Business jet activity in Europe fell 5% in August, while business flights by turboprops and piston aircraft increased during the month, data by WINGX show.
Airbus Helicopters is planning to halt production of its AS355 Ecureuil 2 (Twin Squirrel) twin-engine light helicopter in favor of its more modern products, the company has confirmed.
In a final report released Aug. 20, the Office of Inspector General is recommending that the FAA “identify the factors contributing to greater resource use by the least efficient towers” and come up with a plan to fix the problem.
Champion Aerospace and United Technologies have finalized a life-of-program long-term supply agreement to support UTC’s forecasted aerospace production ramp-up.
Financing is widely available for most types of business aircraft, and while demand isn’t high, it isn’t low either, a business aircraft financing expert says.
The Government Accountability Office (GAO) says the FAA has a structural flaw in its efforts to ensure that the FAA’s modernized air traffic management systems and procedures, also known as NextGen, will be compatible with similar programs at least nine other countries are deploying.
Demand for large business jets seems to be slowing after years of growth, according to Brian Foley, president and market analyst with Brian Foley Associates. And analysts say the recent volatility in the stock market – if it continues – could lead to slower sales of business aircraft. Plus, hundreds of operators of business aviation and general aviation aircraft and helicopters, citizens and air traffic controllers have reported UAV sightings over the past 10 months, according to a just-released FAA report.
Declines in demand at its two largest airframe business units, Haeco Xaimen and Haeco Americas, contributed to an overall 1.8% year-over-year decline in total airframe manhour services sold through the first six months of the year, and those markets are not expected to rebound before 2016, Haeco Ltd., executives say.
