The business jet market still faces a delivery trough this year and next, but engine-builder Rolls-Royce foresees a slow upturn in 2005 that should continue at least until 2012.
News and issues concerning aerospace companies, including formations, acquisitions, mergers and financials; and announcements of significant aircraft sales, delivery statistics and personnel appointments.
Don’t expect an economic miracle from the business aviation marketplace over the next decade. Honeywell forecasters once again are predicting nothing better than “slow but sustained expansion” through 2013.
In its aerospace forecast released on Tuesday, the FAA predicts that the active general aviation fleet will increase by an average 1.3 percent annually, growing from an estimated 225,007 aircraft last year to 286,500 by 2025.
General aviation manufacturers enjoyed another record-breaking year last year, with billings totaling $21.9 billion, up 16.5 percent from the previous year, and worldwide shipments reaching 4,272 airplanes, up 5.4 percent. For the first time ever, shipments of jets exceeded the 1,000-per-year milestone, climbing to 1,138 last year.
“This year’s Heli-Expo is a rousing success before we even open the doors,” said HAI president Matt Zuccaro at a press conference just before the ribbon-cutting here yesterday morning. More than 600 HAI members enrolled in the two days of educational sessions held before the show opened to general attendance.
With a new generation of light single-engine helicopters on the horizon, continued strong demand for twins and aggressive fleet replacement plans worldwide, the rarefied rotorcraft market is “approaching capacity,” according to the annual new helicopter delivery forecasts being released here today by Honeywell (Booth No. 2137) and Rolls-Royce (Booth No. 1917).
The day after the opening of the first international airshow in Singapore since the migration of Asian Aerospace to Hong Kong, exhibitors here seemed more than happy with the new site and with the event’s organization. According to the companies AIN has surveyed, everything has gone quite smoothly during the setup process, except perhaps for an odd glitch here and there.
A master research collaboration agreement signed here yesterday between EADS Innovation Works Singapore and the Singapore Agency for Science, Technology and Research (A*STAR) aims to build on a joint cryptography project completed in November 2007.
Bell/Agusta Aerospace engineers working on the BA609 Tiltrotor have stepped up their certification efforts and now plan more than 100 hours of flight testing this year–a major acceleration over the 300 hours logged since 2003. However, the first flight of the third prototype faces yet another delay. Bell/Agusta now expects certification of the hybrid helicopter/airplane design in three years.
The environment is everything these days for engine manufacturers and suppliers, as initiatives such as the recently launched European Commission Clean Sky program drive ever more advanced ideas on reducing emissions and noise.