Bombardier Aerospace today reported revenues of $8.6 billion last year, down from $8.8 billion in 2010, while pre-tax profits slid by $52 million year-over-year, to $502 million.
AINalerts » March 1, 2012
The first Boeing 747-8I VIP variant rolled off the assembly line on Tuesday and is expected to enter service with an unidentified Middle East head-of-state operator in 2014, following installation of an executive interior by Lufthansa Technik in Hamburg, Germany.
As CitationAir transitions from selling fractional shares to focusing on its Jet Card and Jet Management products, the company plans to “begin reducing its aircraft fleet as Jet Share contracts expire,” according to a statement that AIN obtained yesterday from company president and CEO William Schultz. “A corresponding number of pilots will be furloughed as aircraft are removed from the fleet, making way for new managed aircraft,” he added.
In a deft political maneuver that capitalizes on the perceived need of Congress to deliver election-year public works spending, Sen. Charles Schumer (D-N.Y.) attached an amendment today imposing helicopter flight restrictions in Long Island and Los Angeles to the $52 billion federal highway bill (S.1813). This amendment would mandate offshore routes for helicopters transiting the North and South sections of Long Island and require the FAA to develop more restrictive flight paths for civil helicopters operating over the Los Angeles basin.
ForeFlight released version 4.4 of its flight-planning app for the iPad, which includes a new documents feature that allows pilots to import, maintain and access libraries of reference materials, aircraft manuals, regulatory documents and many other products in PDF, TIFF, PNG, JPG and GIF file formats. Documents can be organized into binders, for example, by tail number or functions, such as training or regulatory.
Jet Aviation acquired Enterprise Jet Center at Houston Hobby Airport yesterday, adding the 14th facility to its global FBO network and its sixth in the U.S.“North America is a key market for Jet Aviation, and the acquisition of Enterprise Jet Center is an important step in our effort to expand our aircraft-service offerings to customers in the U.S.,” said Jet Aviation president Dan Clare.
UK-based aircraft charter and management firm Hangar8 reported yesterday that its overall revenue climbed 39 percent last year to £9.3 million ($14.6 million). This was due in large part to a 118-percent jump in aircraft management fees to £3.7 million ($5.8 million) as the number of managed aircraft rose from 22 in 2010 to 30 last year, with heavy jets accounting for five of the new additions. Charter revenues increased only moderately last year, rising 4 percent to £5.1 million ($8 million). Hangar8 reported a pre-tax profit of £518,000 ($813,260) last year.
Cleveland Hopkins International Airport-based Constant Aviation received STC approval yesterday for a Wi-Fi system, as well as Aircell’s Gogo Biz in-flight Internet system and a satcom, in a Phenom 300. Constant said this is the first-ever STC of this combination for the Phenom 300. To date, the company has done about 40 installations of this combined Wi-Fi and Gogo Biz system, six of which are in Phenom 300s.
Bombardier announced yesterday that the 400th Learjet 60 entered service this week. The milestone aircraft, a Learjet 60XR, was delivered to Morelia, Mexico-based Cinépolis on Monday. “We are delighted to mark this event with Cinépolis, a Learjet customer since 2002,” said Bombardier Business Aircraft Latin America sales vice president Fabio Rebello. Cinépolis operates 265 cinemas with 2,690 screens in Mexico, Guatemala, El Salvador, Costa Rica, Panama, Colombia, Brazil and India.
Today Gulfstream Aerospace named 25-year business aviation veteran Trevor Esling as regional senior vice president of international sales for Europe, the Middle East and Africa (EMEA). Esling, who most recently was Cessna Aircraft’s senior vice president of international sales for the EMEA region, is responsible for leading Gulfstream’s EMEA sales team from a base in London. Before working at Cessna, Esling was employed by BAe Commercial Aircraft, BAe Corporate Jets and Raytheon Aircraft.
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