With a commendable bow toward candor, Honeywell released its civil helicopter market outlook at Heli-Expo by qualifying the results of its survey: “The 2003 market outlook presents a snapshot of the market at a point in time and does not reflect unforeseen events such as an unexpected economic contraction, sharp increases in fuel costs, a fuel crisis, imposition of heavy user fees or other unfavorable regulations/taxes that could affect result
News and issues concerning aerospace companies, including formations, acquisitions, mergers and financials; and announcements of significant aircraft sales, delivery statistics and personnel appointments.
Crystal-ball gazing is a major part of any trade show. Heli-Expo has traditionally been the stage for the presentation of the Rolls-Royce/Teal Group’s 10-year forecast of worldwide turbine-engine helicopter demand. Overall, this year’s forecast calls for a
5-percent increase over the sales rates predicted last year, foreseeing total turbine helicopter deliveries of 10,407 over the years 2003 to 2012.
Bombardier has decided to further increase production of its CRJ700 and CRJ900 regional jets to one aircraft every three days, the company announced today during a review of its third-quarter FY2008 financial results. In August Bombardier said it planned to boost the rate from this fiscal year’s 50 to 57 in FY09, but projections for further backlog growth have prompted the hike to 64 per year.
Mitsubishi Heavy Industries yesterday said it will establish a wholly owned subsidiary to produce commercial aircraft components in Hanoi, Vietnam. Plans call for the new division, dubbed MHI Aerospace Vietnam Co., Ltd. (MHIVA), to begin assembling metal aircraft components by the spring of 2009, starting with flaps for the Boeing 737.
Two years after 9/11, Dubai’s biennial air show will declare itself to be firmly back to business as usual when it opens next month (December 7 to 11) in the United Arab Emirates. Last time, the event convincingly put on a brave face in the wake of 9/11 and the U.S.-led war against Al Qaeda and its Taliban allies in Afghanistan (just 500 miles north).
The 2003 NBAA Convention celebrated the centennial of manned powered flight with some powerful and exotic hardware, including three new derivative airplanes that would have astonished Orville and Wilbur.
The first four years of the 2000s have been a trial for aviation. While the decade got off to a heady start in 2000 with the high times of the late-1990s boom still going strong, by the spring of 2001 the industry’s fortunes were taking a southerly course.
Personal jets, mini-jets, ultra-light jets, very light jets. The category has many names and now many contenders. But no company has yet brought a very light business jet to certification and production. Several programs that have been displayed over the years at past NBAA conventions, such as the Alberta Phoenix FanJet and Century Aerospace Century Jet, are now “on the shelf” and may stay there forever.
The state of Virginia officially broke ground at the Newport News/Williamsburg International Airport (PHF) in late August for an Aviation World’s Fair being planned for early spring 2003.
The September 11 terrorist attacks on the U.S. immediately cast doubt on the viability of next month’s Dubai Air Show in the United Arab Emirates (November 4 to 8). However, at press time show organizer Fairs & Exhibitions said no consideration had yet been given to postponing or canceling the event.