Business

July 24, 2014 - 2:45pm

Though second-quarter revenues and profits dipped slightly at Gulfstream Aerospace, the Savannah, Ga.-based aircraft manufacturer still recorded a “strong” quarter, Phebe Novakovic, chairman and CEO at parent company General Dynamics, said yesterday during an investor conference call. Revenues at the aerospace division, which also includes Jet Aviation, came in at $1.995 billion during the quarter, down from $2.053 billion a year ago.

July 24, 2014 - 2:40pm

Bombardier announced the retirement of Bombardier Aerospace president and COO Guy Hachey yesterday as part of a wider restructuring that will see 1,800 layoffs “in the coming months.” Hachey leaves the company after six years as COO.

July 24, 2014 - 2:35pm

Universal Weather & Aviation’s attempt to form a joint-venture company in India to conduct its own ground handling services has been stymied by the rejection of its license application by Indian authorities. The Houston-based company has operated in India, providing trip support for the past decade, with its agents acting in a supervisory role for the local ground handlers it uses.

July 24, 2014 - 12:27pm

The European Cockpit Association (ECA) has called for “intense scrutiny” of the air transport industry’s assessment of risks and the principles of flying over conflict zones in the wake of the July 17 loss of Malaysia Airlines Flight MH17.

July 24, 2014 - 11:12am

India’s loss-making Jet Airways and its new 24-percent owner Etihad Airways are formulating plans for restructuring debt and fleet rationalization for enhancing a full-service branding. Jet, reporting $689 million in declared losses last year, expects to show profits by 2017, founder and chairman Naresh Goyal said at a July 23 press conference in New Delhi.

July 24, 2014 - 10:20am

Bombardier on Wednesday announced the retirement of Bombardier Aerospace president and chief operating officer Guy Hachey as part of a wider restructuring that will see 1,800 layoffs “in the coming months.”

July 23, 2014 - 3:20pm

Timken Alcor Aerospace Technologies and Phoenix Heliparts have signed a new partnership agreement. Phoenix Heliparts will now offer Timken products through its online storefront, improving off-hours convenience to customers. The company will also use Timken’s component overhaul services, covering a multitude of aircraft. Timken has more than 1,600 FAA-approved PMA products, as well as component repair experience, and expects to raise its market presence with the new partnership.

July 23, 2014 - 3:10pm

STS Component Solutions has opened a new support office in Turkey and hired Omur Basol to spearhead its marketing and sales activities. Basol is a former purchasing executive for several Turkish airlines and MROs. The new office complements existing locations in the U.S., Brazil, Europe and Singapore. “Expanding our global footprint is an essential step in our strategic growth strategy,” said Tom Covella, group president. “We are excited to provide expanded support to our customers while continuing to meet growing demands within the Turkish region.”

July 23, 2014 - 9:20am
Gatwick Airport tower

Gatwick Airport, the second largest airport in the UK, plans to award German state-owned air navigation service provider DFS a 10-year contract to provide air traffic and approach services around the airport, located 28 miles south of London. The new airport tower services contract begins in October 2015

July 22, 2014 - 2:50pm

Andrew Taylor, executive chairman of Enterprise Holdings and an advocate for business aviation, will be a featured opening-session speaker at this year’s NBAA Convention, which will be held from October 21 to 23 in Orlando, Fla. “We are pleased that Andrew will share his perspectives on how business aviation has supported the growth of his company and helped it be more efficient, productive and successful in a highly competitive global marketplace,” said NBAA president and CEO Ed Bolen.

 
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