News In Brief
April 26, 2011 Leave a comment
by Sean Belk, Staff Writer
• JetFlite International has added a Challenger 601 aircraft to its charter fleet. Headquartered at the Long Beach Airport, JetFlite is a worldwide provider of aircraft management and charter services. The Challenger 601 is based in New York at the JetFlite International Center in Farmingdale and is available for charter operations. The Challenger 601 is capable of flying nonstop from Los Angeles to New York and can typically accommodate as many as 12 passengers.
• The National Labor Relations Board issued a complaint against Boeing, alleging the aerospace giant violated federal labor law by deciding to transfer a second production line of its 787 Dreamliner, which had been planned to be solely manufactured in Everett, Washington, to a non-union facility in South Carolina. The NLRB claims the move was discriminatory against the International Association of Machinists and Aerospace Workers (IAM). In a statement, Boeing said it would vigorously contest the claims and called the complaint “legally frivolous.”
• Allegiant has announced it would borrow $125 million this year under a senior secured term loan arranged through Citadel Securities. The loan has a six-year term and bears interest on a London Interbank Offered Rate or prime rate. The initial interest rate is 5.75 percent. In connection with the borrowing, the company made early payment in February of all existing debt obligations secured by its MD-80 aircraft. Proceeds from the loan are being used for the funding of future capital expenditures and general corporate purposes, according to a company statement.
• The Long Beach Airport has received more than $2 million in grant funding from the U.S. Department of Transportation (DOT) to rehabilitate and upgrade the aircraft terminal apron and taxiway. The airport upgrades are being implemented to maintain structural integrity of the pavement in both areas and to ensure safe airfield operations. In conjunction with the DOT, the grant is being distributed through funding from the Federal Aviation Administration.