Boeing’s recent assertion that the appetite of capital markets to fund airliner orders has increased comes as especially welcome news to manufacturers and their customers at a time when other sources of funding seem under pressure. Export credit, in particular, now comes generally at higher interest rates and with tougher equity requirements. At the same time, such government-backed capital has become a hostage to global politics, according to Kostya Zolotusky, managing director for capital markets development and leasing at Boeing Capital.
Although business has been tough for UK helicopter charter companies in recent times, Capital Air Services is in the process of increasing its managed fleet with the addition of two Sikorsky S-76++ helicopters. This will bring the S-76 fleet to three, to operate alongside a Eurocopter EC155 and a pair of EC135s.
A pair of major new suppliers for Embraer’s next-generation E-Jets identified themselves last week in a sign that program advancement continues apace despite the airframer’s reservations about communicating any details about its plans for an industrial launch or even performance specifications.
U.S. airlines have managed to stay profitable during a period of recession and spiking fuel prices, but small- and medium-sized airports have paid the price in reduced domestic air service, according to a Massachusetts Institute of Technology (MIT) study.
Yesterday at an EBACE press conference, Cessna CEO Scott Ernest provided progress reports on current production in its jet, turboprops and piston lines as well as on the research-and-development status of its mid-range and super-mid-range cabin jets.
“The Garmin 3000-equipped Citation M2 is right on track and, best of all, we’ve sold out production completely for the next two years,” he said. “The [new] Cessna Citation X is expected in quarter-four 2013, while the G5000-equipped Latitude should be flying by January 2014, and I expect that to be in service in 2015.”
A major restructuring at Air India has cut loss-making routes to 25 percent of its network in the fiscal year ending March 2013, down from 69 percent in the previous year. The airline attributes the improvement to a series of steps taken to cut costs, restructure loans, strengthen management and liquidate assets, including the spin-off of engineering and ground handling as independent profit centers.
After just a decade of operation, Switzerland- and U.S.-based Comlux (Booth 387) has a lot to be proud about. At EBACE the company is celebrating its 10th anniversary and five years of operations as Comlux USA in Indianapolis, Indiana. There are new VIP aircraft in the Fly Comlux fleet, and completions projects rolling into the hangars on both continents, as well as some intriguing plans for the future.
Montreal-based simulation and training provider CAE (Booth 372) has announced here at EBACE new training programs, expanded offerings and contract extensions for and within the business aviation community.
CAE RealCase Troubleshooting for maintenance training, introduced at the show, uses the same principles behind the RealCase recurrent training developed for pilots, incorporating recent real-life event scenarios. The training is available for the Dassault Falcon 7X, 900EX EASy and 2000EX EASy models.
Embraer has appointed Jet Aviation Basel as a fully authorized service center for the Legacy 600 and 650, allowing it to provide line and base maintenance for the super midsized business jets.
“We can now provide any kind of maintenance, exterior painting and IFE upgrades, as well as warranty and AOG support, to the growing Embraer customer base in EMEA,” said Johannes Turzer, v-p and general manager of the maintenance center at Jet Aviation Basel.