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In Print & Online,
Trade-A-Plane Has Everything That Keeps You
Flying
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ADAM
NEEDS AN IMMEDIATE $25 MILLION
Adam Aircraft faces
"liquidation" if it doesn't raise $25 million by the end of January. In
a letter to shareholders, CEO John Wolf said that without the immediate
cash injection, Adam will have to take action to meet the terms of
agreements with "senior lenders," according to the
Wichita Eagle. The lenders were not identified. Adam spokeswoman
Shelly Simi told the Eagle the money crunch has to do with financial
obligations coming due. "It's like every other loan or any other type of
funding," said Simi. "There's always stipulations or requirements and
that's what we're working through as every other company would."
More... |
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Quotes reprinted with permission. Aviation
Consumer, August 2007.
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GROB
TO DEVELOP COMPOSITE LEAR 85
Bombardier Aerospace has picked
Grob Aerospace to develop the all-composite structure of the Lear 85
business jet that was announced last October but without much detail.
The new aircraft is Bombardier's first venture into composites and the
85 will be the first composite bizjet certified under FAR Part 25, the
company said. Grob will build the first three Lear 85 prototypes, too.
Grob has built 3,700 aircraft and is developing its own business jet,
the Spn. More... |
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JA Air Center, Your Garmin
GPSMap 496 Source, Is Looking to Purchase Used GPS Units, Avionics, and
Aircraft
Call (800) 323-5966 for current value, with no purchase required.
JA Air Center is your source for Garmin GPS and Avionics,
including the popular GPSMap 496 with XM Weather, Terrain, AOPA
Airport Guide, Taxiway Database, and built-in StreetPilot Auto GPS.
JA Air Center [Dupage Airport (KDPA) in West Chicago, IL]
provides the finest avionics installations, turbine/piston maintenance,
avionics/instrument service, mail order, and aircraft sales. Call
(800) 323-5966, or
click for more information. 
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NBAA
DROPS $100,000 ON LOBBYING
The National Business Aviation
Association paid lobbyists Ernst and Young to pressure Congress and the
Treasury Department on "tax issues related to fuel and aviation" in the
first half of 2007. The figure was reported by Thomson Financial and
based on disclosure documents filed by Ernst and Young. Although the
description is vague, it appears the lobbying centered on the user fee
debate, which is now on the backburner as the Senate and House can't
seem to find consensus on the issue. More... |
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| Sebring Behind Us, Air Taxi Convention Ahead | | back to
top |  | |
INTERNATIONAL
AIR TAXI CONVENTION UNDER WAY
Delegates from North America
and Europe are gathering in Ft. Lauderdale, Fla. for the rest of this
week to talk about the air taxi business, particularly as it relates to
the use of very light jets. Most of the companies represented have been
in business less than a year and there's plenty for them to talk about
as they continue to try to build a new and independent aviation service
sector. "For the first time, the business traveler has a real choice,"
says the convention Web site. "However, the industry is still
young with many questions yet to be answered." More... |
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AIR
TAXI ASSOCIATION EUROPE
The Air Taxi Association Europe has
officially launched, with founding operators including AccelJet, AirCab,
Air-Cannes, Bikkair, Blink, byJets, ETIRC Aviation, GlobeAir, Gonow,
JetBird, Jet Ready, LEA, Taxijet, and Wondair. The assiciation will work
to develop strategic committees on technical standards, finances,
manufacturers, lobbying, and communications. It aims to stimulate demand
and the adoption of best business practices driving industry
standardization economies of scale and operational efficiencies.
Collectively, the association reaches across Europe and beyond and all
operators will be using "next generation very light jets" with low
carbon footprints to minimize their environmental impact, according to
the Association's press release. Alan Perry will serve from London as
Managing Director of ATXA Europe and members have elected Stefan Vilner
of JetBird to serve as Chairman of ATXA Europe. More... |
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Cessna Aircraft Company, the
World's Largest General Aviation Manufacturer
Based on unit sales, Cessna Aircraft Company is the world's
largest manufacturer of general aviation airplanes. In 2006,
Cessna delivered 1,239 aircraft, including 307 Citation
business jets and reported revenues of about $4.2 billion. Cessna
has a current backlog of $11.9 billion. The global fleet of more than
5,000 Citations is the largest fleet of business jets in the
world.
More information about Cessna Aircraft
Company is available online. 
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ECLIPSE
AND HAMPSON SETTLE
Eclipse Aviation and Hampson Aerospace
announced Tuesday that they've settled claims and counterclaims that
resulted from contractual issues between them. Late last year Hampson, a
large British company which has a subassembly plant in Grande Prairie,
Tex., sued Eclipse for alleged non-payment for tail sections it had
built for the very light jet. Eclipse filed a counterclaim against
Hampson but Tuesday's announcement says that's all history.
More... |
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Dual Antenna Traffic Systems Simply Perform
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providing timely alerts and precise locations of conflicting traffic.
Starting at just $9,990, the dual-antenna TAS600 provides full-time
protection and higher performance. When it comes to safety, you want to
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Go online for details. 
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CANADIAN
OPERATOR SUES TRANSPORT CANADA OFFICIALS
The manager of a
small airline that had a fatal crash on Vancouver Island two years ago
is suing Transport Canada and three of its senior employees for
defamation. Nikolas Todd Chapman claims the officials unjustly lifted
his authority to act as the operations manager for International Express
Aircharter the day after one of its aircraft, a Cessna Grand Caravan,
crash landed in a logging clearing, killing the pilot and two of seven
passengers. At the time, Transport Canada said Chapman "failed to fulfil
his responsibility as operations manager to control the operations and
operational standards of all aircraft operated by IAE." Canada's
Transportation Safety Board later determined the crash was caused by an
engine failure and Chapman claims in the suit that there's no way he
could have predicted or prevented it. More... |
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Aviation Consumer, the Only Magazine
with the Guts to Tell the Truth
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MEET
THE AVWEBBIZ TEAM
AVwebBiz is a weekly
summary of the latest business aviation news, articles, products,
features, and events featured on AVweb, the
internet's aviation magazine and news service. The AVwebBiz
team is: Publisher
Timothy Cole Editorial Director,
Aviation Publications
Paul
Bertorelli Editor-in-Chief
Russ Niles Contributing Editors
Mary Grady
Glenn
Pew Features Editor
Kevin
Lane-Cummings
Click
here to send a letter to the
editor. (Please let us know if your letter is not
intended for publication.) Comments or questions
about the news should be sent
here. Have a product or service to advertise
on AVweb? A question on marketing? Send it to AVweb's
sales team. If you're having
trouble reading this newsletter in its HTML-rich format (or if you'd
prefer a lighter, simpler format for your PDA or handheld device),
there's also a text-only version of AVwebBiz. For complete
instructions on making the switch, click
here. Aviate.
Navigate. Communicate. More... |
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for AVweb, covers the military
investigative board's findings.
