EADS Socata at EBACE outlined what its product launch might be next year–a twin-engine business aircraft that is bigger than its TBM 850 turboprop single. “The future product will have two more seats than the [six-seat] TBM,” said Socata CEO Jean-Michel Léonard. Socata expects to make a launch decision early next year. “Before that, four criteria have to be met,” he said.
Economy of France
Microturbo, a subsidiary of Safran Group company Turbomeca, has finalized a partnership with Triumph Gear Systems of Park City, Utah, for the development of a gearbox for its new e-APU line of auxiliary power units, which are being specifically designed for business jets requiring 15 to 90 kWe power (up to 150 shaft horsepower).
Midcoast Aviation of St. Louis has been named EADS Socata’s western hemisphere repair center. Under the terms of the agreement, Midcoast becomes the authorized repair center for the structures built by EADS Socata for the Falcon 7X.
European aerospace consortium EADS is believed to be close to selling its Tarbes, France-based Socata subsidiary–the manufacturer of the TBM 850 turboprop single–to Daher, an aerospace, defense, nuclear and automotive group headquartered in Wissous, France.
According to several newspaper reports, European aerospace consortium EADS is close to selling its Tarbes, France-based Socata division to Daher, an aerospace, defense, nuclear and automotive group headquartered in Wissous, France. An industry source close to the deal told AIN that Daher has completed the due diligence process, with the sale apparently hinging on Airbus awarding a contract for A350 work to Socata.
The Dassault family again holds the majority share of Dassault Aviation, with 50.01 percent of the French aircraft manufacturer’s stock.
Dassault Aviation CEO and Gifas chairman Charles Edelstenne, speaking at French aerospace trade group Gifas’s annual meeting last month, said the French aerospace industry wrote a record E57.5 billion in orders last year but warned, “These results hide a very worrying reality. With the euro currently valued at over $1.50, orders are less profitable” since the aerospace industry sells its products in U.S. dollars.
Dassault Aviation CEO and Gifas chairman Charles Edelstenne had a sobering message for the European community despite presenting news that the French aerospace industry wrote a record €57.5 billion in orders last year. Speaking today at French aerospace trade group Gifas’s annual meeting, Edelstenne warned, “These results hide a very worrying reality.
Serge Dassault, 79-year-old patriarch of leading business and military aircraft manufacturer Dassault Aviation, at last has realized his dream of becoming a French lawmaker following his election to the French Senate at the end of September. Meanwhile, his newly acquired daily newspaper is already causing him a headache.
The ATR Assembly of Members has named Stéphane Mayer, 44, CEO of the company effective June 1. Mayer succeeds Filippo Bagnato, whose three-year mandate expired at the end of May and who now serves as chairman of the board of directors.