Investors from the United Arab Emirates are trying to purchase a majority share of financially troubled would-be jet manufacturer Sino Swearingen Aircraft, according to a news report published by Taiwan’s Central News Agency. However, the buyout plan might be subject to Taiwanese government approval following a planned presentation
Aviation International News » April 2008
Flight services provider Arinc has added an automatic radiation calculating feature to its Arinc Direct flight solution package. Portfolio subscribers will be able to use the feature free of charge to track the potential radiation exposure of their flight crews.
Boeing announced today it has agreed to acquire Vought Aircraft Industries’ interest in Global Aeronautica, the South Carolina fuselage subassembly facility for the 787 Dreamliner. Upon completion of the transaction, Global Aeronautica will become a 50-50 joint venture between Boeing and Alenia North America, a subsidiary of Italy’s Alenia Aeronautica–a Finmeccanica company.
CHC Helicopter, the world’s largest provider of helicopter services to the offshore oil and gas industry, is being sold for $3.7 billion in what company officials describe as “the largest oilfield services buyout ever.”
The buyer is First Reserve, a Greenwich, Conn.-based private-equity company. In addition to $1.46 billion in cash, the firm will assume $1.48 billion in aircraft liabilities and about $779 million in debt.
Hawker Beechcraft plans to invest $14 million in its aircraft maintenance and service facility at Indianapolis International Airport, the company said. Additional facilities will include a 6,500-sq-ft terminal, a 40,000-sq-ft service hangar and 20,000 sq ft of back shops and administrative offices.
The European Commission (EC) has ordered Italy to ensure immediate reimbursement of E170 million ($250 million) worth of “illegal” loans that had been allotted to various aerospace programs, including AgustaWestland for the A109 and A119 and Alenia-made Falcon 2000 business jet subassemblies. In addition, Italy must ask Avio to repay a loan for its contribution to the Pratt & Whitney Canada PW308 business jet engine.
Virgin Charter last month officially opened its online marketplace, which it bills as “the first-ever end-to-end solution for private air travel.” According to the company, the online service makes it easy to find and book charter flights on private aircraft from operators chosen for their “exceptional safety and quality standards.” The launch marks the conclusion of a six-month beta testing period during which a group of corporate and individ
French-based executive air charter operator THS has filed a lawsuit against NetJets Europe for “dissimulated labor.” THS alleges that NetJets has hired pilots under foreign contracts, thus evading French taxes and social contributions. Therefore, the company claims it is at a disadvantage and pilots do not have the social security they should have. THS asserts that some 100 pilots are affected.
A coalition of 36 aviation organizations–including NBAA, GAMA and NATA, though not AOPA or ATA–sent a letter to the full U.S. Senate last month, calling for members to pass a comprehensive, long-term FAA reauthorization bill this year. Further, they urged the Senate to make the legislation a priority, noting that aviation represents 5.4 percent of the U.S.
Dassault has launched a major extension of the Charles Lindbergh Hall, the Falcon 7X final assembly line at its Bordeaux Mérignac production site in France. The extension adds 260,000 sq ft and means the facility will be able to accommodate another 14 Falcon 7Xs. Construction started in November last year and the new building should be operational early next year.