Economy of the United States

June 27, 2013 - 2:05pm

DayJet founder Ed Iacobucci died last Friday after a 16-month battle with pancreatic cancer. After he left Citrix Systems, the software maker that he co-founded, in the early 2000s, Iacobucci started laying the groundwork for per-seat, on-demand charter operator DayJet and placed an order for 239 Eclipse 500s in May 2005. DayJet started operations in October 2007 but ceased flying 11 months later.

June 26, 2013 - 1:25pm

Greenpoint Technologies, a VIP completions center for Boeing Business Jets, has acquired an equity position in MRO Aviation Technical Services (ATS). The two have worked together for 15 years on VIP and head‐of‐state programs. Acquiring an equity position ensures Greenpoint will have the hangar capacity and installation labor required to meet current and future completion needs. Jon Buccola, Greenpoint chairman and founder, will serve on the ATS board of directors.

June 20, 2013 - 3:15am

Boeing revealed here at the show yesterday that it is modifying a Bombardier Challenger business jet to be the prototype of its proposed medium-sized Maritime Surveillance Aircraft (MSA). Without specifying a platform, Boeing revealed the project at Farnborough last year, which downsizes and repackages the systems it has developed for the P-8 Poseidon and the 737 AEW&C aircraft onto a midsize jet.

June 19, 2013 - 2:30pm

CIT Aerospace placed a firm order for 30 Boeing 737 Max 8s here yesterday. The order, worth some $3 billion at list prices, calls for delivery to the airline’s lessors in 2019 and 2020.

Appearing with Boeing Commercial Airplanes CEO Ray Conner, CIT Transportation Finance president Jeffrey Knittel said he hasn’t yet placed any of the airplanes, but that he harbors no concerns about placing all 30 over the next few years, well ahead of first delivery. “We don’t anticipate any issues,” said Knittel. “The interest level should be very high.”

June 17, 2013 - 11:15am

Boeing’s projection for more than 35,000 new airplanes over the next 20 years suggests a doubling of the size of today’s airliner fleet and a continuing trend in which airline traffic increases outpace economic growth.

June 17, 2013 - 3:25am
The FlexTrack device drills holes in 777 fuselage panels nearly perfectly.

To automobile mass-producers, automation in the aerospace manufacturing probably looks fundamentally immature. However, Boeing’s efforts in introducing robotics into 777 production at its widebody plant in Everett, Washington, have translated into some considerable efficiency gains following the company’s transition some eight years ago to a moving, U-shaped assembly line and simultaneous implementation of lean production processes.

June 17, 2013 - 12:20am
Plans call for Boeing’s new 787 factory in Charleston, South Carolina, to produce three airplanes a month by the end of the year.

Boeing has left little doubt that it harbors bigger plans for its new plant in Charleston, South Carolina, where by the end of this year it expects to deliver three Dreamliners a month.

June 17, 2013 - 12:15am

The U.S. state of Georgia’s governor Nathan Deal is leading a business mission to the Paris Air Show–the state’s first ever participation–from June 16-19. Industry giants such as Boeing, Raytheon, Pratt & Whitney, Lockheed Martin and Northrop Grumman operate in Georgia (Hall 3 AB 97), one of the top five states for aerospace employment. The state recently published a report on the economic impact of Georgia’s aerospace industry with the Georgia Department of Economic Development responsible for planning and mobilizing state resources to attract new investment.

June 16, 2013 - 3:00am
Randy Tinseth

Boeing’s projection for more than 35,000 new airplanes over the next 20 years suggests a doubling of the size of today’s airliner fleet and a continuing trend in which increases in airline traffic outpace economic growth. The outlook appears to reflect a growing confidence in the fidelity of the positive market indicators the company cited in its 2012 forecast, prompting the company to increase its projection for total airplanes by more than 1,000 units and value by some 7 percent.

June 14, 2013 - 10:30am
At a “town hall” meeting in Alexandria, Virginia, on May 14, U.S. Defense Secretary Chuck Hagel announced that civilian defense employees will be furloughed for up to 11 days.

The U.S. government spends more on its military each year than any other nation by far, but it will be a restrained Department of Defense (DOD) that presents itself at this year’s Paris Air Show. That’s because a previously obscure fiscal mechanism known as “sequestration” requires the DOD to cut $41 billion, or roughly 8 percent of its $527 billion base budget, by September 30, the end of the fiscal year on the government’s calendar.

 
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