Milestone Aviation Group, the helicopter leasing firm headed by NetJets founder Richard Santulli, closed a new $300 million credit facility yesterday. The company will use these proceeds to acquire and lease helicopters–including Sikorsky S-92s, Eurocopter EC225s and AgustaWestland AW189s and AW139s–valued at $400 million to affiliates of Bristow Group. The credit facility is the largest ever for a helicopter lessor, the company said.
Gulfstream Aerospace’s enhanced vision system (EVS) II and head-up display (HUD) II for the G280 are now FAA certified, the company announced late last week. Combined, the systems–which are integrated with the G280’s Rockwell Collins Pro Line Fusion-based PlaneView280 avionics–allow pilots to see terrain, runways, taxiways and possible obstructions in low-visibility conditions.
Cirrus Aircraft’s Vision SF50 single-engine jet program has made “significant progress” toward certification, the Duluth, Minn.-based aircraft manufacturer said yesterday at EAA AirVenture. First delivery of an SF50 is still scheduled for late 2015, it added.
According to Cirrus, the next steps in the program involve building conforming aircraft for further certification testing (it has been flying a non-conforming prototype since July 2008) and preparing the Cirrus headquarters in Duluth and its manufacturing facility in Grand Forks, N.D., for production.
Able Flight, which offers scholarships for flight training as a unique challenge for people with disabilities, introduced six new sport pilots to the global flying community Tuesday in a brief ceremony on Phillips 66 Plaza at EAA AirVenture 2013.
Any chance for a rapprochement between the EAA and FAA over the latter’s imposition of more than $450,000 in air traffic control fees on this year’s AirVenture appears unlikely.
Cirrus Aircraft is not ruling out making some parts for its new $1.96 million (2010) SF50 single-engine jet in China as a strategy for combating costs.
Cessna Aircraft’s single-engine line is likely to experience price hikes as the company seeks to improve profit margins on all of its aircraft, even as sales of some models slump. That was the word from Cessna vice president Jodi Noah here at EAA AirVenture Monday. “We will be pursuing price increases on a few of the different products primarily because we want to be able to offer the different products in our line-up.
Honda Aircraft brought two of its FAA-conforming HondaJets to EAA AirVenture Oshkosh. The two jets landed on Sunday July 28, then made their public debut on Monday, flying a demonstration formation flyby before parking in the center of Phillips 66 Plaza.
Hartzell Propeller and formation aerobatic group Team AeroDynamix have agreed to a multi-year partnership in which the propeller manufacturer is providing support and components to the team. The partnership includes Hartzell’s provision of ASC-II advanced structural composites propellers, spinners, governors and service through 2018.
Icon Aircraft, manufacturer of the in-development amphibious A5 Light Sport Aircraft (LSA), announced at EAA AirVenture Oshkosh today that the FAA has granted an exemption for a gross weight increase for the A5 to accommodate added safety features, including a spin resistant airframe (SRA). Under Exemption Number 10829, the A5’s allowable takeoff weight will increase up to 1,680 pounds, though the initial production A5 will weigh 1,510 pounds, according to the Los Angeles-based company.