AINonline
• Amy Wilder
As wealth passes to younger high-net-worth individuals, business aviation demand could shift toward charter rather than aircraft ownership. Avoiding the capital-gains tax burden and capital commitment associated with owning an aircraft may make on-demand access more attractive to the next generation of affluent travelers.
BizAv
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As wealth passes to younger high-net-worth individuals, business aviation demand could shift toward charter rather than aircraft ownership. Avoiding the capital-gains tax burden and capital commitment associated with owning an aircraft may make on-demand access more attractive to the next generation of affluent travelers.
The FAA is proposing changes to oxygen-mask requirements for Part 135 and Part 91 operators, saying the revisions could save the sectors millions of dollars annually. The proposal would ease compliance costs while changing existing safety requirements for business and general aviation operations.
The FAA proposed civil penalties of $87,000 against Comfylife for an alleged hazardous-materials violation and $260,868 against ExcelAire for allegedly unauthorized charter operations. Separately, Nigerian ground handlers withdrew services from XEJET over an estimated N300 million ($218,000) debt, disrupting the airline’s ground operations.
NetJets is seeking to build an 8,000-square-foot private terminal near Austin-Bergstrom International Airport in Texas, according to a recent public filing. The proposed facility would expand the operator’s dedicated ground infrastructure at one of the country’s growing business aviation gateways.
Business aviation groups are seeking access to the safety data behind the FAA’s decision to rescind single-pilot authorizations for certain Cessna Citation aircraft. Operators say the sweeping policy change could affect flight operations and are pressing the agency for transparency on its risk assessment.
The FAA is rescinding exemptions dating to 1984 that allowed single-pilot operation of eight transport-category Cessna Citation models. The agency’s review of 18 years of accident data identified elevated safety concerns and widespread noncompliance with training and oversight requirements.
The NTSB said a Cessna Citation V overran the runway after its crew initiated a rejected takeoff above V1, the decision speed beyond which stopping may not be possible. Snow-covered runway conditions and an overweight aircraft compounded the event, highlighting the risks of late rejected-takeoff decisions.
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The FAA will rescind exemptions allowing single-pilot operations on certain older Cessna Citation models after finding widespread training and operational noncompliance, alongside broader safety concerns. NBAA and the Citation Jet Pilots Owner Pilot Association are questioning the sudden return to two-pilot requirements.
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