Air Works India Engineering has made an investment in Dubai-based Empire Aviation Group. EAG offers aircraft sales, management, charter, finance and insurance. “The acquisition will help us establish a significant footprint in the Middle East by providing maintenance to EAG’s fleet of managed aircraft. In return, EAG will provide aircraft management services to Air Work’s customers in India,” Vivek Gour, Air Works managing director, told AIN.
Air Service Basel’s continuing airworthiness management organization (Camo) status has received approval by the Civil Aviation Authority of the Cayman Islands. It is now authorized to provide continuing airworthiness reviews for all Cayman-registered Gulfstreams, Bombardier Challengers, Global Express, and Learjets, Dassault Falcons, Cessna Citations and Embraer Legacy 600/650s. It has been an established EASA and Bermuda BDCA-approved Camo+ organization for several years and holds both EASA and FAA repair-station approvals.
Boeing named a new head of its Commercial Airplanes unit while announcing Tuesday afternoon that Jim Albaugh has decided to retire from the company on October 1. Raymond Conner, 57, formerly Boeing Commercial Airplanes’ senior vice president of sales and customer support, assumes Albaugh’s CEO position immediately.
Chinese prime minister Wen Jiabao announced at the Rio+20 conference in Rio de Janeiro on Thursday that his country’s Aviation Industry Corporation of China (Avic) has signed an agreement to build Embraer Legacy 650 executive jets in Harbin, China. The project will use the infrastructure, financial resources and workforce of their joint venture, Harbin Embraer Aircraft Industry, which began operations in 2002 building Embraer ERJ145 regional jets.
An All Nippon (ANA) Boeing 767 was substantially damaged, possibly after a windshear encounter, during a hard landing June 20 on runway 16 Right at Tokyo-Narita Airport (RJAA). The aircraft had just arrived from Beijing-Capital Airport (ZBAA) with 193 people on board.
An extremely positive outlook for the commercial aerospace industry is driving strong mergers and acquisitions activity, according to Michael Richter, managing director of the aerospace and defense group at financial advisor and asset manager Lazard.
Lockheed Martin CEO-in-waiting Christopher Kubasik says the company is committed to righting ongoing problems with the F-35 Joint Strike Fighter, which has doubled in unit cost and slipped in schedule by six years until full-rate production, now slated for 2019. Meanwhile, the Government Accountability Office (GAO) said the government is responsible for $672 million of the $1 billion-plus cost overrun from the program’s first four low-rate initial production (LRIP) contracts.
Eurocopter’s X3 compound helicopter prototype began its U.S. demonstration tour at the company’s Grand Prairie, Texas campus yesterday. The X3 first flew in 2010 and can reach speeds in excess of 230 knots. Eurocopter CEO Lutz Bertling said the company is “well positioned to bring this type of helicopter to market in the next 10 years.”
Fans of Lockheed Martin have a chance to win a ride on an historic Lockheed C-121C Super Constellation at the upcoming Farnborough International Airshow (July 9 to 15). Five lucky winners will have a seat on the airplane, when it makes a celebratory flight from the UK’s Farnborough Airport on the morning of July 10.
Kim Smith, representing the International Helicopter Safety Team (IHST), said the group, “wants to reduce helicopter accidents 80 percent by 2016.” IHST released a sub-committee report last week, calling on the entire helicopter industry for help in achieving this goal. After analyzing 523 accidents that occurred in 2000, 2001 and 2006, IHST found that single-engine turbine helicopters accounted for half the accidents analyzed, while multi-engine turbines represented another 10 percent. The remainder were piston-powered rotorcraft.