Medrar Financial Group of Dubai and Diamond Aircraft Holdings of London, Ontario, signed an agreement yesterday at the Dubai Air Show for Medrar’s acquisition of a majority interest in Diamond. The agreement does not affect Diamond Aircraft Gmbh in Austria.
News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.
Medrar Financial Group of Dubai and Diamond Aircraft Holdings of Austria have signed an agreement for Medrar’s acquisition of a majority interest in Diamond, the companies announced today. The agreement includes Diamond’s piston airplanes as well as its under-development, single-turbine D-Jet.
The pace of the decline of general aviation aircraft deliveries slowed in the third quarter, according to statistics released yesterday by the General Aviation Manufacturers Association (GAMA).
General aviation user fees might not make it into any of the various tax proposals currently floating around Washington, but the concept is harder to kill than a zombie. It’s enough to make anyone want to reach for the antacids.
A high-level Transportation Security Administration (TSA) official told a group of NBAA operators last month that a revised Large Aircraft Security Program (Lasp) will have a new name when it is re-released for comment, ideally by the end of the year.
The TSA is willing to work to minimize the effect of its policies on general aviation (GA), Gregory Kulis, a member of NBAA’s Security Council and pilot for Limited Brands, said at an NBAA 2011 forum on the TSA’s GA policies on Tuesday.
The Rockford Area Aerospace Network (RAAN), a committee of the Rockford (Ill.) area economic development council (RAEDC), is here at the NBAA show highlighting its “white-glove service” to the aerospace industry.
When the Transportation Security Administration (TSA) first announced its Large Aircraft Security Program (LASP) in October 2008, it threatened to ground every general aviation aircraft with a maximum certified takeoff weight of more than 12,500 pounds unless the nearly 10,000 aircraft operators complied with the security edict.
Custom-rifle maker Charlie Sisk–who uses a Cessna 182 to help him meet with customers and build his business–will be on hand at the Corporate Aviation Training booth (No. 2125) here at the NBAA 2011 to discuss the ways business aviation has aided his career. You can meet with him on Monday (8-11 a.m.), Tuesday (2-5 p.m.) or Wednesday (8-11 a.m.).
General Aviation Manufacturers Association president and CEO Pete Bunce says recent general aviation rallies held following disparaging remarks about business aviation by President Obama actually go back to the end of 2008 when the CEOs from the Big Three automakers took separate company airplanes to testify before Congress.