While overall inventories of pre-owned business aircraft continue to contract, and transaction activity continues to increase year-over-year, the rate of improvement slowed in the third quarter, according to business aviation data company Amstat. The Tinton Falls, N.J.-based firm said the long-hoped-for “broad-based business aircraft resale market recovery still remains elusive.”
Airshow China last month provided yet more evidence of how eager the business aviation industry is to tap the enormous potential growth in China. Every major business aircraft maker made the trip to Zhuhai in the prosperous southern province of Guangdong, and their products formed one of the more prominent clusters among the 80 or so aircraft on display.
Five years after the collapse of the Helicopter Association of Australia (HAA), the Australian helicopter industry is working on creating a new lobbying association. The current objective is to launch the Australian Helicopter Industry Association (AHIA) at the Avalon Air Show 2013, which will open on February 26. The helicopter industry Down Under is now growing at an annual rate of 11.4 percent.
The Sikorsky S-76D medium-twin helicopter achieved FAA type certification on October 12. Deliveries are now planned to begin later this quarter, as the backlog is “approaching half a billion dollars.” The manufacturer is now working on EASA certification.
In its bid to expand MRO operations across the U.S., Constant Aviation recently opened a facility at Las Vegas McCarran International Airport.
“We are excited about our growth out west. Opening a Constant Aviation facility in Las Vegas was the next logical thing for us to do as we invest heavily in the growth and expansion of our facilities, capabilities and personnel,” Stephen Maiden, president of the Cleveland, Ohio-based MRO, told AIN.
Pending revisions to its current plan for reorganization as indicated to bankruptcy judge Stuart Bernstein November 29, Hawker Beechcraft expects to emerge from Chapter 11 in February 2013, as the Beechcraft Corporation.
Five days after a ceasefire ended the latest conflict between Israel and the Hamas regime controlling Gaza, in which the Rafael Iron Dome rocket interception system featured prominently, the Israeli Defense Forces (IDF) announced the first successful test of a new interception system. The David’s Sling system, or “Magic Wand,” that was co-developed with Raytheon and the U.S.
For the first time in more than four years, new aircraft have emerged from the former Eclipse Aviation final-assembly facility in Albuquerque, N.M. Two unfinished airframes left on the assembly line when that company declared bankruptcy in November 2008 were recently completed by the resurrected company, Eclipse Aerospace, and outfitted as factory-new Total Eclipse twinjets.
A major hurdle facing Hawker Beechcraft in its effort to restructure and emerge from Chapter 11 bankruptcy is the sale of the Wichita OEM’s inventory of Hawker 4000s. The hearing date for the company’s request for court approval of the sale is now set for December 11, following a decision last week by judge Stuart Bernstein to deny the company’s request for an expedited hearing and sale.
Bombardier Aerospace delivered NetJets’ first “signature series” Global 6000 at a special ceremony today in Montreal at Bombardier’s Global Completion Centre. “Today NetJets has unquestionably become part of the Bombardier Business Aircraft family,” said Bombardier Business Aircraft president Steve Ridolfi.