Business

October 23, 2012 - 3:10pm

Baltimore Helicopter Services has expanded its services to include travel to and from Ronald Reagan Washington National Airport (DCA), giving clients the option to land at the airport closest to the nation’s capital.

“Giving our clients access to DCA allows them to travel in the most convenient way possible throughout the Mid-Atlantic region,” said company director of sales and marketing Jessie Bowling. “We have eliminated unnecessary travel steps for our customers, so they will have more time in the D.C. area.”

October 23, 2012 - 9:19am

Boeing on Tuesday began building the first 777 at the highest rate ever for any of its twin-aisle models, the company said today. The rate of 8.3 airplanes per month amounts to a nearly 20-percent increase over the previous rate of seven per month.

Workers loaded into position the first part—the lower lobe of the 777’s aft fuselage—for assembly under the new rate in its factory in Everett, Washington.

October 22, 2012 - 12:00pm

Japan’s Sumitomo Mitsui Bank (SMBC) beat more than 30 other bidders to complete the acquisition of RBS Aviation Capital on October 15, demonstrating the growing importance of leasing in new-airliner acquisitions. The bank’s new SMBC Aviation division intends to merge two other leasing companies owned by its shareholders to challenge for the number-three position in the leasing sector, controlling some 331 aircraft.

October 22, 2012 - 11:55am

Airbus might have to seriously consider alternative means of financing development of the A350 if the German government withholds loans of €600 million ($787 million) for the project, as reported in the German press. Airbus won’t comment, nor will German government officials, but any such development would force parent company EADS to defer to its plan to use its own funds rather than accept political influence over its decisions on work share or production locations.

October 20, 2012 - 2:00pm

Honeywell Aerospace (Booth No. N4100) has recently signed new partnerships that will enhance the flight planning capabilities available to business aviation pilots and operators through its Global Data Center (GDC), including new runway analysis data, expanded international trip support and added weather radar capabilities.

October 19, 2012 - 6:04pm
 If no bids are forthcoming, Hawker Beechcraft is mulling shutting down production of its business jet lines.

After four months of intense negotiation, a deal for the sale of Hawker Beechcraft to Superior Aviation Beijing collapsed October 18 with an announcement by HBC that the parties could not come to terms and it would proceed with the stand-alone plan of reorganization.

October 19, 2012 - 10:45am

The arrest of 11 members of an alleged Russian military procurement ring in Houston earlier this month was an exceptional but not isolated example of foreign interests attempting to acquire advanced technologies by skirting U.S. export control laws. “This is exceptional in the sense of the scale and scope. But these types of procurement networks are very common,” said Douglas Jacobson, an international trade attorney who specializes in export controls. “Efforts to procure a variety of U.S.[products] are common from Iran, from China, from other countries,” he added.

October 19, 2012 - 9:57am

Fuel efficiency and its effect on the useful life of aging aircraft is a dominant factor in the thinking of aircraft leasing companies, which are increasingly helping credit-squeezed carriers to refresh their fleets. Their presence in the market for airliner acquisition has continued to grow in the last two decades, with operating leases now thought to account for almost 40 percent of total deals today.

October 18, 2012 - 3:35pm

The $1.79 billion deal for Superior Aviation Beijing to acquire bankrupt Hawker Beechcraft has been scrapped, the Wichita-based aircraft manufacturer announced this morning. As a result, Hawker Beechcraft now plans to emerge from bankruptcy protection in the spring as a standalone company focusing on its turboprop, piston, special-mission and trainer/attack aircraft, as well as parts, maintenance, repairs and refurbishment businesses. The company’s Hawker business jet lines will likely be sold–in whole or individually–or shut down, it added.

October 18, 2012 - 3:30pm

Third-quarter earnings at Cessna Aircraft and Bell Helicopter parent company Textron rose 6.6 percent year-over-year, to $3 billion, though its manufacturing segment profits slid by $6 million to $254 million. Half of that decrease was attributable to Cessna, which showed a pre-tax profit of $30 million in the quarter versus $33 million last year. But pre-tax quarterly profits at Bell soared by $22 million, to $165 million.

 
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