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When the freak October snowstorm hit the northeast JetBlue had five flights diverted to Hartford and there are stories that the planes were on the tarmac longer than three hours. Ironically the regulation that allows for no more than a three hour wait on a tarmac was imposed on all carriers after a similar incident [...] For anyone considering purchasing an airplane in the near future, the time is now. The tax incentives that have helped the aircraft manufacturing and sales companies are being reduced after December 31, 2011. There was a 100% depreciation being offered up to that day but it will be reduced to 50% in 2012. You are [...] Senator Jerry Moran of Kansas and cosigners have sent a letter to President Obama about the plan for placing user fees on general aviation aircraft in an effort to reduce the deficit. The letter points out that general aviation pays fuel taxes and the senators believe that is how revenues for the federal government should [...] The major airlines have released their third quarter profits and it’s not a pretty sight. Southwest Airlines had a fuel related loss as its fuel hedge portfolio took a hit. Delta, also based in Texas, had just fuel cost related pressure on its profits. The US Airways group reported a revenue increase of .3 billion, [...] |
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