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A US bankruptcy court approved Delta Air Lines’ (DL) $74.3 million in debtor-in-possession (DIP) financing for Pinnacle Airlines Corp., a significant provider of regional service for DL.
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Despite a “challenging” European economy, the 12th annual European Business Aviation Convention & Exhibition, which concluded yesterday in Geneva, “was one of the strongest EBACE shows yet, demonstrating its value,” organizers NBAA and EBAA said.
The show attracted 12,638 attendees from 99 countries–both numbers on par with last year’s show. Some 491 exhibitors occupied a record-breaking 2,280 booth spaces at the Geneva Palexpo convention center. The show’s static display area, which was 10 percent larger than last year’s, presented a record-setting 60 aircraft.
EBAA president Brian Humphries, EBAA CEO Fabio Gamba and NBAA president and CEO Ed Bolen were all pleased with the show’s strong outcome. “This year’s show was a tremendous success,” Humphries said. “The numbers demonstrate that EBACE remains the most important European business aviation event, even in–and perhaps especially in–tough economic times in the region.” Gamba agreed: “We’re delighted with the excitement and enthusiasm that surrounded this year’s show.”
Next year’s EBACE show in Geneva will return to its Tuesday through Thursday format, running from May 21 to May 23, 2013.
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Last week the FAA issued a notice of a proposed permanent process for limiting aircraft data displayed via its Access to Aircraft Situation Display (ASDI) and National Airspace System Status Information (NASSI), known in the vernacular as the block aircraft registration requests (Barr) program. The agency proposes to continue to honor all aircraft owner or operator requests that the FAA block specific aircraft from appearing in the FAA’s public ASDI data feed.
Owners and operators can submit requests on their own behalf or may do so through their legally authorized agent. The FAA said it does not view associations to be agents on behalf of their members for this purpose. To assist the FAA in accurately and efficiently processing the number of requests that it expects to receive, the agency intends to ask that all requests for ASDI blocking include specific information.
“The receipt of this information could influence whether the FAA can add or delete aircraft from the ASDI block list in a timely way,” the FAA said. Until the agency issues a formal decision it will continue to operate under the interim policy it published last December.
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The U.S. Senate approved legislation yesterday to reauthorize the Export-Import Bank, bringing to conclusion a dispute in Congress driven by the airline industry’s opposition to export financing of Boeing long-range aircraft purchased by competing foreign carriers. The Export-Import Act of 2012 (H.R.2072) was approved a week earlier by the House and is expected to be signed by President Obama. The bill extends the bank’s charter through 2014 and increases its lending authority by $40 billion, to $140 billion.
GAMA applauded the latest congressional milestone. “The Export-Import Bank’s continued lending authority is great news for thousands of general aviation manufacturing workers and businesses of all sizes,” said GAMA president and CEO Pete Bunce. “Reauthorization ends a period of great uncertainty for our industry’s manufacturers, who have come to rely increasingly upon Export-Import Bank financing over the past several years.”
On Monday at EBACE in Geneva, Ex-Im Bank president Fred Hochberg announced a new process to expedite the bank’s financing of transactions involving U.S.-made business aircraft and helicopters. He also announced a new $350 million loan guarantee to support Textron in exporting Cessna airplanes and Bell helicopters.
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LightSquared filed for Chapter 11 bankruptcy protection on Monday, explaining that it needs “breathing room” to resolve regulatory issues that have prevented it from building its planned 4G broadband wireless network.
The filing in the U.S. Bankruptcy Court for the Southern District of New York comes nearly a year-and-a-half after the FCC granted the [...]
The HondaJet fuselage displayed this week at EBACE was a production article with the production interior and cockpit. Some changes are evident in the cabin, notably the removal of flip-down displays above each passenger seat.
Cabin electronics technology is changing so fast, according to Honda Aircraft president and CEO Michimasa Fujino, that it made [...]
FlightSafety International’s first Gulfstream G650 flight simulator, which is based at the company’s learning center in Savannah, has been qualified by the EASA. Evaluation and qualification of the G650 simulator by the FAA is scheduled to take place later this month and be completed before the start of customer training. A second G650 simulator [...]
Jet Aviation launched a new fuel sales service for its FBOs in the European, Middle Eastern and Asian regions this week at EBACE. Using its global purchasing power to negotiate a better fuel price with supplier World Fuel Services, Jet Aviation’s new fuel sales service can pass cost savings on to FBO and MRO [...]
Flexjet will be the first fractional provider to offer access to the new Bombardier Learjet 70 and Learjet 75, derivatives of the 40-series Learjets that were announced earlier this week at EBACE. Though a Flexjet spokeswoman said the number of Learjet 70/75s the frax company has on order is not yet determined, deliveries of [...]
The FAA has directed its investigators and staff to pursue stiffer penalties for people who purposefully point laser devices at aircraft. Shining a laser at an airplane can temporarily blind the pilots, resulting in a safety issue. The number of reported laser incidents nationwide rose to 3,592 last year from 2,836 in 2010. Laser [...]
Fractional-share provider Avantair’s revenues grew by 9.9 percent, to $40.1 million, in its Fiscal Year 2012 third quarter, compared with the same period last year. Revenue-generating flight hours climbed 6.1 percent, to 11,327. Net loss attributable to shareholders was $1.1 million, down from $1.3 million during the same quarter last year. Non-Gaap adjusted Ebidta [...]
FRANKFURT (Reuters) – Around five people were injured when a small regional airliner made an emergency landing in Munich after smoke was reported in the cockpit and cabin, and skidded off the runway, according to the airport and police.
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FRANKFURT (Reuters) – The opening of Berlin’s new airport has been pushed back nine months to March 17 after problems with fire safety systems, dealing an embarrassing blow to the German capital and angering airlines.
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Flexjet will be the first provider of fractional jet management services to offer access to Bombardier’s new Learjet 70 and Learjet 75 aircraft. Flexjet will be offering shares of Bombardier’s newest aircraft, with deliveries scheduled for 2013.
Published by Bombardier
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