Business aviation investor consultant Brian Foley Associates is seeing signs that the pre-owned business jet market could bottom out as early as this summer. “That’s not to say there’ll be an immediate decrease, just that [pre-owned inventory] won’t get much higher,” noted company president Brian Foley.
Business aviation investor consultancy Brian Foley Associates is seeing signs that the pre-owned business jet market could bottom out as early as this summer. “That’s not to say there’ll be an immediate decrease, just that it won’t get much higher,” noted company president Brian Foley.
A group of industry representatives from helicopter OEMs, training companies and operators is close to submitting to the International Civil Aviation Organization a formal framework of recommendations aimed at standardizing flight training devices. The work began three years ago and will eventually consume 80,000 man hours and cost between $5 million and $8 million.
By next year, the Helicopter-International Working Group (H-IWG) plans to submit to ICAO a framework for a set of international criteria for the classification and qualification of flight simulation training devices (FSTD).
As part of a global strategy to deploy new simulator facilities on three continents by 2011, Eurocopter is displaying for the first time anywhere an avionics trainer it has developed for the Eurocopter EC 135. The device uses touch screens to control all avionics functions and is available for hands-on demonstrations at Booth No. 2754.
Two separate analyst reports issued this week by UBS Investment Research and Brian Foley and Associates note that business jet order backlogs are at increased risk due to rising pre-owned inventory and recession. According to UBS, pre-owned bizjet inventory now stands at 16 percent of the in-service fleet, climbing 2 percent last month alone and 65 percent above prior-year levels.
A year ago The Portal opened its doors. The facility, located at QinetiQ’s Cody Technology Park site on the north side of Farnborough airfield, is an advanced experimentation and analysis suite. Established by Boeing in partnership with QinetiQ, The Portal draws on advanced simulation techniques, virtual operations and the insertion of live operations to run complex scenarios to aid a variety of functions.
Parts supplier Turbine Engine Consultants (TECI) has announced the availability of a consignment program called Excess Inventory Management. TECI says EIM gives customers an easy, reliable and profitable solution for excess and surplus inventory. TECI owns a 75,000-sq-ft secure and climate-controlled warehouse for EIM inventory that has multiple loading docks and a variety of shipping methods.
After a 26-year relationship with FlightSafety International, Mitsubishi Heavy Industries America (MHIA) announced at last month’s NBAA Convention that it will shift MU-2 training to SimCom Training Centers in Orlando, Fla., initially using existing former FSI simulators.
When the Aviation and Transportation Security Act was adopted last November, the flight-training industry was told that an online system would be in place by January to expedite submissions of the required notifications to the attorney general when a foreign national applies for training in aircraft with a mtow of 12,500 lb or more (or simulators for such aircraft).