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Rotorcraft

Moody's Downgrades Credit Rating for Helo Operator Erickson

Credit rating agency Moody's downgraded Erickson's $355 million bond debt two full notches to Caa3, assigning it a very high credit risk.
Airlines

IATA Presses Egypt To Release Blocked Airline Revenues

IATA says that Egyptian foreign currency exchange restrictions have resulted in $275 million of airline revenues being trapped in the country.
Regulations and Government

CL604 Charter Copilot Allegedly Tries To Fly Drunk

The pilot was taken into custody, and subsequently fired by his employer.
Charter & Fractional

OneJet Positions for Growth with Fred Reid on Board

Fred Reid brings a mix of business aviation and airline experience to his role as he helps provide guidance on OneJet services.
Unmanned Aerial Vehicles

FAA Issues 76 Waivers as Part 107 Drone Rule Takes Effect

Most of the waivers granted to the Part 107 operating conditions involve night-time flights, said FAA Administrator Michael Huerta.
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Aircraft

Embraer Adds Third Prototype to E190-E2 Flight-test Program

Embraer will use four prototypes to complete type certification for the E190-E2 airliner by the end of the first half of 2018.
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Aircraft

Falcon 8X Arrives in São Paulo to Make LABACE Debut

Dassault's new Falcon 8X should be ready to enter service in Brazil during the fourth quarter of this year when local type certification is complete.
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Aircraft

Bombardier Forecasts Region's Bizjet Demand

In its annual 10-year market forecast, Bombardier sees a demand for nearly 800 bizjets over the next decade in Latin America
Safety

Nall Report: Helicopter Safety Record Mixed

Fatal accidents and fatalities increase for both commercial and non-commercial helicopter operations.
Aircraft

Gulfstream Sees Latin American Uptick Playing to Its Strengths

Gulfstream Aerospace now has around 200 aircraft based across Latin America.
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Aircraft

Japan's ANA Grounds Some 787s for Engine Inspections

The carrier cancelled several domestic flights, reportedly due to concern over turbine blade corrosion of the 787's Rolls-Royce engines.
Regulations and Government

Brazilian Bizav Hopes for Rebound as LABACE Numbers Drop

Organizers of the 2016 LABACE show in São Paulo presented some stark statistics on the state of Brazil's business aviation industry.
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Regulations and Government

Staffing, Screening Issues Addressed, TSA Tells Airline Pilots

The Transportation Security Administration has plugged staffing gaps that caused long lines at airport security checkpoints this summer.
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Airports

Brazilian Airport Projects In Limbo As Economic Downturn Bites

Progress on a number of Brazilian airport projects has slowed, but bizav has benefitted from less competition with airline traffic.
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Regulations and Government

FAA Warms To Easier SE-IFR Helo Certification

Industry views this as key to increasing the number of IFR operations and improving safety.
Finance, Taxes, Insurance

USAIG Unveils Safety Program for Small Drone Operators

The initial offering under its new Performance Vector Unmanned program is an online small UAS ground school course provided by Argus Unmanned.
Regulations and Government

U.S. House Rep. LaHood Champions Small Airports

The former Transportation Secretary's Ray LaHood son, Rep. Darin LaHood partners with AOPA on general aviation round table.
Aircraft

Brazil’s LABACE 2016 Show Set To Open in São Paulo

The 13th LABACE show in São Paulo should be an indicator as to whether Brazilian business aviation is turning the corner on its troubles.
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Accidents

NTSB Investigating Inflight Collision with Object

The Ameriflight pilot discovered a 12-inch section of the vertical stabilizer missing after an unidentified object struck his airplane.
Airports

Bizav Rises To The Olympic Challenge, But Traffic Breaks No Records

Brazil's business aviation community did a good job of handling traffic associated with Rio de Janeiro's Olympic Games.
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Aircraft

Stratasys Rolls Out New 3D Printing Demonstrators

With some input from Boeing, Stratasys's new approaches to 3D printing and additive manufacturing are set to break through the technology's limitations.
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Aircraft

Piaggio CEO Steps Down After Pledge On Avanti's Future

The Piaggio board has replaced CEO Carlo Logli on an interim basis with chief operating officer Renato Vaghi.
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Aircraft

First LM-100J Commercial Freighter Nears Completion

Lockheed Martin expects to finish assembling the civil variant of the C-130J Hercules in the next few months and to fly the aircraft next year.
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Charter & Fractional

NMB Finds Lack of Evidence in Flexjet Union Vote Spat

The decision include a partial dissenting opinion, saying the changing of eight votes would have altered the vote for IBT representation.
Accidents

Hybrid Airship Damaged in Hard Landing on Second Flight

Pilots appeared to lose control of the vehicle as it nose-divd from 100 feet
Airports

City Council Votes To Close Santa Monica Airport

The resolution, passed unanimously at the city council meeting August 23, calls for closing the airport and eliminating its two FBOs.
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Airlines

Cost-cutting Drives Record Profits at Qantas

The Transformation Qantas initiative to reduce costs has resulted in an impressive turnaround in the fortunes of the Australian carrier.
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Aircraft

TAM AE Pushes Its Expanded Role As Textron's Face In Brazil

A full array of Textron family aircraft is on display at TAM AE's LABACE show exhibit.
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Rotorcraft

U.S. Interior Department Awards Contract for Quadcopters

The cabinet-level department will make the small rotary-wing drones available for use by its constituent agencies.
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Finance, Taxes, Insurance

JSSI: Worldwide Bizav Use Up Sequentially in 2Q

In its business aviation index for this year's second quarter, the hourly maintenance cost provider examined several flight activity trends.