Business

August 1, 2014 - 3:30am

An acquisitive Textron has assembled a new flight simulator manufacturing and training company–TRU Simulation + Training–that its leaders believe will offer strong competition to entrenched players FlightSafety International and CAE. TRU’s president and CEO is James Takats, one of the founders of Florida-based simulator manufacturer Opinicus, which became a Textron property in November last year.

July 31, 2014 - 6:00pm

Bombardier Aerospace today reported second-quarter revenues of $2.5 billion, up from $2.3 billion a year ago, thanks to “higher deliveries of regional airliners but offset by lower business jet shipments due to the Challenger 350 transition,” noted Bombardier president and CEO Pierre Beaudoin. The division reported a pre-tax profit of $141 million in the quarter, some $3 million more than in the same period last year.

July 31, 2014 - 6:00pm

As Pilatus prepares to roll out the first prototype of its new PC-24 twinjet tomorrow at its factory in Stans, Switzerland–while also celebrating the company’s 75th anniversary on Swiss National Day and the 20th anniversary of the PC-12’s entry-into-service–it confirmed to AIN during a factory tour that it has stopped taking PC-24 orders for now, having announced 84 at EBACE in May.

July 31, 2014 - 6:00pm

Embraer remains on target for its annual delivery forecast, according to the Brazilian airframer. Speaking during a second-quarter earnings call this morning, CFO José Filippo said the company still expects to meet its goal of delivering between 105 and 120 executive jets for the year. He noted the manufacturer delivered 49 business jets (39 Phenoms, eight Legacy 600/650s and two Lineage 1000s) in the first half, 29 of them in the second quarter.

July 31, 2014 - 6:00pm

Airbus Group announced yesterday that it is “pursuing disposal options for its investment in Dassault Aviation.” Airbus’s 46-percent share gives it no power in decision making and is only a legacy of the share the French state used to have in Dassault. The Dassault family, via the GIMD holding company, owns slightly more than 50 percent of the manufacturer of the Rafale fighter and the Falcon business jets. Investor activist group TCI estimates that Airbus’s share in Dassault is worth €5 billion.

July 31, 2014 - 6:00pm

Business jet manufacturers saw a better than 12-percent jump in first-half global deliveries year over year, with 318 private jets handed over during the first six months, according to statistics released today by the General Aviation Manufacturers Association (GAMA). {{Pete Bunce quote TK – insert here}}

July 31, 2014 - 12:51pm

Bombardier CEO Pierre Beaudoin now will exercise more direct oversight of the three units that comprise the company’s Aerospace division, after years of what he considers substandard performance, the Canadian executive conceded during Bombardier’s second-quarter earnings conference call on Thursday.

July 31, 2014 - 12:45pm

Embraer will begin assembling its new midsize Legacy 450 and 500 business jets at its Melbourne, Fla. campus by 2016, build a major new plant expansion there and add 600 jobs. Company executives announced the moves here at AirVenture on Wednesday. Embraer Executive Jets senior vice president Jose Eduardo Costas added that certification of the fly-by-wire Legacy 500 is “imminent.”

July 31, 2014 - 11:45am

Engine modification firm Blackhawk announced a deal with maintenance program provider Jet Support Services Inc. (JSSI) at EAA AirVenture 2014 yesterday that will give customers the option of upgrading to new Blackhawk conversions in place of standard overhauls. Under the deal, JSSI will contribute to the value of the overhaul while customers would make up the difference in price.

July 30, 2014 - 7:00pm

“We’re excited about our expanding customer base,” said Rhett Ross, president of Continental Motors, commenting about the growing number of aircraft manufacturers that have committed to jet-A-powered diesel engines. The newest customer for Continental’s CD-155 engine is Cessna, which selected the 155-hp diesel to power its Turbo Skyhawk JT-A.

 
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