When the General Aviation Manufacturers Association (GAMA) released its third-quarter delivery totals on Halloween, it was preparing the industry for some trick or treating.
Companies listed on the New York Stock Exchange
Ethiopian Airlines signed a 10-year “OnPoint” maintenance agreement with GE Aviation for its GE90 engines. Under the agreement, GE (Pavilion A9) will maintain GE90 engines on 16 Ethiopian Boeing 777s. OnPoint agreements are customized service agreements tailored to the operational and financial needs of airline customers, GE said. The agreements are designed to help lower customers’ cost of ownership and maximize their use of assets.
Lockheed Martin announced last Friday that it plans to close four facilities and reduce operations at a fifth, with the loss of 2,000 jobs. The closures affect the company’s Information Systems & Global Solutions (IS&GS); Mission Systems and Training (MST); and Space Systems business areas. A further 2,000 jobs in these business areas will be eliminated through “operational efficiency initiatives,” the company said.
Rockwell Collins (Booth No. 9806) announced at NBAA 2013 enhancements to its Ascend Flight Manager app for the iPad that enables performance-based fight planning and dynamic flight tracking for Regional Trip Support subscribers. The Ascend Flight Manager app is now available at the Apple App Store.
GE Aviation is aiming to expand its Business and General Aviation business to $1 billion in revenues by 2020 from the current $300 million level. This is already significantly up from the $150 million it turned over in 2008. Brad Mottier, vice president and general manager of the unit, said $1 billion has been the goal he has headed for since 2008. The challenge, he believes, is to right-size products from the larger GE Aviation into engine technology for business aircraft “that the market can afford.”
Embraer Executive Jets is making a splash here in Las Vegas, having brought its entire industry-spanning product line to the static display, including its new Legacy 500, which is making its first North American show appearance, and the Lineage 1000E extended-range version of its fleet flagship, which is sporting the manufacturer’s new branded paint scheme.
The F-35 Joint Program Office (JPO) halted the development of an alternate helmet-mounted display system (HMDS) for the Joint Strike Fighter, signaling the resolution of a potentially serious technical complication the program faced.
Embraer Executive Jets anticipates demand for 805 business jets over the next decade, according to its China Executive Aviation Market Outlook 2014-2023, released on Tuesday at the Chinese International Business Aviation Show in Shanghai. The outlook, which is based on “comprehensive studies of the country’s economic scenario,” added that large-cabin business jets represent about 51 percent of future demand, accounting for 78 percent of total value of deliveries.
Dynamic Precision Group has signed an agreement to acquire eight aerospace component fabrication and machining facilities located at three sites in the U.S., Canada and the UK. The Stuart, Fla.-based company is an independent manufacturer of complex components, specializing in the hot section of turbine engines used in commercial and military aircraft and in industrial applications. All three facilities design, manufacture and integrate components and systems for aircraft engines and airframes from Unison Engine Components, a subsidiary of GE Aviation.
Prime Fraction Club, whose members buy shares in high-end boats and automobiles as well as aircraft, has added a new six-passenger AgustaWestland AW109 Grand to its fleet, which now features 10 helicopters. The pricing structure for the fractional ownership program offers one-quarter shares in an AW109S Grand at a buy-in cost of R$3.56 million ($1.55 million), in addition to a fixed monthly fee of R$34,724 ($15,074) for maintenance, hangar space and other costs.