With Hawker Beechcraft attempting to clear the final hurdle in Chapter 11 proceedings and emerge from bankruptcy, Judge Stuart Bernstein said earlier today that he would approve the joint plan of reorganization for all but one of the subsidiaries currently under Chapter 11 protection. Bernstein reserved judgment regarding the Hawker Beechcraft Corp.
AINalerts » January 31, 2013
A record number of pre-owned business jets changed hands worldwide last year, with 2,240 retail sales transactions logged, up from the previous peak of 2,181 in 2007, according to data released yesterday by business aircraft research firm JetNet. This high point follows three years of gains from the low of 1,539 transactions in 2009, the company added.
On Tuesday, the NTSB faulted maintenance performance and procedures at Las Vegas, Nev.-based air-tour operator Sundance Helicopters as the probable cause of the Dec. 7, 2011 crash of an AS350B2 that killed the pilot and four passengers near the Hoover Dam in Nevada. The 1988 helicopter was originally manufactured as an AS350B and had accumulated 25,216 hours since new.
“An increasingly prosperous population, an influx of multinational companies, relaxation of the low-altitude airspace rule and a string of growth stimulus expected from [new leaders] means there will be an unprecedented demand for business air travel in China,” Jackie Wu, president of Hong Kong-based business aviation consultancy Jetsolution, said last week at a luxury goods show in Xian, China.
The super-midsize Gulfstream G280 recently set 15 new city-pair speed records as part of the company’s reliability demonstration program, the Savannah, Ga.-based aircraft manufacturer announced today. To date, the G280 has established 22 speed records since setting its first in May.
America’s airports will require more than $71 billion worth of essential infrastructure programs over the next five years, according to a report released this week by the Airports Council International-North America (ACI-NA). That total is down by 11 percent over the organization’s previous study, which covered 2011 to 2015, a decrease attributed to the current challenging economic conditions, airline consolidation and capacity reductions and projects completed or postponed beyond the report’s horizon.
NBAA announced today that International Civil Aviation Organization (ICAO) council president Roberto Kobeh González will be a keynote speaker at this year’s Asian Business Aviation Conference & Exhibition. The show will take place from April 16 to 18 at Shanghai Hongqiao International Airport. “China and the broader Asian region are playing an ever-increasing role in the global aviation community, so it is fitting that the president of the world’s aviation oversight body will speak at the opening general session for ABACE,” said NBAA president and CEO Ed Bolen.
Hawker Beechcraft, in what it hopes is the final phase of Chapter 11 bankruptcy proceedings, saw its employment level in Kansas drop to 3,372 as of December 31, triggering an automatic reduction in the annual incentive payment from the State of Kansas. In 2010 the company was granted $45 million in incentives by the state, based on an agreement to maintain employment in Kansas at 4,000.
The delivery schedule for the Eurocopter EC175 medium twin has moved further to the right. The unidentified first customer is now expected to receive the first example in the fourth quarter, instead of September, according to a recent update from Eurocopter. In addition to the delay in avionics development, CEO Lutz Bertling cited the better-than-projected performance, which involves reopening certain certification files.
Super Bowl XLVII this Sunday will generate specific aircraft arrival and departure procedures at New Orleans Lakefront (NEW) associated with the non-movement areas through Monday, according to NBAA Air Traffic Services. “These procedures are necessary due to the significant number of aircraft expected at NEW,” NBAA said. Specifically, there is a “highly detailed” metering plan for all departures from NEW starting at 9 a.m. CST on Saturday and ending at 10 p.m. CST on Monday.