Aerospace Industry

News and issues concerning aerospace companies, including formations, acquisitions, mergers and financials; and announcements of significant aircraft sales, delivery statistics and personnel appointments.

June 11, 2008 - 6:31am

“Both the postponement of the 54th Annual Meeting and Convention and its re-scheduling for December were in response to the needs of our members,” Jack Olcott, NBAA president, told AIN.

June 11, 2008 - 6:20am

The events of Tuesday, September 11th shaped the week for NBAA’s staff, obviously. Monday proceeded at high-pace in anticipation of the 54th Annual Meeting & Convention.

June 11, 2008 - 6:00am

Boeing announced today it has closed on the deal to acquire Vought Aircraft Industries’ interest in Global Aeronautica, the South Carolina fuselage subassembly maker for the Boeing 787. Under the terms of the transaction, Global Aeronautica becomes a 50-50 joint venture between The Boeing Company and Alenia North America, a subsidiary of Italy’s Alenia Aeronautica.

June 11, 2008 - 5:54am

Last month, Dassault Aviation delivered its 1,500th Falcon, a Falcon 2000. Charles Edelstenne, chairman of Dassault Aviation and Dassault Falcon Jet, presented the Falcon 2000 to Kevin Russell, senior vice president of Executive Jet. The delivery is the 29th Falcon of the more than 100 Falcons ordered for the Executive Jet NetJets fractional aircraft owner program. The 1,500 Falcons include 42 for use in search and rescue with the U.S.

June 11, 2008 - 5:50am

Exhibitors who prepared to make big announcements in New Orleans last month were scrambling to draw up alternative plans in the weeks following NBAA's decision to reschedule its annual convention for December 12, 13 and 14 in the wake of last month's terrorist attacks.

June 11, 2008 - 5:43am

NEW ORLEANS, LA.– September in this Crescent City typically unwinds much like a sizzling escape valve. After the steamy summer, and a few degrees of cooler temperatures, this tropical town simmers down. Fall is prime time for exhibitions and conventions–a virtual industry for the city. The prospect of hosting NBAA 2001 was a highlight on the hospitality community’s to-do list.

June 9, 2008 - 9:26am

The Aerospace Industries Association (AIA) said that increased exports of aerospace products in the final quarter of last year sent the aerospace industry’s positive trade balance into record territory, with a final tally of $60.4 billion.

June 4, 2008 - 11:07am

Three separate forecasts released last month indicate a steady increase in demand for and deliveries of business jets over the next two decades.

May 22, 2008 - 6:07am

Gulfstream Aerospace plans to cut about 480 people from its workforce of 8,000, citing a drop in business jet orders in response to the slowing economy. The Savannah, Ga.-based manufacturer laid off 200 employees last fall. Gulfstream, a subsidiary of General Dynamics, also revealed it will cut back production of GIV-SPs and GVs by 11 to 15 percent, or about eight to 10 aircraft this year.

May 21, 2008 - 11:53am

Hamish Harding, owner of Sino Swearingen SJ30-2 Serial No. 7 and chairman of Action Aviation, is here at the EBACE static display showing off his airplane’s attributes. The company, based at London Luton Airport, is an SJ30-2 distributor. Two SJ30-2s are currently flying, but production is on hiatus pending further funding of the program. Harding has logged 400 hours in SJ30-2s thus far. Serial No. 7 has logged 98 hours.

 
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