Archive for October, 2009
New FBO for Cornwall – Midwest Executive Aviation
Monday, October 12th, 2009
Midwest Executive Aviation Limited, the FBO provider at Newquay Cornwall Airport has recently opened their new FBO facility at the airport. The new facility will significantly enhance the private aviation handling facilities at the airport by taking the new facility into the airports controlled zone, with direct apron access from the FBO to the airfield. The new facilities location is also in close proximity of the main terminal and restricted… Continue reading
Citationair: Phoenix of the fractional?
Saturday, October 10th, 2009
CitationShares, formerly the fractional arm of Cessna Aircraft, has rebranded itself as Citationair by Cessna, a retooling the company says will reinvigorate a fractional, jet management and jet card industry besieged by economic hardship.
“We operated for nine years under a traditional fractional aircraft model, copying what everyone else did at first” said Steve O’Neill, Citationair CEO, at a press conference in New York City this morning to launch the new… Continue reading
‘CitationAir by Cessna’ is new name of CitationShares
Saturday, October 10th, 2009
Responding to the brave new world of recession-shaped business aviation, CitationShares this morning in New York City unveiled a rebranding that sees the company change its name to CitationAir by Cessna and promote the scope of its offerings beyond the fractional operation it has been since its founding in 2000 as a joint venture between Cessna and Geneva-based Tag Aviation when the two companies bought Wayfarer Starshares (founded in 1998… Continue reading
Massive Expansion Planned for Bahrain International Airport
Friday, October 9th, 2009
A MASSIVE BD1.8 billion expansion of Bahrain International Airport aims to make it one of the best in the world.The expansion, planned over the next 30 years, will triple the passenger capacity to 27 million a year. Two new terminals will be opened in the next four years as part of the expansion.Terminal Two will be commissioned by 2012 and Terminal 1A will become operational a year later, Bahrain Airport… Continue reading
Gulfstream rolls G250 and G650 within two weeks
Thursday, October 8th, 2009
Gulfstream has rolled out its second new business jet in as many weeks. The first prototype of the super-midsize G250, designed and built in partnership with Israel Aerospace Industries, was unveiled at IAIs facilities at Ben Gurion airport in Tel Aviv on 6 October
Gulfstream rolls out G250 and G650
via VIDEO & PICTURE: Gulfstream rolls G250 and G650 within two weeks… Continue reading
Sokol Stamps Mark on NetJets Europe: AIN Online
Wednesday, October 7th, 2009
New NetJets chairman and interim CEO David Sokol has begun making changes at NetJets Europe, appointing a new boss to run the business and implement job cuts at the division’s headquarters in Lisbon, Portugal. Eric Connor has been appointed the new CEO and chairman of NetJets Europe following the October 4 resignation of CEO William Kelly, which the company said was “to pursue his own interests.
Connor will transition from his… Continue reading
The Fractional Market: AIN Online
Monday, October 5th, 2009
The recession has dealt an enormous blow to the fractional share industry. Rapidly declining used-aircraft prices and fewer flying hours have affected the industry to the point that most fractional operators have shrunk during the past year, deferred new aircraft deliveries, cut staffing and explored new ways to keep flying. Business has been so bad at the fractionals that some pundits are questioning whether the business model is broken.
via The… Continue reading
NetJets Europe cuts workforce as recession tightens its grip
Saturday, October 3rd, 2009
NetJets Europe has been forced to cut 6% of its workforce - around 100 employees - as a result of the global economic downturn that continues to hammer its fractional and charter card businesses.
The move comes five months after Europe's only fractional ownership company introduced a number of voluntary redundancy programmes for its pilots in an effort slash 60,000 excess duty hours from its roster - equivalent to 300 full-time… Continue reading