Daher-Socata announced Tuesday that it will not build the moribund Grob SPn utility jet. Socata, which manufactures the TBM850 turboprop single, had been evaluating the all-composite SPn twinjet since late 2010 as a more economical alternative to a clean-sheet new aircraft program.
The long-delayed solicitation for fixed-wing basic training aircraft to serve in the UK’s Military Flying Training System (MFTS) will be issued within 40 days.
The demands of four new jet aircraft development programs, coupled with anemic sales of its Learjet business jet brand and regional jets, fueled a cash burn pyre that persuaded analysts to issue a fresh round of stock downgrades for Bombardier in September. In the last quarter, the OEM drew down $1 billion of cash reserves against $211 of net income, double for the same period a year ago. Its market capitalization is $7 billion and the cash burn rate set off caution lights for stock analysts. The news is not cataclysmic; most now rate the company as “market perform,” but from early July through the end of September, Bombardier stock lost 43 percent of its value.
Will 2011 be the year that Daher-Socata finally launches the twin-engine eight- to 10-seat NTx? Last year’s hiring of Stéphane Mayer as CEO seemed to indicate that formal launch of the NTx would be forthcoming, but meanwhile Daher-Socata has expressed interest in reviving the moribund Grob SPn all-composite jet program.
Daher-Socata is studying plans for a new aircraft development program under an exclusive agreement with Allied Aviation Technologies, which owns the assets of the SPn light business jet program on behalf of the main creditor for the aircraft’s former developer, Grob Aerospace.
Daher-Socata is jointly studying plans for a new aircraft development under an exclusive agreement with Allied Aviation Technologies, which owns the assets of the SPn light business jet program on behalf of the main creditor for the aircraft's former developer Grob Aerospace.
Daher-Socata confirmed that it is jointly studying plans for a new aircraft development under an exclusive agreement with Allied Aviation Technologies, which owns the assets of the SPn light business jet program on behalf of the main creditor for Grob Aerospace, the aircraft’s former developer.
German aircraft manufacturer Grob Aircraft and Elbit Systems, the Israeli specialist in electronic defense, have signed several agreements to partner in the development of a new family of trainer aircraft called the G-120TP. The aircraft will be based on a modular concept, which will result in one aircraft in three different configurations: side-by-side, tandem-seat and a four-seat models.
Grob Aircraft is developing a turboprop version of its G115/G120 series of primary trainers. Elbit Systems of Israel has joined the Austrian company in a joint venture for the G120TP, which has already flown. The new version is designed to meet India's urgent requirement for 175 basic trainers.
The recession has put the spike to some major new jet development programs, delayed others and shuttered some undercapitalized aircraft companies altogether.
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