Tata Ltd., a UK-based subsidiary of India’s Tata Sons, announced today at the NBAA Convention that it will buy a one-third share of Italy’s Piaggio Aero Industries, manufacturer of the Avanti II turboprop twin. The proposed investment by Tata, which is expected to receive regulatory and other approvals later this week, includes the purchase of existing shares from current shareholders and a new share offering.
AINalerts » October 5, 2008
Dassault Falcon today announced the long-anticipated upgrade to the Honeywell Primus Epic-based Enhanced Avionics System (EASy) flight deck–the EASy Phase II system with synthetic-vision system (SVS) technology. Both a hardware and software upgrade, EASy Phase II certification is expected by the end of next year for the Falcon 900 series and mid-2010 for the Falcon 2000 and 7X models.
Hawker Beechcraft today launched the Hawker 450XP, a derivative of the Hawker 400XP (née Beechjet 400A) with new cockpit avionics and engines.
Even taking into account the most recent upheaval on Wall Street, engine and avionics manufacturer Honeywell Aerospace’s just released 17th annual business aviation market forecast calls for deliveries of up to 17,000 new jets worth approximately $300 billion over the next decade. Based on operator responses, the results from this year’s survey show record deliveries will continue through next year, with a drop off in 2010.
Gulfstream Aerospace this morning unveiled the G250 to succeed the G200 (née Galaxy), which was the first super-midsize business jet to enter service–back in January 2000. This marks the second new aircraft launch this year for the Savannah, Ga.-based manufacturer, following the official go-ahead for the ultra-large-cabin G650 in March.