Hawker Pacific, a leading general aviation sales and support company throughout Asia, is to be sold by Sweden’s Saab group to Lynton International Holdings of the UK. The deal has been agreed in principle for an undisclosed amount and should be completed over the next few months.
“Wake up, smell the coffee: the Avro Business Jet (ABJ) has arrived!” is the message from BAe Systems Regional Aircraft and two new partners announced here yesterday. As reported in Tuesday’s EBACE Convention News, the UK manufacturer has teamed with maintenance and cabin-interiors specialists to provide a one-stop shop for prospective customers looking for a large-capacity corporate jet.
This morning, BAE Systems Regional Aircraft (Booth No. 2055) plans to reveal teaming arrangements with a completion center and a design house for the Avro Business Jet (ABJ), a corporate version of its BAe 146/Avro RJ regional-quadjet, for which it claims “all-time high” market interest. “Sales of the aircraft have taken off in the past twelve months,” said sales executive Andy Whelan.
BAE Systems Regional Aircraft has completed four months of test flights in its new Avro RJX85, leaving officials “very confident” of meeting, if not exceeding, the 15- to 20-percent-enhanced fuel burn and other performance-improvement targets set for the 80- to 112-seat quad-jet.
Regional-aircraft manufacturers face the prospect of increased financial risk in coming years, despite having been able to reduce sales costs since the mid-1990s, according to Moody’s Investor Service. As the economic recession continues, the New York-based credit research agency said such companies might not escape global requirements for more financial assistance to operators.
Attending its first ERA assembly since abandoning development of the Avro RJX regional jet series late last year, BAE Systems was able to announce a wave of new lease deals. Turkish Airlines extended its lease for 12 Avro RJs–nine RJ100s and three RJ70s–for the third time since taking the aircraft in 1993.
The defense facet of Farnborough 2002 was focused on new technology to be deployed in the war on terror. Unmanned aerial vehicles (UAVs)–once an obscure sideshow–moved to center stage. Though confined to the static display line, Northrop Grumman’s Global Hawk surveillance platform–as proven in the recent Afghanistan conflict drew a lot of attention.
National Jet Systems opened a regional aircraft maintenance facility in Brisbane, Australia. The 62,000-sq-ft complex includes a 46,000-sq-ft hangar that will hold three airliners simultaneously. The company operates a fleet of BAE Systems 146s and Avro RJs on wet leases for flag carrier Qantas and as corporate shuttles for the Australian mining industry.
The F-35 Joint Strike Fighter (JSF) will cost much more than currently predicted, and the expected cost per flight hour already exceeds that of the F-16, according to the U.S. Government Accountability Office (GAO).
It might seem strange that the aerospace world awaits with such anticipation Singapore’s choice of advanced jet trainer, especially since it will probably involve no more than a dozen aircraft. But, as Alenia Aermacchi’s CEO Carmelo Cosentino remarked here at the show, “Singapore is one of the most sophisticated and demanding customers in the world–and we like that because we have the best product.”