Hawker Beechcraft (HBC) is holding preliminary discussions about expanding manufacturing operations into China, according to a company spokeswoman, who confirmed reports of HBC’s growing interest in the China market. Company CEO Bill Boisture has visited China a few times in recent months, she said, but HBC hasn’t yet publicly identified Chinese companies with which it might partner.
Advocacy efforts by NBAA members, the Connecticut Legislative Aviation Caucus and the Connecticut Business Aviation Group to fight a personal property tax on all aircraft based in the state were successful. Last month, the House and Senate in Connecticut passed a budget that does not contain “the potentially devastating tax increases for aviation that were proposed in earlier versions,” NBAA said.
Bond Aviation Group has been acquired by World Helicopters, a holding firm owned by Investindustrial and KKR. Bond and Spain’s Inaer now share the same parent company. According to a joint statement, Bond owners Peter and Stephen Bond have made “a substantial financial investment” in World Helicopters. The Bond brand “will continue,” as will the current senior management team.
Advocacy efforts by NBAA members, the Connecticut Legislative Aviation Caucus and the Connecticut Business Aviation Group to fight a personal property tax on all aircraft based in the state were successful. On Tuesday night, the House and Senate in Connecticut passed a budget that does not contain “the potentially devastating tax increases for aviation that were proposed in earlier versions,” NBAA said.
First-quarter 2011 business jet and turboprop sales and retail transactions were positive, according to data providers Amstat and JetNet. “There are a lot of promising trends here,” wrote Amstat executive v-p Tom Benson in the company’s latest market update report. About 14.2 percent of the worldwide business aviation jet fleet is for sale, down from 14.7 percent three months ago. The turboprop fleet dropped to 11.6 percent from 11.9 percent.
After months of legal wrangling and speculation, the assets of the SJ30 light jet program were purchased on April 7 from bankrupt Emivest Aerospace by the parent company of one of the aircraft’s primary airframe suppliers, Utah-based Metalcraft Technologies, for $3.5 million in cash.
The UK’s Bond Aviation Group, parent company of Bond Air Services and Bond Offshore Helicopters, has confirmed that it is in negotiations with investors, including Investindustrial and KKR, joint owners of Spain-based Inaer. Press reports had suggested Investindustrial and KKR were about to take over Bond but “these are still only negotiations,” Bond insisted.
For a pilot worried about whether the next bump in operating costs will be one more incentive for the boss to sell the airplane, recent volatility of oil prices and rising jet-A prices must be disturbing.
Attractive pricing persists on many popular models despite a continued tightening of inventory to its lowest level since peaking less than two years ago.
Emivest Aerospace has had its court-administered Chapter 11 bankruptcy protection extended through midsummer while it tries to complete the sale of the companyπs assets to an entity owned by the Chinese government. Attorneys for the maker of the SJ30 light jet successfully petitioned the U.S.