Aviation

U.S. airfares on the rise, outpacing inflation

August 4, 2014
Associated Press
The average roundtrip ticket within the U.S., including taxes, reached $509.15 in the first six months of this year, up nearly $14 from the same period last year.
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Airport embarking on parking garage repairs

July 21, 2014
Kathleen McLaughlin
The Indianapolis International Airport has planned nearly $8 million in garage maintenance over the next two years. It's also looking into an alternative to its atrium canopy, which has collapsed twice in three years.
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Competition soars at Indianapolis-area airportsRestricted Content

July 19, 2014
Chris O'Malley
An airport near Zionsville is upping the ante for Indianapolis International Airport reliever fields.
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Republic Airways considers ending $3B jet order

May 21, 2014
Bloomberg News
The 40 Bombardier CS300 aircraft on order at Republic Airways Holdings Inc. are no longer a top priority as the Indianapolis-based company returns to its roots as a provider of regional flights for larger carriers, CEO Bryan Bedford said.
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Airlines collecting less money for bag fees

May 5, 2014
Associated Press
The government reported Monday that U.S. airlines raised $3.35 billion from bag fees in 2013, down 4 percent from 2012. But other fees were on the rise.
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Airport hires executive director from Southern California

April 21, 2014
Jeff Newman
Mario Rodriguez will succeed longtime airport executive Robert Duncan in early June, the Indianapolis Airport Authority announced Monday afternoon.
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Comlux America names new chief executive

March 26, 2014
 IBJ Staff
Indianapolis-based Comlux America, which operates an aircraft completion and maintenance center near Indianapolis International Airport, promoted Jim Soleo to CEO, the company announced Wednesday.
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GE Aviation plans $92M investment, 200 jobs in first Indiana plant

March 25, 2014
Kathleen McLaughlin
The jet engine plant in Lafayette would be its first production facility in Indiana, and could expand to add hundreds of additional workers.
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GE Aviation poised to announce major Indiana plant

March 25, 2014
 IBJ Staff
Gov. Mike Pence and GE Aviation CEO David Joyce will be on hand Wednesday morning for the announcement at the Purdue University Airport.
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Rokita takes on FAA medical ruleRestricted Content

March 15, 2014
General aviation pilots abhor the Federal Aviation Authority’s third-class medical certificate, which requires them to get a physical from an FAA-approved doctor every two years, but the industry has yet to take down that bureaucratic hurdle.
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Incentives planned to boost Fort Wayne flights

March 12, 2014
Associated Press
The city of Fort Wayne is going to kick in up to $600,000 in incentives over two years for an airline to offer daily flights to an East Coast travel hub.
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Sky's the limit on bank's aircraft finance business

March 1, 2014
Chris O'Malley
1st Source is among few Indiana-based institutions to deal in jet financing.
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Republic on board with 4-year contract for pilots

February 14, 2014
 IBJ Staff
Republic Airways Holdings Inc. on Friday announced that it has reached a tentative agreement on a contract with the union that represents more than 2,200 of it pilots.
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Airlines scrap record number of flights in nasty winter

February 14, 2014
Associated Press
The relentless snow and ice storms this winter have led to the highest number of flight cancellations in more than 25 years, according to an analysis by The Associated Press.
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Nearly 80 expected to lose jobs at Comlux

January 13, 2014
 IBJ Staff
Comlux America LLC has furloughed 79 of its employees and says it is "probable" those workers will be permanently laid off by the end of the month.
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FAA rejects Indiana's bid for drone test site

December 30, 2013
Associated Press
Indiana had teamed with Ohio to secure one of the highly coveted test sites for unmanned aircraft.
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Aviation report finds that airline delays are undercounted

December 23, 2013
Bloomberg News
On-time statistics for such carriers as United, American and Delta don't include tardy flights by their regional partners, such as Indianapolis-based Republic Airways.
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Feds consider permitting cellphone calls on planes

November 22, 2013
Associated Press
Rules against making cellphone calls during airline flights are "outdated," and it's time to change them, federal regulators said Thursday, drawing immediate howls of protest from flight attendants, airline officials and others.
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Legacy Travel Club lands members but still pursuing big investorsRestricted Content

October 26, 2013
Chris O'Malley
A proposed membership-based airline that had hoped for a 2013 launch has signed up lots of members but has yet to pull in the big investors it needs to put its own plane in the sky.
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Aircraft paint shop at Grissom a boon for economy

September 27, 2013
Associated Press
The 150-employee facility is a godsend for Miami County, which lost a larger percentage of its residents between 1990 and 2000 than any other Indiana county.
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Pilots heap praise on state lawmakersRestricted Content

September 21, 2013
 IBJ Staff
Indiana aviators are still celebrating two tax breaks created in the 2013 legislative session, one eliminating a sales tax on parts and repairs and a restructuring of the fuel tax that translates to hundreds in savings per fill-up.
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Republic Airways extends deadline for Frontier sale

September 17, 2013
Associated Press
The Indianapolis-based regional carrier plans to tie up negotiations with a prospective buyer, believed to be headed by former Spirit Airlines Inc. Chairman Bill Franke.
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Aviation tax changes making Indiana skies friendlier

July 7, 2013
Associated Press
Indiana began exempting aviation fuel and maintenance and service work on planes from its 7-percent state sales tax effective Monday. It has substituted a flat 10 cents-per-gallon excise tax for fuel purchases.
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Teamsters chief smacks down local pilots union

May 20, 2013
Kathleen McLaughlin
Teamsters President James Hoffa wants to rein in leaders of the pilots union at Indianapolis-based Republic Airways Holdings Inc.
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Republic Airways fires president of pilots union

May 2, 2013
Kathleen McLaughlin
The move comes after years of unfruitful contract negotiations between the Indianapolis-based firm and the International Brotherhood of Teamsters Local 357.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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