Denton, Texas-based aircraft cabinetry and interiors manufacturer Odyssey Aerospace Components named Randy Kempf its senior director of operations. In his new role, he will oversee the cabinet and precision machining facilities. Kempf has extensive manufacturing and machining operations experience, holding leadership roles as president and CEO at Dallas-based Manufacturing Aerospace Industrial for the past 13 years.
The National Air Transportation Association (NATA), in association with the Aviation Management Consulting Group, will hold its aviation management workshop on September 16 and 17 in Savannah, Ga. The workshop provides a practical foundation in leadership and management. Subject matter is geared toward leadership, management and decision-making development, best-practice approaches, innovative strategies, and creative techniques from industry experts who have decades of experience leading and managing people and making business decisions.
GA Telesis has received the “Good to Great” award from the Greater Miami Chamber of Commerce. The regional award program honors companies based in South Florida that embody ideas from Jim Collins’s bestselling business book Good to Great. The Good to Great Award highlights companies that have shown exceptional growth and development over a four-year period.
GA Telesis received the award for its double-digit growth and global expansion initiatives over the last few years, including the establishment of both GA Telesis Engine Services and GA Innovation China.
Atlanta-based Precision Aviation Group (PAG) has named Adrienne Robinson vice president of business development. Before her new appointment, Robinson served PAG in dual roles: she joined the company in 2012 and three months later was asked to take on the additional role of president of Precision Aviation Services (PAS) in Peachtree City, Ga. During her leadership of PAS, Robinson negotiated an agreement with Airbus Helicopters designating PAS as an AHI Service Center, the first in the Atlanta market.
Three Chinese general aviation operators signed orders and commitments with Airbus Helicopters yesterday for 123 light singles and twins, including AS350s, EC130s and EC135s. Fujian Xinmei General Aviation (GAC) will be acquiring five AS350B3es, to be delivered this year. The company, which focuses on agricultural and utility work, has committed to another 50 light singles and twins over the next six years.
There were 67,311 business aviation flights in Europe last month, and while this was a “seasonal leap” of 9 percent over May, it was still down 0.9 percent from a year ago, according to data released today by business aviation research and consulting firm WingX Advance. “June’s decline completed a negative second quarter and means year-to-date flight activity [in Europe] is 0.4 percent lower than in 2013,” it noted.
NBAA released a new publication, “NBAA Aircraft Transactions Guide,” to assist those considering buying or selling a business airplane. Developed by the NBAA Tax Committee, the guide provides background on the most relevant FAA and DOT regulations, federal and state tax issues and aircraft ownership structures. It also maps the various steps of the aircraft transaction process, from the letter of intent to the closing.
Aircraft financing company AirFleet Capital, which is marking its 20th year in business, closed its 5,000th aircraft loan last month. AirFleet Capital has focused solely on the general aviation marketplace, transacting an average of 250 loans per year for customers purchasing aircraft, from warbirds to turbine business aircraft. The company also noted “that an increase in retail demand is well matched with bank appetites that continue to rebound.”
The mergers and acquisitions (M&A) tide is still rising in the commercial aerospace sector, according to Michael Richter, managing director and head of aerospace and defense with investment bank Lazard.
The companies have walked away from an agreement announced last year to partner on a new 5,000-pound helicopter. They continue to operate the HeliVert joint venture that produces AW139s for the Russian and CIS markets.