Ontic has expanded the electronics manufacturing area at its Chatsworth, Calif. facility. The expansion adds more than 5,000 sq ft of floor space dedicated to mature avionics and electronics manufacturing and support. “This expansion allows us to further support mature avionics and electronics on established platforms.
Gulfstream Aerospace named Steven Meng the regional sales manager for product support sales in Southern California. He reports to Jace Stone, director, product support sales, West Region. Meng, who is based in Long Beach, Calif., is responsible for the sale of maintenance, paint and interior upgrades as well as avionics modifications to Gulfstream and non-Gulfstream operators in Los Angeles, San Diego and the surrounding areas. Before his promotion, Meng was a senior internal sales manager for product support sales at Gulfstream’s facility in Long Beach.
Global airline traffic results for January showed a 5.7-percent rise in passenger demand but an 8-percent decline in air freight compared with the same month last year, according to statistics released last week by the International Air Transport Association (IATA).
SuperJet International announced on February 28 that its board of directors has appointed Nazario Cauceglia new CEO of the company, a joint venture between Finmeccanica subsidiary Alenia Aermacchi (51 percent) and Sukhoi Holding (49 percent).
“A few years ago NetJets was my number-one worry–its costs were far out of line with revenues, and cash was hemorrhaging,” Warren Buffett, chairman of NetJets and FlightSafety International parent company Berkshire Hathaway, wrote in his latest annual letter to shareholders, released on Saturday. “These problems are now behind us,” with NetJets delivering $227 million in pre-tax earnings last year, up $20 million from 2010.
With the House of Representatives scheduled to vote this week on H.R.7, a Federal Highway Administration reauthorization bill, NATA is lobbying to get a provision included in the bill that would repeal the “onerous fuel fraud tax.” The fuel fraud provision, which was included in a 2005 FHA bill, changed the collection of taxes for noncommercial aviation jet fuel and required the funds to be deposited into the Highway Trust Fund.
Dassault Aviation released consolidated financial results for 2011 today, reporting €3.3 billion ($4.4 billion) in overall revenues for both its military and civil segments. This was 21 percent below revenues in 2010. While it didn’t release separate civil and military revenues, data released last week by the General Aviation Manufacturers Association shows that Dassault delivered 63 Falcon business jets worth $2.7 billion last year, down from 95 Falcons worth $3.9 billion in 2010. This indicates that civil aircraft revenues dropped by some 30 percent last year.
Business aircraft sales, acquisitions, trading and brokerage services firm Jetcraft opened a new office in Hong Kong today under the Jetcraft Asia banner. This establishes a permanent base in Asia for the company, which has been active in the region despite not having a “formal presence” there. Jetcraft co-owner and board member Jahid Fazal-Karim predicts a growing market for pre-owned business aircraft in Asia, particularly in China, within the next five years.
GippsAero appointed Tallahassee, Fla.-based Flightline Group as its authorized dealer for the Southeast U.S. last Thursday. The Australian-based manufacturer, which is owned by Mahindra Aerospace of Mumbai, India, currently produces the GA8 Airvan utility aircraft and it is developing the 10-seat GA10 turboprop single. Flightline Group is also the authorized dealer for Piper in the Southeast and for Honda Aircraft in the Southeast and Northeast.
Boeing Commercial Airplanes has named Larry Loftis vice president and general manager of the 787 program, replacing Scott Fancher, who has accepted two new assignments on the 777 program.
“Today we are announcing two leadership changes intended to better align our organization for the challenges ahead,” Jim Albaugh, president and CEO of Boeing Commercial Airplanes, said late Thursday.