EADS Socata, the France-based manufacturer of the TBM 850 turboprop, last month denied the content of a June 1 story in the India Times, which reported that UB Group’s Vijay Mallya was ready to invest $200 million in the development of a jet. “We did talk to Mallya, but it was about relaunching our line of piston singles,” a spokesman said, adding that the company has made no progress recently in the search for partners in business aircraft.
EADS Socata, the France-based manufacturer of the TBM 850 turboprop single, today tried to clarify the status of its negotiations with a number of potential partners for the development of another business aircraft. Speaking to AIN, a spokesman essentially denied the content of a story published Sunday in the India Times, which reported that UB Group’s Vijay Mallya was ready to invest $200 million in the development of a Socata jet.
After AIN reported that EADS was considering selling its Socata division to French aerospace, defense, nuclear and automotive manufacturing concern Daher, EADS issued a statement asserting that “EADS Socata remains a key element of EADS, continuing the highly successful marketing of its general aviation aircraft product line, along with its production of aerostructures for business jets, regional airliners, mainline passenger
Epic Aircraft continues development of its all-composite turboprop singles and very light jets, though without the $200 million in funding pledged by Indian billionaire Dr. Vijay Mallya last September at the NBAA Con- vention. The deal with Mallya isn’t dead, Epic CEO Rick Schra-meck told AIN, but has become “more complicated due to other outside partners.”
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.
While few seemed quite sure what to expect from the postponed NBAA Convention, those who made the trip to New Orleans last month generally expressed satisfaction with the number of attendees and the atmosphere of the show overall. The rescheduled event was held December 12 to 14 inside the Ernest N. Morial Convention Center as the rest of the city was launching into its unique brand of holiday revelry.
Socata plans to equip all new TBM 700 turboprops and Trinidad piston singles with Honeywell Bendix/King flight information service (FIS) hardware, bringing real-time graphic and text weather information to the cockpits of equipped airplanes for any destination in the U.S. According to Dan Barks, director of general aviation marketing for Honeywell, FIS will be a significant factor in improving general aviation safety.
Epic Aircraft continues development of its all-composite turboprop singles and very light jets, though without the $200 million in funding Indian billionaire Dr. Vijay Mallya pledged last September at the NBAA Convention.
EADS Socata this week at EBACE outlined what its next product launch could 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.
An incident in which the elevator controls on a Socata TBM 700 literally froze up and jammed because water accumulated in the fuselage and froze led to a French AD in October last year requiring compliance with a June 2000 Socata Service Bulletin calling for a new fuselage strainer draining system on the turboprop single.