After pre-owned business aircraft asking prices peaked in early 2008 and then plunged in 2009, the rate of decline slowed last year in most market segments, leveled off in others and even increased in one, according to market data released today by Amstat. Continuing recent trends, the lower end of the market suffered while the higher end fared better.
AINalerts » January 7, 2014
Embraer’s newest business jet, the Legacy 450, made its maiden flight on December 28, putting the program right on schedule. Flown by company test pilots Eduardo Camelier and Eugênio Cará, along with flight-test engineer Carlos Kobayashi, the twinjet successfully demonstrated its handling and performance characteristics during the 1 hour 35 minute flight.
Sikorsky announced yesterday that it delivered the first two examples of the S-76D, an upgraded version of the medium twin helicopter, to the Bristow Group late last month. The helicopters are equipped for offshore oil and gas operations, a configuration certified by the FAA in October 2012, and are to fly in the Gulf of Mexico.
Bombardier Aerospace scored a flurry of orders for 58 Challenger and Global business jets worth nearly $3 billion late last month, allowing the Montreal-based aircraft manufacturer to end the year on a high note. Including these 11th-hour orders, the company sold some 310 business jets last year.
After the city of Santa Monica, Calif., filed a complaint on October 31 against the FAA seeking “to establish the city’s right to control future use of the Santa Monica Airport property,” the FAA had until December 31 to respond. The FAA filed for an extension, looking to move the response date to February 12, but on December 16 U.S. District Court Judge John Walter refused to grant the extension.
Gulfstream Aerospace plans to boost its aircraft service and support organization by building a new worldwide product support distribution center near its Savannah, Ga. headquarters, the company announced today. The new building is expected to be completed early next year and will consolidate the company’s worldwide material distribution departments. When completed, it will house more than $900 million in parts and materials inventory.
Starman Brothers Auctions has released the time and address for Friday’s auction of assets from bankrupt Avantair. The auction will start at 9 a.m. at 13000 Automobile Boulevard, Suite 501, in Clearwater, Fla., with a preview day on Thursday at the same site. The auctioneer’s website has a complete listing of assets to be sold, including Piaggio Avanti fuselages, aircraft tugs, golf carts, automobiles, a custom motorcycle and various aircraft parts, shop equipment, office furniture and computers.
Helicopter lessor Milestone Aviation Group announced today that it has successfully completed the private placement of $575 million of senior secured notes. The company intends to use the proceeds to fund the continued expansion of its business and to refinance existing debt. Seventeen investors, 16 of which are new to Milestone, participated in the private placement. The deal positions Milestone “to continue delivering for our operating partners for years to come,” said company president Daniel Rosenthal.
Avcorp Industries subsidiary Comtek Advanced Structures won a contract to design and manufacture the floor panels for Bombardier’s in-development Global 7000 and 8000. The company said it will start design engineering work immediately. Comtek currently supplies floor panels to Bombardier for its CRJ700, CRJ900 and CRJ1000 regional jets; Q400 regional turboprop; and in-development Learjet 85.
Aspen Avionics’ new EA100 autopilot adapter is now capable of emulating the Century 52D66, 52D67, 52D166 and 52D167 attitude indicators, providing digital-to-analog data for an aircraft’s attitude-based autopilot system. As such, the EA100 is compatible with all attitude-based Century IIB, III and IV autopilots, as well as Piper Altimatic-branded autopilots. This new certification is in addition to the Century 21, 31, 41, 2000 and 4000 approval announced in October.