The divided U.S. government edged closer to the so-called the “fiscal cliff,” a combination of tax increases and automatic spending cuts that will be imposed on January 2 unless political parties reach agreement on a package to reduce the country’s $16 trillion national debt. With 25 days remaining before the measures take effect, the parties were at a stalemate.
Economy of the United States
L-3 Integrated Systems has welcomed the first of two Boeing 747-8s to its Waco, Texas facilities for installation of an executive interior for an unidentified head of state.
The work will include detailed exterior paint in the customer’s livery as well as interior modifications to accommodate the interior plan. According to executive v-p Nick Farah, the L-3 design and engineering team began work on the initial 747-8 program in 2011 and delivery is expected in the summer of 2014.
Associated Air Center (AAC), a specialist in bizliner maintenance and overhaul and cabin completion and overhaul, is partnering with Boeing to validate a cockpit noise suppression service bulletin for Boeing Business Jet operators.
AAC has installed the first such system in a BBJ and the supplemental type certificate approval makes it available to other BBJ operators.
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.
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.