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Industry News Feed

Title: AIN:Charter and Fractional

Accident Closes New York LaGuardia Airport

New York LaGuardia Airport closed on Thursday after a Delta Air Lines McDonnell Douglas MD-88 skidded off Runway 13 upon landing in a snowstorm and crashed through a fence on the top of a berm, just feet from the waters of Flushing Bay. The accident forced the 125 passengers and five crewmembers to evacuate onto a broken wing, from which more than 1,000 gallons of fuel spilled onto the ground. Authorities reported minor injuries to 16 occupants, one of which emergency crews transported to a local hospital.

Delta Flight 1086, en route from Atlanta Hartsfield International Airport, landed at LaGuardia at roughly 11:05 am, just a few hours after falling rain and ice had turned to snow and temperatures dropped well below freezing, creating a layer of ice on the runway.

The airport planned to reopen at 7 pm, the same time authorities planned to lift a winter storm warning.

March 5, 2015, 1:31 PM

Obama Signs DHS Funding Bill

President Obama signed the full-year Fiscal Year 2015 Department of Homeland Security (DHS) funding bill into law on March 4, averting a shutdown of the agency.  The department, for the second week in a row, had faced a shutdown as lawmakers remained at odds over a controversial immigration provision. House Republicans ultimately agreed to withdraw the provision and on March 3 passed a "clean" bill that matched that approved by the Senate on February 27. 

DHS was the last of the Fiscal Year 2015 funding bills to be approved. Most of the federal government funding for fiscal 2015 was approved in December, but Congress originally provided funding for DHS only through February 27 in protest of the White House's immigration policies.  Congress late last week had cleared another stop-gap funding bill, this time for just a week, as it hashed out differences over the immigration measure. 

Under a shutdown, DHS would have furloughed approximately 30,000 of its estimated 230,000 employees, with the rest working without pay. Most critical functions-including U.S. Customs and Border Patrol inspection and clearance activities, along with Transportation Security Administration airline passenger screening-would have continued.


March 5, 2015, 12:01 PM

Bell, Hughes Explore PBN for Operators in China

Bell Helicopter, teamed with Hughes Aerospace, is exploring the development of performance-based navigation (PBN) procedures for Bell operators in China equipped with advanced navigation systems.

PBN defines navigation performance requirements for air-traffic routes and instrument procedures. The procedures would enable the helicopter operators to optimize access to airspace, flying more direct approaches and departures than they would otherwise under IFR-base routes or those designed for fixed-wing aircraft, said Chris Jaran, vice president for Bell Helicopter in China.

"The flexibility PBN delivers to operators translates into less fuel burned and time in the air, effectively increasing the number of flights a helicopter can perform before requiring maintenance," added Hughes Aerospace president and CEO Chris Baur. 


March 5, 2015, 11:24 AM

Legacy 450, 500 To Boost Embraer Deliveries, Revenues

Embraer is estimating that deliveries of its large executive jets will increase by at least 50 percent in 2015 with the additions of its new Legacy 500 and 450.  At the same time, though, the Brazilian manufacturer believes light jet deliveries will ebb slightly.

Embraer projected 35 to 40 large executive jet deliveries this year, up from 24 in 2014. Light executive jet deliveries, however, are estimated to fall in the 80 to 90 range, down from 92 in 2014. Embraer's Phenom 300 accounted for most of the light jet deliveries in 2014-73–making it the most delivered business jet model for the second year in a row.

With the Legacy 500 entering the market late last year and the 450 anticipated later this year, Embraer expects revenues for Embraer's Executive Jets segment to reach between $1.7 billion and $1.85 billion, up from $1.591 billion in 2014.  Revenues for the segment slid in 2014 from $1.644 billion in 2013.

Aside from the increases led by the new models, Embraer reports "a recovery has yet to fully materialize." The used aircraft inventory continues to pressure new aircraft demand, the company said.

Company-wide, Embraer reported net profit of $347.7 million on $6.288 billion in revenues in 2014, up slightly from the net profit of $346 million on $6.235 billion in revenues a year earlier. 


March 5, 2015, 11:05 AM