Business

September 17, 2014 - 6:00pm

The supervisory board of Lufthansa Technik has appointed Dr. Johannes Bussmann, 45, the new chairman of the executive board. He replaces August Wilhelm Henningsen, who will retire next year. Bussmann has been the member of the executive board responsible for human resources, engine and VIP Services since September 2012. In 1999 he moved from the ABB Group to Lufthansa Technik and began his career in the product development and sales division.

September 17, 2014 - 6:00pm

As part of a strategy to improve the performance of its aerospace business, Timken is eliminating its aerospace segment leadership positions and integrating aerospace activities under the direction of Chris Coughlin, executive vice president and group president.

September 16, 2014 - 3:50pm

Bombardier will be the first manufacturer to offer high-speed Ka-band in-flight Internet conductivity in a business aircraft, with Honeywell’s new JetWave satcom system to be available for delivery aboard the Canadian aircraft manufacturer’s Global series starting in 2016, the companies announced this morning.

September 16, 2014 - 3:35pm

Two sessions at next month’s NBAA Convention in Orlando, Fla., will focus on unmanned aircraft systems (UAS) to provide attendees with information about upcoming regulations governing UAS operations and their potential effects on the business aviation industry. “Unmanned aircraft are a growing part of the business aviation community,” said NBAA senior vice president of conventions and membership Chris Strong.

September 16, 2014 - 3:20pm

The Bombardier Learjet 70 and 75, updated variants of the Learjet 40 and 45 with a Garmin G5000 avionics suit, received type certification from the EASA on Friday, the Canadian aircraft manufacturer said. This clears the way for EASA-registered customers to start taking delivery of the new aircraft. “Since their entry-into-service in December, the Learjet 70 and 75 have received strong interest from our customers,” said Bombardier Business Aircraft president Eric Martel.

September 16, 2014 - 3:05pm

Epic and U.S. Bank introduced an enhanced Epic Card as the first card issued by a fuel supplier to provide global acceptance via U.S. Bank’s aviation-specific network. The Epic Card is now accepted at thousands of FBOs globally that process through the U.S. Bank Multi Service Aviation Network, the companies said. For Epic cardholders, all card transactions will appear on one statement each month for streamlined reconciliation. In addition, a mobile app and a dedicated website provide online settlement, tracking and account-specific pricing.

September 16, 2014 - 3:00pm

Embraer quietly sold a half-dozen Legacy 500s to the Brazilian Air Force (FAB) in April, newspaper Valor Econômico reported yesterday. Deliveries are expected to start in 2016. In addition, the FAB signed a technology-transfer contract with Norwegian Special Mission for the supply and integration of systems in the fly-by-wire twinjets for the in-flight inspection of Brazil’s aviation navigation aids.

September 15, 2014 - 12:32pm

Indian domestic airlines have voiced opposition to a Ministry of Civil Aviation (MOCA) draft policy on regional and remote connectivity that permits nonscheduled (charter) companies to fly regular service to remote destinations under code-share arrangements with scheduled carriers. Under India’s Route Dispersal Guidelines, domestic airlines must to fly 10 percent of their capacity to identified underserved areas.

September 11, 2014 - 3:40pm

Business aircraft flying in the U.S. rose for the ninth straight month, climbing 0.9 percent last month versus a year ago, according to data released today by aviation services company Argus. For this month, Argus estimates that flying will increase by 2.7 percent year-over-year.

For the first time this year, fractional flying led the pack, climbing 5.5 percent last month versus a year ago. Part 135 charter flight activity grew by 0.8 percent year-over-year, while Part 91 flying was nearly flat, falling 0.1 percent.

September 11, 2014 - 3:24pm
Export-Import Bank chairman Fred Hochberg

The U.S. Congress moved closer to voting on “stopgap” funding legislation that includes a controversial provision to temporarily extend the charter of the Export-Import Bank, which helps finance exports of American-made products, including airplanes and helicopters.

 
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