A General Electric spokesman confirmed the sale of its Garrett Santa Barbara completion center to Yankee Pacific and WestCap Partners Private Equity Fund. The deal is expected to close by the end of the month. The Santa Barbara, Calif.-based facility delivered the second of two Boeing Business Jet completions this year and has a contract with Bombardier for a series of Global Express completions.
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The market for business jets–both new and used–has taken on a decidedly more global complexion in the past three years in the estimation of Jay and Josh Mesinger, CEO and vice president, respectively, of Boulder, Colorado-based J.Mesinger Corporate Jet Sales. “It used to be when the U.S. sneezed the rest of the world caught a cold,” said Jay Mesinger. “That’s not so much the case anymore, and we think that’s a good thing.”
Alliance Aerospace, the manufacturing facility in Macon, Ga., that was to continue development of the entry-level Century Jet while simultaneously performing subcontract work for Boeing and others, is bankrupt and has been shut down by Bill and Lori Northrup, principal owners of both Century Aerospace and Alliance.
When Boeing unveiled its air traffic management (ATM) plan last June, it presented a future world of advanced communication, navigation and surveillance technologies that would modernize today’s ATC system, greatly increase capacity and significantly reduce delays.
Boeing and Russia’s privately owned East Line signed an agreement to establish Russia Technique at Moscow’s Domodedovo Airport for maintenance of non-Russian-made airplanes. East Line plans to invest between $40- and $45 million in the project over the next 30 months. The facility will start work on Boeing 737s in about seven months, according to Boeing.
Glenn Hess, a longtime Boeing and McDonnell Douglas senior executive, has been named president and COO of Bell Helicopter. He fills a hole in the senior staff vacated by John Murphey when he was promoted to chairman and CEO. Key to both Hess’ and Murphey’s success will be putting Bell’s troubled civil and military tiltrotor programs back on track.
Operators of some posh FBOs sometimes complain that pilots are “looking for Wal-Mart prices.” At Beaver Lake Aviation at Rogers (Ark.) Airport (ROG), that’s exactly what they’ll find. The FBO is a division of the massive retailer and grew out of its corporate flight department. Wal-Mart has a lengthy aviation heritage, with founder (and avid pilot) Sam Walton having traveled the country by air, seeking new store locations.
Boeing’s number-crunchers published their long-awaited new commercial market outlook at the Farnborough show–the first full-blown revision of airliner demand since September 11. The new forecast anticipates 24,000 new airplane deliveries over the next 20 years, which is actually 500 units more than the U.S. airframer had envisioned in its 2001 report.
Boeing will delay first flight of the 787, this time by as much as six more months, as it continues to grapple with slower-than-expected completion of work originally meant for suppliers, the company said today. It now expects to fly the first airplane some time during this year’s fourth quarter–at least 14 months later than originally planned.
Boeing has named Ralph Boyce president of Boeing Southeast Asia. Boyce succeeds Douglas Miller, Boeing Integrated Defense Systems vice president and leader of the Boeing Singapore office, and Paul Walters, who led Boeing’s business activities in Southeast Asia. Miller and Walters are retiring. Boyce previously served as the U.S. ambassador to Thailand as a member of the U.S. Senior Foreign Service.