Nextant Aerospace brushed off a communiqué sent by Hawker Beechcraft (HBC) warning it will not provide any support for aircraft modified without the Wichita manufacturer’s “involvement or approval.” The memo specifically mentions the Nextant 400XT, a remanufactured “zero time” Beechjet with new Williams FJ44-3AP engines and Rockwell Collins Pro Line 21 avionics.
Nextant Aerospace brushed off a communiqué sent by Hawker Beechcraft (HBC) on Friday warning it will not provide any support for aircraft modified without the Wichita manufacturer’s “involvement or approval.” The memo specifically mentions the Nextant 400XT, a remanufactured “zero time” Beechjet with new Williams FJ44-3AP engines and Rockwell Collins Pro Line 21 avionic
The world’s aircraft leasing industry appears to have weathered the proverbial storm of the global recession and now looks well positioned to exploit aircraft placement opportunities in markets such as China, in particular. However, such opportunities won’t come without their challenges, according to some of the leasing company bosses who appeared at this spring’s International Society of Transport Aircraft Traders (ISTAT) conference.
Avantair now offers leasing of fractional shares of Piaggio Avanti turboprops. The new Axis lease program allows buyers to lease a share of a fractional Avanti; this is a true lease, not a block-charter program.
The market for business aircraft in India is wide open and set to grow at a rate of about 13 percent each year over the next decade, according to Alok Wadhawan, a manager with the structured finance division of South African bank Investec.
At Heli-Expo, Milestone Aviation Group, a global finance company for the helicopter and private jet markets, today announced $205 million in helicopter lease transactions since its launch in August.
Aircraft valuation specialist Ascend painted a mixed picture of prospects for airliner leasing and sales this year in its Evolution 2011 webinar on February 10.
Members of the Florida Aviation Trades Association learned recently that the Third District Court (Miami) has issued a ruling that will significantly affect the recourse available to the maintenance industry when faced with a non-paying customer.
Previously, a repair facility could put a lien on the aircraft when it perceived the customer would not pay the bill regardless of who was in possession of the aircraft.
Richard Santulli, founder of fractional-share company NetJets, is back in the aviation business with a new business jet and helicopter leasing company called Milestone Aviation Group. Santulli, 66, resigned from NetJets last August but said at the time that he would remain a consultant to the company for a year. Warren Buffett’s Berkshire Hathaway bought NetJets in 1998 for $725 million.
Spare-parts company Ship It AOG has added a 7,000-sq-ft warehouse adjacent to its existing facility in Addison, Texas, bringing the total warehouse space to 14,000 sq ft. The company opened in 2000 and “for years we doubled our growth annually.