ExecuJet and Angkasa Pura 1 announced today that they have signed a memorandum of cooperation to design, construct and manage as many as 13 general aviation terminals at airports in Indonesia under the management of Angkasa Pura 1. The agreement was recently signed by ExecuJet Asia managing director Graeme Duckworth and Tommy Soetomo, the president, director and CEO of Angkasa Pura 1, an Indonesia state-owned enterprise that manages airports and air traffic services in East Indonesia.
A Bloomberg Government report released June 17, said the U.S. Air Force has experienced 129 drone accidents in the past 15 years, with aircraft produced by Northrup Grumman Corp. and General Atomics Aeronautical Systems involved in more of the accidents than those of any other manufacturers.
The first Bombardier C Series CS100 will fly before the end of this year, asserted Mike Arcamone, president of the Montreal-based airframer’s commercial aircraft division, at a briefing last week at the company’s headquarters ahead of next month’s Farnborough International Airshow.
An extremely positive outlook for the commercial aerospace industry is driving strong mergers and acquisitions activity, according to Michael Richter, managing director of the aerospace and defense group at financial advisor and asset manager Lazard.
U.S. Congressional demands to block the federal government from buying biofuels for Department of Defense use threaten efforts by U.S. industry to build a leadership position in a key alternative fuel source for civil air transport, according to Christine Gregoire, g
Boeing has suffered less than other contractors from the reductions already made to the Fiscal Year 2013 U.S. defense budget. But as sequestration looms, the company “is planning for the worst,” according to Dennis Muilenberg, president and CEO of Boeing Defense and Security.
The latest personal scandal to shake the aerospace industry saw former Boeing International president Laurette Koellner unseat Henri Courpron as the seniormost executive officer at International Lease Finance Corp., parent company American International Group (AIG) announced Thursday evening.
Pre-owned business jet and turboprop inventories eased further in April with more sales transactions thinning the herd, according to the latest data from business aviation market information firm JetNet.
Switzerland-based VistaJet named Dexter Aviation, a Moscow-based Pilatus PC-12 charter operator, as its Russian partner. Under the arrangement, announced last week, VistaJet will lease two of its yet-to-be-delivered Challenger 605s to Dexter, which will base the large-cabin jets at one of Moscow’s airports when they arrive in the third or fourth quarter.
Aircraft Cost Calculator, which offers a web-based business aircraft operating cost calculator, has formed an advisory board of business aviation industry veterans “to further strengthen our application for our clients.” The four advisory board members include Rene Banglesdorf of Charlie Bravo Aviation; Dan Dickinson of Inav Group; Emmanuel Dupuy of Heli Asset of Paris; and Robert Gort of Sterling Aviation.