Business

February 8, 2013 - 11:00am

Defense contractors flocked to Bangalore for the Aero India show this week, even as the Indian government confirmed that the years of plenty might be over. Defense minister A.K. Anthony confirmed that his spending would be cut in the fiscal year that starts in April, although not on “operational preparedness.”

February 8, 2013 - 5:26am

India’s Ghodawat Industries placed an order for a Eurocopter EC135 helicopter at the Aero India show in Bangalore this week. The aircraft will be configured for four passengers and is due for delivery in May, when it will replace the customer’s existing EC120 model.

February 7, 2013 - 3:50pm

Comments by President Obama’s press secretary that tax depreciation schedules constitute “loopholes” for corporate jets ignited a blitzkrieg of return fire from general aviation on Tuesday. Pete Bunce, chairman and CEO of the General Aviation Manufacturers Association, declared that politics in Washington continues to demonstrate that facts can be conveniently overlooked when one is trying to point fingers and score sound bites.

February 7, 2013 - 3:45pm

The pre-owned business aircraft market, in the fourth quarter, was mostly on par with the 20-year average in terms of sales transactions and inventories, according to recent data from business aircraft market research and services firm Amstat.

February 7, 2013 - 3:40pm

Cessna Aircraft sees growing demand in India for both the Caravan and Citation lines, the Wichita-based aircraft manufacturer said this week at Aero India, where it is displaying a Caravan and Citation Mustang. The company believes that applications for business aircraft there will increase in response to anticipated government reforms intended to improve infrastructure and free up market access.

February 7, 2013 - 3:35pm

Maintenance provider Air Works India Engineering soft-launched its new aircraft appearance division in Mumbai late last week. The completions facility has already been approved by India’s civil aviation authority and is expected to gain EASA certification next year, according to Air Works.

February 7, 2013 - 3:30pm

Pre-owned Hawker 700/800/900s are currently “significantly undervalued,” Brian Proctor of business jet broker and consultancy Mente Group said today at the NBAA Aircraft Finance, Registration and Legal conference in Bonita Springs, Fla. He contends that prices of these aircraft could potentially double (from current values, depending on the specific model) soon after Hawker Beechcraft exits bankruptcy later this month.

February 7, 2013 - 3:25pm

Comlux Aviation Group had an “excellent” year in 2012 and is expecting even better in 2013, according to chairman and president Richard Gaona. While the company’s Zurich, Switzerland-based charter and aircraft management operation contributes the greater percentage of annual revenue, Gaona is especially encouraged by the growth at Comlux America, the group’s Indianapolis, Ind.-based bizliner completion and refurbishment center.

February 7, 2013 - 3:15pm

Hawker Beechcraft appointed Ted Farid as sales vice president for the Asia-Pacific region, which spans all of North and South Asia, including India. He joined HBC in 1996 and has most recently served as senior vice president for international sales and new business development. For now, Farid will continue to be based at Beechcraft’s headquarters in Wichita, but he plans to relocate to the Asia-Pacific region, mostly likely either Singapore or Hong Kong.

February 7, 2013 - 3:10pm

Clearwater, Fla.-based Piaggio Avanti fractional provider Avantair recalled all of its remaining 15 furloughed pilots yesterday, company CEO Steve Santo told AIN. This brings Avantair’s pilot ranks to 194 people, not including 10 pilots who opted to bypass during the recalls following a voluntary fleet grounding and subsequent pilot furlough late last year.

 
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