BUSINESS
April 25, 2012 | By W.J. Hennigan, Los Angeles Times
Troubled insurance giant American International Group Inc. filed a lawsuit against the former head of its aircraft leasing business, Steven Udvar-Hazy, contending the Los Angeles billionaire stole company secrets, wooed away customers and pilfered business deals after he started a competing firm in 2010. The New York insurance company and its Century City unit, International Lease Finance Corp., or ILFC, filed suit Tuesday in Los Angeles County Superior Court. The 33-page complaint listed the defendants as Udvar-Hazy, his current company, Air Lease Corp., and 30 employees who left ILFC to work with him. AIG asserted in the lawsuit that the defendants collectively connected 16 flash drives to ILFC computers and downloaded nearly 13,000 ILFC files, which included price data concerning the value of aircraft fleets, past contracts, letters of intent and statements of work.
BUSINESS
April 20, 2012 | By W.J. Hennigan
The results are in from last summer's attempt to test new technology that would provide the Pentagon with a lightning-fast vehicle, capable of delivering a military strike anywhere in the world in less than an hour. In August the Pentagon's research arm, known as the Defense Advanced Research Projects Agency, or DARPA, carried out a test flight of an experimental aircraft capable of traveling at 20 times the speed of sound. The arrowhead-shaped unmanned aircraft, dubbed Falcon Hypersonic Technology Vehicle 2, blasted off from Vandenberg Air Force Base, northwest of Santa Barbara, into the upper reaches of the Earth's atmosphere aboard an eight-story Minotaur IV rocket made by Orbital Sciences Corp.
NATIONAL
April 19, 2012 | By Rene Lynch
A small aircraft has crashed off Florida after it was seen aimlessly circling the Gulf of Mexico and repeated attempts by authorities to make contact with the pilot failed. At one point, military aircraft were called in for a possible attempt to intercept the troubled plane to protect public safety. The fate of the pilot -- the only person on board -- remains unclear. But there were some suggestions that the plane hit the water "gracefully," according to CNN commentators who were watching the dramatic situation unfold live.
NATIONAL
April 6, 2012 | By Rene Lynch
Daniel Cavanaugh was standing in a Virginia Beach, Va., convenience store parking lot when he noticed the F/A-18 Hornet. The Navy jet appeared on path to land at Naval Air Station Oceana. But Cavanaugh instinctively knew something was wrong. It was flying awfully low. And the jet seemed slow and sluggish -- unusual for such a powerful piece of machinery. "He just got real low like he was going to land," Cavanaugh said of the pilot. Then, suddenly, "he dropped out of the sky. " Cavanaugh described what happened next to Virginia TV station WTKR: "Boom.
NATIONAL
April 6, 2012 | By Dalina Castellanos
The type of jet that crashed into a Virginia Beach neighborhood Friday, the F/A-18 Hornet, is familiar to many Americans. It's been a workhorse of the U.S. military for almost 30 years -- not to mention the jet of choice for the Blue Angels, the Navy's aerobatic team. The twin-engine aircraft was introduced in 1983 as the replacement for the military's F-14 Tomcat, which reached notoriety in the movie “Top Gun.” The F/A-18 played a prominent role in Operation Desert Storm in the 1990s.
CALIFORNIA | LOCAL
March 27, 2012 | By Robert Faturechi, Los Angeles Times
Los Angeles County sheriff's officials overpaid a private contractor nearly $11 million for work that wasn't needed and aircraft equipment they already had, according to allegations in a sheriff's memo obtained by The Times. The internal report recommended that supervisors within the emergency air support division be investigated for potential conflicts of interest and violations of county purchasing rules. Aero Bureau supervisors, the report states, allowed the Carlsbad avionics firm, Hangar One, to bill for unjustified expenses while outfitting a fleet of helicopters.