Lawrenceville, Ga.-based American Utilicraft, which is developing the twin-turboprop FF-1080 freight feeder, saw its share price drop from its 52-week high of $7.50 to $1.60 after September 11. In response to a Pentagon request from U.S. companies to submit proposals to combat the threat of terrorism, AUC is offering the airplane as a special-purpose aircraft to carry mail to and from U.S.
Aviation International News » January 2002
The developer of the single-turboprop pusher Jetcruzer 500 gave holders of its Class A and B warrants an additional month to convert their warrants, purchased five years ago when Long Beach, Calif.-based AASI held its initial public offering, to common stock. AASI’s stock, which was offered at $5 per share in December 1996, has been trading well under $1 for more than a year (at press time it was trading at about 25 cents). Said Dr.
Last year was not friendly to startup companies dreaming of producing airplanes, but there are glimmerings of hope for some. Financial issues, however, continue to dominate the agendas of companies like AASI, American Utilicraft, Phoenix Fanjet (Alberta Aerospace), VisionAire and others, while development of their respective aircraft takes a backseat.
Charter aircraft operators seem to be weathering the double whammy of a recession and increased aviation security measures with reasonable success, with requests for information and, in some cases, actual charter bookings up in the more highly populated areas but down in some other places.
Banks have them, and so do many convenience stores and passenger cars. And now it seems that many aircraft will also have “panic buttons” on board, if Aeronautical Radio Inc. (Arinc) has its way. In November the company displayed its security messenger system at an ATC convention in Washington.
A recent FAA briefing note concluded, “The future of ATC is all about data communications,” and government and industry officials, both in the U.S. and overseas, are in complete agreement with this view. The problem facing aviation is that these same officials seem to be in agreement on precious little else.
The major reductions in airline passenger traffic at San Francisco International Airport (SFO) since September 11 may actually benefit business aviation activities at the airport, as well as SkyWest Airlines, the sole regional airline operation remaining at the large West Coast airport.
Ibis Aerospace came to last month’s NBAA Convention with a restyled full-scale cabin mockup of its Ae270 turboprop single. The new interior provides fully adjustable leather seating in a club arrangement and includes two foldout tables, an ultrasuede headliner, a fabric-covered side ledge, adjustable lighting and environmental controls.
Just three months after issuing its annual 10-year business jet delivery forecast, Honeywell published a revised and less optimistic forecast. The engine and avionics manufacturer now projects that airframers will deliver 8,400 business jets between 2002 and 2011, 500 units (or 5.6 percent) fewer airplanes than the company forecast in September.
Since mid-September, a French operator has been flying the first Embraer ERJ-135 dedicated to charter in Europe. The Chambéry-based firm feels it has filled a gap in charter capacity. The twinjet, registered F-GYPE, is operated by Hex’Air, a small airline whose sister company, executive charter operator Pan Européenne Air Service, markets it alongside its own business aircraft.