AINalerts » November 4, 2008

November 4, 2008 - 11:26am

NBAA and AOPA late last week sent a joint letter to the TSA asking the agency to double the 60-day comment window for the Large Aircraft Security Program proposal, which would cover all Part 91 operators flying aircraft with an mtow exceeding 12,500 pounds.

November 4, 2008 - 11:25am

Albuquerque, N.M.-based Eclipse Aviation yesterday confirmed that it scrubbed its planned attendance at AOPA Expo this week in San Jose, Calif., as it seeks to cut costs during its continuing search for financing. “We had to make the difficult decision to cancel our attendance at AOPA as part of our efforts to conserve cash,” a company spokeswoman told AIN via e-mail.

November 4, 2008 - 11:22am

Hawker Beechcraft chairman and CEO Jim Schuster informed employees on Friday that the Wichita-based aircraft manufacturer will lay off 5 percent of its workforce, affecting about 500 people. He cited “very serious challenges facing our company due to the unprecedented worldwide economic decline” as the reason for the layoffs.

November 4, 2008 - 11:21am

Germany-based Grob Aerospace GmbH, which was forced to enter the preliminary insolvency process on August 18 after its main source of capital suddenly withdrew financial support for the new SPn light business jet program, on Thursday officially filed for insolvency and laid off most of its staff.

November 4, 2008 - 11:20am

Socata–the Tarbes, France-based manufacturer of the TBM 850 turboprop single–will be majority owned by French-based aerostructure specialist Daher under an agreement reached yesterday with Socata parent company EADS. The transaction amount was not disclosed. Daher is acquiring a 70-percent stake in Socata and has an option to buy the remaining 30 percent in three years.

 

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