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August 21, 2009

ANN Special Feature: Larry Simburger - The Appeal of Ballooning - 08.21.09

Larry Simburger, Director of Balloon Operations for the Arlington Fly-In, tells ANN's Paul Plack how he chose his favorite corner of aviation.

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Hawker Beechcraft Suspends 401(k) Contributions

Layoff Announcements Expected Friday

After learning of the departure of three top-level executives, employees at Hawker Beechcraft have been told the company is ceasing its 401(k) contributions to employee accounts, and that a workforce reduction will be announced Friday.

But Remains Committed To The Learjet 60 XR Program

Bombardier has parted ways with Jet Republic, which had planned to purchase 110 Learjet 60 XR aircraft from the Canadian transportation company. In a brief news release Thursday, Bombardier said they have terminated both the firm and conditional order purchase agreement with Jet Republic in respect of all aircraft.