lee’s Summit, Missouri.

By Molly McMillin
JetLoan Capital, based in Stuart, Florida, completed five aircraft financing transactions in March, it reported.

By Molly McMillin
Conklin & de Decker is now offering its 2018 State Tax Guide for General Aviation.

By Molly McMillin
Berry Aviation in San Marcos, Texas, has begun a $2.7 million expansion of its headquarters.

By Molly McMillin
Western Aircraft has completed its first installation of a Tamarack Atlas Active Winglet on a Cessna Citation CJ1+ aircraft.

The FAA is adopting a new airworthiness directive for the Airbus Helicopters Model EC225LP.

For information about placing Classified Advertising in BA’s Marketplace Section, please contact Miguel Ornelas at 1 (661) 480-7000.

By Bill Carey
A privacy watchdog organization has filed suit against FAA’s Drone Advisory Committee (DAC), charging that the industry-government group has failed to release records and make subcommittee and task group meetings open to the public in violation of federal open-meeting requirements.
Business Aviation

The U.S. Congress took a major step toward bringing an end to more than three years of contentious debate over FAA reauthorization with the House voting overwhelming to pass legislation that would authorize the agency through Sept. 30, 2023.
Business Aviation

By Molly McMillin
Embraer recorded a decline in revenue in its executive jet division during the first quarter of 2018 as deliveries declined.
Business Aviation

By Molly McMillin
Rep. Bill Shuster (R-Pennsylvania) agreed to remove a controversial proposal from a “Manager’s Amendment” included in an FAA long-term funding bill, which would have moved management of the FAA to the U.S. Department of Transportation.
Business Aviation

By Molly McMillin
Fred Schrameck, the former CEO of Epic Air of Bend, Oregon, has pleaded guilty to one count of wire fraud for a scheme involving his consumer aviation company, Aircraft Completion Services
Business Aviation

By Kirby Harrison
The used aircraft market is stabilizing with asset quality and pricing at their best points in the past six months and many asking prices increasing, according to Asset Insight’s first-quarter 2018 market report.
Business Aviation

By Molly McMillin
Piper Aircraft delivered 34 aircraft during the first quarter of 2018, up 36% from 25 aircraft a year ago, the company reports.
Business Aviation

By Sean Broderick
JetBlue Airways’ commercial tie-up with boutique scheduled charter operator JetSuiteX is both a long-term play for the mainline carrier and an indicator of how underserved communities could regain air-service network connectivity without relying directly on traditional airlines.
Business Aviation