JPMorgan downgraded Embraer yesterday from overweight to neutral, in large part due to concerns about Embraer’s airliner business. However, the investment firm noted that “continued weakness” in flight operations and other indicators “are leading us to dial back our business jet delivery forecast,” but it still predicts healthy growth in this segment.
AINalerts » September 25, 2012
Several aviation groups, including NBAA and Airlines for America, applauded the Senate’s passage of legislation in the early hours on Saturday that prohibits operators of U.S. aircraft from participating in the European Union Emissions Trading Scheme (EU-ETS), which would require them to buy carbon credits to cover aviation carbon dioxide emissions. The Senate bill, S.1956, the “European Union Emissions Trading Scheme Prohibition Act,” directs the transportation secretary to prevent all U.S.
The FAA announced a collaborative public-private NextGen effort at Florida’s major airports late last week that will increase safety and efficiency while reducing aircraft emissions. Dubbed NextGen metroplex, the initiative will improve the flow of air traffic into and out of airports in the Miami, Orlando and Tampa metropolitan areas. Similar metroplex projects are under way or planned in numerous metropolitan areas across the U.S., the FAA added.
FAA Acting Administrator Michael Huerta will be a featured speaker during the opening general session at the 65th NBAA Convention, which will be held from October 30 to November 1 at the Orange County Convention Center in Orlando, Fla. “NBAA is honored to include Michael Huerta during the kickoff event to this year’s convention,” said NBAA president and CEO Ed Bolen. “His insights on a variety of issues of importance to the business aviation community will be of great interest to all attendees.”
Among the 40 or so airports that received FAA Airport Improvement Program grants totaling more than $260 million this month, the $7.1 million allocated to Venice (Fla.) Airport to rehabilitate Runway 4/22 stands out. Just two years ago, the town of Venice was suing the FAA to downgrade the airport from a Class C to B facility in an effort to squeeze out jet activity, a violation of its previous grant obligations to the agency.
Cessna Aircraft christened its first Cessna-owned Citation Service Center today in the UK at Robin Hood Airport Doncaster Sheffield. The newly acquired 50,000-sq-ft facility, which has been rebranded as the Doncaster Citation Service Center, offers a range of services from maintenance to modernization and paint. Previously known as Kinch Aviation Services, the business has operated for 15 years and been a Cessna authorized service facility for the past four. The UK operation becomes the fourth Cessna-operated Citation Service Center in Europe.
HondaJet president and CEO Michimasa Fujino was presented the 2012 American Institute of Aeronautics and Astronautics (AIAA) Aircraft Design Award last week. The AIAA Aircraft Design Award “honors a design engineer or team for the conception, definition or development of an original concept, or career contributions leading to significant advancement in aircraft design or design technology.” According to the AIAA, Fujino is being recognized for pioneering the “unique” over-the-wing engine mount used on the in-development HondaJet.
Boston Logan International Airport landing fees for larger jets are being reduced slightly. For FAR Part 25 aircraft, effective October 1, the new fees are $4.34 per 1,000 pounds of max landing weight, a two-cent drop and the lowest they have been since FY2008. According to Massport, the airport’s owner and operating authority, this modest decrease was made possible by “maintaining controls on spending, combined with a significant savings in financing costs from a recent bond offer.”
The deadline for any business aviation professional to apply for one of eight aviation-related scholarships sponsored by Women in Corporate Aviation (WCA) International is this Sunday. The various scholarships include training at Aircare Facts, Gulfstream, MedAire and Universal Weather & Aviation, among others. Applicants can be either male or female. Scholarship winners will be announced on October 31 at the annual WCA luncheon held during the NBAA Convention in Orlando, Fla.
Rockwell Collins appointed Robert “Kelly” Ortberg as the company’s president yesterday. He joins Clayton Jones, who continues as chairman and CEO, in the newly formed Office of the Chief Executive. The appointment is effective immediately. As president, Ortberg will be primarily responsible for the operational management of the company, including oversight of its commercial and government businesses and supporting functions.