Aerospace Industry

News and issues concerning aerospace companies, including formations, acquisitions, mergers and financials; and announcements of significant aircraft sales, delivery statistics and personnel appointments.

December 17, 2007 - 11:37am

The number of trade days at the next Farnborough International Air Show (July 18 to 23, 2006) has been reduced from five to four. Instead of starting on Monday, as it has in the past, the event will run from Tuesday through Sunday, and the first four days will be reserved for professional visitors, while the weekend will continue to be set aside for the public. There is no officially designated media day.

December 17, 2007 - 10:17am

Judging by the mood at last month’s NBAA Convention in Las Vegas, the good old days are most assuredly back for the business aviation industry. A record number of companies were shoehorned into more than a million square feet of exhibition space at the Las Vegas Convention Center, and there was a seemingly endless line of aircraft at nearby Henderson Executive Airport.

December 17, 2007 - 9:25am

The National Air Transportation Association provides an annual salary survey for business aviation professionals including pilots, line-service personnel, maintenance technicians, inspectors, dispatchers, customer service representatives and stock clerks.

December 14, 2007 - 11:59am

The forecasts released last month at the NBAA Convention from turbine-engine manufacturers Honeywell and Rolls-Royce and market research firm Inflight Management Development Centre (IMDC) agree: the business jet market has turned the corner. Honeywell and Rolls-Royce project delivery of between 500 and 550 business jets this year, on par with, or slightly above, last year’s deliveries.

December 14, 2007 - 10:45am

Eclipse Aviation has accelerated its production schedule for the Eclipse 500 very light jet by seven months and announced plans for its customer-support network, an in-house program that would ultimately include seven centers. That would place a shop within one-and-a-half hours’ flying time from any U.S. Eclipse operator’s home base, the company said.

December 14, 2007 - 10:38am

Utica, N.Y.-based JetNet has purchased Aviation Data Service in Wichita, bonding two companies that track business aviation aircraft ownership, fleet status and sales transactions. Both companies will continue to operate independently. Established in 1988, JetNet provides market research tools to dealers, brokers and the financial industry.

December 14, 2007 - 10:33am

Reporting on its third-quarter results, Textron said its Cessna Aircraft unit received orders for 71 Citations, including 22 for the new CJ2+, and 13 more for CitationShares. With these orders, Textron said Cessna is totally sold out for this year. In addition, “We added 25 new orders for delivery next year, bringing the total orders at this time to 185 for next year,” or about 82 percent of next year’s delivery plan of 225 jets.

December 14, 2007 - 10:30am

Third-quarter results show that Gulfstream is on its way to ending this year with significantly improved numbers in deliveries, earnings and sales. According to figures released by parent company General Dynamics, Gulfstream delivered a total of 57 green aircraft in the first nine months of this year, compared with 53 in the same period last year. Earnings and margin rates more than doubled.

December 14, 2007 - 7:55am

It might be considered an honor for an established business jet manufacturer to get a visit from either President Bush or Senator John Kerry during this election year, but it was high praise indeed for start-up Eclipse Aviation to get visits from both presidential candidates.

December 14, 2007 - 7:26am

While no manufacturers actually launched new aircraft at the NBAA Convention last month, several did commit to major improvements for their existing products. Notably, Cessna, Piaggio and Bombardier announced extensive upgrades–involving newer or more powerful engines, avionics and/or interior makeovers–for their CJ1 and CJ2, Avanti and Learjet 40 business airplanes, respectively.

 
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