The U.S. aviation system would suffer a “devastating” hit if the process of automatic federal budget cuts known as “sequestration” takes effect in January, according to industry leaders. An Aerospace Industries Association (AIA) study released yesterday estimates that 132,000 aviation jobs would be lost in the first year as a result of sequestration, which requires $500 billion in federal non-defense spending cuts over the next decade.
The roller-coaster recovery continued for business aircraft flying activity last month in the U.S., managing a 0.6-percent year-over-year gain after sustaining a 1.3-percent loss in June, according to the latest TraqPak data from aviation services company Argus.
Part 91 flying still leads in operational category segment, posting a 3.9-percent increase last month versus a year ago. Meanwhile, Part 135 charter activity was down by 1.9 percent and fractional flying dropped by 6 percent last month, largely mirroring the segments’ results in June.
Milestone Aviation Group announced today that it signed a contract to purchase 19 more Sikorsky S-92s. This order is in addition to three S-92s purchased by the aircraft lessor in February, with the first two helicopters scheduled for delivery later this year. In total, the 22-aircraft order is valued at $682 million.
“We remain positive about continuing growth of the Brazilian economy, as well as that of all Latin America,” said Embraer vice president of sales for Latin America Breno Corrêa, discussing the debut of the company’s Lineage 1000 this week.
NBAA’s Operations Service group published a document for members on July 24 designed to help flight crews and bizjet operators better understand the requirements to bring an EFB–such as the iPad–into the cockpit as a replacement for paper charts. iPads in the cockpit operate on apps such as Jeppesen’s Mobile FD.
The American Antitrust Institute (AAI) and Business Travel Coalition (BTC) last week publicly released a jointly produced white paper sent to the U.S. Department of Justice that explains their opposition to the merger between US Airways and American Airlines. The 28-page report concludes that such a merger could substantially reduce competition on a number of routes, create regional strongholds at key airports across the country and starve smaller communities of air service vital to their business interests.
The long anticipated business aviation recovery might truly be under way, according to the General Aviation Manufacturers Association (GAMA), which released its first-half aircraft delivery numbers this afternoon.
“We are starting to see positive signs in the 2012 shipment data,” said GAMA president and CEO Pete Bunce. “When coupled with the positive trend we are seeing in the used market, we may finally be seeing the start of our recovery.”
A test aircraft assigned to Bell Helicopter’s XworX research-and-development division crashed Tuesday morning 10 miles from Avalon, Texas. The two-pilot crew was uninjured.
Wreckage video taken by a Dallas television station shows that the twin-engine Bell 214ST was flying a main-rotor system that had five blades when pilots made an emergency landing in a field and then gently rolled onto its right side. The video does not show any remains of the tail rotor.
NetJets parent Berkshire Hathaway reported yesterday that its other businesses, which includes NetJets, grew 2012 revenues to $2.152 billion in the second quarter and $4.199 billion in the first six months, up 3 and 4 percent, respectively. Earnings in 2012 reflected increased earnings at NetJets and earnings from the Omaha World-Herald.
Bombardier today reported aerospace revenues for the second quarter increased to $2.3 billion from $2.1 billion helped by business aircraft deliveries that grew to 46 aircraft, up from 35 in the same period last year. Business aircraft orders for the quarter were 134 versus 43 in the same quarter last year, boosted by the firm NetJets order for 100 Challengers. Bombardier Aerospace’s backlog has grown to $25.2 billion, up from $22 billion as of Dec.