Bombardier will specialize as a business aviation manufacturer after agreeing to sell its train division to Alstom of France for $4.2-4.5 billion in cash, Michael Bruno, [email protected] Bombardier will specialize as a business aviation manufacturer after agreeing to sell its train division to Alstom of France for $4.2-4.5 billion in cash.
Gulfstream’s new, longest-range and roomiest business jet, the G700, made its first flight Feb. 14, departing Savannah/Hilton Head International Airport in Georgia at 1:17 p.m. EST, according to flight tracking service FlightAware.
The number of used business jet sales transactions in 2019 declined 14.5% compared to the same time the year before, while turboprop sales fell 11.2% and piston aircraft sale transactions were down 13.8%, according to JetNet.
With the outbreak of the novel coronavirus, the charter flight industry has been responding to requests for charters related to travel disruptions brought on by the virus.
In the next 10 years, the business aircraft fleet in Asia is expected to grow 2.5% a year from 1,360 aircraft in 2020 to nearly 1,395 by 2029, according to Aviation Week Network’s 2020 Business Aviation Fleet & MRO Forecast.
Babcock CEO Archie Bethel says the company is unlikely to make any additional investments in its oil-and-gas helicopter support business and suggests it will exit the business once existing contracts have been fulfilled.
Collins Aerospace has named Stephen Timm as president in place of Kelly Ortberg, who is leaving his CEO’s role to become a special advisor to the chief executive of United Technologies Corp. as it merges with Raytheon.
The Trump administration has proposed a fiscal 2021 budget of $17.5 billion for the FAA, which includes new funding for safety oversight in response to the Boeing 737 MAX crashes, but falls below the budget enacted for the current fiscal year.
Textron has reportedly been in talks for several weeks to buy Bombardier’s business jet unit, according to the Wall Street Journal, but a deal may never come to fruition.
Spirit AeroSystems, the Wichita aerostructures giant whose fortunes are tied to the Boeing 737 MAX, has cut its April 9 quarterly dividend to a penny per share.
Impacted by trade tariffs and the dollar’s higher value, U.S. rotorcraft maker Robinson Helicopters saw deliveries drop by over a third in 2019, compared to the 316 aircraft handed over the year before.
Over the next five years, Honeywell Aerospace expects manufacturers to deliver 4,100 new civil helicopters, spurred by the entry-into-service of several new products.
In the pre-owned business jet market, 2019 moved from a seller’s market early in the year to a predominantly buyer’s market by its close, said Brian Proctor, Mente Group president and CEO.
Airbus Helicopters has launched a new customer portal and online marketplace and is growing its global support, training and connected services contracts, the company said.
Wichita-based aerostructures leader Spirit AeroSystems has fired its relatively new chief financial officer and another executive after it found a lack of accounting procedure compliance regarding recent unidentified liabilities.
Textron Aviation expects deliveries to remain flat in 2020, as the ramp-up in production of the Citation Longitude super midsize business jet is offset by a reduction in demand for legacy aircraft.
Orders for Gulfstream business jets in 2019 were the highest in more than a decade and the second highest ever, buoyed by demand for its new models, parent company General Dynamics says.
Approval of the Boeing-Embraer tie-up by staff at Brazil’s Administrative Council for Economic Defense (CADE) leaves a European Commission (EC) sign-off as the deal’s last major regulatory hurdle.
