By William Garvey, Jessica A. Salerno, Molly McMillin
CIT Group marked the end of an era April 4 as the financial holding company exited the aircraft leasing market and closed the sale of its commercial aircraft leasing business to Avolon Holdings for a final purchase price of $10.4 billion.
In the rapidly receding world of incandescent light bulbs, light produced is simply measured in watts. Today, LEDs are becoming the standard, but a number of other bulbs have appeared, with advantages and disadvantages. This expansion required a new means of measuring light, with the lumen (from Latin, meaning light) emerging from a coalition of more than 40 organizations.
In a sense, aerospace provided a platform for worldwide recognition of LEDs when film director Stanley Kubrick teamed with watchmaker Hamilton to create a clock with glowing red digital numerals for his 1968 film, "2001: A Space Odyssey."
With a vote on March 9 by their respective stockholders regarding the proposed acquisition of B/E Aerospace, Rockwell Collins moved a step closer to establishing a major presence in aircraft lighting.
For an aircraft to be listed in the Purchase Planning Handbook, a production conforming article must have flown by May 1 of this year. The dimensions, weights and performance characteristics of each model listed are representative of the current production aircraft being built or for which a type certificate application has been filed. The basic operating weights we publish should be representative of actual production turboprop and turbofan aircraft because we ask manufacturers to supply us with the average weights of the last 10 commercial aircraft that have been delivered.
According to the Aircraft Electronics Association's year-end market report, total worldwide business and general aviation electronics sales for 2016 amounted to some $2.2 billion, which was down 6.4% from 2015 figures.
For as little as $14 million, you can buy an early serial number 2003 Gulfstream G550, a large-cabin business aircraft that is capable of flying eight passengers more than 6,700 nm. These jets sold new for more than $45 million.
BCA subscribers, log in to download the entire 2017 Purchase Planning Handbook, including airplane comparison tables as well as Avionics Marketplace charts, which are available only in digital format.
Heritage Aviation announced the development of Heritage Aware, a remote aircraft maintenance-monitoring portal that allows customers real-time access to updates and work-in-progress reporting.
Ross Aviation (KLGB) in Long Beach, California, was named as a gateway FBO through the DCA Access Standard Security Program, granting flights leaving the operator the ability to fly directly to Ronald Reagan Washington National Airport (DCA).
Amir Etezazi and his father, Masoud Etezazi, founded Etezazi Industries in December 2008 in Wichita, when the aerospace and business aircraft industries were booming.
Gulfstream Aerospace delivered 23 large cabin and seven midsize cabin business jets during the first quarter of 2017, up from 28 deliveries a year ago.
Tacoma Narrows Aviation has completed renovation of its 13,000 sq. ft. hangar at Tacoma Narrows Airport in Washington state, and will open its new executive terminal this fall.
After 38 years of flying, Doreen Welsh, a flight attendant on board US Airways Flight 1549, heard the three words she had trained for all of her career: “Brace for impact.”
Ride-hailing giant Uber planes to launch in-demand electric vertical-takeoff-and-landing air-taxi service in Dallas and Dubai in 2020, and has selected partners for development of the technology and infrastructure.
The airport reported that, so far in 2017, its fixed base operation has seen a 37% increase in the large jets; there has been a 46% increase over the past two years.
Slovakian startup AeroMobil has unveiled its production flying car, which it plans to certify under Europe’s newly revamped CS-23 regulations for first deliveries in 2020.
