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One Aviation
The One Aviation Corporation, stylized as ONE Aviation, was a company formed in 2015 to merge the aircraft manufacturers Eclipse Aerospace and Kestrel Aircraft. The company had its headquarters in Albuquerque, New Mexico, United States. One Aviation produced the Eclipse 550 very light jet from 2015–2018, and was developing the Eclipse 700. It was also developing the Kestrel K-350 turboprop aircraft but suspended the design in 2017 due to financial and legal challenges. In October 2018, One Aviation filed for Chapter 11 bankruptcy while it underwent operational restructuring. However, in February 2021, it was reported that the Chapter 11 bankruptcy case was unsuccessful and had been converted to a Chapter 7 liquidation process. Organization Alan Klapmeier, the former CEO of Kestrel, and before that, Cirrus Aircraft, was named as the first CEO of One Aviation, with former Eclipse Aerospace CEO Mason Holland as Chairman. The company initially produced the Eclipse 550, whi ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Aircraft Owners And Pilots Association
The Aircraft Owners and Pilots Association (AOPA) is a Frederick, Maryland-based American non-profit political organization that advocates for general aviation. AOPA's membership consists mainly of general aviation pilots in the United States. AOPA exists to serve the interests of its members as aircraft owners and pilots and to promote the economy, safety, utility, and popularity of flight in general aviation aircraft. With 384,915 members in 2012, AOPA is the largest aviation association in the world, although it had decreased in membership from 414,224 in 2010, a loss of 7% in two years. AOPA is affiliated with other similar organizations in other countries through membership in the International Council of Aircraft Owner and Pilot Associations (IAOPA). In 2015, AOPA was inducted into the International Air & Space Hall of Fame at the San Diego Air & Space Museum. History The organization started at Wings Field in Blue Bell, Pennsylvania. On 24 April 1932, The Philadelp ...
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Collateral Security
In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. The collateral serves as a lender's protection against a borrower's default and so can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of the lending agreement. The protection that collateral provides generally allows lenders to offer a lower interest rate on loans that have collateral. The reduction in interest rate can be up to several percentage points, depending on the type and value of the collateral. For example, the Annual Percentage Rate (APR) on an unsecured loan is often much higher than on a secured loan or logbook loan. If a borrower defaults on a loan (due to insolvency or another event), that borrower loses the property pledged as collateral, with the lender then becoming the owner of the property. In a typical mortgage loan transaction, for instance, the real estate being acq ...
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Albuquerque International Sunport
Albuquerque International Sunport is the primary international airport serving the U.S. state of New Mexico, the Albuquerque metropolitan area, and the larger Albuquerque– Santa Fe–Las Vegas combined statistical area. It handles around 5.4 million passengers annually and over 400 flights daily. ABQ is located in Bernalillo County, New Mexico, between the Rio Grande river and the Sandia Mountains, east of Old Town Albuquerque and Barelas, 3 miles (5 km) southeast of Downtown Albuquerque, south of the University of New Mexico and directly to the west of Sandia National Laboratories and Kirtland Air Force Base. ABQ is a focus airport for Southwest Airlines, which accounts for over half of all passengers, and is served by several major airlines, including Advanced Air , Alaska, American, Boutique Air, Delta, Frontier, JetBlue, Spirit and United; cargo airlines serving the airport are FedEx Express, UPS Airlines, Empire Airlines (FedEx Feeder carrier) Ameriflight, Ama ...
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Albuquerque
Albuquerque ( ; ), ; kee, Arawageeki; tow, Vakêêke; zun, Alo:ke:k'ya; apj, Gołgéeki'yé. abbreviated ABQ, is the most populous city in the U.S. state of New Mexico. Its nicknames, The Duke City and Burque, both reference its founding in 1706 as ''La Villa de Alburquerque'' by Nuevo México governor Francisco Cuervo y Valdés''.'' Named in honor of the Viceroy of New Spain, the 10th Duke of Alburquerque, the city was an outpost on El Camino Real linking Mexico City to the northernmost territories of New Spain. Located in the Albuquerque Basin, the city is flanked by the Sandia Mountains to the east and the West Mesa to the west, with the Rio Grande and bosque flowing from north-to-south. According to the 2020 census, Albuquerque had 564,559 residents, making it the 32nd-most populous city in the United States and the fourth largest in the Southwest. It is the principal city of the Albuquerque metropolitan area, which had 916,528 residents as of July 2020, an ...
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Tax Credit
A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases. Another way to think of a tax credit is as a rebate. Refundable vs. non-refundable A refundable tax credit is one which, if the credit exceeds the taxes due, the government pays back to the taxpayer the difference. In other words, it makes possible a negative tax liability. For example, if a taxpayer has an initial tax liability of $100 and applies a $300 tax credit, then the taxpayer ends with a liability of –$200 and the government refunds to the taxpayer that $200. With a non-refundable tax credit, if the credit exceeds the taxes due then the taxpayer pays nothing but does not receive the difference. In this case, the taxpayer from the example would end with a tax liability of $0 (i.e. they could mak ...
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Wisconsin
Wisconsin () is a state in the upper Midwestern United States. Wisconsin is the 25th-largest state by total area and the 20th-most populous. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michigan to the northeast, and Lake Superior to the north. The bulk of Wisconsin's population live in areas situated along the shores of Lake Michigan. The largest city, Milwaukee, anchors its largest metropolitan area, followed by Green Bay and Kenosha, the third- and fourth-most-populated Wisconsin cities respectively. The state capital, Madison, is currently the second-most-populated and fastest-growing city in the state. Wisconsin is divided into 72 counties and as of the 2020 census had a population of nearly 5.9 million. Wisconsin's geography is diverse, having been greatly impacted by glaciers during the Ice Age with the exception of the Driftless Area. The Northern Highland and Western Upland along wi ...
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Eclipse 500
The Eclipse 500 (model EA500) is a very light jet (VLJ) originally produced by Eclipse Aviation of Albuquerque, New Mexico, United States. The company was founded in 1998 to develop the 1997 Williams V-Jet II demonstrator. The prototype first flew with Williams EJ22 turbofans on August 26, 2002. The engines were replaced by Pratt & Whitney Canada PW610Fs in 2004 and Eclipse Aviation won the Collier Trophy in February 2006 for the design. A provisional FAA type certification was received on 27 July 2006 and the first delivery occurred on 31 December 2006. The six-seat aircraft has an all-metal airframe with a T-tail and straight wings. It is powered by two turbofan engines in aft fuselage-mounted nacelles. The design is known for helping usher in a new category of VLJs when it was first delivered in late 2006. Production of the Eclipse 500 was halted in October 2008 due to lack of funding, after 260 aircraft had been delivered. On November 25 2008, Eclipse Aviation entered ...
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Flying (magazine)
''Flying'', sometimes styled ''FLYING'', is an aviation magazine published since 1927 and called ''Popular Aviation'' prior to 1942, as well as ''Aeronautics'' for a brief period. It is read by pilots, aircraft owners, aviation enthusiasts and aviation-oriented executives in business, commercial and general aviation markets worldwide. It has the largest paid subscription, newsstand, and international circulation of any U.S.-based aviation magazine, according to its former publisher the Bonnier Corporation, and is promoted as "the world's most widely read aviation magazine". It is owned by digital media entrepreneur Craig Fuller. History The magazine first began publishing in 1927 as ''Popular Aviation'' soon after Charles Lindbergh's historic transatlantic flight. It was given the name ''Aeronautics'' briefly from 1929–1930 and was changed back to ''Popular Aviation'' until 1942, when it became ''Flying''. In June 2009, ''Flying'' owner, Hachette Filipacchi Media U.S., so ...
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AERO Friedrichshafen
AERO Friedrichshafen is a trade show dedicated to European general aviation. It is held yearly in April on the shores of Lake Constance at the exhibition center of Friedrichshafen, Germany right next to Friedrichshafen Airport Friedrichshafen Airport (german: link=no, Flughafen Friedrichshafen, ; also known as ''Bodensee Airport Friedrichshafen'') is a minor international airport 1.9 miles (3 km) north of Friedrichshafen, Germany, on the banks of Lake Constanc .... History AERO took place for the first time in 1977 during the RMF (''Rennsport/Motor/Freizeit''; ''Racing/Motor/Leisure'') event. It was held every two years at first. AERO became an independent event in 1993 and is now held yearly since 2009. This aviation convention now attracts more than 600 exhibitors and 33,000 visitors every year. References External links *{{official website Aviation in Europe Aviation in Germany ...
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Brunswick, Maine
Brunswick is a town in Cumberland County, Maine, United States. The population was 21,756 at the 2020 United States Census. Part of the Portland-South Portland-Biddeford metropolitan area, Brunswick is home to Bowdoin College, the Bowdoin International Music Festival, the Bowdoin College Museum of Art, the Peary-MacMillan Arctic Museum, and the Maine State Music Theatre. It was formerly home to the U.S. Naval Air Station Brunswick, which was permanently closed on May 31, 2011, and has since been partially released to redevelopment as "Brunswick Landing". History Settled in 1628 by Thomas Purchase and other fishermen, the area was called by its Indian name, Pejepscot, meaning "the long, rocky rapids part f the river. In 1639, Purchase placed his settlement under protection of the Massachusetts Bay Colony. During King Philip's War in 1676, Pejepscot was burned and abandoned, although a garrison called Fort Andros was built on the ruins during King William's War. During ...
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