AINalerts » May 3, 2011

May 3, 2011 - 11:00am

After 11 years at Cessna, and eight of them in the left seat, Jack Pelton is leaving the Textron-owned, Wichita-based aircraft manufacturer. A Textron spokesman told AIN this morning that the decision for Pelton, 52, to retire was a mutual one between Pelton and Textron CEO Scott Donnelly.

May 3, 2011 - 10:45am

First-quarter 2011 business jet and turboprop sales and retail transactions were positive, according to data providers Amstat and JetNet. “There are a lot of promising trends here,” wrote Amstat executive v-p Tom Benson in the company’s latest market update report. About 14.2 percent of the worldwide business aviation jet fleet is for sale, down from 14.7 percent three months ago. The turboprop fleet dropped to 11.6 percent from 11.9 percent.

May 3, 2011 - 10:30am

In its first-quarter earnings call this morning Hawker Beechcraft announced it has increased its backlog over the previous quarter by $122 million, to $1.5 billion (marking the first time the company has posted a quarterly increase since the third quarter of 2008), with new orders of $714 million exceeding its cancellations of $33 million.

May 3, 2011 - 10:15am

Embraer delivered fewer aircraft in the first quarter of this year compared to the same period last year, according to financial results released this morning. Executive jet deliveries in the first three months of this year totaled eight aircraft, 11 fewer than in the same period last year.

May 3, 2011 - 10:00am

Nordam Group of Tulsa has filed a lawsuit against Cessna Aircraft, alleging a breach of contract and seeking to prevent the OEM from transferring intellectual property to a competitor, according to court documents. The claim states that unless Cessna is halted, Nordam will suffer more than $30 million in damages. Last Thursday, U.S. Chief District Judge Claire Eagan in Tulsa turned down Cessna’s request to dismiss or move the case to U.S.


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