Business

February 6, 2013 - 12:43pm

India’s defense minister AK Antony has confirmed that military spending will be cut in the budget for the next fiscal year (April 2013 through March 2014). “The [Indian] government is passing through a difficult phase; the recession is affecting us,” said Antony in response to a question from AIN during a packed press conference at Aero India today.

February 6, 2013 - 6:08am

Technology issues need to be addressed collaboratively to meet challenges not only from design to deployment, but also throughout the life cycle of the products and systems, according to Anil Kumar, chairman and managing director of India’s Bharat Electronics Ltd (BEL).

February 6, 2013 - 5:16am

Hawker Beechcraft Corporation (HBC) has appointed Ted Farid as sales vice president for the Asia-Pacific region, which spans all of North and South Asia, including India.

February 6, 2013 - 4:39am

 

Cessna sees growing demand in India for both its Caravan and Citation families. The U.S. manufacturer believes that business applications for the aircraft will increase in response to anticipated government reforms intended to improve infrastructure and free up market access.

February 6, 2013 - 3:50am

Maini Global Aerospace (MGA), the Bangalore-based design and manufacturing company, is looking for opportunities provided by Indian defense offsets that will help fuel its aggressive expansion plan. It expects to boost annual revenue from approximately $60 million to about $100 million by 2015.

February 6, 2013 - 12:35am

Pentastar Aviation Implements Growth in 2013

Building on the recent FAR Part 145 approval of its new maintenance facility in Oxford, Conn. in the final days of last year, Pentastar Aviation is implementing several growth initiatives this year. The certification allows Pentastar to offer customers a range of aircraft maintenance capabilities on the East Coast.

February 5, 2013 - 3:50pm
New Orleans Lakefront Airport

While millions watched the Baltimore Ravens defeat the San Francisco 49ers in the NFL Super Bowl in New Orleans on Sunday evening, the local FBOs at the Big Easy’s airports were gearing up for their own second half as many of the more than 800 private aircraft that flocked there would seek to depart soon after the game ended.

February 5, 2013 - 3:45pm

In a decision opening the way for Hawker Beechcraft to emerge from Chapter 11 bankruptcy in the second half of this month, the U.S. Bankruptcy Court approved the Wichita OEM’s joint plan of reorganization late Friday. “[This] ruling marks the final significant step in the restructuring process,” said Hawker Beechcraft CEO Steve Miller.

February 5, 2013 - 3:40pm

EaglePicher Technologies expects to certify a lithium-ion main-ship aircraft battery by year-end, according to Ron Nowlin, vice president and general manager of EaglePicher Aerospace Systems. The battery has been selected for a jet, but Nowlin was unable to reveal the OEM and said he “cannot confirm” news reports “that we are doing any work for Cessna.”

February 5, 2013 - 3:30pm

With no clear policy framework, India’s business and general aviation community is being stifled by limited infrastructure, regulatory hurdles and high taxation, according to India’s Business Aircraft Operators Association (BAOA). These problems recently prompted the BAOA to send a 50-item legislative wish list to the country’s ministry of aviation.

 
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