Business

September 18, 2014 - 2:20pm

UK-based air charter company London Executive Aviation (LEA) recorded its strongest ever financial and operational performance, the company announced today. In its Fiscal Year that ended March 31, LEA saw revenue rise by 23 percent, to £33.2 million ($54.1 million), “reflecting stronger charter demand and growth in the company’s aircraft management revenues.” In the same period, its flight hours increased by 16 percent and the number of aircraft movements climbed by 18 percent.

September 18, 2014 - 2:00pm

Gulfstream Aerospace named Jim Tait vice president of sales operations and analysis. He will oversee customer relationship management, commercial contracts, market research, aircraft pricing, residual-value analysis and customer financial support. Tait joined Gulfstream in 1999 as a senior financial controller and was promoted to director of financial planning and analysis in 2000. He has more than 25 years of experience in the engineering, defense and aviation industries, focusing on long- and short-range business plans, trend analysis, financial outlooks and pricing strategies.

September 17, 2014 - 6:00pm

Boise, Idaho-based Western Aircraft is retooling its MRO sales and service team following inauguration of its recently expanded facility. In addition to expanding its existing facility by 26,000 sq ft, the company also augmented its employee roster, to 200 from 150.

September 17, 2014 - 6:00pm

New Castle, Delaware-based Volo Direct has moved into a newly renovated 40,000-sq-ft warehouse and office space. According to Kevin Wargo, the company’s president, the move will accommodate continued expansion and will allow Volo Direct to serve its customers better. Volo Direct has more than 12,000 unique aircraft parts in inventory for airframes, including the Astra, BAe-146, Challenger 600/601/604, Dornier 328, Falcon 50, Hawker 400/700/800, Learjet 35/45 and Westwind.

September 17, 2014 - 6:00pm

The supervisory board of Lufthansa Technik has appointed Dr. Johannes Bussmann, 45, the new chairman of the executive board. He replaces August Wilhelm Henningsen, who will retire next year. Bussmann has been the member of the executive board responsible for human resources, engine and VIP Services since September 2012. In 1999 he moved from the ABB Group to Lufthansa Technik and began his career in the product development and sales division.

September 17, 2014 - 6:00pm

As part of a strategy to improve the performance of its aerospace business, Timken is eliminating its aerospace segment leadership positions and integrating aerospace activities under the direction of Chris Coughlin, executive vice president and group president.

September 16, 2014 - 3:50pm

Bombardier will be the first manufacturer to offer high-speed Ka-band in-flight Internet conductivity in a business aircraft, with Honeywell’s new JetWave satcom system to be available for delivery aboard the Canadian aircraft manufacturer’s Global series starting in 2016, the companies announced this morning.

September 16, 2014 - 3:35pm

Two sessions at next month’s NBAA Convention in Orlando, Fla., will focus on unmanned aircraft systems (UAS) to provide attendees with information about upcoming regulations governing UAS operations and their potential effects on the business aviation industry. “Unmanned aircraft are a growing part of the business aviation community,” said NBAA senior vice president of conventions and membership Chris Strong.

September 16, 2014 - 3:20pm

The Bombardier Learjet 70 and 75, updated variants of the Learjet 40 and 45 with a Garmin G5000 avionics suit, received type certification from the EASA on Friday, the Canadian aircraft manufacturer said. This clears the way for EASA-registered customers to start taking delivery of the new aircraft. “Since their entry-into-service in December, the Learjet 70 and 75 have received strong interest from our customers,” said Bombardier Business Aircraft president Eric Martel.

September 16, 2014 - 3:05pm

Epic and U.S. Bank introduced an enhanced Epic Card as the first card issued by a fuel supplier to provide global acceptance via U.S. Bank’s aviation-specific network. The Epic Card is now accepted at thousands of FBOs globally that process through the U.S. Bank Multi Service Aviation Network, the companies said. For Epic cardholders, all card transactions will appear on one statement each month for streamlined reconciliation. In addition, a mobile app and a dedicated website provide online settlement, tracking and account-specific pricing.

 
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