The Teal Group’s 18th annual business jet overview cites high corporate profits, business globalization, high commodity prices, emerging market growth and a weak dollar for another all-time market high this year, and a sanguine forecast that projects a 10-year demand for 14,289 business jets worth $218 billion. By comparison, the last 10 years saw the production of 6,958 jets worth $124 billion.
Rockwell Collins announced that Denny Helgeson, its long-time vice president and general manager for business and regional systems, is retiring this fall. Greg Irmen, an 11-year company veteran, has been appointed as Helgeson’s successor, effective immediately.
Honeywell (Booth No. 322) is offering special promotions at EBACE for Flight Support Services.
Touted as an industry first, the U.S. Federal Aviation Administration has given Honeywell the same authority to update its synthetic-vision system (SVS) database as it allows for updates of the company’s navigation database.
In the fallout from the failed merger of General Electric and Honeywell, Honeywell’s board of directors last month huddled to contemplate whether the company has a legal case against GE for failing to use “reasonable best efforts” to win approval for the proposed deal in Europe.
Seeking to establish a firmer foothold in the avionics retrofit market, Meggitt last month introduced a new digital flight control system for older turboprops. Developed as part of a broader collaborative effort with subsidiary S-TEC in Mineral Wells, Texas, the new Magic 2100 DFCS is intended for operators of Twin Commanders, King Airs and Cessna Conquests equipped with aging autopilots no longer supported by OEMs.
Manufacturers will deliver almost 13,000 new business aircraft worth $233 billion in the 2008 to 2017 period, according to pundits at Honeywell Aerospace. The U.S. group’s 16th ten-year forecast since 1987 logged 2007 as the fourth straight year of industry expansion.
Advancements in the consumer electronics industry are making their way into cockpits of business aircraft. High resolution flat-panel displays, synthetic-vision systems, flight-management systems with integrated situation awareness capabilities, GPS receivers, high-speed computing and mass data storage are all becoming common upgrades in many corporate and general aviation aircraft.
“There are definite signs the market is improving. We’re starting to see aircraft sales pick up at the broker level and we’re holding our own in the market, at least in the first quarter of this year, and we’re hoping it will continue in the second quarter,” James Donlan told AIN.
The first fully synchronized triplex FMS for business aviation made its maiden flight on the prototype Gulfstream V-SP late last month, said Honeywell. According to the avionics maker, the triplex FMS provides increased reliability and safety and reduces pilot workload. The system is part of the GV-SP PlaneView cockpit, featuring Honeywell’s Primus Epic integrated avionics.