Content Archive: May 2008

Time seems ripe for IPOs as regional values blossom

Airline executives whose predictions of regional divestitures raised eyebrows just two years ago watched their prophesies turn to hard reality in late Febr
Accidents

NTSB to respond to ATR Roselawn petition

The NTSB has confirmed talk that the Board is “about to release” a report modifying some of its findings in the October 1994 crash of an American Eagle ATR
Aircraft

Hard times push Fairchild into arms of a new partner

A virtually stagnant market for new commercial airplanes and a rapidly eroding capital base have convinced German airframe builder Fairchild Dornier to pur
Charter & Fractional

Sky obscured over financing of Nimbus/Eclipse 500 mega-deal

In early February the Nimbus Group of Fort Lauderdale, Fla., announced it had received a “commitment” for $1.2 billion to finance its previously disclosed
Aircraft

Sovereign prototype well into flight testing

The Citation Sovereign, Cessna’s newest aircraft, had completed 15 test flights at press time since its first flight on February 27.
Rotorcraft

Bell shelves civil tiltrotor indefinitely

Stating that “the V-22 must lead tiltrotor technology into the marketplace,” Bell Helicopter has opted to shelve its BA609 civil tiltrotor following first
Finance, Taxes, Insurance

Bonus tax depreciation a boon for a/c buyers

Under a provision of President Bush’s economic stimulus package, purchasers of new aircraft can take a first-year depreciation deduction of 30 percent for
Charter & Fractional

Flight Options now #2

Wichita-based Raytheon Travel Air and Cleveland-based Flight Options on March 20 completed their planned merger, first announced December 20, creating the

CanPass restarts April 2

The CanPass general aviation border-crossing program resumes on April 2 at 176 airports in Canada.
Maintenance and Modifications

Bankrupt Dee Howard to be auctioned

Dee Howard, the San Antonio-based heavy maintenance, repair and aircraft modification company in business since 1947, is being auctioned.