German customs authorities have awarded Lufthansa Technik Logistik authorized economic operator (AEO) status in recognition of the company’s adherence to comprehensive security and safety guidelines laid down by the European Union.
Supply chain management
In July 1998 there were 750 used jets for sale and today there are more than 2,000. Pessimism swapped places with exuberance in early 2001 and jet values came crumbling down. This year proved to be slightly different in terms of price degeneration, which on many aircraft seemed to occur at a slower rate than last.
Pratt & Whitney Canada last month launched an e-business supplier portal designed to share information in real time with the Longueuil, Quebec, company’s suppliers.
The former Delta Air Lines terminal at Louisville (Ky.), International Airport is now home to a dedicated U.S. Customs office. Arriving international corporate flights can now taxi directly to customs rather than having passengers wait inside the aircraft while parked on the FBO ramp until customs officials arrive.
After gold hit $1,000 an ounce last month and oil reached $110 a barrel on the same day, financial markets continued to experience the turmoil that started the year. All the doom and gloom causes one to take an introspective look at the health of the aircraft sales market. So far, the biggest angst that might be plaguing industry participants is survivor’s remorse as this sector seems to be navigating the economic malaise with aplomb.
Supply Chain Asia, a 12,000-member supply chain organization promoting the development of Asia’s supply chain and logistics sector, has awarded HH Sheikh Ahmed bin Saeed Al Maktoum the Supply Chain Visionary of the Year Award.
U.S. Customs and Border Protection has awarded its highest supply chain security rating to Gulfstream Aerospace. The business jet manufacturer’s efforts to ensure its supply chain is safe and secure achieved “Tier Three” status. As a result, Gulfstream is eligible to receive the highest level of benefits available to members of the Customs-Trade Partnership Against Terrorism (C-TPAT).
The U.S. Customs and Border Protection agency has recognized Gulfstream for its efforts in ensuring the safety and security of its supply chain. The airframer was awarded “tier three” status by the agency as part of its voluntary Customs-Trade Partnership Against Terrorism (C-TPAT) initiative launched in 2002, which was designed to strengthen business supply chain and border security while facilitating legitimate trade.
Cessna announced a new satellite-based, centrally managed parts inventory system for its Citation service centers. The system allows each center easy access to inventory availability at any Cessna-owned facility; previously, each center managed its own inventory. Separately, the Wichita-based aircraft OEM conducted a two-year study of repeat orders to establish sufficient inventory requirements for the most sought-after parts.
At nearly the halfway point, this year continues to build on what has been an 18-month-long trend of lower pre-owned inventory and stabilizing prices among most models, especially late-model and current-production aircraft. In late 2002, pre-owned inventory rose above 2,050 units and has since backed off to 1,814, roughly a 12-percent decline.