Latest News

July 8, 2014, 2:05 PM

Aircraft financing company AirFleet Capital, which is marking its 20th year in business, closed its 5,000th aircraft loan last month. AirFleet Capital has focused solely on the general aviation marketplace, transacting an average of 250 loans per year for customers purchasing aircraft, from warbirds to turbine business aircraft. The company also noted “that an increase in retail demand is well matched with bank appetites that continue to rebound.”

July 8, 2014, 2:00 PM

Canada’s Transportation Safety Board (TSB) has found that the fatally injured pilot and sole occupant of a Gemini Helicopters Robinson R44 that crashed on Jan. 27, 2013, near Fox Creek, Alberta, after an in-flight break-up “was under the influence of alcohol” and made “inappropriate control inputs that caused the main rotor blade to make contact with the fuselage.” The TSB also noted the failure of the R44’s emergency locator transmitter in the final report.

July 8, 2014, 10:10 AM

The mergers and acquisitions (M&A) tide is still rising in the commercial aerospace sector, according to Michael Richter, managing director and head of aerospace and defense with investment bank Lazard.

July 8, 2014, 10:06 AM
MBDA Meteor BVRAAM fired from Saab Gripen

Saab has completed integration of the MBDA Meteor BVRAAM on the Gripen. Next year the Swedish air force fighter will be the first to go operational with the new missile, according to Saab. The Dassault Rafale and Eurofighter Typhoon will also carry the Meteor. The Gripen previously conducted the first eight developmental test firings of the ramjet-boosted missile.

July 7, 2014, 1:45 PM

The NTSB’s preliminary report, issued last week, on the June 18 crash of an Israel Aerospace Industries Westwind II at Huntsville International Airport in Alabama revealed few clues about what caused the aircraft to bank steeply to the right just after takeoff and crash into an open field near the airport.

July 7, 2014, 1:40 PM

The helicopter industry in Asia has taken a first step toward tackling unfavorable safety statistics in the region with the creation of the Asean helicopter safety team (AHEST). The new group, representing the 10 countries of the Association of Southeast Asian Nations (Asean) and China, held its inaugural steering committee meeting last month. Airbus Helicopters Southeast Asia hosted the gathering in Singapore, attended by 15 participants representing manufacturers, operators, regulators and customers.

July 7, 2014, 1:35 PM

The National Transportation Safety Board (NTSB) last week denied a 2013 petition to re-examine the causes of the July 1996 accident in which TWA Flight 800 exploded and crashed into the Atlantic Ocean soon after takeoff from New York John F. Kennedy International Airport. A group called The TWA 800 Project filed the petition, claiming that a “detonation or high-velocity explosion” (possibly a missile) brought down the Boeing 747.

July 7, 2014, 1:30 PM

The first satellite-based precision approach system in the southern hemisphere enabled by Honeywell’s SmartPath entered service last week at Australia’s Sydney Airport. The technology, which is also known as a ground-based augmentation system (GBAS) in the U.S., offers precision guidance to within three feet of the runway centerline.

July 7, 2014, 1:25 PM

The FAA last month released Safety Info for Operators document 14009 to explain a new data-gathering system on implementation of safety enhancements to Part 121 air carriers. The informational notice says all data gathered is only for the evaluation of industry-wide safety-related issues and is not intended to reflect regulatory compliance.

The FAA published the document as part of its support for the Commercial Aviation Safety Team (Cast), of which the agency is a participant along with air carriers, manufacturers and aviation labor organizations.

July 7, 2014, 1:20 PM

A Fokker 50 freighter bound for Mogadishu, Somalia, crashed July 2 shortly after takeoff from Runway 6 at Nairobi-Jomo Kenyatta Airport in Kenya. The twin turboprop came down in a residential area just over a mile northeast of the airport at approximately 4:15 a.m. All four crewmembers on board were killed in the accident. No casualties were reported on the ground. The aircraft was believed to have been carrying a narcotic plant called Khat.

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