Business

January 25, 2013 - 2:16pm

Hawker Beechcraft key creditors voted “overwhelmingly” today to approve the Wichita-based OEM’s proposed Joint Plan of Reorganization as part of its efforts to emerge from bankruptcy.

January 25, 2013 - 7:04am
Signature president and COO Maria Sastre

At NBAA’s Schedulers & Dispatchers annual conference this week in San Antonio, AIN caught up with Maria Sastre, the recently promoted president of Signature Flight Support.

January 24, 2013 - 3:50pm
Gulfstream G650

Revenues at General Dynamics’ aerospace division, which includes Gulfstream Aerospace and Jet Aviation, soared to $6.91 billion last year, up more than $900 million from 2011, thanks in large part to Gulfstream. Profits at the division climbed by $129 million to $858 million. During an investor conference call yesterday, General Dynamics chairman and CEO Phebe Novakovic forecast that the division will see 16-percent sales growth this year.

January 24, 2013 - 3:43pm

Cessna Aircraft and Bell Helicopter parent company Textron yesterday reported a $1 billion increase in revenues, to $12.237 billion, last year, but it was the performance at Bell that contributed most to this gain. Manufacturing profits also rose by more than $140 million, to $1.07 billion, again mostly due to the helicopter manufacturer.

January 24, 2013 - 3:42pm

Online information provider Weather Services International (WSI) has enhanced the functionality of its popular Pilotbrief Optima platform with the addition of global optimized flight planning. At NBAA’s Schedulers & Dispatchers annual conference in San Antonio this week, the Massachusetts-based company demonstrated the system’s new capabilities.

January 24, 2013 - 3:38pm

Qatar-based Rizon Jet says the country’s Civil Aviation Authority (CAA) is unfairly blocking the company’s plans to expand its business aviation services. The privately owned group charged on Tuesday that it is “facing hindrances that make it impossible to sustain a viable business in Qatar.”

January 24, 2013 - 3:30pm

Former Cessna chairman and CEO Jack Pelton is among a half-dozen veteran business and military aviation executives who have joined forces to offer remanufactured turbine-powered aircraft to the aviation and defense industries. The newly formed company, The Aviation Alliance, also announced its first business aviation offering yesterday: the Excalibur 421.

January 24, 2013 - 3:20pm

Last year proved another year of growth for Eurocopter, despite continued erosion of deliveries. Revenues were up by 15 percent, at €6.3 billion ($8.4 billion), but deliveries dropped to 475 aircraft, the lowest number since 2005 and short of the predicted “500 plus.”

January 24, 2013 - 2:55pm

Sikorsky delivered 55 S-76 and S-92 medium twin helicopters last year–a number that includes both green and completed aircraft. In December alone, the company’s Coatesville, Pa. factory delivered 14 aircraft. The FAA added the S-76D to Sikorsky’s production certificate that same month. The first customer delivery of a S-76D is now scheduled for the summer.

January 24, 2013 - 1:05pm

Denver, Colo.-based private aviation consultancy Bloom Business Jets announced at NBAA’s Schedulers & Dispatchers annual conference in San Antonio this week that it has added two new staff members.

 
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