AINalerts » August 19, 2008

August 19, 2008 - 11:14am

The “Grand Adventure” concluded yesterday morning at New York La Guardia Airport. Helicopter pilots Scott Kasprowicz and Steve Sheik flew a stock twin-engine 2007 AgustaWestland A109S Grand 20,078 miles in a little more than 11 days, shattering the old record by almost six days. The pair beat the record without auxiliary fuel tanks, chase airplanes or an elaborate mission control.

August 19, 2008 - 11:13am

Organizers at the Latin American Business Aviation Conference & Exhibition (LABACE) had forecast the largest show to date and they were not disappointed by the turnout at the event, held last week in São Paulo, Brazil. By the end of the second day, the visitor count had exceeded 6,500, some 500 more than attended the entire three-day event last year.

August 19, 2008 - 11:12am

Very light jet manufacturer Eclipse Aviation late last week announced to employees and customers that the executive management team is working on “a plan to profitability by the end of the month.” And, the communiqué added, “Eclipse will not be releasing any further information or conducting interviews surrounding this media alert at this time.” While Eclipse isn’t talking, its suppliers are.

August 19, 2008 - 11:10am

Pratt & Whitney Canada, manufacturer of the PW610F engine that powers the Eclipse 500 very light jet, and Eclipse Aviation are jointly investigating the cause of a carbon buildup that resulted in an in-flight engine shutdown earlier this month.

August 19, 2008 - 11:09am

Grob Aerospace yesterday filed for insolvency in Germany after its main source of capital suddenly withdrew financial support for the new SPn light business jet program. Grob CEO Niall Olver said the undisclosed "loan provider" had pulled out due to further delays in the SPn certification program and resulting increases in the amount of money required to get the aircraft into service.

August 19, 2008 - 11:08am

General Dynamics, parent company of Gulfstream Aerospace, today agreed to pay approximately $2.25 billion to buy Jet Aviation from the Permira Funds private equity group. Subject to antitrust legal approval, General Dynamics’ acquisition of all Jet Aviation stock should be complete by year-end.

 

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