The News Review:
- Eclipse fails to draw bids; ETIRC sale likely
- Bill contains bad news for aviation
- Greensboro A Finalist To Land 800 Aviation Jobs
- Aviation Divestiture Removed from House TARP Bill
- NE cties unite to reopen improved Aviation Blvd. crossing
- Future of Army aviation is topic of symposium
Eclipse fails to draw bids; ETIRC sale likely
Forbes NY
will not be put up for public auction this week after the troubled Albuquerque N. jet manufacturer failed to attract any qualified bids by Tuesday’s deadline. Eclipse after consultation with the Ad Hoc Committee of Senior Secured Noteholders and the fficial Committee of Unsecured Creditors determined there were no qualified bids said Dan Guyder a partner with Eclipse’s law firm Allen & very LLP in New York. “There will be no auction” Guyder said.
Bill contains bad news for aviation
The Wichita Eagle KS
comp –>A struggling aviation industry could founder if a rescue bill making its way through Congress moves forward industry leaders and government officials warn. The bill — the Troubled Assets Relief Program– includes a provision that would require companies receiving federal bailout funds to divest their corporate aircraft fleet or their jet leases. Congressman Barney Frank D-Mass. chairman of the House Financial Services Committee introduced the language Friday. The bill comes as business jet makers are reeling from a down economy which has led to order cancellations and deferrals those opposing the bill note.
Greensboro A Finalist To Land 800 Aviation Jobs
WXii 12.com NC
Johnson said Guilford Technical Community College with its various aviation-based training programs is proving to be a major factor in the company’s decision. “I think it’s a big factor that we have the workforce that we have GTCC with its various schools. ne is upholstering” Johnson said. Johnson said executives from the company visited Greensboro recently and liked what they saw. “They were very pleased.
Related from Vguideu: Action Greensboro launches Phase II
Aviation Divestiture Removed from House TARP Bill
KWCH KS
) A provision in the House Troubled Assets Relief Program (TARP) that would have required businesses that receive federal bailout money to divest private aircraft has been removed. Senator Sam Brownback's office made the announcement Tuesday afternoon saying he applauds the move. Brownback and other Kansas representatives said the provision would have caused a negative impact on the general aviation industry. Congressman Todd Tiahrt told Eyewitness News in an interview Monday that the provision targets a single industry and could have had devastating impacts on thousands of Kansas families. BRWNBACK APPLAUDS REMVAL F AVIATIN DIVESTITURE PRVISIN IN HUSE TARP BILL Sent letter to Senate Committee warning of negative effects of provision WASHINGTN – U. Senator Sam Brownback applauded the removal of a divestiture provision in the House Troubled Assets Relief Program legislation which would have negatively affected the general aviation industry.
NE cties unite to reopen improved Aviation Blvd. crossing
San Antonio Express TX
Schertz Mayor Hal Baldwin and Universal City Mayor Pro Tem Bob Yost cut a ribbon to officially reopen the newly improved Aviation Boulevard crossing which goes over Cibolo Creek. The Aviation crossing which has served as a secondary route for FM 78 between both cities had been closed to traffic since June when work crews began to replace the old roadway with an elevated one with eight-foot high culverts. The old roadway was replaced because during rain events even minor ones it would flood forcing the closure of the crossing for weeks at a time. ther improvements include turn lanes on the Schertz side of the road to help motorists turn left or right onto Main Street. Baldwin said the several months the crossing was closed for improvements showed how vital the roadway is for alleviating traffic from Randolph Air Force Base and nearby schools and for commerce especially for businesses located on Aviation Road in Universal City.
Future of Army aviation is topic of symposium
ArmyTimes.com VA
7-9 in Arlington Va. “A theme of this symposium is the relationship of Army Aviation to the ground guys. There is great synergy between the two” said retired Gen. Gordon Sullivan AUSA president. Progress with the next generation Chinook and Apache helicopter programs was a focus of discussion by Brig.