AINalerts » March 1, 2011

March 1, 2011 - 10:15am

Revenues at Berkshire Hathaway’s “other services” segment–which includes fractional jet provider NetJets and flight-training company FlightSafety International–climbed by $770 million (up 12 percent year-over-year), to $7.4 billion, according to the company’s 2010 financial results, released on Saturday.

March 1, 2011 - 10:00am

Cirrus Aircraft president and CEO Brent Wouters announced yesterday morning that China Aviation Industry General Aircraft (Caiga) has signed an agreement to purchase 100 percent of Cirrus Aircraft from the several hundred shareholders that own the Duluth, Minn.-based light aircraft manufacturer.

March 1, 2011 - 9:45am

A new would-be helicopter manufacturer, Marenco Swisshelicopter, will introduce its SKYe SH09 light single next week in Orlando, Fla., at Heli-Expo next week. Powered by a Fadec-controlled Honeywell HTS900 turboshaft, the newcomer will be shown as a full-size mockup at the show. The first prototype is being built near Zurich, Switzerland, and first flight is planned for next year.

March 1, 2011 - 9:30am

More details are emerging about the Gulfstream V seizure in the Democratic Republic of Congo (DRC) on February 4. After taking on cargo, the flight crew of the chartered jet was preparing to depart from Goma when an armored personnel carrier stopped next to them.

March 1, 2011 - 9:15am

The SJ30 twinjet saga has taken another interesting twist in the wake of last year’s bankruptcy filing of the aircraft program’s current owner, Emivest Aerospace. The parent company of one of the SJ30’s airframe parts suppliers, Metalcraft Technologies of Cedar City, Utah, has emerged as a “stalking horse” bidder for Emivest’s assets and has submitted a purchase agreement to buy the manufacturer for $7.625 million.

 

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