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 31, 2007 - 8:53am

While Congress has acted on several recommendations from the Commission on the Future of the U.S. Aerospace Industry, the group is still concerned about the lack of coordination and communication between executive branch departments having jurisdiction over the air-transportation system.

January 31, 2007 - 6:46am

Bend, Ore.-based Air Investor Resources (AIR)–the parent company of Epic Aircraft, which is currently flight-testing its Epic LT turboprop single–is now teaming with Tbilisi Aerospace Manufacturing (TAM) of Tbilisi, Republic of Georgia, to produce a $1.9 million very light jet (VLJ), dubbed the Tam-Air Epic Jet. The six-seat jet, which shares about 80-percent commonality with its composite turboprop-single

January 31, 2007 - 6:10am

The general aviation industry continued a strong recovery through third-quarter deliveries and billings, according to the General Aviation Manufacturers Association. New aircraft billings were up 19.7 percent, to $8.1 billion, in the first nine months of this year, while total deliveries of new GA airplanes increased 7.7 percent, to 1,928.

January 31, 2007 - 4:00am

While most of NASA is reaching for the stars, the segment of the agency that conducts aeronautics research here on earth has taken a budget cut for the second consecutive year following President Bush’s initiative to expand the exploration of space.

January 30, 2007 - 11:08am

A relaxed regulatory environment and increasing development in the fledgling space tourism industry may lead to opportunities for privately owned passenger-carrying space vehicles by the end of the decade, suggested government and industry officials at space-related hearings and conferences in February.

January 30, 2007 - 10:58am

Even though noise wasn’t a factor in the accident, February’s Challenger overrun at Teterboro has inevitably resurrected local residents’ complaints about aircraft noise. It doesn’t take much, as we all know, to reinvigorate the anti-noise folks.

January 30, 2007 - 10:02am

“What gets me through an airshow is trust,” Michael George Goulian, Air BP’s Castrol Aviator and champion aerobatics pilot, said in his keynote address at the Professional Aviation Maintenance Association (PAMA) Awards Breakfast.

January 30, 2007 - 9:59am

The panel discussion on brokers addressed the concern that anyone with a laptop computer and a cellphone could “broker” travel on chartered business jets. Fred Gevalt, founder of The Air Charter Guide, said a good start would be to register charter brokers with the U.S. Department of Transportation, a safeguard that he asserted would eliminate 60 percent of the Internet dabblers.

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.

 
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