Berkshire Hathaway

June 20, 2007 - 5:44am

The Paris Air Show, being held this week at Le Bourget Airport, is turning out to be a major event for both business jet and jetliner manufacturers. Cessna said this morning that it landed a major order from NetJets and NetJets Europe valued at more than $1 billion. The deal is for 96 Citations (50 Encore+s, 37 XLS+s and nine Citation Xs). Bombardier is in on the action with a firm order for six Learjets from UK-based Skytime.

June 19, 2007 - 10:44pm

Hawker Beechcraft has signed a multi-year contract with Satyam Computer Services, India’s fourth-largest software exporter, to provide design and other services.

Selected for its aerospace engineering experience, Satyam will enable Hawker Beechcraft to streamline its engineering operations and “respond more quickly to business opportunities,” the U.S. airframe manufacturer said.

June 12, 2007 - 9:50am

The new owners of Hawker Beechcraft are starting on a high note. The company announced greatly improved first-quarter earnings last week, with net sales in the first quarter of this year up 32.3 percent from the same period a year ago, to $667.8 million. Hawker Beechcraft delivered 60 turbine aircraft in the first three months of this year, placing it second overall in terms of units shipped.

June 7, 2007 - 10:05am

Cessna Citation 560 Ultra, Farmingdale, N.Y., April 10, 2007–Taxiing at Republic Airport on Long Island, the NetJets Citation hit a parked maintenance van. There was minor damage to the van and the aircraft, but no injuries were initially reported. The Citation was registered to NetJets Sales, c/o Macafee & Taft, Oklahoma City.

May 31, 2007 - 6:08am

The newly formed Hawker Beechcraft announced its first fleet sale at EBACE in Geneva last month. NetJets Europe signed a contract for the purchase of 32 Hawker 4000 super-midsize jets. Deliveries of the aircraft are expected to begin next year and continue through 2016. The value of the contract, which includes maintenance, is more than $700 million.

May 23, 2007 - 12:25pm

Lufthansa Private Jet is here at EBACE 2007 at Booth No. 1240 enjoying the unexpected success of a combined airline-business jet product it launched just two years ago. It is now considering branching out into the U.S.

May 23, 2007 - 11:40am

Gulfstream kicked off EBACE with an order for three G450s (and options on another 17) from National Air Services (NAS) of Riyadh, Saudi Arabia. The agreement, potentially worth more than $650 million if all options are exercised, calls for delivery of the first aircraft in the third quarter of 2009. Deliveries will continue for the following five years. NAS ordered three G450s in 2005 for delivery before the end of this year.

May 23, 2007 - 5:58am

Nayak Aircraft Services Group, headquartered in Cologne, Germany, has teamed with LoPresti Speed Merchants of Vero Beach, Florida, to certify, market, install and maintain in Europe LoPresti’s Boom Beam landing and taxi light systems, the only xenon landing and taxi lights available for business aircraft.

May 22, 2007 - 11:29am

Less than two months after completion of the sale of Raytheon Aircraft to the investment firms GS Capital Partners and Onex Partners for $3.3 billion, the newly formed Hawker Beechcraft announced its first fleet sale yesterday at EBACE.

May 21, 2007 - 5:57pm

Gulfstream kicked off its EBACE press conference yesterday with a contract signing for 20 G450s (three firm and 17 options) destined for National Air Services of Saudi Arabia. The agreement, potentially worth more than $650 million if all options are exercised, calls for delivery of the first aircraft in the third quarter of 2009. Other deliveries will continue for the following five years.

 
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