Superior Aviation of Beijing, China, has agreed to acquire financially troubled Hawker Beechcraft for $1.79 billion. Under the terms of the “strategic combination,” Superior Aviation also agrees to make payments over the next six weeks of the “exclusivity period” to support ongoing jet-related operations as a means of sustaining the jet business until the transaction closes.
Singapore Airshow organizers believe they can set new attendance records at the next running of the event, Feb.11-16, 2014 at the Changi Exhibition Center. Angelica Lim, general manager of Experia Events’ aerospace and defense group, told AIN about some planned changes, including new themed areas for simulation and security.
Late last night, Hawker Beechcraft announced that China-based Superior Aviation Beijing Co. has signed an “exclusivity agreement” to buy the whole U.S. aircraft manufacturer, minus its defense business. Hawker Beechcraft filed for U.S. Chapter 11 reorganization in May and just last week outlined a framework to exit this protection by year-end. Part of this plan included a potential sale, which is now the likely outcome.
Simrit, a global supplier of precision-manufactured products for the aerospace industry, is focusing on fuel efficiency as the main theme during the show. The company is promoting its recently developed proprietary, low-density silicone materials–AMS 3302 and AMS 3303–to commercial airframe manufacturers. It has started supply to an undisclosed manufacturer, and the first aircraft using the new material will enter service in early 2014.
The Association for Unmanned Vehicle Systems International (AUVSI) proclaims that unmanned aircraft systems (UAS) represent quite possibly the most significant advancement in aviation in decades. The AUVSI says it also believes responsibility for safe operations is paramount.
The International Helicopter Safety Team (IHST) has expanded its library of safety tools with 11 new documents for pilots, mechanics and operators. The tool kits and safety leaflets focus on four primary areas the team believes will help reduce helicopter accidents. These include safety management, training, maintenance and equipment/technology.
This year’s Canadian aerospace presence at Farnborough is larger than ever, with nearly 130 organizations attending. Although some companies have their own stands, the national pavilion (Canadian Pavilion, Hall 4 Stand C17-19), one of the largest at the show, reflects the diversity of the country’s aerospace and defense sector and, in particular, the capabilities of its regional clusters.
Andalusian aerospace cluster Hélice (Hall 1 Stand C8) is promoting the capabilities of the Spanish region’s companies and research facilities, including its flagship: Airbus’s final assembly line for the A400M military transport. Hélice is also attending the 2012 Farnborough International Airshow on behalf of about 120 other firms, some 90 percent of which are based on the Seville-Cadiz axis.
China’s first private regional airline, China Express, based in Guiyang, has finalized a $264 million deal for six Bombardier CRJ900 NextGen regional jets. The value could rise to $491 million if the carrier, which will become the first to operate NextGen models in the country, exercises options for five more of the jets. Its current fleet consists of five Bombardier 50-seat CRJ200s.
Austro Engine (Outside Exhibit 18), part of the group that owns Austria’s Diamond Aircraft, is exhibiting its new diesel and rotary engines for light aircraft and drones at the 2012 Farnborough International Airshow. The company is actively talking to other airframers about finding new applications for its AE series of diesel engines, which will include the in-development AE500.