Raytheon Aircraft delivered 35 business jets and 27 King Airs in the second quarter of this year compared with the delivery of 28 jets and 22 King Airs in the same period last year, according to Raytheon’s quarterly financial report released this morning. The increase in jet shipments was solely the result of more deliveries of Hawker 400XPs.
AINalerts » July 28, 2005
Responding to an increasing number of business jet orders and lengthening backlogs–a boon for manufacturers, but a bane for customers–Cessna, Gulfstream and Raytheon (see item below) are ratcheting up production. Cessna plans to deliver 240 Citations this year (some 60 more than last year) and 270 to 290 next year.
The DOT issued a “show cause” notice on Executive Jet Management’s plans to launch a business jet commuter operation. EJM, a NetJets affiliate that provides aircraft charter and management, submitted a DOT application in March to launch scheduled commuter service using business jets to connect Chicago, Los Angeles and New York City. Based on information provided in the application, scheduled flights could start as early as this summer.
Companies that allow executives or their families and guests to fly on their aircraft for certain personal reasons will most likely be adversely affected by IRS Notice 2005-45’s deduction limitations.
Last Friday morning the Bell/Agusta BA609 civil tiltrotor flew over Central Texas with its outboard nacelles rotating forward to full airplane mode for the first time. BA609 project pilot Roy Hopkins and Bell pilot Jim Lindsey said the powered-lift aircraft reached 190 knots in this configuration.