Defense contractors gathering for this week’s Aero India show in Bangalore will be coming to terms with the realization that military procurement plans could well be diminished for next year’s fiscal budget, which begins in April 2013.
Hawaii’s Island Air announced last month that it has entered into an agreement it believes will lead to sale of the company to an undisclosed buyer.
“This is a great opportunity for the future of the company,” said Les Murashige, Island Air’s president. “The company has gone through a number of challenges recently and a new owner will bring a fresh perspective to the company.”
Those challenges include delays in pressing into service a fleet of newly acquired ATR 72-200s and direct competitive threats posed by a new rival ATR operation planned by Hawaiian Airlines.
Charter booking portal Stratajet is signing an initial group of aircraft operators for system tests that it hopes will lead to a full launch in this year’s second quarter. The company has dropped earlier plans to charge operators to list aircraft in its Stratafleet database and is guaranteeing fixed, all-inclusive charter rates to passengers.
Jet Aviation has begun construction of a new hangar in Singapore to accommodate continued growth in its maintenance and FBO activities there. The company is the latest multinational to opt for a new facility at the island state’s Seletar Airport, which has been redeveloped significantly in the past few years as an aerospace and general aviation center. Jet Aviation first landed at Seletar 1995, taking over a 29,400-sq-ft World War II-vintage hangar that it still occupies.
Online charter booking portal Victor aims to increase available capacity almost tenfold. As of the end of last year, its site showed approximately 1,300 available private jet seats at any given time and it wants to boost this number to approximately 10,000 seats by the end of this year’s first quarter.
As the migration of iPad tablet computers into cockpits has accelerated, operators have had to grapple with the logistics of deploying these devices. Companies such as Atlanta-based AirWatch have stepped in to help manage configuration, security and tracking for operators that have anywhere from a few to thousands of these mobile devices in employees’ hands. Jeppesen, which offers the Mobile FliteDeck Pro app for the iPad, has teamed with AirWatch to resell AirWatch’s services.
Eric Hinson has been named president of flight training provider SimCom. Most recently he served as executive v-p of FlightSafety International.
How well do you know the market? When the market goes up, everyone knows it and accepts it, and prices rise; when it falls, everyone recognizes the need to adjust. But if you’re a buyer or a seller, how good is your information? Right now the market is in what could be a transitional phase, making it a challenge to decipher its signals, no matter what side of the fence you’re on. We recently heard of one buyer shelling out seven figures more than he could have paid, had he known virtually anything about the market.
Sean O’Keefe, chairman and CEO of Airbus Group’s North American business unit, will resign his position effective March 1. His successor will be Allan McArtor, currently chairman of Airbus Americas, who will also join the Airbus Group Executive Committee.
White Plains, N.Y.-based Safe Flight Instrument has promoted Matthew Greene from v-p of program management to executive v-p.
While many people breathed a sigh of relief when Congress pulled the nation back from the so-called “fiscal cliff” at the beginning of the new year, most of those who were following the contretemps didn’t realize it was mainly political theater.
“While we are pleased Congress made some headway on tax elements to avert the fiscal cliff, we are concerned that they could not agree to a long-term solution to fix a problem no serious person wants: sequestration,” said Aerospace Industries Association (AIA) president and CEO Marion Blakey.