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.

May 17, 2008 - 4:24am

Responding to increased demand for its parts throughout the Middle East and India, Hawker Beechcraft has named Kolkata, India-based Arrow Aviation Services an authorized distributor through its Rapid factory-direct parts division. Arrow is one of the subcontinent’s leading parts suppliers with sales offices throughout India, as well as a new facility in Dubai, site of its main warehouse.

May 17, 2008 - 3:55am

According to Eurocontrol, by 2010, European operators will have ordered some 500 very light jets (VLJs) and about 300 of these will have been delivered by then, with most of them being destined for air-taxi services.

May 17, 2008 - 3:39am

EADS Socata, in a bid to enter the growing small corporate flight department and air taxi market, is evaluating the case for developing a new turboprop or business jet that would be bigger than its six-seat TBM 850 but would not replace it. The French company is seeking financial and/or industrial partnerships for the $390 million project. It expects to make a decision on the new aircraft by early 2009 and fly it within five years.

May 9, 2008 - 7:20am

Low demand for corporate aircraft and small airliners has led New York-based financial advisor Moody’s Investors Service to review, and possibly downgrade in
the next two months, certain Bombardier debt ratings. Bombardier Aerospace’s intermediate-term earnings and cash flow could be constrained by any adverse market effects, according to Moody’s corporate finance group senior vice president Tassos Philippakos.

May 8, 2008 - 11:31am

There is a justifiable argument to be made that waiting until students are in college to expose them to a career option is too late. Jeff Lee, director of flight operations for IBM in White Plains, N.Y., agrees.

May 8, 2008 - 10:24am

The Commission on the Future of the U.S. Aerospace Industry vowed to keep the nine recommendations released in its November 18 final report from languishing somewhere within the vast federal bureaucracy. “We believe that people in the next century should see aerospace as something where anyone or anything can go anywhere, at any time,” said commission chairman Robert Walker.

May 8, 2008 - 10:07am

French utility aircraft builder Reims Aviation went into bankruptcy protection on October 30. A company statement said the move was forced by a cash-flow crisis rather than a lack of orders.

May 8, 2008 - 7:19am

A recent top executive appointment at Textron signifies more than just a leadership change. It was also part of a continued reorganization of the company’s corporate structure that started about a year ago and will affect its operating units, including Cessna Aircraft and Bell Helicopter.

May 7, 2008 - 11:15am

A supersonic business jet (SSBJ), which many in the industry see as inevitable but just not in the near future, may have taken another step forward when Raytheon Aircraft partner Northrop Grumman unveiled its latest design for a supersonic military strike aircraft.

May 7, 2008 - 10:28am

“Why doesn’t the U.S. host a world-class airshow?” It’s a question nearly as old as flight itself. In point of fact, the first recognized air fair per se was held outside Paris in 1909, just six years after the Wright Brothers’ first flight and a full five years before the airplane was about to come into its own as a weapon of war in nearby European skies.

 
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