Jet Aviation expanded its management support service offerings to help aircraft owners and operators comply with the upcoming April 30 deadline for emissions allowances under the European Union Emissions Trading Scheme. All operators that are required to surrender emission allowances must open a union registry account in their appointed member state and submit the allowances by the deadline or face penalties. Jet Aviation is providing union registry account opening and administration services to help operators comply with the regulations and avoid non-compliance fines.
The Aircraft Electronics Association used the occasion of the 56th annual AEA International Convention and Trade Show to introduce its first Avionics Market Report, an accounting of what participating OEMs sold in the previous year. Nineteen OEMs participated in this year’s report, including Bendix/King, Garmin, Rockwell Collins and Honeywell Business & General Aviation. The gross sales for last year, including forward fit and retrofit units sold, totaled $6.3 billion, according to the report.
Vector Aerospace Financial Services Ireland (VFS) is offering the medium- to heavy-lift market a fleet of customized Super Puma AS332Ls, including leasing and by-the-hour support. The offer is targeting the UN, NATO and EU markets. VFS was formed last year by Vector Aerospace, a provider of helicopter maintenance, repair and overhaul services, to provide combined lease and support solutions.
First Aviation Services will sell its majority interest in Aerospace Products International (API) to Cleveland-based private equity firm Resilience Capital Partners. API is a global aviation parts and equipment distributor that also provides supply chain management services to the aviation industry. Resilience, which manages funds with more than $320 million in assets, says it will inject significant capital to make API more competitive and dynamic.
StandardAero announced that its components business in Cincinnati, Ohio, has been designated a foreign trade zone. FTZs are sites approved by the Foreign Trade Zone Board where imported goods can be stored or processed with duty-free treatment on items that are re-exported or where duty payment can be deferred.
Constant Aviation of Cleveland Hopkins International Airport has named David Bowman v-p operations. Bowman joins the organization from Honeywell International, where he spent more than 28 years in various management positions, including several years in senior leadership roles. In his last role as senior business manager, site leader, he was responsible for overseeing multiple locations within the company’s aviation electronics aftermarket repair and overhaul business. Bowman will oversee the MRO’s four locations and more than 200 employees in Cleveland.
The number of pre-owned business jets for sale has hovered around the 2,500 level over the past several years since climbing from about 1,600 before 2008, according to business aviation market information firm JetNet. While pre-owned business jet inventory is now receding as a percent of the in-service fleet, it is doing so only because of new aircraft entering service, the company said.
Some business aviation and smaller airline operators are facing the prospect of fines for failing to meet the European Union’s April 30 deadline for submitting carbon credits under the emissions trading scheme (ETS), according to carbon trading specialist CF Partners.
The third Embraer Legacy 500 joined the flight-test fleet on Friday, after making its initial flight from the company’s São José dos Campos, Brazil facility. “With the first two prototypes already well into the flight-test program, the first flight of the third Legacy 500 is a major milestone for the program,” said Embraer Executive Jets president Ernest Edwards. “The four-aircraft test program is designed to ensure all systems and features on the Legacy 500 reach maturity before entering service.
Cessna Aircraft rolled out the 400th production Citation CJ3 from its production facility in Wichita yesterday. The light business jet is in its ninth year of service, Cessna noted. “This milestone is testimony to the CJ line,” said Don Beverlin, business leader for the CJ line, which currently includes the CJ2+, CJ3 and CJ4. “The Cessna operators who build and the technicians who service the CJ products take great pride in providing the customer with a safe, reliable product that meets all their transportation needs.