Four months after John Nahill, former v-p of corporate strategy and development at Raytheon Co., took charge of Flight Options from its founder and then chairman and CEO Kenn Ricci, Raytheon in mid-June completed a “financial recapitalization agreement” in which it now owns approximately 65 percent of the world’s second-largest fractional aircraft ownership company.
Aviation International News » July 2003
China Aviation Industry, the country’s largest state-owned air-plane manufacturer, said at the Paris Air Show last month it plans to design and build a 70- to 90-seat regional jet that will be 10 percent cheaper to buy and to operate than competitive aircraft from Bombardier and Embraer. Officials in Paris declined to give the price of the ARJ21, or when it would enter the market.
Colombian carrier Aces will return eight ATR 42 turboprops to leasing companies as part of a reorganization plan by parent group Alianza Summa. Last month Summa announced a 30-percent cut in both its fleet and its workforce of some 7,500 employees as its flagship airline, Avianca, struggled to emerge from bankruptcy.
According to the NTSB, the pilot’s failure to maintain airspeed during a bank angle of 60 to 80 degrees while trying to return to the Vero Beach Municipal Airport, Fla., after declaring an unspecified problem–resulting in a stall and an uncontrolled descent into the ground–was determined as the cause of the crash of a two-month-old Piper Meridian (N262MM) turboprop single on April 9, 2001. The pilot and passenger were killed.
European nations apparently have resolved their objections over budgeting of Galileo, Europe’s $4.2 billion rival to GPS. Several EU nations had voiced concern about Galileo’s high cost, with some countries, most recently Spain, complaining they had been left out of commercial bidding negotiations. Under the final plan, Spain’s share increases from 9.5 percent to 10.25 percent. The cost of Galileo is being shared by 15 European countries.
A new online training program designed to help pilots navigate safely and legally through the ever-shifting airspace regulatory maze has been introduced by AOPA’s Air Safety Foundation. Know Before You Go, Navigating Today’s Airspace is a free, interactive program that delves into how to get and interpret information on TFRs, ADIZs, FRZs and Special FAR 94 around Washington, D.C.
The DOT’s office of inspector general on June 16 opened a review of the FAA’s oversight of the growing use of regional jets and the resulting effects on operations and competition.
Plans to adapt explosion-suppressant foam (ESF) to business jets has been indefinitely delayed. Engineering Inerting Systems of Ramsey, N.J., a joint venture between Aircraft Services Group and ESF provider Crest Foam Industries, said in January it was aiming to obtain the initial STC for the Boeing Business Jet in about six months (AIN, February, page 32).
With a fresh coat of paint and 60 hours of logged time under its wing since it started flying on March 7, the first of two flight-test versions of Bombardier’s new Global 5000 made its public debut at the week-long Paris Air Show last month.
Dassault Falcon Jet officials broke ground last month on a 32,200-sq-ft building complex across the street from the company’s Teterboro, N.J. headquarters that will serve as a base for the flight-operations department and the Falcon demonstration fleet. The hangar, accounting for 22,500 sq ft of the project, will be able to accommodate up to six Falcons, including the new Falcon 7X.