Beechcraft provided an update on the company’s fortunes and handed over the keys to the first King Air 350i ordered by membership aircraft access provider Wheels Up on Monday at its static display at Henderson Executive Airport. The Wheels Up order, together with aftermarket support, is worth up to $1.4 billion, according to the parties.
Beechcraft is nearing the sale of its Hawker 4000 and Premier I/IA assets, a step agreed to earlier this year as part of the Wichita OEM’s emergence from bankruptcy. The sale includes items such as type certificates, parts and tooling, as well as the composite manufacturing facility in Wichita known as Plant III. A Beechcraft spokeswoman said potential buyers are currently performing due diligence, and CEO Bill Boisture told AIN that he is “confident” the deal will happen by year-end.
Total GA airplane billings in the first half of the year reached $10.4 billion, an increase of more than 25 percent over the same period last year, according to statistics released last month by the General Aviation Manufacturers Association (GAMA). The tally marks the first time since 2008 that the industry revenue has exceeded $10 billion in the first half of the year.
Aircraft charter and management firm Talon Air added four new Hawker 4000s to its Part 135 certificate this week. The super-midsize jets are based at Talon’s new 100,000-sq-ft hangar and office complex at New York’s Republic Airport in Farmingdale, Long Island. With nine Hawker 4000s on its charter certificate–nearly one-fifth of the in-service fleet of this type–Talon remains the largest owner and operator of these twinjets in the world.
The business jet fleet is projected to grow by 55 percent over the next 12 years–to nearly 31,000 aircraft from about 20,000 today–according to the International Bureau of Aviation’s Business Jet Asset Report 2013, released on Tuesday. Much of the new growth is expected to come from new deliveries, “Implying many business jet models have a solid future ahead of them,” the group said.
Flightcraft’s roots go deep into the local community. The company began serving the lumber industry in the late 1940s when Si King, Charlie Miller and a couple of lumber companies, including Weyerhaeuser, got together to support the transportation needs of the lumber industry.
The International Bureau of Aviation (IBA) predicts the global business jet fleet will grow by almost 60 percent between now and 2025, rising from 19,700 to 30,750 aircraft.
Nextant Aerospace launched the 400XTi (the i stands for innovation), the latest evolution of the remanufactured light business jet, last month at EBACE. Compared with the 400XT, the new version introduces a number of improvements, including an all-new cabin that offers more space and reduced noise.
For the first time since the end of 2006, quarterly deliveries of business jets, turboprops and piston-powered aircraft finished in the positive, according to first-quarter 2013 statistics released last month by the General Aviation Manufacturers Association (GAMA). “We are pleased to see a shift to the positive for GA airplanes, which extends across all airplane segments,” said GAMA president and CEO Pete Bunce.
Ontic has signed new license agreements and is here at EBACE 2013 highlighting its support for out-of-production second- and third-generation avionics and electronics. The company is also able to fully support Hawker 125 series business jets from its Houston, Texas facility.