Dassault in late December downgraded its 2008 delivery planning for Falcons, citing new FAA “constraints” and stricter enforcement of regulations. As a result, some deliveries have been postponed to the first quarter of this year. Meanwhile, Dassault has reached a “definitive agreement” with Alcatel-Lucent on the latter’s shares in avionics specialist Thales. The ?1.57 billion ($2.2 billion) deal should close next spring.
Dassault on Friday downgraded its 2008 delivery planning for Falcons, citing new FAA “constraints.” The manufacturer said the delivery rate increase that was expected for the fourth quarter will not be met and some deliveries have been postponed to the first quarter of next year.
Dassault Aviation has entered “exclusive negotiations” with Alcatel-Lucent to take over its 20.8-percent stake in defense electronics specialist Thales. The buyout would boost Dassault’s stake in Thales to 26 percent and mark a strong return to defense electronics for the French airframer at a time when the economic slowdown is threatening sales of business jets.
Financially troubled Lucent Technologies, which has announced total workforce reductions of nearly 40,000 since January, is also planning a dramatic restructuring of its flight department. The changes include the sale/leaseback of the company’s Sikorsky S-76 and both of its Gulfstream IVs, and the outright sale of its third business jet, a Falcon 2000.
The FAA recently suspended the repair station certificate of Weco Aerospace Systems of Burbank, Calif. Weco, acquired by Gulfstream Aerospace a year ago, was an FAA Part 145 and EASA repair station with Class 1, 2 and 3 accessory and Class 1, 2, 3 and 4 instrument ratings, supporting the corporate, helicopter, airline and military aircraft industries.