News

Embry-Riddle Aeronautical University’s Daytona Beach, Fla., campus already had been planning to add 10 new Diamond DA42 Twin Stars to its fleet, but now their delivery has been fast-tracked to help replace airplanes lost in December’s tornado. The diesel-powered, twin-engine Diamonds will start to arrive on campus this summer and all 10 will be in […]

National Air Transportation Association President Jim Coyne spoke candidly about the FAA’s proposed reauthorization bill at a regulatory and legislative panel on Wednesday afternoon at the Aviation Industry Expo in Orlando, Fla. “It would be a misnomer to just call it a user fee-fight,” he noted. “The broader context is the FAA reauthorization, which happens […]

In last week’s issue of AVwebBiz, a story about PrestoSIM incorrectly said the company received Part 142 certification from the FAA in February. The company in fact received this certification in February 2004, and this past February obtained approval for its Ultra and Encore differences training from the FAA.

PremiAir Aviation Group is poised to take on new challenges following its acquisition by the von Essen Group of companies. PremiAir has managed von Essen’s fleet of business helicopters and jets, and closer pairing with von Essen’s luxury hotel collection produce “some very interesting business opportunities ahead,” PremiAir Managing Director David McRobert notes. Along with […]

Flight Options, LLC, has adopted OpSpec A008 FAA regulations designed to increase transparency and operational control oversight for FAR Part 135 charter operators. The fractional provider says its advance compliance showcases its “industry leading status within the realm of aviation safety,” but, in point of fact, “we were already operating under these standards,” according to […]

NetJets and CIT Group offered each other complimentary pats on the back this week as CIT surpassed $1 billion in total lease and loan originations with owners of NetJets. The mark reflects the strength of the companies’ 12-year relationship and CIT’s ability to serve up “a wide range of competitive, flexible and easy-to-use loan and […]

The Securities and Exchange Commission claim that three former Raytheon Co. executives from 1997 to 2001 disguised the aircraft division’s weakening fiscal situation. Now, three previous Raytheon executives — former CFO Franklyn A. Caine, former Controller and Lead Auditor Edward S. Pliner, and former CFO James E. Gray — will pay $1.5 million to settle […]

Jumpjet, which claims it can offer private jet travel for less than the price of an airline ticket, began enrolling members this week for service to begin on May 29. Members will be treated to first-come first-serve reservations departing from any of 12 originating cities and flying to any continental U.S. airport that is both […]

National Business Aviation Association President and CEO Ed Bolen stated last week before Congress his belief that proposed FAA modernization and funding plans ignore that the general aviation community has lead the effort in expanding aviation system capacity, modernization and safety through several significant initiatives. Further, he maintains that the current funding system will allow […]

On March 13, the Senate passed S.509 as part of a homeland security bill (S.4) that includes legislation that would within one year require the TSA to develop a “standardized threat and vulnerability assessment program for general aviation airports,” according to the National Air Transportation Association. The legislation states that a study would be designed […]