Following a certification and verification process, the European Commission approved the European Geostationary Navigation Overlay Service (Egnos) “safety-of-life” service for aviation last Wednesday. Egnos is closely similar to, and compatible with, the U.S. Waas satellite-based augmentation system that corrects timing errors in GPS signals, making it more accurate.
AINalerts » March 8, 2011
Bombardier Aerospace late last week signed a memorandum of understanding (MOU) with ICBC Financial Leasing, a wholly owned subsidiary of Industrial and Commercial Bank of China, to provide up to $8 billion in financing for Learjet, Challenger and Global business jets, as well as for the Canadian manufacturer’s airliners.
The Helicopter Association International’s 2011 Heli-Expo show, which closes today, looks to have exceeded expectations, with exhibitors, attendees and orders indicating a strong climb out of the long economic downturn.
The FAA proposed on Friday to severely limit participation in the Block Aircraft Registration Request (Barr) program by requiring those who want their aircraft data blocked when conducting IFR flights in the U.S.
“We are gaining confidence that a recovery is taking hold following good news in recent weeks,” JPMorgan North America Equity Research noted in its latest monthly business jet update, released yesterday. The firm cited the net orders for 74 aircraft booked by Bombardier in the fourth quarter, as well as the firm order for 50 Bombardier Globals placed by NetJets last week.