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.

February 1, 2007 - 9:00am

Next month, a Connecticut jury will hear a $3.5 million claim against Executive Jet Management (EJM) in a case that is already sending a chill through the business aviation community.

February 1, 2007 - 8:50am

Last year’s slump in commercial aircraft sales and employment was not as sharp as predicted and not nearly as deep as the industry experienced 10 years ago. That’s the assessment of the Aerospace Industries Association (AIA), which also sees a recovery for civil aviation between next year and 2006, along with a concurrent upswing for aerospace employment.

February 1, 2007 - 8:31am

Mojave, Calif.-based Scaled Composites recently modified the Virgin Atlantic-sponsored GlobalFlyer with fuel jettison capability at the request of pilot Steve Fossett, who is scheduled to fly the single-engine Williams FJ44-powered aircraft solo around the world nonstop without refueling sometime after January 4.

February 1, 2007 - 6:33am
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 “LAST BIG PLUM” REVISITED–Burt Rutan and the Voyager team in 1986 described their quest to fly around the world nonstop and unrefueled as “the last big plum” in the orchard of aviation records. In 1999 Messrs. Piccard and Jones, similarly, characterized their ultimately successful circumnavigation of the world in the Breitling Orbiter balloon as “the last great aeronautical adventure.”

January 31, 2007 - 11:30am

Customers of Jeppesen World Fuel Services can now go online to view fuel prices and place orders at more than 1,500 locations worldwide. A new Web site provides price quotes, including taxes and fees, as well as pricing based on different uplift volumes. Users can store frequented destinations, search past fuel quotes and obtain the name of the into-plane provider.

January 31, 2007 - 8:53am

While Congress has acted on several recommendations from the Commission on the Future of the U.S. Aerospace Industry, the group is still concerned about the lack of coordination and communication between executive branch departments having jurisdiction over the air-transportation system.

January 31, 2007 - 6:46am

Bend, Ore.-based Air Investor Resources (AIR)–the parent company of Epic Aircraft, which is currently flight-testing its Epic LT turboprop single–is now teaming with Tbilisi Aerospace Manufacturing (TAM) of Tbilisi, Republic of Georgia, to produce a $1.9 million very light jet (VLJ), dubbed the Tam-Air Epic Jet. The six-seat jet, which shares about 80-percent commonality with its composite turboprop-single

January 31, 2007 - 6:10am

The general aviation industry continued a strong recovery through third-quarter deliveries and billings, according to the General Aviation Manufacturers Association. New aircraft billings were up 19.7 percent, to $8.1 billion, in the first nine months of this year, while total deliveries of new GA airplanes increased 7.7 percent, to 1,928.

January 31, 2007 - 4:00am

While most of NASA is reaching for the stars, the segment of the agency that conducts aeronautics research here on earth has taken a budget cut for the second consecutive year following President Bush’s initiative to expand the exploration of space.

January 30, 2007 - 11:08am

A relaxed regulatory environment and increasing development in the fledgling space tourism industry may lead to opportunities for privately owned passenger-carrying space vehicles by the end of the decade, suggested government and industry officials at space-related hearings and conferences in February.

 
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