EADS has taken another step toward divesting itself of subsidiary Socata, the manufacturer of the TBM 850 turboprop single. France-based aerostructure specialist Daher has presented to Socata’s joint production committee plans to take over 70 percent of Socata and possibly 100 percent after three years.
EADS Socata has appointed Infinity Aviation its aircraft sales representative for Russia, Ukraine and Kazakhstan. The Moscow-based company will largely be marketing Socata’s TBM 850 turboprop single.
The Cutter Aviation FBO chain will be integrating its maintenance, avionics, warranty service and support into a single business unit. The company’s goal is to “create an enhanced and more consistent customer experience at all Cutter service facilities, including its Hawker Beechcraft, Piper and Socata authorized service centers,” said Cutter president Will Cutter.
Bend, Ore.-based Epic Aircraft continues to pursue certification of its $1.2 million single-engine, owner-built kitplane, the Epic LT, re-badged in certified form as the $1.95 million Dynasty.
EADS has taken another step toward divesting subsidiary Socata, the manufacturer of the TBM 850. France-based aerostructure specialist Daher has presented to Socata’s joint production committee plans to take over 70 percent of Socata and possibly 100 percent after three years. The would-be majority shareholder is committing to keep all employees at Socata’s Tarbes headquarters and main factory.
Historically the individual properties of the 80-year-old Cutter Aviation FBO chain have operated semi-autonomously under the guidance of local general managers, but with an increasing demand for maintenance the company is changing the way it does business.
European Aerospace and Defense Systems (EADS) is the world’s second-largest aerospace and defense company (after Boeing).
Socata TBM 700B, Mobile, Ala., April 24, 2003–At 8:12 p.m. CDT a Socata N705QD, registered to Fleet National Bank and operated by Quest Diagnostics, collided with a telephone pole, crashed and burned half a mile short of Runway 18 at the Mobile
Downtown Airport, Ala. The sole-occupant pilot was killed. N705QD was being operated under Part 91 on an IFR flight plan in VMC.
Recent industry scuttlebutt that Daher Aerospace will take a majority stake in EADS Socata is likely to be confirmed next month following “exclusive negotiations” between the two companies announced last month.
EADS Socata celebrated the 20th anniversary of the first flight of its TBM 700 with a new and larger display at the 56th EAA AirVenture in Oshkosh, Wis., held July 28 to August 3. Two 2008 TBM 850s, equipped with Garmin G1000 integrated avionics and outfitted with a new-style cabin interior, are the centerpiece of Socata’s 10,000-sq-ft display. These aircraft will also carry the TBM 850’s new paint scheme.