Bombardier closed the sale of Flexjet to Flexjet LLC, a newly created company funded by Directional Aviation Capital, last week, though aircraft are still being transferred to the new owner. When the deal was announced on September 5, the acquisition price was $185 million; following “purchase price adjustments,” it is now estimated at $195 million, including the “assumption of an estimated $70 million of customer advances” by Directional’s Flexjet LLC.
Scott’s-Bell 47’s (SB47) quest to put a revised edition of the iconic Bell 47 back into production is now a step closer. The Le Sueur, Minn.-based company recently received orders for 38 of its Rolls-Royce RR300-powered 47GT-6 helicopters from a diverse customer list, the majority of which are from authorized dealers for exports into Asia/Australasia.
Yankee Pacific–a provider of custom structures, components and systems to the executive aircraft market since 2006–will be renamed Advent Aerospace, effective January 1. Advent means “the arrival of something new,” said managing director Ken Goldsmith. “And for us, Advent Aerospace means an ever-increasing emphasis on technology and innovation to bring great new products and services to our customers and offer new opportunities for our employees.
The Central Europe Private Aviation’s fourth annual CEPA Expo, held recently in Prague, drew a “record number” of attendees. The delegates, partners and sponsors at the event took part in several panel sessions and networked with industry colleagues. At the opening ceremony, CEPA chairman Philippe Lienard, the director of foreign trade at The Ministry of Industry and Trade of the Czech Republic, welcomed conference attendees and confirmed the group’s commitment to help business aviation thrive in the region.
Kaunas, Lithuania-based FL Technics is implementing a $15 million MRO development plan that will create almost 300 new jobs, including more than 200 aircraft mechanics, engineers and other aviation technical personnel supporting commercial and business aviation customers. The company is focusing on operators from Europe, the CIS and Asia-Pacific.
Gulfstream Aerospace recently marked the first anniversary of its 82,000-sq-ft Beijing service center at Beijing Capital International Airport. It is the only business-jet manufacturer to offer factory service in China.
“It has been a successful first year for Gulfstream Beijing,” said Mark Burns, president of product support. “We have experienced steady growth and have expanded our capabilities. As the Gulfstream fleet continues to grow in the Asia-Pacific region, we’ll look for ways to enhance and add to the services we provide at Gulfstream Beijing.”
Heli-One has enhanced its website so customers can go to its helicopter Exchange Parts Inventory Channel (Epic) pages. The Epic feature enables customers to do more by connecting them to two searchable databases: Heli-One’s exchange component pool database or its surplus parts inventory database of almost 1,900 items.
Vector Aerospace Engine Services Atlantic named Malcolm Venturi as regional sales and service manager for southern and western Australia and the Asia-Pacific region. According to the company, Venturi has more than 22 years of technical and hands-on aviation experience coupled with a “deep knowledge of the Australian and Asia –Pacific aviation markets.” Venturi will provide support for fixed-wing operators flying with Pratt & Whitney Canada PT6A, JT15D, PW100 and PW150A engines.
The British Ministry of Defence (MoD) abandoned a radical plan for a commercial company to manage the UK’s defense procurement.
J.P. Morgan North American Equity Research’s latest business jet monthly update, released yesterday, paints a somewhat optimistic picture even though the data remains “mixed.” It said that business jet flying activity picked up steam in October, while pre-owned inventories continued to dwindle last month, settling at 10.3 percent. However, it is concerned that pre-owned prices haven’t yet found their footing.