Business

April 29, 2013 - 11:21am

Even as AirAsia India prepares to apply for a No Objection Certificate to start domestic operations, Abu Dhabi-based Etihad Airways has invested $379 million in India’s Jet Airways. The outlay gives Etihad a 24-percent share in India’s second largest carrier.

April 29, 2013 - 11:16am

The U.S. Congress moved to relieve the Federal Aviation Administration of its need to furlough air traffic controllers last week after five days of prolonged flight delays at major airports blamed on controller staffing reductions.

April 26, 2013 - 2:45pm

Following Israeli requests for advanced defense equipment, the U.S. has agreed “an unprecedented release of capabilities,” according to a senior Pentagon official. Israel will receive Bell-Boeing V-22 Osprey tiltrotors; KC-135 tankers; AESA radar retrofits for its F-15 and F-16 fighters; and anti-radiation missiles. The new approvals were made public during U.S. Secretary of Defense Chuck Hagel’s visit to Israel and other countries in the Middle East this week.

April 25, 2013 - 3:36pm

Revenues at General Dynamics’ aerospace division, which includes Gulfstream Aerospace and Jet Aviation, soared to nearly $1.78 billion in the first quarter, a $155 million increase from a year ago, according to financial results the company released yesterday. Segment profit in the quarter also climbed by $39 million, or 14.4 percent, to $310 million, thanks in large part to Gulfstream, though General Dynamics chairman and CEO Phebe Novakovic said Jet Aviation “made a contribution in the quarter.”

April 25, 2013 - 3:27pm

NBAA president and CEO Ed Bolen gave a big thumbs down yesterday to legislation sponsored by Sen. Kirsten Gillibrand (D-N.Y.) “that would single out one industry, general aviation, for a change in its established depreciation schedule.” Gillibrand’s proposal would extend the current five-year tax-depreciation schedule for general aviation aircraft to seven years.

April 25, 2013 - 3:23pm

NetJets has filed lawsuits against Signature Flight Support and Landmark Aviation in an attempt to force the two FBO chains to extend contracted high-volume fuel discounts to Support Services clients at NetJets aircraft charter and management arm Executive Jet Management.

April 25, 2013 - 3:10pm

Robinson Helicopter founder Frank Robinson will receive the 2013 Daniel Guggenheim Medal on May 22 at the Grand Awards Banquet of the American Helicopter Society International’s Annual Forum in Phoenix. The Medal recognizes notable achievements in aeronautics and is awarded jointly by the American Institute of Aeronautics and Astronautics (AIAA), the American Society of Mechanical Engineering (ASME), the American Helicopter Society (AHS) International, and the Society of Automotive Engineers (SAE) International.

April 25, 2013 - 3:00pm

Though its parent company Finmeccanica yesterday reported €786 million in losses last year, subsidiary AgustaWestland posted strong 2012 results that included revenues of €4.2 billion, new orders of €4 billion and an accumulated backlog of €11.87 billion, as well as earnings before interest, taxes and depreciation of €473 million. The helicopter manufacturer’s results reflected marginally improved results over its 2011 performance and also reflected a slight increase in research and development spending, to €506 million.

April 24, 2013 - 12:48pm

“Our customers will get 24/7 global free-of-charge troubleshooting hotline support for up to 10 man hours as an airside assistance regardless of where the aircraft operates,” said Walter Heerdt, senior v-p of marketing and sales. “This means that after signing a standby support agreement, no further fees or charges will apply until the customer requests additional service at prior agreed-to prices and conditions.”

Engineering and troubleshooting questions will be handled by Lufthansa Technik’s central maintenance control center.

April 24, 2013 - 12:35pm

Constant Aviation has been named one of the top five highest-performing Aircell dealers. Constant Aviation’s Wi-Fi STCs include the Hawker 800A/XP, 850XP, 900XP, the Citation X, the Phenom 300, the Legacy 600 and the EMB-135LR. STCs on the Beechjet 400A/XP and executive-configured Boeing 737 are in the final stages of FAA approval.

 
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