Finance

Warrant Issued for Kingfisher Owner

Sunday, October 14, 2012
By George Hatcher
Warrant Issued for Kingfisher Owner

Kingfisher bounced checks of 105 million rupees (£1.25m) to settle user fees at Hyderabad International Airport. Then the airline failed to appear in court, leading the local sessions court to issue an arrest warrant for Vijay Mallya, owner of Kingfisher Airline. Staff of Kingfisher Airline has not been paid for months. Debts are said... »

PR: $1.3 Million in Grants for Airport Vehicle Surveillance

Saturday, October 6, 2012
By George Hatcher
PR:  $1.3 Million in Grants for Airport Vehicle Surveillance

WASHNIGTON–U.S. Transportation Secretary Ray LaHood today announced $1.3 million in grants for Chicago O’Hare, Denver and San Francisco International Airports to buy vehicle surveillance equipment that will increase safety by helping to reduce the risk of conflicts between airport vehicles and aircraft. “This equipment will help ensure the safety of aircraft passengers and crew,... »

Another New Air India Plan

Tuesday, April 17, 2012
By George Hatcher

Air India owes around Rs.2,000 crore to oil retailers, and faces accumulated losses worth Rs.22,000 crore but is looking at a financial overhaul. Lenders including State Bank of India and 18 other banks will be repaid Rs.10,500 crore in 10-15 years, or through government-guaranteed bonds. The restructured debt is only one part of the... »

Hawker Beechcraft Headed for Bankruptcy

Wednesday, March 28, 2012
By George Hatcher

Centerbridge Partners, Angelo Gordon and Capital Research & Management are negotiating bankruptcy with Hawker Beechcraft. A forbearance agreement expiring in June will probably lead to a chapter 11 which will keep firm in operation. Centerbridge is the biggest lender. The private equity investment firm manages a $3 billion fund focused on distressed-for-control and buyout... »

Kansas Learjet Plant Gets Cash Infusion

Friday, December 16, 2011
By George Hatcher
Kansas Learjet Plant Gets Cash Infusion

Bombardier’s Learjet 85 business jet program is getting an infusion of $6 million in Wichita now that the Kansas Department of Commerce has permitted the use of a 1994 bond money incentive. The exact figure ($52.7 million) is expected to translate into 450 jobs. This is in addition to $2 million in bonds to... »

Fred Flintstone Airlines? No, it’s Air Zimbabwe

Tuesday, May 3, 2011
By George Hatcher
Fred Flintstone Airlines? No, it’s Air Zimbabwe

Like the nineteen year old Yemenia Airlines* Airbus A310-324 that was written up as having passengers with standing room only, unattached seats and an assortment of safety problems that were so bad that the plane was disallowed from flying over European airspace, Air Zimbabwe’s fleet demonstrates how not to run an airline. There are... »

Safekeeping of Passengers Flies or Dies on Banks Due Diligence of Ethiopia Airlines

Wednesday, March 23, 2011
By George Hatcher
Safekeeping of Passengers Flies or Dies on Banks Due Diligence of Ethiopia Airlines

While one should congratulate Ethiopian Airlines for securing a $765 million package deal to finance five 777s, I hope the banks checked more than just their credit history and their relationship with the banks. In terms of technological adulthood, Africa is still in its infancy. The pressure put on even a fairly reputable airline... »

BioJet Receives $1.2 Billion Funding Facility

Tuesday, February 8, 2011
By George Hatcher

RIDGETOWN, Barbados, Feb. 7, 2011 — BioJet International Ltd. (www.biojetcorp.com) announced today that it has received a US $1.2 Billion funding facility from Cayman based Equity Partners Fund SPC. The funding structure is a 3 year facility; further terms of the funding were not disclosed. BioJet is a leading international supply chain integrator in... »

AeroTurbine Signs $425 Million Credit Facility

Tuesday, January 4, 2011
By George Hatcher
AeroTurbine Signs $425 Million Credit Facility

AMSTERDAM, Jan. 4, 2011 — AerCap Holdings N.V. announced today that its subsidiary AeroTurbine signed an amendment to its credit facility. The amendment increases the total commitments available under the credit facility from $328 million to $425 million and allows for additional newer generation aircraft and engine types as eligible collateral under the facility.... »

Bristow Group Inc. Announces $375 Million Credit Facility

Tuesday, November 30, 2010
By George Hatcher

BRS announced today that it has entered into a $375 million senior secured credit facility, replacing the Company’s existing bank credit facilities and providing funds to redeem a portion of Bristow’s senior notes.   The new credit facility includes a five-year, $175 million revolving credit facility and a five-year, $200 million term loan.  The... »

RSS Plane Crash News

  • One Person Dead Following Plane Crash in SW Miami-Dade
    Police say one person is dead following a plane crash in Southwest Miami-Dade.
  • Plane Crashes After Declaring Mid-Air Emergency Near Miami Executive Airport
    MIAMI (CBSMiami) — Authorities haven't confirmed whether the pilot of a small plane that crashed near Miami Executive Airport Sunday survived. plane crash Plane Crashes After Declaring Mid Air Emergency Near Miami Executive Airport. Emergency crews respond to a plane crash outside of Miami ...
  • One dead in plane crash near Miami Executive Airport
    One person died in a plane crash Sunday afternoon in Southwest Miami-Dade, Miami-Dade police said. An FAA statement said the pilot was the only person on the plane: “A Piper PA 60 aircraft crashed approximately one and a half miles west of the Miami Executive Airport today at 2:50pm. The pilot ...
  • 50th Anniversary of Otis Redding's death, crash in Lake Monona
    MADISON (WKOW) -- Musical historians say the story of soul music legend Otis Redding is a tragic one. Ironically, Redding didn't reach the height of his fame until after his death in a small plane crash outside of Madison, 50 years ago today. Archival information says it's unclear what went wrong during ...
  • One Person Dead Following Plane Crash in SW Miami-Dade
    Miami-Dade Police said one person is dead following a small plane crash in Southwest Miami-Dade. Rescue crews rushed to the site of a downed plane Southwest Miami-Dade County Sunday afternoon. The incident happened in the area of Southwest 121st Street and Southwest 157th Avenue.
  • Plane remains submerged after bodies recovered from Lake Harney crash site
    SEMINOLE COUNTY, Fla. - The bodies of a pilot and two trainees were recovered Saturday evening from a plane that crashed into Lake Harney Friday, according to the National Transportation Safety Board. Related Headlines. Plane crash in Lake Harney. Bodies recovered in Lake Harney plane crash, ...
  • Inspector on plane crash off Sussex coast
    Inspector on plane crash off Sussex coast. Mar 30, 1:40 PM. 0:001:00. See more options Embed Code. Facebook twitter Google+ · Playlist Embed. You need to be logged in to post a comment ...
  • 2 dead after plane crashes into home and bursts into flames
    SAN DIEGO, Calif. — A single-engine plane with four people aboard crashed into a Clairemont home and burst into flames Saturday, killing two passengers and destroying the house, authorities said. The accident occurred about 4:35 p.m. when the Beech B36 Bonanza crash-landed in the baseball field ...
  • The Crown Recap: School Days
    But to his eye, Charles is growing up in the middle of ruinous luxury and he's spoiled by overindulgence. After all, Charles has parents! His sister didn't die in a horrible plane crash! He needs toughening up. The sad irony is that far from overindulgence, Charles is most in need of a parent to hug […]
  • Small plane plummets into San Diego house, killing two
    Two people were killed when a small plane crashed Saturday into a house in San Diego, authorities said. The crash occurred shortly before 5 p.m. in the city's Clairemont neighborhood, a few miles north of downtown, according to the San Diego Fire-Rescue Department. Two of the four people aboard ...

Blogroll

  • Air Consumer.gov
  • AirCrashConsultants
  • Airfleets
  • Airliners.net
  • AOPA
  • Bird Strike Database
  • Bird Strike Database Query
  • EASA
  • FAA
  • Find A Pilot
  • Frixo
  • IATA
  • International Civil Aviation Organization
  • Montreal Convention MC99 English
  • Nasa
  • NOAA
  • NTSB
  • RITA
  • U.S. Office of Special Counsel
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  • A night in severe turbulence: 'the most terrifying journey I have ever experienced' https://t.co/VNx4weoSEd via @WWLTV
    about 7 hours ago
  • Bus Crash in Philippines Leaves 2 Dead, 26 Injured https://t.co/1N13kUH4Yd
    about 9 hours ago
  • 2 Killed, 2 Injured After Small Plane Crashes in San Diego https://t.co/h2efRVETMw
    about 9 hours ago
  • Lufthansa Flight Returns to Munich due to Battery Issue https://t.co/OAEzvfyYIF
    about 9 hours ago
  • Norwegian Air Shuttle Flight Diverts to Porto Santo Island https://t.co/qiTnOr4hMY
    about 9 hours ago