Business

February 28, 2013 - 3:05pm

In presenting its annual results yesterday, European aerospace consortium EADS shed more light on Eurocopter’s performance last year. As of December 31, the French helicopter manufacturer’s backlog included 1,070 aircraft worth $16.9 billion. While this is steady in units, it reflects a 7-percent decrease in value.

February 28, 2013 - 3:00pm

ExecuJet Europe is relocating most of its accounting and information technology departments from the group’s Zurich, Switzerland headquarters to its new global operations center at Cambridge Airport in the UK. Last year, the business aviation services group transferred its aircraft operations department to Cambridge.

The latest move of ExecuJet personnel to the UK coincides with the appointment of Gerrit Basson as managing director of ExecuJet Europe. He is replacing Cedric Migeon, who is staying in Switzerland to start his own aviation consultancy business.

February 28, 2013 - 2:40pm

Medrar Financial Group never finalized the deal to acquire Diamond Aircraft, leading to the funding shortfall that resulted in layoffs and suspension of the D-Jet program on Monday, Diamond president and CEO Peter Mauer told AIN.

February 28, 2013 - 2:35pm

Effective tomorrow, Philippe Liénard will be the new chairman at the Central European Private Aviation (CEPA) association. This continues the annual rotation of the chairmanship at CEPA, with currently chairman Brendan Lodge of Jet Brokers Europe shifting to deputy chairman. Liénard is the founder and majority shareholder of Slovakian and Polish-based AELIS Group, which specializes in business aircraft trading and leasing, and has many years of experience in operating businesses in Central and Eastern Europe.

February 28, 2013 - 11:21am

It seems the news media now ranks among lawyers and terrorists as one of the groups anyone can castigate without any fear of repercussion from civil society’s language police.

February 27, 2013 - 4:08pm
Paul Rinaldi, National Air Traffic Controllers Association president

Across-the-board federal budget cuts scheduled to begin on March 1 will limit the flight-handling capability of the U.S. National Airspace System and could lead to permanent airport and ATC facility closures, warned the head of the National Air Traffic Controllers Association (Natca).

February 27, 2013 - 1:05pm

A group of U.S. investors plan to start construction of a 200,000-sq-ft business aircraft maintenance base at the Iddo-Osun International Airport in western Nigeria in April. The facility, Osun Aviation, is expected to be open for business by November 1.

The investors–NigAme Aircraft, Gate Industries and Still Waters Commodities–recently signed an MoU with the Osun state government in Nigeria and have committed the $7 million needed to complete the project, meaning the necessary approvals and funding are in place.

February 27, 2013 - 12:45pm

Billy Palmertree, formerly general manager at Tomlinson Avionics of Texas, has joined US Aviation in Denton, Texas, to run the avionics department and FAA Part 145 repair station. Palmertree brings more than 20 years of experience in general aviation and corporate business jet avionics systems. “I am pleased to join such a stable and growing company. US Aviation has a great avionics and maintenance facility with plenty of expertise, and room to accommodate customer aircraft,” Palmertree said.

February 27, 2013 - 9:01am

The task of keeping development of the new Airbus A350XWB airliner on track for service entry in the second half of 2014 “remains challenging,” the European airframer’s parent company EADS acknowledged at a press conference today.

February 26, 2013 - 3:55pm

On Friday, U.S. Transportation Secretary Ray LaHood laid out the likely consequences to his department and the FAA of possible automatic federal budget cuts, known as sequestration, that are scheduled to start March 1. In the absence of a revised budget deal between the Obama Administration and Congress, he said the FAA is planning $600 million in cuts through the remainder of the fiscal year, which ends September 30.

 
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