Business

April 30, 2013 - 4:06pm

AgustaWestland will open a second production line for the new AW169 medium-twin helicopter at its manufacturing facility in Philadelphia, the company announced today. The primary production line for the AW169 will remain at the company’s plant in Vergiate, Italy. Four examples of the 9,000-pound class helicopter are currently in flight-test, with certification expected next year.

April 30, 2013 - 4:03pm

In a last-ditch effort to stop the FAA’s furloughing of air traffic controllers to meet government-wide budget reductions, the House and Senate passed legislation late last week to transfer money from the Airport and Airway Trust Fund to pay controllers’ salaries and prevent the closure of some privately operated control towers. Congress quickly moved to relieve the FAA of its need to furlough controllers after just five days of prolonged flight delays at major airports last week.

April 30, 2013 - 4:00pm

Embraer delivered 12 business jets in the first quarter, one fewer than it did in the same period a year ago. While the number represented a slight dip, the firm order backlog increased to $13.3 billion by the end of the quarter, up from $12.5 billion in the previous quarter. The Brazilian OEM also noted that for the first quarter, revenues from its Embraer Executive Jets division jumped to $175.3 million this year from $151.7 million last year.

April 30, 2013 - 3:35pm

Embraer Executive Jets’ Legacy 650 recently received type certification from Indonesia’s Directorate General of Civil Aviation, paving the way for customer Premiair to put the aircraft into service. With the approval, all in-production Embraer Executive Jets are now certified in this country. When Premiair takes delivery of two Legacy 650s it has on order, the Indonesian charter operator will have eight Embraer jets in its fleet.

April 29, 2013 - 3:55pm

Bad weather, fewer patient transports and a higher percentage of uninsured patients combined to create a surprise loss during the first quarter at Air Methods, the largest air ambulance provider in the U.S. CEO Aaron Todd hinted that the downturn was just temporary.

April 29, 2013 - 2:30pm

The Port Authority of New York and New Jersey has agreed to pay the FAA $3.5 million in fines for numerous violations of airport rescue and fire fighting (ARFF) standards that occurred between December 2010 and June 2012 at John F. Kennedy (JFK), Teterboro (TEB), La Guardia (LGA) and Newark (EWR) airports.

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.”

 
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