Baker Aviation’s maintenance facility at Addison Airport, Texas, has received FAA approval as a Part 145 repair station. The facility is currently the only certified repair station on the field.
Vision Technologies Aerospace has terminated its asset purchase agreement with Pemco World Air Services, as reported in AIN in June. VT Aerospace intended to acquire Pemco’s Tampa aerospace facility and other assets. The decision to terminate the agreement was made after the seller could not fulfill certain conditions before the closing deadline.
Tactair Fluid Controls has launched a new technology program that gives OEMs the option of installing electro-mechanical, optionally actuated landing gear and door uplocks. The focus of the program is to offer a choice between an electro-mechanical release and the traditional mechanically actuated release. Tactair says the new electro-mechanical alternative uplock release offers increased flexibility and opportunities for significant weight savings.
A J Walter Aviation is to buy the component repair business of Aveos Fleet Performance. AJW plans to develop an MRO operation and will establish Aveos’s Montreal facility as its new global aircraft components maintenance headquarters. The acquisition is part of a larger expansion program that has included establishing offices in Miami, Dubai and Singapore; additional spares hubs across Europe, Asia, the Middle East and the Americas; and the launch of a new engine division. A UK global headquarters and logistics center will open later this year.
In its 30th year in business, 25 of them manufacturing aircraft pocket doors, Steecon has expanded its business to include hi-lo single- and dual-pedestal tables in both electric and manual variants.
According to corporate accounts manager Julie Erickson, the product list also includes an electric side-ledge table, monitor lifts and mounts and even an electric version of its curved pocket door.
Signature Flight Support’s first-half revenue fell 1 percent year-over-year to $488.6 million, parent company BBA Aviation reported today. The company says the decrease was attributable largely to declines in North American and European business and general aviation movements of 1 percent and 4 percent, respectively.
Business aviation analyst Brian Foley believes that the Latin American market has been under-appreciated by the industry. “It currently accounts for 10 percent of all the world’s business jets, and it operates on a somewhat different economic cycle,” he said. While the European general aviation markets are essentially stagnant and the Asian markets appear to be slowing, Latin America “will continue to play a key role in sustaining what has been a troubled industry, hopefully until the U.S. market regains its strength,” he said.
Air Methods, the largest helicopter EMS provider in the U.S., posted an exceptionally strong second quarter. Revenue at the company increased to $222.5 million, a 48-percent jump from the same quarter last year.
In the first six months, Air Methods reported revenue of $413.3 million, up 47 percent versus the same period last year. Net income for the quarter increased 217 percent to $31.4 million, compared with the prior-year second-quarter net income of $9.9 million. For the first six months, net income increased by 181 percent to $43.9 million.
Astronics acquired Portland, Ore.-based Max-Viz, a developer and designer of enhanced vision systems for fixed- and rotary-wing aircraft, for $10 million in cash last week. The ultimate price could rise to $18 million, if certain revenue targets are met over the next three years. Max-Viz enhanced vision systems are certified for installation on more than 20 business aircraft types, as well as more than a dozen turbine helicopters. The company also holds similar certifications for multiple piston aircraft.
NBAA membership recently topped 9,000 companies, a new record reflecting a growth rate of 25 percent in recent years. “Our membership growth is testimony to the value of business aviation and NBAA’s role in representing this essential industry,” said Ed Bolen, NBAA president and CEO. “Now more than ever, businesses depend on the use of aircraft to remain competitive and successful in a highly challenging global marketplace.” NBAA was established in 1947 with 19 charter members. Today, the association represents some 9,103 companies of all sizes in the U.S.