Flight Options announced yesterday that it entered into a three-year, $167 million financing agreement with Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES) to finance the fractional jet provider’s order for up to 150 Embraer Phenom 300 light jets.
AINalerts » July 14, 2011
Brian Humphries, president and CEO of the European Business Aviation Association (EBAA), joined the advisory board of aircraft leasing group Milestone Aviation. Humphries, who was previously CEO of the Shell Aircraft flight department and an Air Commodore in Britain’s Royal Air Force, also serves as chairman of the British Helicopter Association.
Embraer announced this week that it has joined the fuselage of the first Legacy 500 at its São José dos Campos, Brazil plant. The midsize jet’s fuselage is built in three sections–cockpit, center fuselage and aft fuselage–and is constructed of aluminum alloy, with “substantial” composite materials content, the company said.
Honda Aircraft president and CEO Michimasa Fujino welcomed members of the media on Tuesday to a rare open house at the company’s new production facility at Piedmont Triad International Airport in Greensboro, N.C. The $100 million, 263,000-sq-ft production facility was completed earlier this year.
In a board meeting Tuesday, the NTSB pinned the blame for the March 2009 fatal crash of a Pilatus PC-12 in Butte, Mont., on the actions of the pilot.
A German bankruptcy administrator has seized a private Boeing 737 used by Thailand Crown Prince Maha Vajiralongkorn as part of a long-running dispute between the Thai government and defunct German construction firm Walter Bau AG. The aircraft is being held at Munich Airport. The dispute relates to alleged unpaid bills from a 20-year-old contract to build Bangkok’s Don Muang Tollway highway.