Aircraft Values Neutralize After Descent

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Aircraft values reported in the previous quarter were in a spiral dive, but the economy’s pilot now appears to have neutralized the rapid descent. For the most part, values have arrived at ground level. Inventories have shown signs of stability with little or no growth in units for sale. Other market indicators show signs of neutralization as well. Aircraft dealers and brokers report that interest has increased. Phones are ringing more with potential buyers on the line. Compared to the 2005 baseline real gross domestic product, GDP declined 1.0 percent in the second quarter of 2009 after declining 6.4 percent in the first quarter. These indicators support the signs of neutralization in the marketplace, though the used aircraft market has no reason to rally.
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Western Aircraft Inc (BOI) Completes Interior Design Shop for Jets to Accompany Line Up of Aviation Services

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Avfuel-branded dealer and fixed-base operator Western Aircraft (BOI) has announced the completion and grand opening of its new interior shop for aircraft. The fully-operational Interior Re-Completion Center focuses on major interior refurbishments for large business jets and turboprop aircraft. The new shop occupies more than 10,000 square feet of storage space.
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Smyrna Air Center (MQY) Joins the Avfuel Network of Branded FBO Dealers on Offering Aviation Fuel and Services

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Avfuel Corporation announced that Smyrna Air Center has joined the Avfuel-branded network of FBO dealers in offering fuel and related services to the corporate and general aviation industry. In addition, Smyrna Air Center has expanded its aviation-related services to offer engine conversion capabilities through its Power90 King Air program.
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Village Requests Proposals to Provide Aircraft Services at CZG

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The Village of Endicott, located in New York's Southern Tier is offering an opportunity to provide pilot and aircraft services at Tri-Cities Airport (CZG). In addition to the base opportunity to provide these services, there are bid options to lease and operate the fuel farm, manage the Village-owned T-Hangars and maintain the airport.
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TotalFBO Complies with PCI Credit Card Security Standards

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Horizon Business Concepts, a leader in aviation business management software development, has announced its popular TotalFBO product is the first aviation business management software program to become compliant under the Payment Card Industry (PCI) Security Council’s new industry security standards for processing credit cards. The announcement comes as major oil companies begin enforcing deadlines over the next several months on FBOs and other service providers to cease use of non-PCI-compliant software and hardware.
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Advertisers, Please Approve Your Artwork for 2010 AC-U-KWIK Directories

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Attention, AC-U-KWIK advertisers! We have sent ad proofs for approval. Please make sure you review and approve the artwork for your ads in the 2010 AC-U-KWIK airport/FBO directories.

Our artwork approval deadlines are:

  • July 31 for the 2010 North American edition
  • August 21 for the 2010 International edition

Also, if you have not already turned in a signed insertion order, please do so as well.

For more information about advertising, contact Jennifer Shafer.

Bolen Expects Strong NBAA Convention

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NBAA president and CEO Ed Bolen said he is expecting the 62nd Annual Meeting & Convention to be a strong show despite stiff economic headwinds. “We are currently tracking at about 80 percent of where we were at this point last year, which is outstanding, since last year’s show set all-time records for the number of exhibitors and booth sales,” Bolen said.
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NBAA Seeks S&D Outstanding Achievement and Leadership Award Nominations

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Through Aug. 31, NBAA is accepting nominations for the second NBAA Schedulers & Dispatchers Outstanding Achievement and Leadership Award. The award recognizes an individual who shares outstanding business aviation industry expertise, provides extraordinary service, exhibits leadership and has made significant contributions to the scheduling and dispatching function.
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JetEx Opens Luxurious FBO at Le Bourget in Paris

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JetEx opened its newest luxury FBO at Le Bourget Airport (LBG/LFPB) in Paris on June 15. The new facility boasts 2 VIP lounges, crew rest rooms, full Internet access, quick and easy entrance from the apron and the largest amount of parking for executive aircraft in all of Paris. The ample parking can accommodate aircraft as large as the new Airbus A380.
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Odyssey Aviation Construction Well Underway at New Orleans Lakefront (KNEW)

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Construction on Odyssey’s new, world-class jet center at New Orleans Lakefront Airport (KNEW) is now 25 percent complete. Odyssey has come a long way since Katrina when, back in 2005, owner Ken Allison faced destruction and an uncertain future for his New Orleans FBO. Recently, Odyssey celebrated the groundbreaking on its new permanent location at the main entrance to Lakefront. By year’s end, visitors will be welcomed by a contemporary FBO in place of today’s temporary facility.
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