Beyond the merriment that the very light jet is coming to market, the insurance industry is preparing to drop the curtain in the final act.
Last month James Bass replaced Chuck Suma as president and CEO of Piper Aircraft. The change was announced in a terse statement by the Vero Beach, Fla. manufacturer, but the decision would have been made by American Capital Strategies, the Bethesda, Md., investment firm that purchased Piper in 2003.
Cutter Aviation-Dallas is using the high-end car dealership as a model on which to base its facility, a strategy that is working well, said Andy Biery, general manager of the company’s operation at Dallas Executive Airport (RBD). Biery said the facility is designed to maximize customer interaction with key Cutter personnel, including service managers and parts and sales representatives.
Piper’s new CEO, James Bass, said his company is still considering introducing a very light jet, telling AIN that it is an “important component of our product development strategy.” But as the company has said in the past, it “cannot offer specifics today on timing or configuration.
Two weeks after Honda revealed its long-anticipated commercial plans for the HondaJet, the Japanese company on August 8 established a wholly owned subsidiary–Honda Aircraft–that will develop, market and produce the engine-over-the-wing very light twinjet. The new company will be based at the Piedmont Triad International Airport in Greensboro, N.C., where the HondaJet prototype was assembled and has been engaged in test flying since Dec.
Honda announced on July 25 at EAA AirVenture in Oshkosh, Wis., that it will “enter the HondaJet into the growing very light jet market.” According to project leader and vice president of Honda R&D Americas Michimasa Fujino, Honda will establish a new U.S. company to produce and certify the over-the-wing-engine twinjet in the U.S. Honda plans to certify the HondaJet in 2009 or 2010 under FAR Part 23.