NBAA PLANNING AVIATION FORUM IN CHICAGO - The National Business Aviation Association, seeking ways to promote closer interaction with its members and promote the use of business aviation to companies that do not currently operate their own aircraft, is sponsoring a Chicago Area Business Aviation Forum and Static Display next month at DuPage Airport in West Chicago, Ill.
HARRY ARNOLD was named vice president and general manager commercial programs for Goodrich's aerostructures business. He will focus on sales, marketing, engineering and business management. Arnold joined Goodrich in 1999 after 25 years at Boeing.
Israel Aircraft Industries posted net profits of $15 million on revenues of $509 million in the first quarter. Profits fell 25 percent from the $20.1 million earned in the first quarter of 2001, while revenues rose about two percent.
MOONEY SIGNS ON ADVISORS TO MOVE AHEAD WITH ACQUISITIONS - Mooney Aerospace Group, formerly Advanced Aerodynamics & Structures, Inc., inked a deal with New York investment firm Balfour Advisors, LLC to advise Mooney about making good on its plans to expand.
Aviation General reported revenues dropped from $2.6 million in the first quarter of 2001 to $1.5 million in the first quarter ended March 31. The company losses, however, improved from $598,587 in first quarter of 2001 to $290,185 in the most recent quarter. Aviation General said first quarter performance was in line with company expectations and added that it expects to report a profit and "substantially higher revenues" for the second quarter. "The company is experiencing increasing business and interest for its products and services," the company said.
LMI Aerospace, based in St. Louis, boosted its component business with the acquisition of Versaform Corp. and affiliates, privately held aerospace metal forming companies based in Southern California and British Columbia, Canada. Terms of the transaction were not disclosed. Versaform makes formed metal components for business and regional jets as well as the military markets. It also produces aerospace and architectural components. Sales for the year ended April 30 were about $12 million. LMI expects the transaction to be immediately accretive to earnings per share.
Us Airways is warning that it may have to file for Chapter 11 bankruptcy protection later this year if it does not win concessions from its union groups and vendors in order to lower its high cost structure and turn a profit. In a Securities and Exchange Commission filing, the airline said it has not generated positive operating cash flows since Sept. 11 and "there can be no assurances" that it can ever "achieve or sustain positive cash flows" under its current structure.
HARRY ARNOLD was named vice president and general manager commercial programs for Goodrich's aerostructures business. He will focus on sales, marketing, engineering and business management. Arnold joined Goodrich in 1999 after 25 years at Boeing.
Docket No.: FAA-2002-11888 Section of 14 CFR Affected: 14 CFR 121.463(c) Description of Relief Sought: To permit Comair to allow the required five hours of dispatcher operating familiarization time for the Canadair Regional Jet CL-65 (CL-65) aircraft to fulfill the dispatcher operating familiarization time requirement for the CL-65 and the Embraer EMB-120 Brasilia aircraft (EMB-120), provided the dispatcher has been previously qualified on the EMB-120 and is undergoing recurrent training.
BAE Systems and Mesaba struck an agreement under which BAE will have access to Mesaba's Minneapolis-based regional aircraft facility to provide on-site overhaul and repair. BAE will operate a repair station at Mesaba's 126,000-square-foot maintenance facility, relocating the manufacturer's Regional Aircraft Service team from Herndon, Va.
Vistagy, Inc. of Waltham, Mass released a new version of FiberSIM, a software program for engineers who design products made of composite materials. Version 4.0 is redesigned to "promote complete digital product definition" which can be used to streamline product development and automate manufacturing processes. The software is available for the Microsoft Windows PC platform and the Motif UNIX system.
ANN HOLMES was named director, cabin safety and service, at TAG Aviation. She will be responsible for developing training programs, procedures and service standards. Holmes previously worked for Gulfstream and has worked as a commercial and business aviation flight attendant for 20 years.
Honeywell is bullish about the long-term prospects for the company's AS907, but does not expect to sign up another original equipment manufacturer as a customer for the engine for at least a year, and possibly longer. See article below.
Summary: Pursuant to FAA's rulemaking provisions governing the application, processing, and disposition of petitions for exemption (14 CFR Part 11), this notice contains a summary of certain petitions seeking relief from specified requirements of the Federal Aviation Regulations (14 CFR Chapter I), dispositions of certain petitions previously received, and corrections. The purpose of this notice is to improve the public's awareness of, and participation in, this aspect of FAA's regulatory activities.
Aviation General reported revenues dropped from $2.6 million in the first quarter of 2001 to $1.5 million in the first quarter ended March 31. The company losses, however, improved from $598,587 in first quarter of 2001 to $290,185 in the most recent quarter. Aviation General said first quarter performance was in line with company expectations and added that it expects to report a profit and "substantially higher revenues" for the second quarter. "The company is experiencing increasing business and interest for its products and services," the company said.
Us Airways is warning that it may have to file for Chapter 11 bankruptcy protection later this year if it does not win concessions from its union groups and vendors in order to lower its high cost structure and turn a profit. In a Securities and Exchange Commission filing, the airline said it has not generated positive operating cash flows since Sept. 11 and "there can be no assurances" that it can ever "achieve or sustain positive cash flows" under its current structure.
EUROCOPTER Model AS350B, AS350B1, AS350B2, AS350B3, AS350BA, AS350C, AS350D, AS350D1, AS355E, AS355F, AS355F1, AS355F2, and AS355N helicopters (Docket No. 2001-SW-20-AD; Amendment 39-12680; AD 2002-06-04) - corrects AD 2002-06-04 for the specified Eurocopter France helicopters that was published in the Federal Register on March 20, 2002 (67 FR 12858). The effective date as stated in paragraph (f) of the AD is incorrect; the correct date is April 24, 2002. In all other respects, the original document remains the same.
Docket No.: FAA-2001-11253 Section of 14 CFR Affected: 14 CFR 91.107(a) (3)(iii)(B) and(a)(3)(iii)(C)(3); 121.311(b)(1), (b)(2)(ii), and (c)(1); 125.211(b)(2)(ii)(B), (b)(2)(ii)(C), (b)(2)(ii)(D), (c)(1), and (c)(2)(iv); and 135.128(a) (2)(ii)(B), (a)(2)(ii)(C), (a)(2)(ii)(D), and (b) Description of Relief Sought: To permit any person who operates any aircraft, and any person on board any U.S.-registered civil aircraft to use an onboard infant restraint device (U.S. patent No.
Docket No.: FAA-2002-11552 Section of 14 CFR Affected: 14 CFR 25.795(a)(1) and (2) Description of Relief Sought: To provide Zantop with relief from the requirement to install or modify cockpit doors to withstand forcible intrusion and resist penetration of small arms and fragmentation.
The Federal Aviation Administration's decision to scrap a phased-in schedule for aircraft minimum separation standards is raising concerns from general aviation groups, who fear that the agency does not have the manpower to accommodate its own December 2004 deadline. FAA May 10 released its long-anticipated proposal to reduce vertical separation minimums (RVSM) from 2,000 feet to 1,000 feet for aircraft operating between flight levels 290 through 410 over the contiguous 48 states of the U.S., Alaska and portions of the Gulf of Mexico.
Docket No.: FAA-2002-11509 Section of 14 CFR Affected: 14 CFR 121.434(c)(1), 121.440, and 121.463(a)(2) Description of Relief Sought/Disposition: To permit Atlantic Southeast Airlines to allow observations and flight checks to be accomplished in an approved simulator or by qualified and authorized check airmen rather than an FAA inspector. Grant, March 26, 2002, Exemption No. 7135A
HONEYWELL Former Military T53 series turboshaft engines (Docket No. 2000-NE-50-AD; Amendment 39-12742; AD 2002-09-09) - requires conducting a revised operating cycle count (prorate) and initial and repetitive inspections for cracks of centrifugal compressor impellers. This amendment is prompted by a report of a military surplus helicopter that experienced low-cycle fatigue failure of the centrifugal compressor impeller, resulting in an uncontained engine failure.
Jet Aviation opened the company's new maintenance, refurbishment and fixed-base operation facility at London Biggin Hill Airport. The facility has two renovated hangars totaling 17,020 square feet and a new FBO building. The FBO features a reception area for customs and immigration services and a VIP customer lounge.
REALLY QUIET PARTNERS WITH FEDEX TO BRING HUSH KITS TO MARKET - Mojave, Calif.-based Really Quiet signed a new service agreement with FedEx Express last week to streamline the manufacture and implementation of the company's Stage 3 Hush Kit. FedEx Express, a subsidiary of FedEx Corporation, will provide Really Quiet with assistance in customer service and managing the supply chain, the vendor, the production and the warehouse inventory, Really Quiet said.
GULFSTREAM REORGANIZES MANAGEMENT TEAM - Gulfstream Aerospace appointed nine employees to senior posts, reorganizing and consolidating the company's leadership to "prepare for future growth," Gulfstream said. "Consolidation of our leadership team provides an added focus on our strategic objectives," said Gulfstream President Bill Boisture. "Gulfstream is recognizing key individuals for their past contributions and aligning the organization to permit them to continue to contribute to the company's on-going success and growth."
