The U.S. government’s main export finance agency is looking to be more active in supporting business aircraft transactions. “The ExIm Bank is often called The Bank of Boeing, but I want to see it called The Bank of Wichita,” said Bob Morin, vice president of the transportation division with the Export-Import Bank of the U.S.
Aviation International News » April 2011
Multiple deadlines have passed since Embraer early last year said its Chinese joint venture would cease to exist if it couldn’t reach an agreement with its partners to build E-Jets in Harbin. Today, Harbin Embraer Aircraft remains open, but with enough work to last it until this quarter at the latest. In fact, its backlog consists of just one more ERJ 145, expected to go to Tianjin Airlines some time this spring.
The National Air Transportation Association (NATA) has released the 2011 revision of its refueling and quality control guide. The new edition is a complete update, with chapters addressing all aspects of fuel handling, including training, equipment, operational procedures, spills and safety.
The market for business aircraft in India is wide open and set to grow at a rate of about 13 percent each year over the next decade, according to Alok Wadhawan, a manager with the structured finance division of South African bank Investec.
Chinese companies are at the forefront of efforts to provide the capital needed to expand that country’s business aircraft fleet via finance and operating leases. Beijing-based Minsheng Financial Leasing has already acquired 32 jets and expects all of these to be in service with operators in China by year-end–at which point it intends to have extended its portfolio of aircraft ordered to around 50.
The business aviation industry has now passed rock-bottom in what has been a cyclical dip of historic proportions, but the pace and extent of its recovery remain far from clear. This was the main area of consensus among delegates to the International Corporate Jet & Helicopter Finance conference held in London in mid-February.
International FBO operator ExecuJet announced three new FBO additions to its line-up. At Essendon Airport in Melbourne, Australia, the company will expand its current maintenance facility to include an 8,100-sq-ft FBO with integrated lounge area, offices and stores. ExecuJet Melbourne also plans to include aircraft management and charter services in the new building, which is expected to open this August.
Landmark Aviation is in the process of rebranding the seven FBOs it gained after finalizing its acquisition of the assets of Odyssey Aviation. The addition brings Landmark’s location total to 47 overall, including 42 in the U.S.
Embraer has signed a contract for sale of a Phenom 300 to Amil Assistência Médica. It will be the first medevac version of the Phenom 300. Delivery is expected in the fourth quarter.
The FAA issued an Airworthiness Directive for the Eclipse 500 last month that, as of March 21, would limit the airplane’s maximum operating altitude to 30,000 feet.