Despite the beginning of the Chinese New Year, Valentine’s Day, the close timeframe to this week’s Singapore Air Show and record low temperatures, the third Asian Business Aviation Conference & Exhibition (ABACE), held last Thursday in Hong Kong, drew 1,131 people, 29 exhibitors and 14 aircraft on static display, say the organizers.
AINalerts » February 19, 2008
Diamond Aircraft on Saturday received a $19.6 million “repayable investment” from the Canadian government for research and development of its $1.4 million single-engine D-Jet. The government’s investment coincides with Diamond’s decision to manufacture the five-seat, all-composite jet single at its facility in London, Ontario, where the D-Jet R&D program is based.
London Biggin Hill Airport-based charter firm PlaneChartering, owner of the loss-making Club328 brand, has disbanded its Fairchild Dornier 328Jet and Hawker Beechcraft Premier Is and laid off 14 of its pilots. Meanwhile, PlaneChartering group CEO Paul Crowther is taking over from Club328’s CEO, Elaine Young, who is leaving. PlaneChartering acquired Southampton, UK-based Club328 from Corporate Jet Services in October.
At the Singapore Airshow today, new business jet operator BJets launched its block charter, fractional and aircraft management service with a massive $600 million order for 20 Cessna Citation CJ2+s and 20 Hawker 850XPs and 900XPs, to be delivered over the next five years. Another 10 Hawkers are on option. The value of the CJ2+ order is $150 million, while its firm order for 11 Hawker 900XPs and nine 850XPs is valued at $450 million.
Avidyne is close to launching components for a next-generation integrated avionics system that the company is hinting will feature ultra-high-resolution glass displays, WAAS GPS receiver, flight management system and the company’s recently TSO’d navcom radios.
On Friday, Adam Aircraft voluntarily filed Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the District of Colorado, bringing an official end to the Englewood, Colo.-based start-up aircraft manufacturer after it ceased operations on Monday last week. In the filing, Adam Aircraft lists more than 200 creditors, $50 million to $100 million in liabilities and between $1 million and $10 million in assets.