To mark its one-year anniversary, privately owned Austin Executive Airport opened a new 26,650-sq-ft hangar, bringing its available leased shelter space to more than 63,000 sq ft. Built as part of a $33 million master plan by Houston businessman Ron Henriksen, the airport features an 18,249-sq-ft arrival canopy and a 6,025-foot runway that can handle the newest business aircraft, including the Gulfstream G650 and new Bombardier Globals.
The global business aviation industry is anticipating a modest increase in flight utilization, according to statistics released by data tracker JetNet at its second annual iQ Summit in New York City recently. The Utica, N.Y.-based company conducts quarterly surveys through its JetNet iQ product, which it uses to gather information about the current state of the business aviation market and predict future trends.
For the past two years, the business aviation industry has pondered when the oft-mentioned bottom of the trough in aircraft deliveries might actually be reached. In a recent JetNet iQ survey, half of the respondents believe deliveries have already hit bottom, while more than 25 percent see the industry as showing some upward momentum at last.
Neil Armstrong, the first man to walk on the moon, died Saturday of complications from heart surgery. Besides serving as a NASA astronaut, Armstrong was a project pilot on many pioneering high-speed aircraft, including the Mach 5 North American X-15. During his career, he piloted more than 200 different aircraft types, including jets, rockets, helicopters and gliders. Armstrong was also an aerospace engineer and university professor.
Hawker Beechcraft filed for Chapter 11 bankruptcy protection in May and is currently in exclusive negotiations with Superior Aviation Beijing, which has placed a stalking-horse bid to buy Hawker Beechcraft for $1.79 billion. However, the Wichita-based aircraft manufacturer will ultimately be sold in a public auction, meaning it is still very much up for grabs.
Executive AirShare introduced two new programs today – Launch and Launch Premium–for business jet users “seeking cost-effective alternatives to full ownership.” Both programs are based on a lease structure, according to the company.
Nextant Aerospace announced yesterday that Singapore-based air charter firm Asia Pacific Jets placed an order for 10 Nextant 400XTs, the remanufactured Beechjet 400A/400XP with new Williams FJ44-3AP engines, Rockwell Collins Pro Line 21 avionics and other upgrades. At list prices, the order is worth more than $40 million. All 10 aircraft will be delivered to Asia Pacific Jets over the next three years, with some outfitted as air ambulances and the rest as traditional business jets.
Citing its own research and that of Corporate Jet Investor in the UK, Hawker Beechcraft expects strong growth in demand for business aviation financing in Brazil over the next five years.
The Wichita-based OEM said the study reveal that, in Brazil, 46.9 percent of experts anticipate demand for business aviation financing to increase “dramatically between now and 2017,” and 40.6 percent expect only a slight increase. Only China has higher expected growth, Hawker Beechcraft noted.
GKN Aerospace won a contract from Triumph Aerostructures’ Vought Aircraft division this week to design, build and supply composite winglets and ailerons for the Bombardier Global 7000 and 8000 ultra-long-range business jets. The ailerons will be developed and manufactured at GKN’s wing structures operation in Munich, Germany, while the winglets will be fabricated at its Isle of Wight facility in the UK. The company is already contracted to provide winglets for the Bombardier CSeries and supplies winglets for several other business aircraft.
Wichita, Kan.-based aircraft manufacturer Hawker Beechcraft predicts strong growth in demand for business aviation financing in Brazil over the next five years, based on research it conducted with Corporate Jet Investor of Surrey, England.