Boeing has flown the Phantom Eye high-altitude long-endurance (Hale) unmanned aircraft system powered by liquid hydrogen (LH2). The 150-foot-wingspan, all-composite aircraft flew for 28 minutes from the NASA Dryden Flight Research Center at Edwards AFB in Southern California on June 1, reaching an altitude of slightly more than 4,000 feet. “This flight puts Boeing on a path to accomplish another aerospace first–four days of unrefueled, autonomous flight,” said Boeing Phantom Works president Darryl Davis.
Dow Jones Industrial Average
Aircraft Service International Group (Asig) has signed an exclusive agreement to become GE Aviation’s third-party service provider for ClearCore engine wash systems for commercial and military engines in the U.S. GE Aviation will provide its mobile ClearCore engine wash units to Asig in support of Asig’s service provider agreements with various U.S. airports. The launch of the service will focus on airports in California and Florida then expand to airports in other major U.S. cities.
Boeing launched its first iPad app, “Milestones in Innovation,” yesterday. The app brings nine decades of aviation innovation to the tablet through imagery and an interactive timeline. “This is the history of Boeing as a digital coffee-table book,” said Boeing vice president of brand and advertising Fritz Johnston.
BizJet International of Tulsa, Okla., a Lufthansa Technik subsidiary, has signed an agreement with Boeing that gives BizJet the status of an approved completion center and an official member of the Boeing Business Jet completion network.
According to BizJet president and CEO Kai Roepke, the agreement allows the center to offer refurbishment, green completion and maintenance services for Boeing aircraft.
Castle & Cooke Aviation’s FBO at Honolulu International Airport in Hawaii now has the capability to refuel larger airliners and cargo airplanes.
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.