Landmark Aviation continues to expand its managed fleet, with the addition of seven more jets to its aircraft management division. As a result of three acquisitions earlier this year, the company more than doubled the size of its fleet, making it the second largest business aircraft manager in the U.S., behind only Executive Jet Management.
The FAA is investigating an incident last week in which a chartered Learjet 60 left the runway while landing at Friedman Memorial Airport in Hailey, Idaho. After rolling for approximately 1,000 feet along the milled asphalt shoulder and packed dirt next to the 7,500-foot runway, the jet regained the runway and came to a stop, destroying two runway lights in the process. There was minor damage to the aircraft, which was able to taxi under its own power; no injuries to passengers or crew were reported.
ExecuJet Haite Aviation Services China has moved into a new maintenance facility on the west side of Tianjin Binhai International Airport, China. The facility, which was recently audited by the Civil Aviation Administration of China, offers a new 62,400-sq-ft building with 29,000 sq ft of hangar space, as well as 71,000 sq ft of dedicated apron.
Market activity in the first quarter saw inventory hold steady at multi-year lows, with an equal number of aircraft coming onto and leaving the market. Buying activity generally accelerates in the spring quarter, and this year’s set-up seems to be no exception, with brokers reporting brisk sales action. Despite the tightening there’s quite a bit of head scratching about why prices haven’t reacted more positively.
Bombardier Aerospace’s first-quarter revenues declined year-over-year by 8.6 percent, to $2.1 billion, the Canadian aircraft manufacturer reported today. Bombardier executives attributed the lower quarterly revenue in part to the sale of its Flexjet fractional ownership business last year and lower sales of pre-owned aircraft. Meanwhile, its order backlog for both commercial and business aircraft grew to a record $38.5 billion, 40 percent of which is for aircraft under development.
The Bombardier Learjet 85 prototype–designated as flight-test vehicle one (FTV1)–successfully completed its maiden flight on April 9. The all-composite twinjet lifted off from Wichita Mid Continent International Airport at 8:19 a.m. CST, marking the beginning of the all-composite midsize jet’s flight-test program.
Pete Reynolds, 69, the former Bombardier Learjet chief flight-test pilot, died on Thursday. He will be inducted into the Kansas Aviation Hall of Fame–as previously scheduled, but now posthumously–tonight at a ceremony hosted by the Kansas Aviation Museum and Wichita Aero Club. Reynolds played a major role in the development, testing and certification of virtually every Learjet model between 1973, when he joined Learjet, and 2003, when he retired. He spent the last eight years of his tenure with Bombardier as the vice president of flight test.
VistaJet expects to have its new operation in China up and running by the end of 2014 if it achieves its goal of getting its local air operators certificate approved by early in the fourth quarter of this year. Ahead of this week’s ABACE show, the Europe-based private flight provider was giving no further details of its local partnership arrangements for the China operation, but it has previously been in discussion with Beijing Airlines.
Former Bombardier Learjet chief flight-test pilot Pete Reynolds will be inducted into the Kansas Aviation Hall of Fame on April 15 at a ceremony hosted by the Kansas Aviation Museum and Wichita Aero Club. Reynolds had a major role in the development, testing and certification of virtually every Learjet model between 1973, when he joined Learjet, and 2003, when he retired.
Springfield, Ohio-based Spectra Jet has been issued new operations specifications that cover every Learjet, including the 20, 30, 40, 50, 60 and 70 series. “Our trained technicians, support equipment and facility are poised to support both new and classic aircraft,” a spokesman for the company said. Spectra Jet, which specializes in Learjet maintenance and service, was founded by former Learjet field service reps.
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