Revenues at General Dynamics’ aerospace division, which includes Gulfstream Aerospace and Jet Aviation, soared to $6.91 billion last year, up more than $900 million from 2011, thanks in large part to Gulfstream. Profits at the division climbed by $129 million to $858 million. During an investor conference call yesterday, General Dynamics chairman and CEO Phebe Novakovic forecast that the division will see 16-percent sales growth this year.
AINalerts » January 24, 2013
Cessna Aircraft and Bell Helicopter parent company Textron yesterday reported a $1 billion increase in revenues, to $12.237 billion, last year, but it was the performance at Bell that contributed most to this gain. Manufacturing profits also rose by more than $140 million, to $1.07 billion, again mostly due to the helicopter manufacturer.
Qatar-based Rizon Jet says the country’s Civil Aviation Authority (CAA) is unfairly blocking the company’s plans to expand its business aviation services. The privately owned group charged on Tuesday that it is “facing hindrances that make it impossible to sustain a viable business in Qatar.”
Former Cessna chairman and CEO Jack Pelton is among a half-dozen veteran business and military aviation executives who have joined forces to offer remanufactured turbine-powered aircraft to the aviation and defense industries. The newly formed company, The Aviation Alliance, also announced its first business aviation offering yesterday: the Excalibur 421.
The UK’s Air Accidents Investigation Branch released factual details yesterday on the fatal crash of an AgustaWestland A109E helicopter in central London last week, highlighting the poor visibility the pilot was facing. The light twin hit a 719-foot-high crane jib at 7:59:25 a.m., killing the pilot and one person in the street below. It was flying back to Redhill after an aborted attempt to land at Elstree aerodrome.
Last year proved another year of growth for Eurocopter, despite continued erosion of deliveries. Revenues were up by 15 percent, at €6.3 billion ($8.4 billion), but deliveries dropped to 475 aircraft, the lowest number since 2005 and short of the predicted “500 plus.”
Cessna Aircraft announced a strategic partnership yesterday with Chip Ganassi Racing Teams for several races in the Nascar Sprint Cup Series, the Izod IndyCar Series and the Grand-Am Rolex Sports Car Series. This partnership extends Cessna’s presence across all three series in which CGRT competes. Last summer, Cessna partnered with CGRT and owner Chip Ganassi at the GoPro Indy Grand Prix of Sonoma to announce the enhanced maximum speed of the new Citation X to Mach 0.935. When the aircraft is certified and in service it will be the fastest civil aircraft flying.
Sikorsky delivered 55 S-76 and S-92 medium twin helicopters last year–a number that includes both green and completed aircraft. In December alone, the company’s Coatesville, Pa. factory delivered 14 aircraft. The FAA added the S-76D to Sikorsky’s production certificate that same month. The first customer delivery of a S-76D is now scheduled for the summer.
Universal Aviation Spain is relocating its Madrid headquarters from Torrejon International Airport to Madrid-Barajas International Airport, because Spain’s Aeropuertos Españoles y Navegación Aérea has decided to close Torrejon Airport to general aviation aircraft effective February 1. The relocated Universal Aviation Spain will be situated in the remodeled general aviation terminal building (the former state pavilion) at Barajas, which will open at the end of next month. The new terminal will have its own parking and VIP facilities, including lounges and meeting rooms.
Sheltair is undertaking a $13.6 million facility expansion at Fort Lauderdale/Hollywood International Airport. The first phase includes a new 134,806-sq-ft hangar, complete with office spaces, that will open in the coming months. The hangar’s 28-foot-high doors will accept a variety of business aircraft, up to a Gulfstream G650. Phases two and three will increase the total area of the project from 11 to 18.92 acres and the square footage to 359,000. The final two phases will be under way next year.
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