Reactions have been mixed in the wake of yesterday’s announcement that Superior Aviation of Beijing, China, has agreed to acquire financially troubled Hawker Beechcraft, minus Hawker Beechcraft Defense Co. (HBDC) for $1.79 billion. “I have no idea why Hawker Beechcraft would be worth $1.8 billion without its defense side,” Teal Group vice president of aerospace analysis Richard Aboulafia told AIN. “Given the money needed to reorganize, that’s a very high price.”
The Army Corps of Engineers has issued a warning to an R44 pilot for plucking party-goers from boats on Tennessee’s Dale Hollow Lake and letting them dangle from the skids before they dropped into the water. The FAA may take separate action.
Contracts with suppliers would have to be modified with untold cost consequences, if automatic U.S. government budget reductions through sequestration become a reality in January, according to Lockheed Martin chairman and CEO Bob Stevens. That could affect anywhere up to 40,000 suppliers in the case of Lockheed Martin, a $46 billion civil, government and defense contractor.
Preliminary Report: Cause of Turboprop Ditching Still Unknown
The NTSB announced the promotion of John DeLisi to director of the agency’s office of aviation safety (OAS) today. He will assume his new position on June 2, following the retirement of current director Tom Haueter. DeLisi has bees the OAS’s deputy director since 2007.
United Technologies (UTC) announced this month that Mick Maurer has been appointed president of its Sikorsky Aircraft subsidiary, effective July 1. Maurer, who will succeed Jeff Pino, joined Sikorsky in 2000 and most recently served as president of the military systems unit. Pino, who will retire effective July 1, will then serve as a consultant to Sikorsky.
When aviation people speak of Part 135 operations, many of us naturally assume a business jet or at least turboprop is involved.
A new 3,600-sq-ft customs-clearance facility has been constructed at Hector International Airport in Fargo, North Dakota, on the north general aviation ramp between two of Fargo Jet Center’s main hangars. It is equipped with the latest technology to expedite U.S. Customs clearances and improve the experience for international passengers. Fargo Jet Center is exhibiting here at EBACE (Stand 456).
In honor of two of its most famous former residents, Little Rock, Ark., has changed the name of the state’s largest airline-served airport from Little Rock National/Adams Field to Bill and Hillary Clinton National Airport, after the former President and his wife, the current Secretary of State. “We are grateful for this honor and for all that the people of Arkansas have done for us,” said Bill Clinton in a statement.
Steven Udvar-Hazy’s Air Lease Corporation (ALC) attributes a trade secrets lawsuit filed against it on April 24 by American International Group and its subsidiary, International Lease Finance Corp., to what it characterizes as ILFC’s inability to compete effectively and its perception of Air Lease as a “growing threat.”