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.

October 8, 2007 - 11:12am

The empty hangars at Oberpfaffenhofen airfield outside Munich reflect a stark impression of the decline Germany’s aerospace industry has experienced over the past decade. But if one were to look hard enough, signs of renewal have begun to emerge at this extensive industrial site, where Dornier GmbH built scores of aircraft for more than 60 years.

October 8, 2007 - 7:24am

Jeppesen is holding its own in a difficult business market, according to Mark Van Tine, president of the Englewood, Colo.-based instrument chart-publishing company that is a subsidiary of Boeing. “We had $315 million in gross revenues last year and maintained a five-year run of double-digit growth.

October 3, 2007 - 12:22pm

Organizers of the UK’s biennial Farnborough International Air Show (to be held July 19 to 25) have signed up several major exhibitors for the event’s new Business Aircraft Park, with some manufacturers including regional airliners in its separate static display area alongside their executive transports.

October 2, 2007 - 11:04am

A four-year, NASA-led project began last month to determine the requirements and procedures for safely integrating the operation of unmanned aerial vehicles (UAVs) into the National Airspace System. First-year funding of about $8.4 million will be used primarily for detailed planning and validation of requirements for UAVs to fly above FL400, where many business jets operate.

September 26, 2007 - 6:31am

In a study titled “The Market for General Aviation/Utility Aircraft 2007-2016,” Forecast International said it anticipates a decline in corporate demand for twin turboprops in favor of the fractional ownership of turbofan-powered aircraft. Further, it expects this trend to accelerate as more sub-$4 million very light jets are delivered.

September 26, 2007 - 6:22am

For those who gaze into crystal balls and analyze the business jet market, there are heady days in store, according to recent industry prognostications. Honeywell Aerospace’s 21st annual business aviation market forecast predicts the industry can expect short-term record growth and delivery of more than 14,000 new business jets by 2017–numbers that reflect even more optimism than those the company released last year.

September 20, 2007 - 12:17pm

A soon-to-be-released very light jet forecast from PMI Media estimates that 7,650 VLJs, worth some $18.36 billion, will be delivered between 2007 and 2016. “We are predicting 2007 deliveries of VLJs to be around the 200 mark, up from our 2006 forecast of 175.

September 20, 2007 - 12:16pm

Forecast International yesterday released a prediction that 14,978 business jets, worth some $192 billion, will be manufactured between 2007 and 2016. The Connecticut-based market research firm estimates that very light jets will account for 39 percent, or 5,783, of business jet deliveries during the time frame.

September 13, 2007 - 11:29am

In her final speech before the Washington Aero Club as FAA Administrator, Marion Blakey on Tuesday said that airline schedules “are at times out of line with reality” and if airlines don't voluntarily reduce flights they shouldn't be surprised if the government steps in. “Drawing down the schedule at Chicago was not my happiest hour, but it could come to that on the East Coast as well,” she confided.

September 6, 2007 - 7:16am

Boeing now estimates that first flight of the 787 will happen sometime between mid-November and mid-December–at least three months later than originally planned–due to delays in coding flight-control software and completion of so-called “traveled work”–tasks originally meant for partners but passed on to Boeing’s final assembly facility in Everett, Wash.

 
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