Business

April 1, 2013 - 6:00pm

French aerostructure specialist Daher-Socata appears determined to reduce lead times in an effort to accommodate demand from OEMs. It predicts its ongoing production rate increases will contribute to a major jump in revenues, as outlined in Daher’s recently announced Performance 2017 strategic plan. Performance 2017 calls for a turnover increase from €925 million ($1.2 billion) in 2012 to €1.5 billion ($1.9 billion) in 2017. Aerospace and defense activities, under the Daher-Socata brand, account for 60 percent of the group revenues.

April 1, 2013 - 6:00pm

While at first glance the 2013 Paris Air Show might look much the same as previous editions, it promises new wrinkles for attendees. This time around, the biennial gathering at Le Bourget Airport will focus on attracting young people into the aerospace workforce and on business-to-business opportunities, said the show’s new chairman and CEO, Emeric d’Arcimoles. Speaking at a show organizers’ news conference last Wednesday in Washington, D.C., d’Arcimoles lamented a seeming lack of interest in aerospace by young people.

April 1, 2013 - 6:00am
Top-rated FBO JA Air Center

Bizjet operations are on the rise, FBOs are ‘cautiously’ optimistic. For the FBO industry, business last year looked a lot like it did in 2011 as hopes for a significant resurgence in business aviation were pushed back again.

April 1, 2013 - 4:05am

With the Asian Business Aviation Conference & Exhibition (ABACE) on the horizon this month, show organizers are anticipating approximately 7,000 attendees, nearly double last year’s mark, based on the success of 2012’s re-launch. According to an NBAA spokesman, 84 percent of last year’s exhibitors will be returning for a second stint at the Shanghai Hawker Pacific Business Aviation Service Centre, and the number of exhibitors overall has increased from 156 last year to more than 175 this year.

March 29, 2013 - 10:05am

Late last week Saab received a second order from FMV, the Swedish defense material administration, for the development of the Gripen E fighter that is slated to form the combat equipment of the Swedish air force from 2018.

March 29, 2013 - 10:00am

China broke into the ranks of the five largest arms exporting countries for the first time since the end of the Cold War, displacing the UK in the volume of arms deliveries, according to a report by the Stockholm International Peace Research Institute (Sipri). The UK dropped from the list for the first time since at least 1950, the Swedish institute said.

March 28, 2013 - 6:00pm

With this year’s Asian Business Association Conference & Exhibition (ABACE) now less than three weeks away, aircraft brokerage firm Asian Sky Group has released a comprehensive survey of the number and types of business jets operating in China. According to the Hong Kong-based company’s report, the fleet of private jets in the greater China area numbered 336 as of the end of last year, with 57 percent based in mainland China and 33 percent in Hong Kong (the remaining 10 percent presumably based in Macau and Taiwan).

March 28, 2013 - 4:01pm

US Airways CEO Doug Parker said he sees smooth skies for the proposed merger of his company with American Airlines following Wednesday’s clearance of the combination by a bankruptcy court judge overseeing American’s restructuring.

March 28, 2013 - 3:10pm

Universal Avionics announced a new extended warranty program for owners of Universal products this week at the Aircraft Electronics Association convention in Las Vegas. The new FlightAssure program is available after expiration of the original two-year warranty and for most older Universal avionics units.

Customers have been asking for extended warranties, according to director of product support Andy Seaton. “They want stability in operating costs. Costly repairs might not be budgeted, and this way they don’t have to worry about a surprise.”

March 28, 2013 - 3:05pm

Avionics sales totaled nearly $6.3 billion last year, according to the Aircraft Electronics Association’s first Avionics Market Report. The association released Phase 1 of the report on Tuesday during the opening of its 56th annual convention in Las Vegas. The report is an attempt “to truly and accurately reflect the value of the avionics and electronics industry,” said AEA president Paula Derks.

 
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