AINalerts » June 8, 2010

June 8, 2010 - 12:26pm

Yesterday, Boeing licensed the rights to AgustaWestland’s AW101 for the purpose of entering it in the latest U.S. presidential helicopter competition, known as VXX. Under the deal, Boeing will have full data, intellectual property and production rights for the three-engine, medium-lift helicopter.

June 8, 2010 - 12:25pm

EADS flew the first aircraft powered solely by algae-based biofuel today at the ILA Airshow in Berlin as part of the daily flying display. The Austrian-built Diamond Aircraft DA-42 NG’s two Austro Engine AE300 diesels required only minor adjustment to burn the biofuel, which is supplied by German processor VTS from algae oil provided by Biocombustibles del Chibut in Argentina.

June 8, 2010 - 12:23pm

Aviation market advisor Brian Foley said the current stagnant growth period for the general aviation industry isn’t cause for concern. “I see no cause for panic or even pessimism, certainly not at this point,” he said.

June 8, 2010 - 12:22pm

Recovery in the pre-owned business jet market “remains on track,” but the pickup in the new aircraft market is still “elusive,” JPMorgan noted in its latest business jet monthly report, issued late last week. “Used inventories continued to move downward, consistent with their path over the past 10 months,” said Joseph Nadol III, the firm’s chief aerospace analyst.

June 8, 2010 - 12:20pm

Gulfstream Aerospace and sister company Jet Aviation “will return to growth this year,” according to Jay Johnson, chairman and CEO of parent company General Dynamics. Speaking at the Sanford C.

 

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