Business aircraft trading has started to move more freely, but the fallout from the financial crisis continues to cast a shadow over the market, according to JetBrokers Europe. The UK-based group says brokers are having to work harder and be more inventive to get deals closed. And buyers are facing much closer scrutiny from lenders.
Aviation International News » December 2010
FedEx Express is converting its entire fleet of 250 Cessna 208 Caravans from de-icer boots to CAV Aerospace TKS ice-protection systems and Garmin G600
Gulfstream Aerospace announced ambitious plans last month for a $500 million, seven-year expansion project at its Savannah, Ga. headquarters “to ensure that the company is well positioned to meet future demand for business jets and support services.” To facilitate the new development, the aircraft manufacturer entered into a 50-year lease with the Savannah Airport Commission to build additional facilities on 159 acres of airport land.
As of November 18, Bermuda is requiring all foreign operators of business aircraft with an mtow of more than 12,500 pounds to have a safety management system (SMS) and meet other requirements under ICAO Annex 6.2.3.
Financial records at French air charter operator Blue Line are being scrutinized following the company’s compulsory liquidation on October 6 with debts of €37 million ($52 million). The suddenness of the 200-employee company’s demise prompted the judge in charge of the liquidation to tap a certified public accountant to investigate Blue Line’s financial affairs. A preliminary report is to be released by year-end.
The UK’s Air Accidents Investigation Branch is probing the crash of a Cessna Citation II that closed Birmingham Airport for several hours on November 19. The airplane crashed at around 3:35 p.m. local time in foggy conditions. According to the airport, the twinjet hit the antenna of the ILS as it was on the approach to land. The Citation was operated by Liverpool-based charter operator AD Aviation.
Faced with an FAA mandate to modify all of the Hawker 4000s delivered thus far with fuel system upgrades that meet the latest certification standards, Hawker Beechcraft is combining that work with an extensive upgrade and enhancement program. The fuel system modifications require removal of the interior and fuel system wiring harness isolation and other changes, all of which bring the 4000 to amendment 102 standards of Part 25.
On November 19, Embraer delivered the first Legacy 650. It went to Amsair Aircraft, which is owned by Lord Alan Sugar, and will be based at London Stansted Airport. The bizliner will be operated by Titan Airways Executive, an air charter firm at Stansted.
Members of the Schweizer family claim Sikorsky short-changed them on the 2004 purchase of their helicopter company and are suing to recover $2.8 million. According to the lawsuit, Sikorsky parent United Technologies paid $12 million for the Elmira, N.Y.-based company with promises of up to $10 to $14 million more once certain program progress goals were met and two crash lawsuits were settled.