Freedom Aero Service, a new repair station founded by former Weco Aerospace Systems employees, received FAA certification on January 29. Freedom Aero offers helicopter and business jet electrical and electronic component and instrument repair and overhaul. The company plans to move to Sacramento-McClellan Airpark, where Freedom Aero has leased a 24,000-sq-ft former military repair facility.
It seemed unlikely that tightening credit wouldn’t trigger more order cancellations or delivery deferrals among the world’s airlines, so even though the top manufacturers seem to have escaped the early stages of the crisis relatively unscathed, many predict a pronounced drop in financial support by the second half of this year.
Hawker Pacific and the Shanghai Airport Authority have broken ground on a planned business aviation facility at Shanghai’s Hongquiao Airport.
Aircraft Parts (APC) has been acquired from Unison Industries, a wholly owned subsidiary of General Electric’s GE Aviation, by TransDigm Group in a stock purchase valued at approximately $68 million.
Holtsville, N.Y.-based APC has been a supplier of proprietary, highly engineered components to the commercial aerospace industry for almost 50 years. The company has reported annual revenues of approximately $33 million.
Despite the worldwide economic maelstrom, total sales for the U.S. aerospace industry were on pace to reach $204 billion for 2008, a new record for the fifth straight year.
Aerospace Industries Association president and CEO Marion Blakey said during the annual AIA year-end review and forecast in December that while the industry has not been immune to effects of the ongoing global financial crisis, it is showing relative strength.
EADS Airbus has proposed major revisions to its contract with seven European nations for the A400M airlifter, including a delay in the first deliveries until 2012. The company still has no idea when the first flight might take place, although the C-130 testbed for the A400M’s huge TP400 turboprop engines did finally get off the ground last month.
The European Aviation Safety Agency (EASA) has granted Part 145 approval to Aerospace Welding Minneapolis, based in Eagan, Minn. The approval allows Aerospace Welding to export overhauled and repaired parts such as exhaust systems and engine mounts to customers located in any country that is a member of EASA.
San Antonio-based aerospace maintenance, repair and manufacturing company M7 Aerospace has named J.R. “Rick” Hundley to the position of president and CEO. Hundley succeeds Ron Frederick, who retired last month.
VLJ manufacturer Eclipse Aviation announced that Peg Billson has resigned as president and general manager of the company’s manufacturing division to pursue other career opportunities.
The Aerospace Industries Association (AIA) is launching an outreach campaign aimed at the incoming Obama Administration and the new 111th Congress to underscore the value of the aerospace and defense industry to the U.S.’s economic health.
European aerospace firms will have an opportunity to evaluate the potential for manufacturing investments and partnerships in Mexico at the MexicoNow conferences to be held in London and Toulouse. On January 27, the first conference will convene at the Hilton London Heathrow Airport Hotel, before the Mexican industry delegation moves on to France for a January 29 conference at the Hotel Sofitel Toulouse Centre.