Business

October 8, 2014 - 2:11pm

The ready availability of low-interest-rate financing for new aircraft has seen the average age of airplanes retired for parts decline precipitously, keeping companies specializing in so-called teardowns busier than ever.

October 8, 2014 - 1:35pm

Air cargo traffic is set to bounce back after enduring a lean period in recent years. This was the main conclusion of Boeing’s latest biennial World Air Cargo Forecast, published at the October 7 International Air Cargo Forum and Exhibition in Seoul, South Korea. The airframer predicts that air freight traffic will increase at an annual rate of 4.7 percent over the next 20 years, and is expected to double in volume by 2033.

October 8, 2014 - 11:42am

Lufthansa Technik is set to offer maintenance, repair and overhaul (MRO) services for the new Airbus A350. The aircraft received EASA certification on September 30. The spectrum of services covers the entire life cycle of the A350 and includes production inspections, material supply, maintenance and maintenance management as well as engineering services, entry-into-service support and LRU and engine maintenance.

October 8, 2014 - 11:40am

Denmark’s Air Service Vamdrup (ASV) has become the latest member of the TBM Customer Support Network as an approved TBM Service Center. ASV is an EASA Part 145-certified operation based at Kolding Vamdrup Airport in southern Denmark, and it recently opened a second facility at Eggenmoen Airport in Norway. With these resources, ASV can serve TBM operators from northern Europe to Russia.

October 8, 2014 - 11:20am

Aircelle (Safran) has opened a new facility for its Aircelle Europe Services business at Pont-Audemer in the Normandy region of France, doubling the operation’s capacity to perform maintenance, repair and overhaul on jet engine nacelle hardware. The 48,400-sq-ft structure adjacent to Aircelle Europe Services’ existing 32,300-sq-ft facility provides additional area for the specialized jigs, tooling and other material. The MRO works on the nacelles and thrust reversers of approximately 20 different business jets and regional airliners.

October 8, 2014 - 12:40am

After a several-month delay in the issuance of its certificate of occupancy–a result of insufficient phone lines for the facility’s fire alarm–the newest heliport in the U.S. opened in the Dallas suburb of Desoto at the end of August. The $5 million, 19-acre facility is jointly owned by the Texas Department of Transportation, the city of DeSoto and the DeSoto Economic Development Corp.

October 7, 2014 - 2:51pm
Three-Dimensional Expeditionary Long-Range Radar

The U.S. Air Force awarded Raytheon a $19.5 million contract for engineering and manufacturing development (EMD) of the Three-Dimensional Expeditionary Long-Range Radar, a mobile radar the company says will detect, identify and track drones, missiles and aircraft.

October 7, 2014 - 2:34pm

Despite ambitious plans to expand its international network and notwithstanding a high-profile launch of Jakarta-London services on September 8, Garuda Indonesia has decided to take a more conservative approach this year after posting a group operating loss of $234 million in the first half of the year, compared with a $10.92 million loss in the same period in 2013.

October 7, 2014 - 2:30pm

Business aircraft flights in Europe eked out a 0.1-percent year-over-year gain last month, to 63,068 departures, according to data released yesterday by business aviation research and consulting firm WingX Advance. Year-to-date, the European market still remains about 1 percent off from last year. Last month’s results were buoyed by expansion in the region’s top six business aviation markets but dragged down by the “geopolitical crisis” in the Ukraine.

October 7, 2014 - 2:28pm

Newly released results from Aviation International News sister publication Business Jet Traveler’s 2014 Reader’s Choice Survey reconfirm that those who fly privately do so primarily for efficiency, not luxury. Among the 1,200 business jet fliers who participated in the fourth annual BJT survey, “save time” again emerged as the number-one reason for using business aviation, followed by “ability to use airports that airlines don’t serve.”

 
X