Bombardier closed the sale of Flexjet to Flexjet LLC, a newly created company funded by Directional Aviation Capital, last week, though aircraft are still being transferred to the new owner. When the deal was announced on September 5, the acquisition price was $185 million; following “purchase price adjustments,” it is now estimated at $195 million, including the “assumption of an estimated $70 million of customer advances” by Directional’s Flexjet LLC.
Yankee Pacific–a provider of custom structures, components and systems to the executive aircraft market since 2006–will be renamed Advent Aerospace, effective January 1. Advent means “the arrival of something new,” said managing director Ken Goldsmith. “And for us, Advent Aerospace means an ever-increasing emphasis on technology and innovation to bring great new products and services to our customers and offer new opportunities for our employees.
American Airlines has signed a pair of firm orders covering a total of 90 new Embraer and Bombardier regional jets for placement with its American Eagle regional affiliates, the airline announced Thursday. The deals involve 30 seventy-six-seat Bombardier CRJ900s and 60 Embraer E175s.
AFI KLM E&M has been awarded CCAR 145 approval by the Civil Aviation Administration of China for its Shanghai components maintenance shop. After a final audit carried out last month, during which the Chinese authorities inspected management systems, processes, technical manuals and technician qualifications, the workshop was granted approval as a maintenance organization on Chinese soil.
Kaunas, Lithuania-based FL Technics is implementing a $15 million MRO development plan that will create almost 300 new jobs, including more than 200 aircraft mechanics, engineers and other aviation technical personnel supporting commercial and business aviation customers. The company is focusing on operators from Europe, the CIS and Asia-Pacific.
Plans for a new 40,000-sq-ft paint hangar at West Star Aviation’s Grand Junction Regional Airport facility in Colorado are moving ahead, despite apparent fiscal problems facing the airport authority.
West Star had reached an agreement with the airport authority to build the paint hangar, after which the authority would issue an $8 million bond, purchase the hangar from West Star and then lease it back to the company.
Gulfstream Aerospace recently marked the first anniversary of its 82,000-sq-ft Beijing service center at Beijing Capital International Airport. It is the only business-jet manufacturer to offer factory service in China.
“It has been a successful first year for Gulfstream Beijing,” said Mark Burns, president of product support. “We have experienced steady growth and have expanded our capabilities. As the Gulfstream fleet continues to grow in the Asia-Pacific region, we’ll look for ways to enhance and add to the services we provide at Gulfstream Beijing.”
Vector Aerospace Engine Services Atlantic named Malcolm Venturi as regional sales and service manager for southern and western Australia and the Asia-Pacific region. According to the company, Venturi has more than 22 years of technical and hands-on aviation experience coupled with a “deep knowledge of the Australian and Asia –Pacific aviation markets.” Venturi will provide support for fixed-wing operators flying with Pratt & Whitney Canada PT6A, JT15D, PW100 and PW150A engines.
Gulfstream Aerospace and Jet Aviation parent company General Dynamics announced on Friday that it is promoting Robert Smith to president of Jet Aviation. He will report to Joe Lombardo, executive vice president of General Dynamics’ aerospace group. Smith succeeds Daniel Clare, who is being tapped as the CFO of Gulfstream. Both appointments are effective January 1.
Zurich, Switzerland-based AC Aviation Charter has opened a new office in Vienna, Austria. Three charter sales agents will be based in the new office in Vienna, and the team will be lead by Bernhard Wipfler. The company’s current charter management fleet consists of two Learjet 40s, three Falcon 900s and a Beechjet 400A, Citation XLS, Challenger 605 and Challenger 850 and GV.