The UK Competition Commission last week confirmed that BAA, the UK airports group purchased by Spain’s Ferrovial Group in 2006, must sell London Stansted Airport and one of its Scottish airports, Edinburgh or Glasgow.
German executive charter firm Triple Alpha Luftfahrt filed for insolvency on Friday and is now under the control of a court-appointed administrator. The Düsseldorf-based operator is a subsidiary of Ocean Sky Group Holdings, but according to chief executive Steve Grimes, the UK-based business aviation services company is trading normally and is unaffected by the bankruptcy.
BAE Systems and design consultancy Design Q have unveiled their latest interior concept for the Avro Business Jet, the ABJ Elegante.
Designed with “space and grandeur,” the Elegante is the fourth of five interiors commissioned by BAE from Worcestershire-based Design Q for different executive aircraft market segments.
BAE Systems has announced a plan to implement a new “regionalized” strategy to support the Latin American market, where some 90 of its aircraft are now in service with nearly 40 operators. The company unveiled the new support strategy at its first ever Americas operators’ conference, held in Lima, Peru, May 23 and 24.
Hawker Beechcraft is displaying for the first time the latest addition to the company’s customer demonstration fleet, a King Air 350ER configured to highlight the type’s adaptability to a variety of special missions. Appropriately, the aircraft carries the registration N1459, corresponding to the number of special mission turboprops that had been sold by this spring.
Selex Galileo is the largest supplier of airborne electronic warfare (EW) equipment in Europe, and third only in the world behind BAE Systems North America and Northrop Grumman. This part of the Italian group’s business is in the hands of UK-based operation, which now boasts annual revenues of nearly £600 million ($980 million) and an order book of well over £1 billion ($1.64 billion).
In late May the final assembly line at BAE Systems’ Military Air & Information plant at Warton delivered its 100th Typhoon (BS074), becoming the first of the partner companies to achieve this milestone. Over 260 aircraft have now been delivered by the four assembly lines.
Typhoon pilots with Britain’s Royal Air Force will soon be flying with a helmet-mounted system that will significantly increase their situational awareness (SA), particularly in the air-to-air role.
BAE Systems announced today an agreement to sell its commercial aircraft lease portfolio and asset-management business to investment affiliates of New York-based Fortress Investment Group for $187 million in cash. Expected to close in the third quarter, the sale remains subject to regulatory approval and “other conditions.”
Business aircraft operators planning to fly to the UK for next summer’s Olympic Games are being encouraged to make early requests for mandatory landing and takeoff slots at airports in what will be heavily restricted airspace in southeast England.