Business

June 22, 2012 - 4:00pm
Dennis Muilenburg, president and CEO of Boeing Defense and Security (Photo: Boeing), is ‘planning for the worst’ as sequestration looms for the U.S.

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.

June 21, 2012 - 6:54pm

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.

June 21, 2012 - 4:30pm

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.

June 21, 2012 - 4:20pm

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.

June 21, 2012 - 3:51pm

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.

June 21, 2012 - 3:40pm

UK-based air charter broker Air Partner announced a strategic partnership with InterGlobe Established of Gurgaon, India, to launch a range of private aviation products in India. InterGlobe will provide access to potential customers and knowledge of the Indian corporate and luxury travel markets, while Air Partner will offer clients access to the group’s on-demand charter and pre-paid jet card program. Clients will also have access to Air Partner’s commercial jet services, which charters airliners with 20 to 500 seats.

June 20, 2012 - 12:30pm

Gulfstream Aerospace is developing a specially outfitted field and airborne support team (Fast) mobile maintenance vehicle. “The new unit will not be based at a service center so it will be available to be relocated as necessary,” Barry Russell, vice president, customer support told AIN.

Operating from San Jose International Airport, the vehicle will support customers as far east as Reno. From December to early March it will shift its base to Denver’s Centennial Airport to serve operators in Colorado during ski season.

June 20, 2012 - 12:20pm

Indianapolis-based Eagle Creek Aviation Services received the 2011 Service Center of the Year Platinum Award from Twin Commander Aircraft. “The Twin Commander accounts for a significant amount of our sales and service business every year. We think it’s a great airplane and enjoy working on it,” Richard Branch, vice president of Eagle Creek Aviation, told AIN.

June 20, 2012 - 12:11pm

Robert Bryant has joined UK-based International Bureau of Aviation as manager of technical projects. He joins the firm from SpiceJet in India, where he was vice president. He has also held senior positions at Air Astana and Al Salam Aircraft and has worked with carriers such as British Airways and Saudia. An IBA spokesman said the consulting firm has seen demand for expert-witness testimony in the field of aircraft maintenance increase 400 percent over the last two years. IBA advises commercial and business aviation clients, aircraft engine manufacturers and operators.

June 19, 2012 - 4:20pm

Bombardier Aerospace “is confident in the strong, long-term potential of the business aircraft industry” and, in its latest 20-year forecast for the business aircraft market, released today, it predicts deliveries of 24,000 business jets (excluding very light jets and bizliners) worth $648 billion from 2012 to 2031. Broken down in 10-year increments, the forecast anticipates 9,800 business jet deliveries worth $266 billion from 2012 to 2021 and 14,200 deliveries worth $382 billion from 2022 to 2031.

 
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