The transfer of business aviation from Dubai International (DXB) to Dubai World Central (DWC) is picking up speed as business jet operators face a tightening squeeze at Dubai’s existing airport caused by dwindling slots and timing restrictions. Four charter operators have set up FBOs at DWC: Jet Aviation, Jetex, ExecuJet and DC Aviation-Al Futtaim. Dubai-based officials said 3,000 to 4,000 bizav aircraft movements would have to be transferred from DXB to DWC during the closure of DXB for runway rehabilitation, set to run for almost three months this year.
News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine powered airplanes and helicopters. Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.
Textron and Beechcraft Corp. announced late yesterday that Textron has agreed to acquire Beech Holdings, LLC, the parent of Beechcraft Corp., for approximately $1.4 billion in cash. This confirms rumors swirling over the past few months.
Recent predictions by industry soothsayers show business aviation continuing its slow climb next year. “GDP is up, U.S. stock markets and corporate profits are setting new records and pre-owned inventory has declined, with aircraft prices now bouncing along the bottom,” aviation consultant Brian Foley told AIN. “These positive indicators are expected to continue in 2014.”
Honda Aircraft announced that the FAA issued Type Inspection Authorization (TIA) for the HondaJet, a key milestone in the light jet’s certification program. Now that the jet’s GE Honda Aero HF120 engine is certified and the TIA issued, Honda Aircraft has finalized the certification timetable for the HondaJet.
The American pilots of the Embraer Legacy 600 who the Brazilian courts found negligent in the 2006 Amazon midair that killed all 154 aboard a Boeing 737 had their sentences cut by the Superior Tribunal of Justice (STJ), Brazil’s second-highest court.
NBAA presented its Silk Scarf Award to Jay Mesinger, CEO and founder of Mesinger Jet Sales, on Thursday “in recognition of his exemplary efforts on behalf of NBAA and business aviation.” The award honors his grassroots advocacy work, his expertise in the international arena and his strong leadership as chairman of NBAA’s Associate Member Advisory Council. Mesinger, with 37 years of experience in the aviation industry, founded Mesinger Jet Sales more than 23 years ago and has developed it into an international aircraft brokerage firm.
Daher-Socata appointed WingsOverAsia (WOA) as a TBM 850 non-exclusive sales representative throughout Asia. As part of this partnership, WOA will exhibit a TBM 850 turboprop single at the Singapore Airshow in mid-February. During the show, WOA is organizing the Asia Aviators Gathering on February 15, bringing together the region’s general aviation sector for a “major meeting.” WingsOverAsia bills itself as a “private/executive aircraft flight support and aviation lifestyle services provider.”
The Central Europe Private Aviation’s fourth annual CEPA Expo, held recently in Prague, drew a “record number” of attendees. The delegates, partners and sponsors at the event took part in several panel sessions and networked with industry colleagues. At the opening ceremony, CEPA chairman Philippe Lienard, the director of foreign trade at The Ministry of Industry and Trade of the Czech Republic, welcomed conference attendees and confirmed the group’s commitment to help business aviation thrive in the region.
Gulfstream Aerospace appointed Scott Clarey sales director for the U.S. Southwest. In his new role he is responsible for sales to new and existing customers in Arizona, Colorado, Kansas, New Mexico and Utah. Clarey, who is based in Tempe, Ariz., came to Gulfstream from Piaggio America, where he was the regional sales director in the western U.S. and western Canada. He has been a pilot since age 16 and has been in aviation sales for the last 10 years.
J.P. Morgan North American Equity Research’s latest business jet monthly update, released yesterday, paints a somewhat optimistic picture even though the data remains “mixed.” It said that business jet flying activity picked up steam in October, while pre-owned inventories continued to dwindle last month, settling at 10.3 percent. However, it is concerned that pre-owned prices haven’t yet found their footing.