Recently added articles from Very Light Jet Report:
Swan Song.(economic climate of aviation industry)
Jan 19, 2009 ... Very Light Jets have been on the leading edge of the current financial crisis with most newly minted manufacturers and commercial operations being the first to experience the constipation in the credit markets. Financiers began abandoning the market in droves as early as August 2007 at ...
And Then There Was One.(European Technology and Investment Research Center to takeover Eclipse Aviation Corp.)
Jan 19, 2009 ... That is the number of bidders for Eclipse, prompting the bankruptcy court to cancel last week's planned auction for the Eclipse Aviation assets, in favor of the planned takeover by ETIRC. The sale must still be approved by the bankruptcy court which had scheduled a hearing at press time ...
House Includes Aviation Spending in Stimulus Package.
Jan 19, 2009 ... It is little wonder that aviation groups differed on their take of the House stimulus package with Air Transport Association expressing disappointment and the American Association of Airport Executives applauding the bill which was $500 million short of the $4 billion industry request. ...
New Law Yields Savings for Aircraft Owners.(The Special Aircraft Property Valuation Act)
Jan 19, 2009 ... A new West Virginia law, which drops property tax obligations up to 95 percent, will probably be attracting a lot of aircraft owners. The tax code enacted in 2008 assesses corporate, commercial and other business aircraft at the lower of fair market salvage value or five percent of the ...
Cessna Cuts Workforce.
Jan 19, 2009 ... Cessna is cutting an additional 2,000 workers from its 12,000 employee corps in order to ensure its long-term stability, according to the company, which plans to offer a voluntary layoff program. This is the second round of cuts after last month's 60-day layoff notice for 500 and 165 ...