A key agreement has been reached between the FAA, Virgin Galactic, and Spaceport America that will allow commercial flights of SpaceShipTwo. The historic agreement sets out the parameters for how routine space missions launched from Spaceport America will be integrated into the National Airspace System.
Makes Accelerated Investment Expensing Schedule Permanent In The Tax Code
The House Ways and Means Committee has approved H.R. 4718, legislation to make permanent the immediate expensing of 50% of new investments in equipment and software. The change, if it makes it through the entire legislative process, is expected to have a significant impact on the sale of business aircraft by providing tax incentives for companies to do so.
After a long winter and spring dodging the Utah weather, SkyCraft’s SD-1 Minisport has completed flight testing successfully, meeting all the performance requirements needed for S-LSA Certification. The plane was found to have good longitudinal and latitudinal stability and exhibited no issues with flutter, vibrations, or dangerous stall/spin tendencies.
New White Paper Reveals How U.S. Government Must Act To Restore Fair Market
U.S. airlines and their workers are in “survival mode” in their fight to compete against foreign airlines that do business with unfair economic advantages, warns the Air Line Pilots Association, Int’l (ALPA) in a new white paper issued Thursday.
Assesses Additional Penalties For Violating Previous Cease And Desist Provisions
The U.S. Department of Transportation has fined Southwest Airlines $200,000 for violating the Department’s full-fare advertising rules and ordered the carrier to cease and desist from further violations. By violating the full-fare advertising rule in this case, Southwest Airlines also violated the cease and desist provision of a previous order. In doing so, the carrier was required to pay an additional $100,000, which was suspended from an order issued in July 2013.
All Demonstrate Airplane's Combat Capability, Lockheed Martin Says
In three separate flight tests on May 27th, Lockheed Martin F-35 Lightning II aircraft demonstrated air-to-air combat capability, completed the first flight test with the next level software load and accomplished a landing at the maximum test speed and drop rate.
Tensions Growing Over Disputed Area Over The East China Sea
The United States has told China it needs to "work with other countries to establish confidence-building measures, including emergency communications channels, which can address dangers and lower tensions," in response to recent incidents in disputed airspace over the South China Sea.
"Our team is working hard to begin routine and affordable space launches from Spaceport America and this agreement brings us another step closer to that goal." Source: Virgin Galactic CEO George Whitesides.
Griffon Aerospace is an innovative small business specializing in the design, development, and operations of aerospace systems including manned and unmanned aircraft, UAV ground support systems, and advanced composite structures.