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.

January 30, 2007 - 9:57am

Security concerns; new flight, duty and rest time recommendations; and growing attention from the private-equity financial camp topped the items of interest at
this year’s NATA Convention. Held in conjunction with Aviation Industry Week, NATA’s annual meeting also addressed the changing role of aircraft charter brokers, airport authorities assuming FBO roles and NATA’s own Safety First Management System program.

January 30, 2007 - 7:31am

Reporting on last month’s firing of Harry Stonecipher as president and CEO of Boeing after it was revealed that he was having an extramarital intracompany affair with a female executive, The Wall Street Journal noted, “Fifteen months ago, Chicago-based Boeing brought back its retired president to bolster ethical practices after a string of scandals.” Such a relationship is not barred.

January 30, 2007 - 6:15am
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Major orders for airliners and their engines once again raised the profile of the biennial Dubai Air Show, held December 7 to 11. The bulk of the $6 billion sales announced during the event were accounted for by a $1.5 billion order by Emirates Airline for 101 Engine Alliance GP7200 turbofans to power 23 of its Airbus A380s.

January 29, 2007 - 9:57am

While the business aviation industry continues to show signs of a steady recovery, U.S. companies are facing new market challenges, one in the form of a dollar that is weaker than the euro, and another in the tougher visa regulations implemented after 9/11.

January 29, 2007 - 9:44am

As new and used business aircraft sales continue a steady climb, the completion and refurbishment industry follows suit.

Pats, the DeCrane completions center in Georgetown, Del., recently announced it will be expanding its operation, adding as many as 40 new jobs through this year and increasing the workforce to about 200.

January 29, 2007 - 7:10am
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Gen. Jack Dailey hefted the comically oversized scissors to approach the ribbon. Hundreds waited to pass metal detectors for the December 15 opening of the Steven F. Udvar-Hazy Center. After a mock slice for the cameras, Dailey reached for real scissors to snip a new era at the Smithsonian National Air and Space Museum (NASM).

January 29, 2007 - 6:56am

The average price of a gallon of jet-A at U.S. FBOs in mid-December was $2.48 to $2.51, according to two independent surveys of hundreds of FBOs. This average nearly matches the average reported over the last several months. AirNav (www.airnav.com/fuel/report/html) reported finding the least costly fuel ($1.50 a gallon) at one or more FBOs in the Central and Great Lakes areas.

January 29, 2007 - 4:58am

President Bush participated in the events at Kitty Hawk, N.C., on December 17 to mark the 100th anniversary of manned, powered flight, and although the weather exercised its right to rain on the great parade, the spirits of the 35,000+ people in attendance remained high.

January 25, 2007 - 4:26am

Aerospace Industries Association (AIA) president and CEO John Douglass said the National Aeronautics Research and Development Policy released late last year includes the tools necessary to revive federal aeronautics programs, but it must be backed up with money.

January 24, 2007 - 9:54am

The momentum that began to build in the used jet market late last summer is rolling into this year. Overall inventory is about where it was a year ago, but after a significant month-over-month build-up through July, sales activity heightened and just as quickly reversed direction. Between August and the middle of last month, roughly 100 more aircraft departed the market than arrived.

 
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