<![CDATA[Aviation-Forum.com - Aviation News & Rumors]]> http://www.aviation-forum.com/ Sat, 19 May 2012 10:27:07 +0000 MyBB <![CDATA[Groups rally at Duncan in support of aviation - Lincoln Journal Star]]> http://www.aviation-forum.com/Thread-Groups-rally-at-Duncan-in-support-of-aviation-Lincoln-Journal-Star Sat, 19 May 2012 04:22:49 -0400 http://www.aviation-forum.com/Thread-Groups-rally-at-Duncan-in-support-of-aviation-Lincoln-Journal-Star Groups rally at Duncan in support of aviation - Lincoln Journal Star




How important is general aviation to Nebraska? Judging by attendance at a Friday rally at Duncan Aviation, it's pretty important.




Several hundred Duncan employees, elected officials, businesspeople and other dignitaries gathered at Duncan's new paint hangar to rally in support of the general aviation industry and the jobs it supports in the state.




The rally was a joint effort among Duncan; aviation manufacturer Hamilton Sundstrand, which has a plant in York; and the General Aviation Manufacturing Association.




Pete Bunce, president and CEO of the General Aviation Manufacturing Association, pointed out that between Duncan and Hamilton Sunstrand, general aviation accounts for more than 1,400 direct jobs. Duncan employs about 1,200 people in Lincoln and Hamilton Sundstrand has 220 in York.




http://news.google.com/news/url?sa=t&fd=...3f47a.html]]> Groups rally at Duncan in support of aviation - Lincoln Journal Star




How important is general aviation to Nebraska? Judging by attendance at a Friday rally at Duncan Aviation, it's pretty important.




Several hundred Duncan employees, elected officials, businesspeople and other dignitaries gathered at Duncan's new paint hangar to rally in support of the general aviation industry and the jobs it supports in the state.




The rally was a joint effort among Duncan; aviation manufacturer Hamilton Sundstrand, which has a plant in York; and the General Aviation Manufacturing Association.




Pete Bunce, president and CEO of the General Aviation Manufacturing Association, pointed out that between Duncan and Hamilton Sunstrand, general aviation accounts for more than 1,400 direct jobs. Duncan employs about 1,200 people in Lincoln and Hamilton Sundstrand has 220 in York.




http://news.google.com/news/url?sa=t&fd=...3f47a.html]]> <![CDATA[First Aviation Announces Management Changes - Daily Markets]]> http://www.aviation-forum.com/Thread-First-Aviation-Announces-Management-Changes-Daily-Markets Fri, 18 May 2012 13:47:37 -0400 http://www.aviation-forum.com/Thread-First-Aviation-Announces-Management-Changes-Daily-Markets First Aviation Announces Management Changes - Daily Markets

WESTPORT, Conn., May 18, 2012 /PRNewswire/ — First Aviation Services Inc. (PINKSHEETS: FAVS) today announces several senior executive changes at the Company and its operating subsidiary.

Mr. Andrew R. Trosper has been named President and Chief Operating Officer of Aerospace Products International, Inc. (API) effective June 15, 2012.  Mr. Trosper has served as API’s Senior Vice President since he joined the Company in 2010.  Prior to joining API, Mr. Trosper held various positions during a twenty-two year career at Honeywell Aerospace.

Dr. Ahmed M. Metwalli, President of Aerospace Products International, Inc. and Chief Operating Officer of First Aviation, will retire from the Company effective June 15, 2012.   “We are very grateful for the five years of service that Ahmed provided API and First Aviation and the smooth transition that he coordinated with his successor,” said Mr. Hollander.  “During his tenure, Ahmed led the transformation of the company’s business portfolio which resulted in the significant profitable growth of our Supply Chain Management and Military and Government lines of business. He has also elevated the Company’s international profile and brought valuable experience to our organization. We wish Ahmed well in his future activities.”

Mr. Hollander also welcomed Mr. Trosper to his new role: “We are very fortunate to have Andy Trosper on our team. In the two years since joining API, he has added an impressive level of operational control and management expertise.  Andy is a well-tested executive who knows our industry well and we look forward to API’s future under his leadership.”

Additionally, Mr. Joshua T. Krotec has been named to the newly created position of Senior Vice President, First Aviation Services Inc.  Mr. Krotec has been with the Company since 2000, most recently serving as Vice President of Strategy & Business Development for both API and First Aviation Services.

Both Andy and Joshua will


http://news.google.com/news/url?sa=t&fd=...t-changes/]]> First Aviation Announces Management Changes - Daily Markets

WESTPORT, Conn., May 18, 2012 /PRNewswire/ — First Aviation Services Inc. (PINKSHEETS: FAVS) today announces several senior executive changes at the Company and its operating subsidiary.

Mr. Andrew R. Trosper has been named President and Chief Operating Officer of Aerospace Products International, Inc. (API) effective June 15, 2012.  Mr. Trosper has served as API’s Senior Vice President since he joined the Company in 2010.  Prior to joining API, Mr. Trosper held various positions during a twenty-two year career at Honeywell Aerospace.

Dr. Ahmed M. Metwalli, President of Aerospace Products International, Inc. and Chief Operating Officer of First Aviation, will retire from the Company effective June 15, 2012.   “We are very grateful for the five years of service that Ahmed provided API and First Aviation and the smooth transition that he coordinated with his successor,” said Mr. Hollander.  “During his tenure, Ahmed led the transformation of the company’s business portfolio which resulted in the significant profitable growth of our Supply Chain Management and Military and Government lines of business. He has also elevated the Company’s international profile and brought valuable experience to our organization. We wish Ahmed well in his future activities.”

Mr. Hollander also welcomed Mr. Trosper to his new role: “We are very fortunate to have Andy Trosper on our team. In the two years since joining API, he has added an impressive level of operational control and management expertise.  Andy is a well-tested executive who knows our industry well and we look forward to API’s future under his leadership.”

Additionally, Mr. Joshua T. Krotec has been named to the newly created position of Senior Vice President, First Aviation Services Inc.  Mr. Krotec has been with the Company since 2000, most recently serving as Vice President of Strategy & Business Development for both API and First Aviation Services.

Both Andy and Joshua will


http://news.google.com/news/url?sa=t&fd=...t-changes/]]> <![CDATA[Ajit Singh | We may downsize international operations - Livemint]]> http://www.aviation-forum.com/Thread-Ajit-Singh-We-may-downsize-international-operations-Livemint Fri, 18 May 2012 13:47:37 -0400 http://www.aviation-forum.com/Thread-Ajit-Singh-We-may-downsize-international-operations-Livemint Ajit Singh | We may downsize international operations - Livemint

Mumbai: Key office-bearers of the pilots’ union at Air India Ltd said on Friday they were returning to Mumbai from Delhi as neither the airline’s management nor the aviation ministry showed interest in resolving the dispute behind their 11-day-old strike. They had camped in Delhi to meet the airline’s management and civil aviation minister Ajit Singh to discuss their demand that only pilots belonging to Air India before it was merged with Indian Airlines be trained to fly the Boeing 787 Dreamliner, as the orders for the jets were placed before the merger.

Image loss: Singh says the strike has dented the credibility of Air India. (India Today Images)

Image loss: Singh says the strike has dented the credibility of Air India. (India Today Images)

Singh has maintained that the state-run airline’s management or officials of his ministry will talk with the Indian Pilots’ Guild only if it calls off the strike unconditionally. In an interview, he said the government will not hesitate to reduce Air India’s international flights if the strike continued too long. “A pilot’s job is to ferry passengers. They should be worrying about passengers first,” Singh said. Edited excerpts:

What is the root cause of this strike?

One could say the merger of erstwhile Indian Airlines and Air India was one of the reasons. There are several human resources issues unresolved among the pilots of both the sides. There are differences in their salary structures, perks and even promotion schedules. The differences are not just with the pilots; the case is similar for the engineers of both entities.

You said that in retrospect the merger was not a right decision.

In retrospect, I could say many things are


http://news.google.com/news/url?sa=t&fd=...ize-i.html]]> Ajit Singh | We may downsize international operations - Livemint

Mumbai: Key office-bearers of the pilots’ union at Air India Ltd said on Friday they were returning to Mumbai from Delhi as neither the airline’s management nor the aviation ministry showed interest in resolving the dispute behind their 11-day-old strike. They had camped in Delhi to meet the airline’s management and civil aviation minister Ajit Singh to discuss their demand that only pilots belonging to Air India before it was merged with Indian Airlines be trained to fly the Boeing 787 Dreamliner, as the orders for the jets were placed before the merger.

Image loss: Singh says the strike has dented the credibility of Air India. (India Today Images)

Image loss: Singh says the strike has dented the credibility of Air India. (India Today Images)

Singh has maintained that the state-run airline’s management or officials of his ministry will talk with the Indian Pilots’ Guild only if it calls off the strike unconditionally. In an interview, he said the government will not hesitate to reduce Air India’s international flights if the strike continued too long. “A pilot’s job is to ferry passengers. They should be worrying about passengers first,” Singh said. Edited excerpts:

What is the root cause of this strike?

One could say the merger of erstwhile Indian Airlines and Air India was one of the reasons. There are several human resources issues unresolved among the pilots of both the sides. There are differences in their salary structures, perks and even promotion schedules. The differences are not just with the pilots; the case is similar for the engineers of both entities.

You said that in retrospect the merger was not a right decision.

In retrospect, I could say many things are


http://news.google.com/news/url?sa=t&fd=...ize-i.html]]> <![CDATA[First Aviation Announces Management Changes - MarketWatch (press release)]]> http://www.aviation-forum.com/Thread-First-Aviation-Announces-Management-Changes-MarketWatch-press-release Fri, 18 May 2012 13:47:37 -0400 http://www.aviation-forum.com/Thread-First-Aviation-Announces-Management-Changes-MarketWatch-press-release First Aviation Announces Management Changes - MarketWatch (press release)


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WESTPORT, Conn., May 18, 2012 /PRNewswire via COMTEX/ --
First Aviation Services Inc. (pinksheets:FAVS) today announces several senior executive changes at the Company and its operating subsidiary.







Mr. Andrew R. Trosper has been named President and Chief Operating Officer of Aerospace Products International, Inc. (API) effective June 15, 2012. Mr. Trosper has served as API's Senior Vice President since he joined the Company in 2010. Prior to joining API, Mr. Trosper held various positions during a twenty-two year career at Honeywell Aerospace.






http://news.google.com/news/url?sa=t&fd=...2012-05-18]]> First Aviation Announces Management Changes - MarketWatch (press release)


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WESTPORT, Conn., May 18, 2012 /PRNewswire via COMTEX/ --
First Aviation Services Inc. (pinksheets:FAVS) today announces several senior executive changes at the Company and its operating subsidiary.







Mr. Andrew R. Trosper has been named President and Chief Operating Officer of Aerospace Products International, Inc. (API) effective June 15, 2012. Mr. Trosper has served as API's Senior Vice President since he joined the Company in 2010. Prior to joining API, Mr. Trosper held various positions during a twenty-two year career at Honeywell Aerospace.






http://news.google.com/news/url?sa=t&fd=...2012-05-18]]> <![CDATA[AvStar Aviation Group, Inc. Releases Company Activity Update - MarketWatch (press release)]]> http://www.aviation-forum.com/Thread-AvStar-Aviation-Group-Inc-Releases-Company-Activity-Update-MarketWatch-press-release--241003 Thu, 17 May 2012 15:21:19 -0400 http://www.aviation-forum.com/Thread-AvStar-Aviation-Group-Inc-Releases-Company-Activity-Update-MarketWatch-press-release--241003 AvStar Aviation Group, Inc. Releases Company Activity Update - MarketWatch (press release)


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HOUSTON, May 17, 2012 /PRNewswire via COMTEX/ --
AvStar Aviation Group, Inc. (AvStar) (otc pink:AAVGE) today released the following company activity update.







AvStar management feels it has the basis for an agreement with an auditor for the current needs of the company and the additional requirements of a commuter airline. Based upon our discussions with the auditor, we feel that all delinquent SEC reports should be filed by June 30, 2012, making us fully compliant with SEC requirements. The company will stay on the OTC Pink board while the filings are prepared. Upon filing the company will move to the OTCQB tier.





http://news.google.com/news/url?sa=t&fd=...2012-05-17]]> AvStar Aviation Group, Inc. Releases Company Activity Update - MarketWatch (press release)


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HOUSTON, May 17, 2012 /PRNewswire via COMTEX/ --
AvStar Aviation Group, Inc. (AvStar) (otc pink:AAVGE) today released the following company activity update.







AvStar management feels it has the basis for an agreement with an auditor for the current needs of the company and the additional requirements of a commuter airline. Based upon our discussions with the auditor, we feel that all delinquent SEC reports should be filed by June 30, 2012, making us fully compliant with SEC requirements. The company will stay on the OTC Pink board while the filings are prepared. Upon filing the company will move to the OTCQB tier.





http://news.google.com/news/url?sa=t&fd=...2012-05-17]]> <![CDATA[AerCap Holdings NV Announces Pricing of its Private Offering by AerCap ... - Reuters]]> http://www.aviation-forum.com/Thread-AerCap-Holdings-NV-Announces-Pricing-of-its-Private-Offering-by-AerCap-Reuters Thu, 17 May 2012 14:14:30 -0400 http://www.aviation-forum.com/Thread-AerCap-Holdings-NV-Announces-Pricing-of-its-Private-Offering-by-AerCap-Reuters AerCap Holdings NV Announces Pricing of its Private Offering by AerCap ... - Reuters


Schiphol, The Netherlands, May 17, 2012 - AerCap Holdings N.V. (NYSE: AER) (the "Company") today announced that AerCap Aviation Solutions B.V. (the "Issuer"), a wholly owned subsidiary of the Company, priced its previously announced offering of $300 million in aggregate principal amount of senior unsecured notes (the "notes"). The notes will bear interest at a rate of 6.375% per year and will mature on May 30, 2017. The transaction is expected to close on May 22, 2012, subject to the satisfaction of customary closing conditions. The notes will be guaranteed by the Company. The Issuer intends to on-lend the net proceeds from the sale of the notes to the Company and its subsidiaries, to enable the Company and its subsidiaries to acquire, invest in, finance or refinance aircraft assets and for other general corporate purposes, which will include the repayment of outstanding indebtedness.

The notes and related guarantee will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold in the United States or to any U.S. persons absent registration under the Securities Act, or pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes will be offered only to "qualified institutional buyers" under Rule 144A of the Securities Act or, outside the United States, to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes, nor shall there be any offer, solicitation or sale of any notes in any jurisdiction in which such offer,


http://news.google.com/news/url?sa=t&fd=...UG20120517]]> AerCap Holdings NV Announces Pricing of its Private Offering by AerCap ... - Reuters


Schiphol, The Netherlands, May 17, 2012 - AerCap Holdings N.V. (NYSE: AER) (the "Company") today announced that AerCap Aviation Solutions B.V. (the "Issuer"), a wholly owned subsidiary of the Company, priced its previously announced offering of $300 million in aggregate principal amount of senior unsecured notes (the "notes"). The notes will bear interest at a rate of 6.375% per year and will mature on May 30, 2017. The transaction is expected to close on May 22, 2012, subject to the satisfaction of customary closing conditions. The notes will be guaranteed by the Company. The Issuer intends to on-lend the net proceeds from the sale of the notes to the Company and its subsidiaries, to enable the Company and its subsidiaries to acquire, invest in, finance or refinance aircraft assets and for other general corporate purposes, which will include the repayment of outstanding indebtedness.

The notes and related guarantee will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold in the United States or to any U.S. persons absent registration under the Securities Act, or pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes will be offered only to "qualified institutional buyers" under Rule 144A of the Securities Act or, outside the United States, to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes, nor shall there be any offer, solicitation or sale of any notes in any jurisdiction in which such offer,


http://news.google.com/news/url?sa=t&fd=...UG20120517]]> <![CDATA[ACE Aviation announces that Due Bill trading will apply to the initial ... - PR Newswire (press release)]]> http://www.aviation-forum.com/Thread-ACE-Aviation-announces-that-Due-Bill-trading-will-apply-to-the-initial-PR-Newswire-press-release Thu, 17 May 2012 08:59:57 -0400 http://www.aviation-forum.com/Thread-ACE-Aviation-announces-that-Due-Bill-trading-will-apply-to-the-initial-PR-Newswire-press-release ACE Aviation announces that Due Bill trading will apply to the initial ... - PR Newswire (press release)





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MONTREAL, May 17, 2012 /CNW Telbec/ - ACE Aviation Holdings Inc. (ACE)
announced today that the Toronto Stock Exchange ("TSX") has determined that its "Due Bill" trading procedures will apply to
the initial distribution in the aggregate amount of $275 million (or
approximately $8.46 per share) which was announced on May 9, 2012. The
distribution is payable on June 8, 2012 and


http://news.google.com/news/url?sa=t&fd=...56435.html]]> ACE Aviation announces that Due Bill trading will apply to the initial ... - PR Newswire (press release)





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MONTREAL, May 17, 2012 /CNW Telbec/ - ACE Aviation Holdings Inc. (ACE)
announced today that the Toronto Stock Exchange ("TSX") has determined that its "Due Bill" trading procedures will apply to
the initial distribution in the aggregate amount of $275 million (or
approximately $8.46 per share) which was announced on May 9, 2012. The
distribution is payable on June 8, 2012 and


http://news.google.com/news/url?sa=t&fd=...56435.html]]> <![CDATA[Asia Aviation sets IPO price near top of range - sources - Reuters]]> http://www.aviation-forum.com/Thread-Asia-Aviation-sets-IPO-price-near-top-of-range-sources-Reuters Thu, 17 May 2012 05:20:47 -0400 http://www.aviation-forum.com/Thread-Asia-Aviation-sets-IPO-price-near-top-of-range-sources-Reuters Asia Aviation sets IPO price near top of range - sources - Reuters

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.


NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.



http://news.google.com/news/url?sa=t&fd=...QU20120517]]> Asia Aviation sets IPO price near top of range - sources - Reuters

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.


NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.



http://news.google.com/news/url?sa=t&fd=...QU20120517]]> <![CDATA[Aviation Ministry convenes meeting of recognised AI unions - Daily News & Analysis]]> http://www.aviation-forum.com/Thread-Aviation-Ministry-convenes-meeting-of-recognised-AI-unions-Daily-News-Analysis Thu, 17 May 2012 01:49:31 -0400 http://www.aviation-forum.com/Thread-Aviation-Ministry-convenes-meeting-of-recognised-AI-unions-Daily-News-Analysis Aviation Ministry convenes meeting of recognised AI unions - Daily News & Analysis

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With no end in sight to the pilots' strike that entered 10th day on Thursday, the Civil Aviation Ministry has convened a meeting of all recognised trade unions of Air India next week to discuss issues relating to career progression and pay-scales.


"I am calling a meeting of all the recognised trade unions of Air India next week to discuss the career progression issues, including promotions also," Civil Aviation Minister Ajit Singh told reporters in Delhi.

The move is aimed at checking further labour trouble and garnering support for the process of implementing the post-merger integration of Air India employees, as resentment is expected over salaries and career progression issues.

The Dharmadhikari Committee, which has recommended several measures on HR integration issues in post-merger Air India, is likely to be taken up for discussion at the meeting.

However, the Indian Pilots Guild (IPG), which has been de-recognised by the airline for leading the pilots' stir over similar issues, is not likely to be part of the discussion as only "recognised" unions are being invited.

With the Civil Aviation Minister offering to hold talks unconditionally and promising that the airline would not be vindictive, the IPG has also stated they were open to talks to resolve the deadlock, but wanted the sacking of 71 of their colleagues and its derecognition to be revoked.



http://news.google.com/news/url?sa=t&fd=...ns_1689973]]> Aviation Ministry convenes meeting of recognised AI unions - Daily News & Analysis

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With no end in sight to the pilots' strike that entered 10th day on Thursday, the Civil Aviation Ministry has convened a meeting of all recognised trade unions of Air India next week to discuss issues relating to career progression and pay-scales.


"I am calling a meeting of all the recognised trade unions of Air India next week to discuss the career progression issues, including promotions also," Civil Aviation Minister Ajit Singh told reporters in Delhi.

The move is aimed at checking further labour trouble and garnering support for the process of implementing the post-merger integration of Air India employees, as resentment is expected over salaries and career progression issues.

The Dharmadhikari Committee, which has recommended several measures on HR integration issues in post-merger Air India, is likely to be taken up for discussion at the meeting.

However, the Indian Pilots Guild (IPG), which has been de-recognised by the airline for leading the pilots' stir over similar issues, is not likely to be part of the discussion as only "recognised" unions are being invited.

With the Civil Aviation Minister offering to hold talks unconditionally and promising that the airline would not be vindictive, the IPG has also stated they were open to talks to resolve the deadlock, but wanted the sacking of 71 of their colleagues and its derecognition to be revoked.



http://news.google.com/news/url?sa=t&fd=...ns_1689973]]> <![CDATA[High Performance Aviation, LLC, Announces Relocation to Sugar Land, Texas - Houston Chronicle]]> http://www.aviation-forum.com/Thread-High-Performance-Aviation-LLC-Announces-Relocation-to-Sugar-Land-Texas-Houston-Chronicle Wed, 16 May 2012 17:23:25 -0400 http://www.aviation-forum.com/Thread-High-Performance-Aviation-LLC-Announces-Relocation-to-Sugar-Land-Texas-Houston-Chronicle High Performance Aviation, LLC, Announces Relocation to Sugar Land, Texas - Houston Chronicle


High Performance Aviation, LLC, a leader in the Technically Advanced Aircraft (TAA) flight training industry, has relocated its headquarters from Conroe, Texas to Sugar Land, Texas.

Houston, TX (PRWEB) May 16, 2012

High Performance Aviation, LLC has provided factory accepted flight training for aircraft owners throughout North America from the Lone Star Executive (Conroe, Texas) Airport for the previous two years. Now, High Performance Aviation is announcing its relocation to the Sugar Land Regional Airport so it will have a more prominent flight training base in the Houston area.

High Performance Aviation, LLC (HPA) is announcing it has moved to the Sugar Land Regional Airport from the Lone Star Executive Airport. HPA is a specialized flight training company that provides transition training, recurrent proficiency training, and insurance checkouts for aircraft owners. The company specializes in Cessna, Columbia, and Cirrus aircraft, equipped with Avidyne or Garmin G1000 glass cockpits. HPA prides itself in designing custom courses for any technically advanced aircraft.

The company was founded by its current president, Brandon Ray, in Conroe, Texas at the Lone Star Executive Airport. “HPA has a diverse client base of aircraft owners in the Houston area and throughout the nation," he says. "Sugar Land Regional Airport (KSGR) is one of the top rated airports in the country, featuring many amenities for pilots and aircraft owners.”

The relocation to the Sugar Land Regional Airport in Sugar Land, Texas will provide HPA more visibility in the flight training community. Ray goes on to say: “Many of our clients are based at Sugar Land. Our new location will allow us to better serve our current and future clients.”

When a pilot purchases a new airplane, he or she needs to have training in the plane in order to


http://news.google.com/news/url?sa=t&fd=...562725.php]]> High Performance Aviation, LLC, Announces Relocation to Sugar Land, Texas - Houston Chronicle


High Performance Aviation, LLC, a leader in the Technically Advanced Aircraft (TAA) flight training industry, has relocated its headquarters from Conroe, Texas to Sugar Land, Texas.

Houston, TX (PRWEB) May 16, 2012

High Performance Aviation, LLC has provided factory accepted flight training for aircraft owners throughout North America from the Lone Star Executive (Conroe, Texas) Airport for the previous two years. Now, High Performance Aviation is announcing its relocation to the Sugar Land Regional Airport so it will have a more prominent flight training base in the Houston area.

High Performance Aviation, LLC (HPA) is announcing it has moved to the Sugar Land Regional Airport from the Lone Star Executive Airport. HPA is a specialized flight training company that provides transition training, recurrent proficiency training, and insurance checkouts for aircraft owners. The company specializes in Cessna, Columbia, and Cirrus aircraft, equipped with Avidyne or Garmin G1000 glass cockpits. HPA prides itself in designing custom courses for any technically advanced aircraft.

The company was founded by its current president, Brandon Ray, in Conroe, Texas at the Lone Star Executive Airport. “HPA has a diverse client base of aircraft owners in the Houston area and throughout the nation," he says. "Sugar Land Regional Airport (KSGR) is one of the top rated airports in the country, featuring many amenities for pilots and aircraft owners.”

The relocation to the Sugar Land Regional Airport in Sugar Land, Texas will provide HPA more visibility in the flight training community. Ray goes on to say: “Many of our clients are based at Sugar Land. Our new location will allow us to better serve our current and future clients.”

When a pilot purchases a new airplane, he or she needs to have training in the plane in order to


http://news.google.com/news/url?sa=t&fd=...562725.php]]> <![CDATA[CAE acquires Oxford Aviation Academy for C$314 million strengthening its ... - MarketWatch (press release)]]> http://www.aviation-forum.com/Thread-CAE-acquires-Oxford-Aviation-Academy-for-C-314-million-strengthening-its-MarketWatch-press-release--240180 Wed, 16 May 2012 16:14:49 -0400 http://www.aviation-forum.com/Thread-CAE-acquires-Oxford-Aviation-Academy-for-C-314-million-strengthening-its-MarketWatch-press-release--240180 CAE acquires Oxford Aviation Academy for C$314 million strengthening its ... - MarketWatch (press release)


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MONTREAL, CANADA, May 16, 2012 (MARKETWIRE via COMTEX) --



/quotes/zigman/16785/quotes/nls/cae CAE
-0.90%





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MONTREAL, CANADA, May 16, 2012 (MARKETWIRE via COMTEX) --



/quotes/zigman/16785/quotes/nls/cae CAE
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http://news.google.com/news/url?sa=t&fd=..._news_stmp]]> <![CDATA[More Turbulence for India's Aviation Sector - Knowledge@Wharton]]> http://www.aviation-forum.com/Thread-More-Turbulence-for-India-s-Aviation-Sector-Knowledge-Wharton Wed, 16 May 2012 16:14:49 -0400 http://www.aviation-forum.com/Thread-More-Turbulence-for-India-s-Aviation-Sector-Knowledge-Wharton More Turbulence for India's Aviation Sector - Knowledge@Wharton

The Indian aviation industry is in turbulence — yet again. For over a week now, the government-owned carrier Air India has been under siege with a section of its pilots on strike. The pilots are agitating over a dispute regarding training, which they say impacts their career advancement prospects adversely. With around 350 pilots reporting sick, Air India has cancelled most of its international flights. It is estimated to be incurring losses to the tune of Rs. 12 crore (US$2.2 million) a day.

Taking swift action, the management derecognized the pilot’s union and has also fired a few of the agitators. The strike has been declared illegal by the Delhi High Court. But the striking pilots have refused to buckle. Meanwhile, Air India’s Executive Pilots Association (EPA) is supporting the agitators, and private airline Jet Airways’ Society for Welfare of Indian Pilots (SWIP) has also asked for the reinstatement of the fired Air India pilots.

This ongoing agitation has only added to the woes of the cash-strapped airline. Just last month, the government cleared a US$5.75 billion bailout for the ailing carrier and is now unwilling to pander to the striking pilots. Talking to a television news channel recently, Ajit Singh, union minister of aviation, noted firmly that the pilots need to consider that Air india “is already on the sick bed and should not go to the ICU [intensive care unit].”

Singh went on to say that all employees and all unions have to co-operate in an effort to make Air India stand on its feet. He warned: “Otherwise it will not stay afloat. They have to realize that if they do not rise above their personal interests, then Air India will sink, and with that all of them will sink.”

Talking to daily


http://news.google.com/news/url?sa=t&fd=...on-sector/]]> More Turbulence for India's Aviation Sector - Knowledge@Wharton

The Indian aviation industry is in turbulence — yet again. For over a week now, the government-owned carrier Air India has been under siege with a section of its pilots on strike. The pilots are agitating over a dispute regarding training, which they say impacts their career advancement prospects adversely. With around 350 pilots reporting sick, Air India has cancelled most of its international flights. It is estimated to be incurring losses to the tune of Rs. 12 crore (US$2.2 million) a day.

Taking swift action, the management derecognized the pilot’s union and has also fired a few of the agitators. The strike has been declared illegal by the Delhi High Court. But the striking pilots have refused to buckle. Meanwhile, Air India’s Executive Pilots Association (EPA) is supporting the agitators, and private airline Jet Airways’ Society for Welfare of Indian Pilots (SWIP) has also asked for the reinstatement of the fired Air India pilots.

This ongoing agitation has only added to the woes of the cash-strapped airline. Just last month, the government cleared a US$5.75 billion bailout for the ailing carrier and is now unwilling to pander to the striking pilots. Talking to a television news channel recently, Ajit Singh, union minister of aviation, noted firmly that the pilots need to consider that Air india “is already on the sick bed and should not go to the ICU [intensive care unit].”

Singh went on to say that all employees and all unions have to co-operate in an effort to make Air India stand on its feet. He warned: “Otherwise it will not stay afloat. They have to realize that if they do not rise above their personal interests, then Air India will sink, and with that all of them will sink.”

Talking to daily


http://news.google.com/news/url?sa=t&fd=...on-sector/]]> <![CDATA[CAE acquires Oxford Aviation Academy for C$314 million strengthening its ... - MarketWatch (press release)]]> http://www.aviation-forum.com/Thread-CAE-acquires-Oxford-Aviation-Academy-for-C-314-million-strengthening-its-MarketWatch-press-release--240085 Wed, 16 May 2012 13:10:22 -0400 http://www.aviation-forum.com/Thread-CAE-acquires-Oxford-Aviation-Academy-for-C-314-million-strengthening-its-MarketWatch-press-release--240085 CAE acquires Oxford Aviation Academy for C$314 million strengthening its ... - MarketWatch (press release)


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http://news.google.com/news/url?sa=t&fd=..._news_stmp]]> <![CDATA[CAE acquires Oxford Aviation Academy for C$314 million strengthening its ... - MarketWatch (press release)]]> http://www.aviation-forum.com/Thread-CAE-acquires-Oxford-Aviation-Academy-for-C-314-million-strengthening-its-MarketWatch-press-release--240086 Wed, 16 May 2012 13:10:10 -0400 http://www.aviation-forum.com/Thread-CAE-acquires-Oxford-Aviation-Academy-for-C-314-million-strengthening-its-MarketWatch-press-release--240086 CAE acquires Oxford Aviation Academy for C$314 million strengthening its ... - MarketWatch (press release)


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http://news.google.com/news/url?sa=t&fd=..._news_stmp]]> <![CDATA[3 pilots resume duty on Day 9 of Air India strike - The Hindu]]> http://www.aviation-forum.com/Thread-3-pilots-resume-duty-on-Day-9-of-Air-India-strike-The-Hindu Wed, 16 May 2012 12:07:48 -0400 http://www.aviation-forum.com/Thread-3-pilots-resume-duty-on-Day-9-of-Air-India-strike-The-Hindu 3 pilots resume duty on Day 9 of Air India strike - The Hindu


Three Air India pilots, who had reported sick, resumed duty on Wednesday in the first sign of an end to the nine-day stir by over 200 pilots, whose union said they were open to talks with the government to resolve the deadlock.

An Air India spokesperson said, “Three sick pilots have resumed duty today”, but the Indian Pilots Guild, spearheading the agitation, claimed that they were not its members and accused the management of trying to create a rift and confusion among their ranks.

With Civil Aviation Minister Ajit Singh offering to hold talks unconditionally and promising that the airline would not be vindictive, the IPG said in a statement it was “open to meeting with officials of the management and/or Ministry at any place at any time in order to resolve these issues and bring an end to the current impasse.”

Hit by the pilots stir, the airline put into operation curtailed international services to Europe and North America as part of a contingency plan. There was no end to the woes of passengers who either could not find a seat in another airline or found the ticket cost prohibitive.

“The strike continues... We don’t want pilots to be martyred,” IPG president and Nationalist Congress Party MLA Jitendra Ahwad told PTI when asked whether they were willing to call off their agitation that has led to a revenue loss of over Rs. 150 crore to the loss-making carrier besides causing inconvenience to passengers.

Mr. Singh had on Tuesday promised to hear the pilots’ grievances and appealed to them to return to work, saying they had the “last chance” to revive the “almost bankrupt” airline. The pilots’ stir had figured in Parliament with members, cutting across party lines, urging the protestors to get


http://news.google.com/news/url?sa=t&fd=...425778.ece]]> 3 pilots resume duty on Day 9 of Air India strike - The Hindu


Three Air India pilots, who had reported sick, resumed duty on Wednesday in the first sign of an end to the nine-day stir by over 200 pilots, whose union said they were open to talks with the government to resolve the deadlock.

An Air India spokesperson said, “Three sick pilots have resumed duty today”, but the Indian Pilots Guild, spearheading the agitation, claimed that they were not its members and accused the management of trying to create a rift and confusion among their ranks.

With Civil Aviation Minister Ajit Singh offering to hold talks unconditionally and promising that the airline would not be vindictive, the IPG said in a statement it was “open to meeting with officials of the management and/or Ministry at any place at any time in order to resolve these issues and bring an end to the current impasse.”

Hit by the pilots stir, the airline put into operation curtailed international services to Europe and North America as part of a contingency plan. There was no end to the woes of passengers who either could not find a seat in another airline or found the ticket cost prohibitive.

“The strike continues... We don’t want pilots to be martyred,” IPG president and Nationalist Congress Party MLA Jitendra Ahwad told PTI when asked whether they were willing to call off their agitation that has led to a revenue loss of over Rs. 150 crore to the loss-making carrier besides causing inconvenience to passengers.

Mr. Singh had on Tuesday promised to hear the pilots’ grievances and appealed to them to return to work, saying they had the “last chance” to revive the “almost bankrupt” airline. The pilots’ stir had figured in Parliament with members, cutting across party lines, urging the protestors to get


http://news.google.com/news/url?sa=t&fd=...425778.ece]]> <![CDATA[Safety belt alert: See how many pilots showed up drunk at work - NDTV]]> http://www.aviation-forum.com/Thread-Safety-belt-alert-See-how-many-pilots-showed-up-drunk-at-work-NDTV Wed, 16 May 2012 06:44:04 -0400 http://www.aviation-forum.com/Thread-Safety-belt-alert-See-how-many-pilots-showed-up-drunk-at-work-NDTV Safety belt alert: See how many pilots showed up drunk at work - NDTV


New Delhi:  Fourteen pilots and 31 cabin crew members were found reporting for duty under the influence of alcohol till March this year, Civil Aviation Minister Ajit Singh said on Wednesday.

Of the total 14 pilots and 31 cabin crew who failed the pre-flight breath analyser test, a large number of pilots and cabin crew were of Jet Airways, he said in reply to a question in Lok Sabha.

This year between January and March, four pilots and 10 cabin crew of Jet Airways reported for duty under the influence of alcohol.

Two pilots and nine cabin crew of IndiGo airlines, three pilots and cabin crew each of Air India, two pilots and three cabin crew of SpiceJet, one pilot and three cabin crew of JetLite and two pilots and one cabin crew of Kingfisher Airlines failed the pre-flight breath analyser test.

No pilot of GoAir and Air India Express failed the alcohol test but one cabin crew each of both these airlines were caught reporting for duty at the airport under the influence of alcohol, Mr Singh said in a written reply.

Last year in January and March, the number of pilots and cabin crew was four and 21 respectively.

Mr Singh said the Civil Aviation regulator DGCA has amended the relevant Civil Aviation Requirement (CAR) under which strict action will be taken like suspension of licences for three months for first offence and for five years in case they are tested positive during the pre flight medical examination for the second time.

For flights originating in India, the regulation requires 100 per cent


http://news.google.com/news/url?sa=t&fd=...ork-211684]]> Safety belt alert: See how many pilots showed up drunk at work - NDTV


New Delhi:  Fourteen pilots and 31 cabin crew members were found reporting for duty under the influence of alcohol till March this year, Civil Aviation Minister Ajit Singh said on Wednesday.

Of the total 14 pilots and 31 cabin crew who failed the pre-flight breath analyser test, a large number of pilots and cabin crew were of Jet Airways, he said in reply to a question in Lok Sabha.

This year between January and March, four pilots and 10 cabin crew of Jet Airways reported for duty under the influence of alcohol.

Two pilots and nine cabin crew of IndiGo airlines, three pilots and cabin crew each of Air India, two pilots and three cabin crew of SpiceJet, one pilot and three cabin crew of JetLite and two pilots and one cabin crew of Kingfisher Airlines failed the pre-flight breath analyser test.

No pilot of GoAir and Air India Express failed the alcohol test but one cabin crew each of both these airlines were caught reporting for duty at the airport under the influence of alcohol, Mr Singh said in a written reply.

Last year in January and March, the number of pilots and cabin crew was four and 21 respectively.

Mr Singh said the Civil Aviation regulator DGCA has amended the relevant Civil Aviation Requirement (CAR) under which strict action will be taken like suspension of licences for three months for first offence and for five years in case they are tested positive during the pre flight medical examination for the second time.

For flights originating in India, the regulation requires 100 per cent


http://news.google.com/news/url?sa=t&fd=...ork-211684]]> <![CDATA[Amadeus and OAG launch market-leading daily airline schedule updates for ... - MarketWatch (press release)]]> http://www.aviation-forum.com/Thread-Amadeus-and-OAG-launch-market-leading-daily-airline-schedule-updates-for-MarketWatch-press-release Wed, 16 May 2012 06:44:04 -0400 http://www.aviation-forum.com/Thread-Amadeus-and-OAG-launch-market-leading-daily-airline-schedule-updates-for-MarketWatch-press-release Amadeus and OAG launch market-leading daily airline schedule updates for ... - MarketWatch (press release)


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MADRID, May 16, 2012 /PRNewswire via COMTEX/ --
OAG, the global leader in aviation intelligence, and Amadeus, a leading travel technology partner and transaction processor for the global travel and tourism industry, today announce a new enhancement to provide best-in-class airline schedule information. Under the agreement, OAG now provides to Amadeus a daily transmission of schedule data files. OAG's data is used globally by Amadeus-served travel management companies, travel websites, and agencies.

















http://news.google.com/news/url?sa=t&fd=...2012-05-16]]> Amadeus and OAG launch market-leading daily airline schedule updates for ... - MarketWatch (press release)


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MADRID, May 16, 2012 /PRNewswire via COMTEX/ --
OAG, the global leader in aviation intelligence, and Amadeus, a leading travel technology partner and transaction processor for the global travel and tourism industry, today announce a new enhancement to provide best-in-class airline schedule information. Under the agreement, OAG now provides to Amadeus a daily transmission of schedule data files. OAG's data is used globally by Amadeus-served travel management companies, travel websites, and agencies.

















http://news.google.com/news/url?sa=t&fd=...2012-05-16]]> <![CDATA[Indian Airlines Snub Europe's Emissions Rule - New York Times (blog)]]> http://www.aviation-forum.com/Thread-Indian-Airlines-Snub-Europe-s-Emissions-Rule-New-York-Times-blog Wed, 16 May 2012 00:54:37 -0400 http://www.aviation-forum.com/Thread-Indian-Airlines-Snub-Europe-s-Emissions-Rule-New-York-Times-blog Indian Airlines Snub Europe's Emissions Rule - New York Times (blog)

Indian and Chinese airlines failed to submit carbon-dioxide emissions data for 2011, “disregarding European rules that seek to expand the region’s emissions trading system to include aviation,” Bloomberg News reports.

There has been “systematic non-reporting” of emissions to and from Europe from 10 airlines based in India and China, the European Commission said Tuesday in a statement on its Web site.

The European Union expanded its Emissions Trading Scheme in January to include airlines, Bloomberg reports. “The new rules require carriers to submit data on their carbon emissions for last year, although carbon permits are not required for 2011 emissions.”

The inclusion of airlines in the E.T.S. triggered opposition from countries including the United States, China and Russia. They said the European Union should let a United Nations agency, the International Civil Aviation Organization, decide on greenhouse-gas limits for the industry.

The Chinese and Indian airlines represent less than 3 percent of the sector’s emissions, said Connie Hedegaard, the European climate commissioner. Eight airlines in China and two in India have until mid-June to submit the data, she said. The remaining airlines reported last year’s emissions by the March 31 deadline, the commission said in the statement. More than 1,200 emissions reports have been submitted from airlines, it said.



http://news.google.com/news/url?sa=t&fd=...ions-rule/]]> Indian Airlines Snub Europe's Emissions Rule - New York Times (blog)

Indian and Chinese airlines failed to submit carbon-dioxide emissions data for 2011, “disregarding European rules that seek to expand the region’s emissions trading system to include aviation,” Bloomberg News reports.

There has been “systematic non-reporting” of emissions to and from Europe from 10 airlines based in India and China, the European Commission said Tuesday in a statement on its Web site.

The European Union expanded its Emissions Trading Scheme in January to include airlines, Bloomberg reports. “The new rules require carriers to submit data on their carbon emissions for last year, although carbon permits are not required for 2011 emissions.”

The inclusion of airlines in the E.T.S. triggered opposition from countries including the United States, China and Russia. They said the European Union should let a United Nations agency, the International Civil Aviation Organization, decide on greenhouse-gas limits for the industry.

The Chinese and Indian airlines represent less than 3 percent of the sector’s emissions, said Connie Hedegaard, the European climate commissioner. Eight airlines in China and two in India have until mid-June to submit the data, she said. The remaining airlines reported last year’s emissions by the March 31 deadline, the commission said in the statement. More than 1,200 emissions reports have been submitted from airlines, it said.



http://news.google.com/news/url?sa=t&fd=...ions-rule/]]> <![CDATA[Ajit Singh draws flak for making policy statements outside House - Times of India]]> http://www.aviation-forum.com/Thread-Ajit-Singh-draws-flak-for-making-policy-statements-outside-House-Times-of-India Tue, 15 May 2012 21:08:36 -0400 http://www.aviation-forum.com/Thread-Ajit-Singh-draws-flak-for-making-policy-statements-outside-House-Times-of-India Ajit Singh draws flak for making policy statements outside House - Times of India

NEW DELHI: Civil aviation minister Ajit Singh came under scathing attack from opposition benches in Lok Sabha on Tuesday over his statements on policy outside Parliament, including privatization of the national carrier.

Demanding an explanation from Singh, the Opposition threatened to bring a privilege motion against him for speaking on policy issues on civil aviation outside when the House was in session. They also wanted to know what the government was doing to resolve the eight-day-long impasse, with more than 70 pilots being sacked so far for their stir.

The protests, led by Leader of the Opposition Sushma Swaraj, climaxed in adjournment of the House ahead of the lunch recess with the Opposition objecting to Singh's absence and asking Speaker Meira Kumar to direct the government to bring him to the House.

Swaraj joined the members of her party BJP, CPI(M), CPI and JD-U in saying that Singh's remarks to the media on policy matters like privatization amounted to breach of "propriety of the House and hence its privilege".

She said even when Singh had not replied to a discussion on Air India and the ongoing strike in the House, "he is making statements on policy matters outside".

The Speaker said a discussion was already scheduled later in the day and the minister would respond to them at that time. "How can I direct the government? If I receive a notice (of breach of privilege), I can look into it," Kumar said.

Permitting Basudeb Acharia (CPM) to raise the issue in Zero Hour, she said she had rejected his adjournment notice.

Raising the matter, Acharia said Singh was making statements "clearly indicating" privatization of Air India, a state-run undertaking. "The minister's only motive is


http://news.google.com/news/url?sa=t&fd=...159520.cms]]> Ajit Singh draws flak for making policy statements outside House - Times of India

NEW DELHI: Civil aviation minister Ajit Singh came under scathing attack from opposition benches in Lok Sabha on Tuesday over his statements on policy outside Parliament, including privatization of the national carrier.

Demanding an explanation from Singh, the Opposition threatened to bring a privilege motion against him for speaking on policy issues on civil aviation outside when the House was in session. They also wanted to know what the government was doing to resolve the eight-day-long impasse, with more than 70 pilots being sacked so far for their stir.

The protests, led by Leader of the Opposition Sushma Swaraj, climaxed in adjournment of the House ahead of the lunch recess with the Opposition objecting to Singh's absence and asking Speaker Meira Kumar to direct the government to bring him to the House.

Swaraj joined the members of her party BJP, CPI(M), CPI and JD-U in saying that Singh's remarks to the media on policy matters like privatization amounted to breach of "propriety of the House and hence its privilege".

She said even when Singh had not replied to a discussion on Air India and the ongoing strike in the House, "he is making statements on policy matters outside".

The Speaker said a discussion was already scheduled later in the day and the minister would respond to them at that time. "How can I direct the government? If I receive a notice (of breach of privilege), I can look into it," Kumar said.

Permitting Basudeb Acharia (CPM) to raise the issue in Zero Hour, she said she had rejected his adjournment notice.

Raising the matter, Acharia said Singh was making statements "clearly indicating" privatization of Air India, a state-run undertaking. "The minister's only motive is


http://news.google.com/news/url?sa=t&fd=...159520.cms]]> <![CDATA[Saker Aviation Services, Inc. Announces Financial Results For The Three Months ... - Sacramento Bee]]> http://www.aviation-forum.com/Thread-Saker-Aviation-Services-Inc-Announces-Financial-Results-For-The-Three-Months-Sacramento-Bee Tue, 15 May 2012 16:03:31 -0400 http://www.aviation-forum.com/Thread-Saker-Aviation-Services-Inc-Announces-Financial-Results-For-The-Three-Months-Sacramento-Bee Saker Aviation Services, Inc. Announces Financial Results For The Three Months ... - Sacramento Bee



WILKES-BARRE, Pa. and SCRANTON, Pa., May 15, 2012 -- /PRNewswire/ -- Saker Aviation Services, Inc. (SKAS.OB), an aviation services company specializing in ground-based services to the general aviation marketplace, today announced its financial results for the three months ended March 31, 2012.

Revenue increased by 13.4 percent to $3,146,075 for the three months ended March 31, 2012 as compared with corresponding prior-year period revenue of $2,775,218.  The primary drivers of the increase were revenue associated with the operation of the Downtown Manhattan Heliport and revenue associated with the sale of fuel and related items.  Heliport revenue increased by 11.4 percent to $1,501,006 and revenue associated with the sale of fuel and related items increased by 19.9 percent to $1,533,209. 

Net income for the three months ended March 31, 2012 was $47,351, as compared to a net loss of $36,298 in the same period in 2011, an improvement of $83,649.



"We are pleased to post another reporting period of increased revenue and sustained profitability," stated Ron Ricciardi, the Company's President and CEO.  "Our heliport continues its outstanding performance and our traditional FBOs remain on pace to rebound from the macro-economic market conditions of the past few years.  At the heliport, favorable weather conditions in 2012 as compared to 2011 were much more conducive to the tourist traffic that drives our business there.  The traditional FBOs experienced overall fuel volume growth, continuing the momentum established in 2011.  We also experienced higher fuel costs in 2012 as compared to 2011.  We generally price our fuel products on a fixed dollar margin basis.  As the cost of fuel increases, the corresponding customer price increases


http://news.google.com/news/url?sa=t&fd=...unces.html]]> Saker Aviation Services, Inc. Announces Financial Results For The Three Months ... - Sacramento Bee



WILKES-BARRE, Pa. and SCRANTON, Pa., May 15, 2012 -- /PRNewswire/ -- Saker Aviation Services, Inc. (SKAS.OB), an aviation services company specializing in ground-based services to the general aviation marketplace, today announced its financial results for the three months ended March 31, 2012.

Revenue increased by 13.4 percent to $3,146,075 for the three months ended March 31, 2012 as compared with corresponding prior-year period revenue of $2,775,218.  The primary drivers of the increase were revenue associated with the operation of the Downtown Manhattan Heliport and revenue associated with the sale of fuel and related items.  Heliport revenue increased by 11.4 percent to $1,501,006 and revenue associated with the sale of fuel and related items increased by 19.9 percent to $1,533,209. 

Net income for the three months ended March 31, 2012 was $47,351, as compared to a net loss of $36,298 in the same period in 2011, an improvement of $83,649.



"We are pleased to post another reporting period of increased revenue and sustained profitability," stated Ron Ricciardi, the Company's President and CEO.  "Our heliport continues its outstanding performance and our traditional FBOs remain on pace to rebound from the macro-economic market conditions of the past few years.  At the heliport, favorable weather conditions in 2012 as compared to 2011 were much more conducive to the tourist traffic that drives our business there.  The traditional FBOs experienced overall fuel volume growth, continuing the momentum established in 2011.  We also experienced higher fuel costs in 2012 as compared to 2011.  We generally price our fuel products on a fixed dollar margin basis.  As the cost of fuel increases, the corresponding customer price increases


http://news.google.com/news/url?sa=t&fd=...unces.html]]>