Last year saw the lowest number of turbine-powered aircraft deliveries since 2005, according to year-end statistics released this morning by the General Aviation Manufacturers Association (GAMA).
AINalerts » February 22, 2011
The market for pre-owned business aircraft will remain flat for at least another 12 to 24 months and may not completely emerge from the down cycle until 2013 or 2014, according to Freestream Aircraft chief executive Alireza Ittihadieh.
Prospects for breaking the logjam that has stalled an FAA reauthorization bill for more than three years grew better with passage in the Senate of the FAA Air Transportation Modernization and Safety Improvement Act on Thursday by a vote of 87-8. Meanwhile, one day earlier in the lower chamber, the House Transportation Committee approved its FAA Reauthorization and Reform Act of 2011 by a vote of 34 to 25 one day earlier.
As the annual Heli-Expo convention prepares to open on March 6, analyst Brian Foley of Brian Foley Associates is predicting that the civil helicopter market has hit bottom and should resume growing again this year. The helicopter market is unique, with distinct government/military and civil markets, and these segments tend to balance one another, he explained.
Embraer inaugurated its first U.S. aircraft final assembly plant at Melbourne (Fla.) International Airport yesterday. The new 150,000-sq-ft plant and paint shop facility is dedicated to manufacturing Phenom 100 and 300 light jets, but initially will produce only the former since the backlog for Phenom 100s is bigger.