The $1.79 billion deal for Superior Aviation Beijing to acquire bankrupt Hawker Beechcraft has been scrapped, the Wichita-based aircraft manufacturer announced this morning. As a result, Hawker Beechcraft now plans to emerge from bankruptcy protection in the spring as a standalone company focusing on its turboprop, piston, special-mission and trainer/attack aircraft, as well as parts, maintenance, repairs and refurbishment businesses. The company’s Hawker business jet lines will likely be sold–in whole or individually–or shut down, it added.
AINalerts » October 18, 2012
Third-quarter earnings at Cessna Aircraft and Bell Helicopter parent company Textron rose 6.6 percent year-over-year, to $3 billion, though its manufacturing segment profits slid by $6 million to $254 million. Half of that decrease was attributable to Cessna, which showed a pre-tax profit of $30 million in the quarter versus $33 million last year. But pre-tax quarterly profits at Bell soared by $22 million, to $165 million.
The Indian government looks set to reform complex rules that have made it hard for charter operators to expand services. The country’s Business Aviation Operators Association (BAOA) is in talks with the Ministry of Civil Aviation to permit nonscheduled operators to enter into codeshares with scheduled airlines to provide feeder services to remote destinations with short and unpaved runways.
Donated items for the live auction at the NBAA/Corporate Angel Network (CAN) Soiree, to be held on October 31 during the NBAA Convention in Orlando, Fla., have reached spectacular levels. Aircell has donated the biggest-ticket auction item ever–an ATG 5000 high-speed Internet equipment package for business aircraft worth $91,500–to the organization, which coordinates free transportation for cancer patients on corporate aircraft.
Bell Helicopter broke ground this week on its new Fort Worth, Texas headquarters, a 210,000-sq-ft facility that will house administration, support functions, program offices, customer center and an integrated training center when it opens in 2014. The Bell Helicopter training facility, currently located at Fort Worth Alliance Airport, will also be moved to the new global headquarters.
In releasing its financial results for the third quarter today, Dassault Aviation said it received orders for 37 Falcons during the first nine months of this year. Meanwhile, it delivered 43 business jets in the same period. This compares favorably to last year, with orders for 30 Falcons and 35 deliveries during the first nine months. The French manufacturer said it expects to meet its goal of approximately 65 Falcon deliveries this year.
Eurocopter plans to design a fly-by-wire (FBW) control system for light helicopters, according to a job offer the company published yesterday. The manufacturer is looking for an engineer who would initially be tasked with writing specifications for the FBW system, which seems to indicate the entry into service of such a rotorcraft would take place after that of the still-under-wraps X4. A Dauphin medium-twin replacement, the fly-by-wire X4 is planned to enter into service in 2020.
Jetex Flight Support has taken its first major step to expansion in South America, particularly in Brazil. Earlier this month Jetex started supplying fuel to international operators in domestic airports in Brazil. The company sees Brazil as a growing market for private aviation, with business aircraft traffic at airports within 100 miles of São Paulo doubling during the past five years. Jetex said it will work directly with into-plane agents to help lower prices for their clients by eliminating third-party costs.
Switzerland-based aviation maintenance and completion services firm Amac Aerospace has been granted Boeing 747-400 and 747-8 Part 145 approval, meaning that it can now provide base and line maintenance services on these types. The Boeing approvals come on the heels of Amac Aerospace gaining its European EASA Part 145 approval to undertake heavy base maintenance on the Boeing 777 and Airbus A330 and A340.
Michigan-based fuel and aviation services provider Avfuel has announced the latest addition to its growing network of international dealers. London City Airport Jet Centre is the company’s fourth branded FBO in the UK, joining locations at Belfast, Birmingham and Luton. According to Avfuel president and CEO Craig Sincock, the company is working on deals that it expects will add more UK FBOs, as well as several new mainland European-branded dealers, over the coming months.