Castle & Cooke Aviation’s FBO at Honolulu International Airport in Hawaii now has the capability to refuel larger airliners and cargo airplanes.
Dow Jones Industrial Average
Boeing has decided to move production of the 787-9 horizontal stabilizer from its development center in Seattle to Boeing Salt Lake City and Italy’s Alenia, the company announced yesterday during a stop on the 787 “Dream Tour” in Salt Lake City. Plans call for work to begin in Salt Lake City late this year and delivery of the first example during next year’s first quarter.
“We expect a bounce in 2012, though we believe the [business jet] recovery will start slowly and we forecast delivery growth of 8 percent,” JPMorgan Investment Research said in its latest monthly business jet market report, released today. However, evidence of a recovery on the low end is still “not compelling,” it noted.
In its inaugural quarterly report on aircraft financing sent to clients this week, Citi Private Bank said business aircraft financing, “like all other aspects of the business aircraft market, is experiencing ups and downs.”
President Barack Obama’s February 17 speech at the Boeing plant in Everett, Wash., resonated with those assembled for a number of reasons, but to Boeing Commercial Airplanes, the most encouraging words from the Administration came with some advance briefing material distributed before the event.
“We sense an eagerness for a pickup in the long-depressed business jet market, particularly at the lower end, but we continue to observe mixed signals,” JPMorgan Investment Research notes in its latest market report. Despite the conflicting signals, the investment research firm still predicts an 8-percent rise in business jet deliveries this year.
Boeing Commercial Aviation Services announced here at the show yesterday that it had rebranded its entire service and support offering as Boeing “Edge.” This will cover material services, fleet service, flight services and information services, said the company.
GE Aviation is to expand its manufacturing and R&D capacity in the U.S. with three new facilities to open by 2013, the company announced Tuesday. It expects its production rates to grow from 3,000 commercial and military engine deliveries in 2011 to 3,400 deliveries in 2012 and 3,800 deliveries in 2013, requiring $580 million in plant, equipment and tooling during the 2011-2012 time frame across its network of 55 U.S. operations.
The Asia Pacific market will lead strong passenger growth around the world over the next 20 years, giving Boeing and its rivals with a market for 11,450 airplanes valued at $1.5 trillion. This was the latest assessment of Boeing Commercial Airplanes vice president of marketing Randy Tinseth during a media briefing on eve of this year’s Singapore Airshow
“Asia Pacific is such a strong and dynamic market [and] in 2012 we’ll continue to see resilient passenger traffic growth levels above the forecasted world average,” he predicted.
John Garrison, CEO of Bell Helicopter (Booth No. 9846), said on Sunday he believed that 2011 was the market bottom for the civil helicopter sector and that Bell’s newly-announced 525 super-medium twin program would proceed regardless of whether the Pentagon ordered more V-22 Bell/Boeing tiltrotors after 2014.