NetJets parent Berkshire Hathaway reported yesterday that its other businesses, which includes NetJets, grew 2012 revenues to $2.152 billion in the second quarter and $4.199 billion in the first six months, up 3 and 4 percent, respectively. Earnings in 2012 reflected increased earnings at NetJets and earnings from the Omaha World-Herald.
Business
August 9, 2012 - 3:00pm
Bombardier today reported aerospace revenues for the second quarter increased to $2.3 billion from $2.1 billion helped by business aircraft deliveries that grew to 46 aircraft, up from 35 in the same period last year. Business aircraft orders for the quarter were 134 versus 43 in the same quarter last year, boosted by the firm NetJets order for 100 Challengers. Bombardier Aerospace’s backlog has grown to $25.2 billion, up from $22 billion as of Dec.
August 9, 2012 - 2:40pm
A Reuters report last night said that the private equity owners of Landmark Aviation have put the company up for sale. Landmark is owned by GTCR Golder Rauner and Platform Partners and includes an FBO chain (52 bases), maintenance and charter division and Encore Support Systems. Encore FBO, backed by GTCR Golder Rauner and Platform Partners, purchased the Landmark Aviation Airport Services Division from Dubai Aerospace Enterprise in March 2008 for an undisclosed amount. At the time, this added 33 FBOs to Encore’s eight to create the global Landmark network.
August 8, 2012 - 2:00pm
Bell Helicopter, in partnership with Cessna Aircraft, opened a new regional service center in Singapore at Seletar Aerospace Park. “The grand opening of our Asia Pacific service center brings to life a vision of providing support to our current and future customers in this important growth region,” said John Garrison, president and CEO of Bell Helicopter. “It is the result of years of planning for an increased presence in Asia Pacific, a key market for both Bell Helicopter and Cessna.”
August 8, 2012 - 1:55pm
Baker Aviation’s maintenance facility at Addison Airport, Texas, has received FAA approval as a Part 145 repair station. The facility is currently the only certified repair station on the field.
August 8, 2012 - 1:37pm
Vision Technologies Aerospace has terminated its asset purchase agreement with Pemco World Air Services, as reported in AIN in June. VT Aerospace intended to acquire Pemco’s Tampa aerospace facility and other assets. The decision to terminate the agreement was made after the seller could not fulfill certain conditions before the closing deadline.
August 8, 2012 - 1:33pm
Tactair Fluid Controls has launched a new technology program that gives OEMs the option of installing electro-mechanical, optionally actuated landing gear and door uplocks. The focus of the program is to offer a choice between an electro-mechanical release and the traditional mechanically actuated release. Tactair says the new electro-mechanical alternative uplock release offers increased flexibility and opportunities for significant weight savings.
August 8, 2012 - 1:30pm
A J Walter Aviation is to buy the component repair business of Aveos Fleet Performance. AJW plans to develop an MRO operation and will establish Aveos’s Montreal facility as its new global aircraft components maintenance headquarters. The acquisition is part of a larger expansion program that has included establishing offices in Miami, Dubai and Singapore; additional spares hubs across Europe, Asia, the Middle East and the Americas; and the launch of a new engine division. A UK global headquarters and logistics center will open later this year.
August 8, 2012 - 8:25am
In its 30th year in business, 25 of them manufacturing aircraft pocket doors, Steecon has expanded its business to include hi-lo single- and dual-pedestal tables in both electric and manual variants.
According to corporate accounts manager Julie Erickson, the product list also includes an electric side-ledge table, monitor lifts and mounts and even an electric version of its curved pocket door.
August 7, 2012 - 4:07pm
Signature Flight Support’s first-half revenue fell 1 percent year-over-year to $488.6 million, parent company BBA Aviation reported today. The company says the decrease was attributable largely to declines in North American and European business and general aviation movements of 1 percent and 4 percent, respectively.
