AINalerts » August 7, 2012

August 7, 2012 - 4:13pm
Second Static Display Returns to NBAA Convention

The second outdoor static display that was “just a few steps away from the convention center” at last year’s NBAA Convention in Las Vegas was so widely praised by both exhibitors and attendees that the association is doing it again this year. NBAA 2012 will be held from October 30 to November 1 in Orlando, Fla.

August 7, 2012 - 4:07pm

Signature Flight Support’s first-half revenue fell 1 percent year-over-year to $488.6 million, parent company BBA Aviation reported today. The company says the decrease was attributable largely to declines in North American and European business and general aviation movements of 1 percent and 4 percent, respectively.

August 7, 2012 - 4:03pm

Business aviation analyst Brian Foley believes that the Latin American market has been under-appreciated by the industry. “It currently accounts for 10 percent of all the world’s business jets, and it operates on a somewhat different economic cycle,” he said. While the European general aviation markets are essentially stagnant and the Asian markets appear to be slowing, Latin America “will continue to play a key role in sustaining what has been a troubled industry, hopefully until the U.S. market regains its strength,” he said.

August 7, 2012 - 3:55pm

Air Methods, the largest helicopter EMS provider in the U.S., posted an exceptionally strong second quarter. Revenue at the company increased to $222.5 million, a 48-percent jump from the same quarter last year.

In the first six months, Air Methods reported revenue of $413.3 million, up 47 percent versus the same period last year. Net income for the quarter increased 217 percent to $31.4 million, compared with the prior-year second-quarter net income of $9.9 million. For the first six months, net income increased by 181 percent to $43.9 million.

August 7, 2012 - 3:53pm

Jet Aviation Basel signed an agreement with an undisclosed Middle Eastern client for completion of a BBJ3. Completion work on the bizliner’s cabin interior, which was designed by Studio E/motions, is scheduled to begin in the third quarter. The layout for the BBJ3 will include a living area, a conference/dining room and a private bedroom with en suite bathroom. Jet Aviation Basel also recently delivered two newly completed private Airbus A340s–an A340-600 and an A340-300–to undisclosed customers.

August 7, 2012 - 3:47pm

Astronics acquired Portland, Ore.-based Max-Viz, a developer and designer of enhanced vision systems for fixed- and rotary-wing aircraft, for $10 million in cash last week. The ultimate price could rise to $18 million, if certain revenue targets are met over the next three years. Max-Viz enhanced vision systems are certified for installation on more than 20 business aircraft types, as well as more than a dozen turbine helicopters. The company also holds similar certifications for multiple piston aircraft.

August 7, 2012 - 3:42pm

Embraer-CAE Training Services (ECTS) received Level-D approval from the Brazilian civil aviation agency for its Embraer Phenom 100 and 300 flight simulator at the CAE SimuFlite training center at Dallas/Fort Worth International Airport. The simulator is part of the training system for Phenom pilots and maintenance technicians provided by the ECTS joint venture.

August 7, 2012 - 3:41pm

London-area airports are not realizing the expected large-scale traffic increase attributable to this year’s Olympic games, according to data from both Eurocontrol and Avinode. Benchmark data from the opening weekend of the games (July 27 to 29) showed that there hasn’t been a large increase in overall demand in the area, Avinode said. Inbound flights for London-area airports did experience an increase in movements the Thursday before the opening ceremony, but then decreased to average levels on Friday and Saturday, followed by a further drop on Sunday.

August 7, 2012 - 3:40pm

NBAA membership recently topped 9,000 companies, a new record reflecting a growth rate of 25 percent in recent years. “Our membership growth is testimony to the value of business aviation and NBAA’s role in representing this essential industry,” said Ed Bolen, NBAA president and CEO. “Now more than ever, businesses depend on the use of aircraft to remain competitive and successful in a highly challenging global marketplace.” NBAA was established in 1947 with 19 charter members. Today, the association represents some 9,103 companies of all sizes in the U.S.

 

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