Business

January 31, 2013 - 3:05pm

America’s airports will require more than $71 billion worth of essential infrastructure programs over the next five years, according to a report released this week by the Airports Council International-North America (ACI-NA). That total is down by 11 percent over the organization’s previous study, which covered 2011 to 2015, a decrease attributed to the current challenging economic conditions, airline consolidation and capacity reductions and projects completed or postponed beyond the report’s horizon.

January 31, 2013 - 2:55pm

Hawker Beechcraft, in what it hopes is the final phase of Chapter 11 bankruptcy proceedings, saw its employment level in Kansas drop to 3,372 as of December 31, triggering an automatic reduction in the annual incentive payment from the State of Kansas. In 2010 the company was granted $45 million in incentives by the state, based on an agreement to maintain employment in Kansas at 4,000.

January 31, 2013 - 2:50pm

The delivery schedule for the Eurocopter EC175 medium twin has moved further to the right. The unidentified first customer is now expected to receive the first example in the fourth quarter, instead of September, according to a recent update from Eurocopter. In addition to the delay in avionics development, CEO Lutz Bertling cited the better-than-projected performance, which involves reopening certain certification files.

January 30, 2013 - 12:40pm

In ruling on a request by Hawker Beechcraft to “reject certain [warranty support] agreements related to the Hawker 4000 and Premier I and IA,” bankruptcy court judge Stuart Bernstein decided last week to grant the motion in part, and deny it in part.

January 30, 2013 - 12:30pm

The Aeronautical Repair Station Association (Arsa) has launched a new survey to measure the impact of the ban on new foreign repair station certificates. The ban is the result of the U.S. Congress prohibiting the FAA from acting on foreign repair station certificate applications submitted after Aug. 3, 2008, because the Transportation Security Administration had not finalized repair station security rules.

January 30, 2013 - 12:22pm

Duncan Aviations parts consignment program sold $1.07 million in consignment parts and rotables last year and saw the number of consigners increase by nearly 30 percent. Customer parts are stored in Duncan’s warehouse until sold. During the process, the consigner retains title to the inventory. Duncan Aviation also protects the consignor in case the purchaser defaults on payment and maintains insurance against casualty and subsequent loss.

January 30, 2013 - 12:10pm

Dallas Airmotive has restructured its sales force to align personnel with customer base locations. Each sales person now represents the entire product line so customers have one point of contact. As a result of the restructuring, Jim Blasingame is senior sales director and will handle major accounts, OEM relationships and sales support. Territorial directors include Jeff Turner (Western U.S.), Jeff Dunn (Central U.S.), Randy Sasser (Southeast U.S.) and Mike Frazier (Northeast U.S.). Mark Russo will take the position of program director for APU products.

January 30, 2013 - 12:05pm

BBA Aviation has promoted Peg Billson to president and CEO of the BBA Aviation Aftermarket Services division. It is composed of Ontic, Dallas Airmotive, Premier Turbines, H+S Aviation, International Turbine Service, W.H. Barrett Turbine Engine Company, International Governor Services and APPH. In her new role, Billson assumes overall leadership responsibility for the division and will continue to serve on the BBA Aviation Executive Committee.

January 29, 2013 - 4:25pm

Hawker Beechcraft’s key creditors voted “overwhelmingly” on Friday to approve the Wichita-based aircraft manufacturer’s proposed joint plan of reorganization as part of its efforts to emerge from bankruptcy. JPMorgan Securities and Credit Suisse Securities will jointly structure, arrange and syndicate $600 million in exit financing for the post-bankruptcy standalone company, Beechcraft Corp.

January 29, 2013 - 4:15pm

Clearwater, Fla.-based Piaggio Avanti fractional operator Avantair says that its flight and maintenance operations have fully recovered from a three-week voluntary standdown that ended in November. Further, it has closed a second round of funding since the grounding and hired a new COO.

 
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