EADS has taken another step toward divesting itself of subsidiary Socata, the manufacturer of the TBM 850 turboprop single. France-based aerostructure specialist Daher has presented to Socata’s joint production committee plans to take over 70 percent of Socata and possibly 100 percent after three years.
EADS Socata has appointed Infinity Aviation its aircraft sales representative for Russia, Ukraine and Kazakhstan. The Moscow-based company will largely be marketing Socata’s TBM 850 turboprop single.
Bend, Ore.-based Epic Aircraft continues to pursue certification of its $1.2 million single-engine, owner-built kitplane, the Epic LT, re-badged in certified form as the $1.95 million Dynasty.
EADS has taken another step toward divesting subsidiary Socata, the manufacturer of the TBM 850. France-based aerostructure specialist Daher has presented to Socata’s joint production committee plans to take over 70 percent of Socata and possibly 100 percent after three years. The would-be majority shareholder is committing to keep all employees at Socata’s Tarbes headquarters and main factory.
U.S. Secretary of Defense Robert Gates last week called off the revised KC-X tanker solicitation before the final request for proposal (RFP) was issued.“We can no longer complete a competition that would be viewed as fair and objective in this highly charged environment,” he said.
European Aerospace and Defense Systems (EADS) is the world’s second-largest aerospace and defense company (after Boeing).
In its effort to catch up with fast-growing neighbor Dubai as an aerospace hub, Abu Dhabi companies announced several key developments here at the Farnborough show. The deals will launch tier-one aerospace manufacturing in the Arabian Gulf, and significantly expand local maintenance, repair and overhaul capability.
Recent industry scuttlebutt that Daher Aerospace will take a majority stake in EADS Socata is likely to be confirmed next month following “exclusive negotiations” between the two companies announced last month.
EADS Socata celebrated the 20th anniversary of the first flight of its TBM 700 with a new and larger display at the 56th EAA AirVenture in Oshkosh, Wis., held July 28 to August 3. Two 2008 TBM 850s, equipped with Garmin G1000 integrated avionics and outfitted with a new-style cabin interior, are the centerpiece of Socata’s 10,000-sq-ft display. These aircraft will also carry the TBM 850’s new paint scheme.
Organizationally troubled Sentient Flight Group will be undergoing a restructuring, only a few weeks after the Weymouth, Mass.-based charter operator and management firm announced that company chairman Gregory Campbell would be replacing Steve Hankin as CEO.