Flight risk assessment tools (FRATs) could help alleviate a common human-factors conundrum.
Boeing has expanded its supplier base into the Middle East by awarding a 10-year contract to Strata Manufacturing, the Al Ain-based subsidiary of Mubadala Aerospace in the United Arab Emirates. The deal, announced at the Global Aerospace Summit in Abu Dhabi on April 17, covers empennage ribs for the 777 twinjet and vertical fin ribs for the 787.
The International Monetary Fund’s April 18 warning that Europe’s banks could lose some $2.6 trillion over the next 18 months lent weight to concerns of a continuing aircraft finance drought recently voiced by airline treasurers and finance bosses.
Embraer’s backlog for commercial airliners fell to its lowest level in more than five years, following a first quarter in which it delivered 21 E-Jets but sold only 12. As of March 31, its firm backlog stood at $14.7 billion, compared with $15.4 billion at the end of last year. The value of its backlog has fallen from a high of $21.6 billion in the third quarter of 2008.
US Airways has signed agreements with the three unions that represent nearly 55,000 American Airlines employees calling for all the parties to work collaboratively toward labor contracts should the two airlines merge.
Cessna Aircraft and Bell Helicopter parent company Textron reported first-quarter revenues of $2.9 billion yesterday, up 15.2 percent from a year ago, and $247 million in manufacturing profits, an $80 million increase attributable largely to Bell. While quarterly revenues at Cessna increased by $113 million year-over-year, to $669 million, the division still recorded a loss of $6 million, though the red ink was shallower than the $38 million loss in last year’s first quarter.
Bell Helicopter opened a new office in New Delhi today for all of its operations in India. The company has had a presence in India for nearly 20 years, opening a liaison office in 1995. There are currently more than 100 Bell helicopters operating throughout India, it noted.
“We believe there are tremendous growth opportunities in terms of sales and manufacturing [in India],” said Bell president and CEO John Garrison. “This is an important day for Bell Helicopter as we celebrate our continued commitment and partnership with our customers in India.”
Los Angeles-based aircraft charter and management firm Jet Edge was named “Private Jet Services Company 2012” yesterday by the Institute of Transport Management. Bill Papariella–a business aviation industry veteran with experience at Sentient, Marquis Jet and NetJets–founded Jet Edge last July with the help of Bard Capital Group CEO Richard Bard, Western Jet Aviation CEO Jim Hansen and four other former NetJets senior sales executives. The company has five large-cabin Gulfstreams among its fleet.
Hong Kong-based Metrojet was presented with the Flight Safety Foundation Business Aviation Meritorious Service Award yesterday at the 57th Corporate Aviation Safety Seminar in San Antonio. According to Metrojet, it is the first business aviation company in Asia to earn recogntion for its commitment to safety and service excellence. Roger Lee, Metrojet’s director of corporate safety and quality, accepted the award for the aircraft charter and management firm.
Royal Jet president and CEO Shane O’Hare is predicting that the Middle East market for private jet travel could grow at 6 to 8 percent this year and next, with Royal Jet itself forecasting 15-percent growth this year. He also said the growth of the private jet market could spawn the development of global alliances among operators, along similar lines to those in the airline sector. The Abu Dhabi-based flight services company reported a 15-percent increase in first-quarter revenue from a year ago.