Market activity in the first quarter saw inventory hold steady at multi-year lows, with an equal number of aircraft coming onto and leaving the market. Buying activity generally accelerates in the spring quarter, and this year’s set-up seems to be no exception, with brokers reporting brisk sales action. Despite the tightening there’s quite a bit of head scratching about why prices haven’t reacted more positively.
Bombardier Aerospace’s first-quarter revenues declined year-over-year by 8.6 percent, to $2.1 billion, the Canadian aircraft manufacturer reported today. Bombardier executives attributed the lower quarterly revenue in part to the sale of its Flexjet fractional ownership business last year and lower sales of pre-owned aircraft. Meanwhile, its order backlog for both commercial and business aircraft grew to a record $38.5 billion, 40 percent of which is for aircraft under development.
Sunnyvale, Calif.-based Acellent Technologies said its structural health monitoring system (SHMS) was installed on the Bombardier Learjet 85 prototype–dubbed flight-test vehicle one (FTV1)–before the jet’s maiden flight last month. According to Acellent, Bombardier installed the SHMS on the left and right panel of the composite vertical stabilizer of FTV1. The layered sensor system can detect such things as strain, temperature and pressure. Bombardier has not said whether it will install SHMS on production aircraft.
The Bombardier Learjet 85 prototype–designated as flight-test vehicle one (FTV1)–successfully completed its maiden flight on April 9. The all-composite twinjet lifted off from Wichita Mid Continent International Airport at 8:19 a.m. CST, marking the beginning of the all-composite midsize jet’s flight-test program.
Mesinger Jet Sales has been selected to facilitate the Gulfstream and Learjet 60 fleet renewal for Abu Dhabi-based aircraft charter firm Royal Jet. Over the next two years, Royal Jet plans to replace three of its existing medevac and VIP aircraft. Mesinger Jet Sales will help Royal Jet with the acquisition of the newer aircraft, as well as disposal of the three older jets. Royal Jet said the fleet upgrade will “provide its VIP clients an improved experience and further expand its network.”
Honeywell (Booth P310) announced yesterday at ABACE 2014 that it has expanded its Asia-Pacific aftermarket support efforts, thanks to an agreement with Bombardier’s Singapore service center, which will offer retrofit, modification and upgrade (RMU) services for Honeywell products.
Pete Reynolds, 69, the former Bombardier Learjet chief flight-test pilot, died on Thursday. He will be inducted into the Kansas Aviation Hall of Fame–as previously scheduled, but now posthumously–tonight at a ceremony hosted by the Kansas Aviation Museum and Wichita Aero Club. Reynolds played a major role in the development, testing and certification of virtually every Learjet model between 1973, when he joined Learjet, and 2003, when he retired. He spent the last eight years of his tenure with Bombardier as the vice president of flight test.
The Bombardier Learjet 85 successfully completed its maiden flight yesterday, marking the beginning of the all-composite midsize jet’s flight-test program. Flight-test vehicle one (FTV1) lifted off from Wichita Mid Continent International Airport yesterday at 8:19 a.m. CST.
Former Bombardier Learjet chief flight-test pilot Pete Reynolds will be inducted into the Kansas Aviation Hall of Fame on April 15 at a ceremony hosted by the Kansas Aviation Museum and Wichita Aero Club. Reynolds had a major role in the development, testing and certification of virtually every Learjet model between 1973, when he joined Learjet, and 2003, when he retired.
A “systems issue” that cropped up late last week has put the Bombardier Learjet 85’s first flight on an indefinite hold, a company spokeswoman told AIN. This latest hurdle came just hours after the company said weather had prompted it to scrub the all-composite midsize jet’s scheduled maiden flight last Thursday. The spokeswoman said that engineers are working on a software update to fix the undisclosed issue, but they cannot give an estimate of how long this will take.