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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Capital City Jet Center Stresses Customer Service in Columbus

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Since Bolton Field opened in Columbus, Ohio, in 1969, several companies have provided FBO services there. But none established a true high-end corporate jet facility. At times, good customer service was nonexistent. Aircraft would land, pull up to the gate and be greeted by an empty passenger terminal. The flight crews would be left to wander around the airport looking for line service, only to be told, “Sorry, we’re out of fuel.” Those days have changed.
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Jeff Hammonds Named GM of All Divisions of The Hammonds Companies

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Jeff Hammonds has been appointed general manager for The Hammonds Companies, a Houston-based manufacturer involved in the ground support industry. FabCorp, a global fabrication and machining company also headquartered in Houston, now owns The Hammonds Companies. FabCorp CEO Allan Hohman made the staffing announcement this week. "In the short time I’ve worked with Jeff, I've come to trust and rely on his professional judgment," Hohman said.
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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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Christopher Wray Leads Banyan into Falcon Maintenance

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Banyan Air Service at Fort Lauderdale Executive Airport has hired Christopher Wray as its new Falcon crew leader. "Banyan is extremely pleased to welcome Chris Wray to our team as our new Falcon crew leader," director of maintenance Dave Valenta said. "With his more than 35 years experience in the service, inspection, maintenance and operations of corporate aircraft, he brings a wealth of knowledge and experience."
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