The Aviation Alliance’s plan to remanufacture Cessna 421s and Gulfstream GIIIs is moving forward, according to managing director Geoff Miller, despite financial setbacks that have caused delays. Some people, such as former Cessna CEO Jack Pelton, and partners are no longer associated with the Alliance, and a new source of funding had to be found. “That’s why there was a hesitation in the cash flow,” Miller told AIN.
AINalerts » May 29, 2014
Following 4-percent growth last year, the global business aviation market saw a 2-percent slowdown in flying during the first quarter versus the same period last year, according to JSSI’s latest business aviation index. The firm’s index tracks the number of hours that business aircraft have flown by region, industry and aircraft type.
NBAA and more than 150 other associations and coalitions sent a letter last week to the U.S. Senate urging swift passage of a bill to restore tax incentives that expired last year, including accelerated depreciation on purchases of long-term capital assets such as business aircraft.
Hawthorne Global Aviation Services recently opened its newest FBO at Chicago Executive Airport. The FBO–the company’s third following new facilities at MacArthur Airport in Islip, N.Y., and Lakefront Airport in New Orleans–is part of an aggressive business plan to open executive FBOs throughout the U.S. in major and medium markets. “We have the next four sites in mind, and they will probably be online this year,” Bill Koch, chairman of the board, told AIN.
“We think a sustained recovery in business jet utilization is necessary to drive improvement in the new aircraft cycle,” UBS Investment Research aerospace analysts said in their latest business jet market update, released yesterday. “Without a recovery in utilization we still see the market as oversupplied.”
Embraer and Boeing signed a memorandum of understanding (MoU) to create a joint biofuels research center at a technological park near Embraer’s headquarters in São José dos Campos, Brazil. Under the partnership, the companies will be “developing and maturing the knowledge and technologies that make it possible to establish a sustainable biofuels chain for aviation.”
Delta Private Jets launched a new aircraft management program designed to help owners cover the cost of purchasing a business jet by providing a guaranteed monthly income stream over a five-year fixed term. Called Ownership Assist, the new program is designed for owners who require only occasional use of their jet and are looking for guaranteed monthly income that covers 80- to 100 percent of their monthly payments, according to Delta Private Jets. Under the program, aircraft owners are allotted 30 flight hours per year over 20 flight days at no cost.
DAC International’s GDC64Wx iPad weather application is now available at the Apple iTunes Store. The app allows iPad users to view weather in the U.S. and Canada when connected to an XM Receiver through DAC International’s GDC64 tablet to aircraft interface unit. Current display capabilities include U.S. and Canadian radar, lightning strikes, shear, cloud tops and satellite imagery.
Cessna Aircraft rolled out the first production Citation CJ3+ today at the company’s manufacturing facility in Wichita. The upgraded twinjet features a new interior with a redesigned cabin and cockpit, new pressurization and new diagnostics systems. It also has a Garmin G3000 avionics suite that includes turbulence detecting weather radar, TCAS II, TAWS and ADS-B capabilities. The CJ3+ was announced on March 20 and it is expected to receive FAA certification in the second half.
Thanks to the generosity of Women in Corporate Aviation (WCA) members and 12 corporate aviation company sponsors, the association will award more than $100,000 in aviation scholarships–a record amount–on October 22 at the NBAA Convention in Orlando, Fla.
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