Business

November 29, 2012 - 3:50pm

Bombardier Aerospace delivered NetJets’ first “signature series” Global 6000 at a special ceremony today in Montreal at Bombardier’s Global Completion Centre. “Today NetJets has unquestionably become part of the Bombardier Business Aircraft family,” said Bombardier Business Aircraft president Steve Ridolfi.

November 29, 2012 - 3:45pm

The Baltic Air Charter Association (BACA) launched an escrow facility to provide a secure deposit for funds being paid in advance by customers for air charters worldwide. “Clients may be asked to pay a substantial deposit to secure a charter flight but there is little protection if one of the other parties–the broker, the agent or the aircraft operator–goes out of business before the flight takes place,” said BACA chairman Dick Gilbert. “The escrow account allows BACA brokers to offer their clients safeguarded advance payments for charter flights or programs.”

November 29, 2012 - 3:35pm

UK-based aircraft charter and management company Hangar8 has acquired Farnborough-based aircraft management company International JetClub (IJC) for about $1.8 million in cash. The acquisition takes the company’s number of aircraft under management from 40 to 50, of which four are helicopters and 22 are large-cabin, long-range jets. Hangar8 also announced its year-end results yesterday, showing a 32-percent increase in gross profits to $7.5 million.

November 29, 2012 - 3:30pm

Aerobridge, an organization founded in late 2005 to coordinate disaster-relief efforts by general aviation operators, is challenging every member of the aviation community to contribute $10 “so that when the next disaster hits, we can share the fuel expense.” During Aerobridge’s recent operations in response to Hurricane Sandy, it coordinated more than 95 aircraft flights to New Jersey and New York that brought more than 51,000 pounds of needed supplies to victims. It also trucked in more than 72,000 pounds of supplies.

November 28, 2012 - 2:20pm

The future is uncertain for Waterford, Mich.-based aviation services provider Aerodynamics Inc. (ADI) after the company laid off its remaining MRO staff last Wednesday. At the beginning of October, the company, which also operates an FBO and aircraft management business at Oakland County International Airport, announced a suite of layoffs of approximately half its employees, and another round followed earlier this month, around the same time its subsidiary ADI Shuttle Group filed for bankruptcy protection, citing more than $1 million in liabilities.

November 28, 2012 - 2:16pm

GE Aviation has acquired Morris Technologies and sister company Rapid Quality Manufacturing, of Cincinnati, Ohio, as part of a planned expansion of engineering and manufacturing capability. The terms of the deal were not disclosed. The two privately held companies specialize in additive manufacturing, an automated process for creating rapid prototypes and end-use production components.

November 28, 2012 - 2:11pm

Canada-based Flying Colours has announced its first Saudi-registered aircraft maintenance project. Arriving early next year, the Challenger 604 will undergo a variety of major inspections, service bulletins and interior refurbishment at Flying Colours’ Peterborough, Ontario facility.

November 27, 2012 - 3:05pm

Piper Aircraft named Piper Summit Aircraft China Beijing as its authorized dealer in China for sales of new Meridian turboprop singles. According to Piper Summit CEO Jack Chan, the annual growth rate for piston and turboprop aircraft operating in China is nearly 40 percent, with this fleet expected to expand from 1,700 aircraft earlier this year to about 7,700 by 2015. The new Piper dealer conducted Meridian demonstrations for potential customers as the airplane flew en route to Airshow China 2012 earlier this month in Zhuhai.

November 27, 2012 - 2:55pm

Business aircraft movements at Lagos-based Evergreen Apple Nigeria have more than doubled from a year ago to an average of 15 daily movements. Flights arriving at the African FBO are predominantly coming from Europe as business executives enter Nigeria. Arrivals from the Middle East are also increasing, it added. Driving the growth is expansion of the oil and gas energy industries, which have attracted renewed interest from European companies.

November 27, 2012 - 11:35am
VistaJet, Bombardier

VistaJet announced a deal today worth up to $7.8 billion for 56 Bombardier Globals, with options for up to another 86. Deliveries of this latest batch of Bombardier jets under firm order are due to begin in January 2014 and run through the end of 2017.

 
X