Buyers continued to roll up their sleeves and involve themselves with the used aircraft market, driving down further what has been for the last few years a vast supply inventory. The 10-percent depletion in used aircraft inventory over the last 13 months has taken a step toward assuaging the doubts of many left shell-shocked by nearly three years of market malaise.
Israel Aircraft Industries of Tel Aviv and Avocet Aircraft of Westport, Conn., have been in discussions with engine manufacturers, including the Honda/ General Electric joint venture company, for the proposed ProJet, an eight-seat very light twinjet. According to Avocet CEO David Tait, IAI and Avocet are within weeks of finalizing their definitive partnership agreement on the development, production and marketing of the $2 million ProJet.
Camp Systems has been selected to take over the Facts maintenance tracking business from Raytheon Aircraft Company (RAC). The agreement designates Camp as the exclusive factory-endorsed provider of maintenance tracking services for all Hawkers and Beechcraft. It also calls for Camp to provide extensive feedback to RAC for maintenance and reliability data for the entire Hawker and Beechcraft fleet.
Aviall Services (Booth No. 1437), a provider of aftermarket parts and services, reports that its Logistics and Inventory Flight Team (LIFT) program launched last fall is proving popular with customers. The goal of the LIFT program, which provides custom inventory and logistics solutions to individual helicopter operators, is to help those operators lower direct operating costs based on their individual needs.
Bombardier Aerospace yesterday revealed it will build a component manufacturing facility in Querétaro, Mexico, to begin operations next May, initially producing wire harnesses but eventually having the capability for "final aircraft assembly." Later next year the facility is scheduled to start manufacturing "major structural aircraft components" currently being built by Asian suppliers.
Japanese manufacturing giant Matsushita, the company behind the Panasonic brand, announced a name change for its cabin electronics division effective April 1. Matsushita Avionics Systems becomes Panasonic Avionics, according to the company, which said it made the swap because of the strong brand recognition of Panasonic throughout the world.
Turbine Aircraft Services is taking its pilots’ review of proficiency (PROP) seminar series to Europe. The Houston-based company supports the Mitsubishi MU-2 twin turboprops under contract to the Japanese manufacturing giant and has been conducting the highly respected free seminars biennially in the U.S. for the past several years. The one-day seminars will be presented on May 24 in Frankfurt, Germany, and on May 27 in Nykoping, Sweden.
Securaplane Technologies has signed new distributor agreements for Hawker main ship batteries with Corporate Jet Support, Cirrus Aero Accessories and CRS Jet Spares.
Goodyear Tire and Rubber grabbed some traction in the aviation tire business with a series of contracts signed just before this year’s show. Most recently, it chose its second aviation tire evaluation center, the 43 Air School in Port Alfred, South Africa. Embry-Riddle Aeronautical University in Daytona Beach, Florida, serves as Goodyear’s other evaluation center.
In an effort to better serve customers and streamline its operations, Honeywell’s aerospace division is planning a major restructuring that will involve the creation of three new business segments and an unknown number of job cuts.