Cessna Aircraft and Bell Helicopter parent company Textron is reportedly conducting a “strategic review” that could result in the divestiture of some of its businesses, according to Reuters. Similar speculation surfaced about two years ago, with no spin-offs resulting. However, analysts believe that the outcome might be different this time, as Textron’s defense businesses encounter declining military spending. Bell Helicopter was specifically named in the story as being a candidate for divestiture.
Aircraft charter booking portal Victor is seeking to raise almost $2.3 million to fund expansion of its web-based business into German-speaking parts of Europe. According to founder Clive Jackson, membership has tripled to around 670 individuals since Victor’s launch in August. FlyVictor.com allows members to book available aircraft and resell individual seats to spread flight costs with other members.
AirAsia X, long-haul subsidiary of Malaysia’s AirAsia, the largest Asian budget carrier, plans to withdraw 11 weekly services to Mumbai and Delhi in India and 10 weeklies to its only European destinations—Paris and London—from its Kuala Lumpur hub.
Questions have arisen over Aeroflot’s decision to sell its 51-percent stake in regional subsidiary Saratov Airlines (SarAvia) due to what it called “discrepancies in Aeroflot group development strategy and the local status of this airline.”
GA Telesis Component Repair Group Southeast has received a 2011 Boeing Performance Excellence Award. GA Telesis maintained a gold composite performance rating for each month of the 12-month performance period for the second consecutive year. It is one of 122 suppliers to receive the Gold Performance Excellence Award among the 529 Boeing-recognized suppliers that achieved either a Gold or Silver level of recognition. The company supplies Boeing with maintenance, repair and overhaul services for hydraulic, pneumatic and power generation components.
Boeing has achieved a production rate of 35 Next-Generation 737s a month at its factory in Renton, Wash., the company announced today.
Wichita’s future as an aircraft manufacturing hub has appeared less than rosy of late, but the outlook took a turn for the better with news today that Bombardier plans further expansion of its Learjet facilities there. This morning, Kansas Gov. Sam Brownback and Bombardier Business Aircraft president Steve Ridolfi announced the expansion of the company’s flight-test center in Wichita, in addition to establishing a center of excellence for engineering and information technology, adding new facilities for paint and production flight-testing and building a new aircraft delivery center in the self-appointed Air Capital of the World.
In response to recent confusion regarding the status of the Cleveland Jet Center (CJC) at Cleveland Cuyahoga County Airport, AIN learned that the facility was placed into court-ordered receivership late last month as a result of default proceedings on a multimillion-dollar loan by owner Canyon Properties. Canyon is run by Scott Beale, the chairman and CEO of Michigan-based Aerodynamics (ADI), and his wife, Jennifer. At a hearing last Thursday, a Cuyahoga County court ruled that CJC will remain in the hands of the receiver until the dispute is settled or the property is sold.
India’s Directorate of Revenue Intelligence is scrutinizing eight Indian companies that it believes are basing their foreign-registered corporate aircraft overseas to evade customs duty and taxes. The agency is said to be looking at the status of a Boeing 727 owned by the UB Group, Punj Lloyd’s Gulfstream, Essar’s Boeing 737 and Bharat Hotel’s Embraer Legacy 600. Several other Indian companies’ business jets are also understood to be on the agency’s radar. India does not levy a customs duty on foreign-registered aircraft if they fly out within 15 days of arrival into the country.
Competing contractors have disclosed the industry teams they’ve assembled to pursue the FAA’s Data Communications Integrated Services (DCIS) contract, the second major step toward building the Next Generation Air Transportation System (NextGen). The DCIS contractor will provide a data communications network connecting ground and aircraft automation systems, enabling digital data communications between pilots and air traffic controllers starting in 2015.