Boeing projects the world’s airlines should see reasonable liquidity and pricing for new-aircraft delivery financing next year as jet builders accelerate production to meet demand, the manufacturer announced in London on Tuesday while issuing its fifth annual finance market forecast.
Economy of the United States
Republic Airways’ efforts to “restructure” its Indianapolis-based Chautauqua Airlines subsidiary appear to have yielded their intended results. During a November 1 conference call to discuss the company’s third-quarter earnings, Republic CEO Bryan Bedford reported that the regional airline holding company has found a way to mitigate future negative cash flows at Chautauqua by some $45 million over five years, largely by reaching new business agreements with several “key stakeholders ” and returning idled aircraft to revenue service.
For the first time in more than four years, new aircraft have emerged from the former Eclipse Aviation final-assembly facility in Albuquerque, N.M. Two unfinished airframes left on the assembly line when that company declared bankruptcy in November 2008 were recently completed by the resurrected company, Eclipse Aerospace, and outfitted as factory-new Total Eclipse twinjets.
Gulfstream Aerospace delivered its first super-midsize G280 yesterday, with the outfitted twinjet going to an unidentified “U.S.-based manufacturer with a worldwide presence spanning 190 countries.” The G280 received FAA and Civil Aviation Authority of Israel certification on August 30.
The Boeing 737 Max program has reached the development stage known as “firm concept,” following months of study into changes to the original design needed to effect a 13-percent operation cost improvement over the existing 737NG.
Boeing has agreed to help Aviation Industry Corporation of China (Avic) to expand the state-owned company’s ability to supply interiors commodities such as passenger seats, galleys, lavatories and in-flight entertainment systems for commercial airplanes.
Between now and 2030, Bombardier estimates that China will need 2,300 business jets, or roughly 20 percent of the current U.S. market. Boeing estimates that Chinese airlines will need an additional 5,000 aircraft during the same period.
Securaplane Technologies (Booth No. 2157) of Tucson, Ariz. is showcasing at NBAA’12 its next-generation integrated security and camera system for business jets and highlighting OEMs that have recently selected its technology for security and flight operations.
Associated Air Center, StandardAero’s large executive aircraft completions center in Dallas, has partnered with Boeing to validate a Service Bulletin for Boeing Business Jet operators on noise suppression in the cockpit. AAC is the first to install the noise-suppression system in the BBJ in accordance with the Boeing-issued Service Bulletin. AAC’s successful validation makes this upgrade available now to other BBJ operators.
Clay Lacy Aviation (Booth No. 2520) of Van Nuys, Calif. and Chicago’s Priester Aviation have announced a strategic alliance aimed at creating a nationwide service for management, charter, maintenance and all other aircraft services. Both companies will retain their independent brands while working to provide each other’s clients additional value wherever possible. Clay Lacy and Priester have a combined fleet of almost 100 managed aircraft throughout the U.S., 70 of them charter-ready.