Inventories of pre-owned business jets and turboprops continued to edge downward in March, according to the latest figures from business aviation market information firm JetNet. While turboprops are a seller’s market, for business jets “it’s still a buyer’s market, with ample inventory at near-low average asking prices,” the company said.
Sikorsky Aerospace Services (SAS), the aftermarket business of Sikorsky Aircraft, now has parts warehouse in Brazil to support commercial operators of the S-76 and S-92 in that country. Powerpack, Sikorsky’s long-standing Brazilian representative, will manage inventory operations through the country’s special customs system known as Depósito Especial.
The AgustaWestland deal in India for AW101 helicopters that is being investigated after bribery allegations has prompted the Indian government to re-examine its already delayed defense procurement procedure 2013 (DPP). This is now focusing on “indigenization,” which defense minister A.K. Antony described recently as the “ultimate solution to the scourge of corruption.”
Bombardier relies heavily on a new factory in Belfast, Northern Ireland, run by its Short Brothers subsidiary for CSeries wing production. Built with the help of £60 million ($90 million) from the UK government, the 600,000-sq-ft plant on the northwest side of Belfast City Airport’s runway specializes in new resin transfer infusion (RTI) fabrication techniques refined at other Bombardier plants in the region, in Dunmurry and Newtownabbey.
Inventories of business jets, turboprops and turbine helicopters continued to deflate in January, business aviation market information firm JetNet said today in its latest market update.
According to JetNet, pre-owned business jet inventory in January landed at 13.2 percent of the in-service fleet, down 0.5 points from a year ago. Retail business jet sales, however, fell by 1.8 percent year-over-year, “only the second time since January 2009 that it showed a decline in full retail sale transactions,” JetNet said.
Air Comm Corporation (Booth N5015) announced Monday that the thermal management and environmental systems company recently selected Component Control’s Quantum Control logistics software solution to manage its manufacturing, business systems and inventory control operations.
Canada-based Diamond Aircraft has again suspended its single-engine D-Jet program and has temporarily laid off the majority of its workforce while it restructures. “Regrettably, we need to suspend activity on the D-Jet program, pending the securing of additional funding,” said Diamond president and CEO Peter Maurer in a press release issued yesterday.
Major suppliers of indigenous Indian aerospace and defense equipment should ensure at least 50 percent of the equipment is procured from original suppliers, while the rest could be outsourced, an industry seminar in Bangalore was told on Monday. “Multiple vendors often come with allied issues, resulting in poor product support.
A record number of pre-owned business jets changed hands worldwide last year, with 2,240 retail sales transactions logged, up from the previous peak of 2,181 in 2007, according to data released yesterday by business aircraft research firm JetNet. This high point follows three years of gains from the low of 1,539 transactions in 2009, the company added.
GE announced it has agreed to purchase the aviation business of Avio, an Italy-based manufacturer of aviation propulsion components and systems for civil and military aircraft, for $4.3 billion.GE will acquire Avio’s aviation business from Cinven, the European private equity firm that has owned Avio since 2006, and Finmeccanica, the Italian aerospace group. The acquisition of Avio’s aviation business, which provides components for GE Aviation and other engine companies, would further GE’s participation in jet propulsion.