In agreeing to pay $37.2 billion for specialty metals and parts supplier Precision Castparts, Berkshire Hathaway CEO Warren Buffett signals his confidence that demand for large commercial jets will continue to outpace global economic growth.
Fractional ownership company Flexjet is stepping up deliveries of Gulfstream G450 aircraft because of heavy market demand for international private jet travel, the company said.
Pilots have reported seeing unmanned aircraft more than 650 times so far this year, the FAA says, a dramatic increase over the 238 sightings reported in all of 2014.
Several securities law firms say they are investigating claims on behalf of investors in Precision Castparts Corp. about the company’s acquisition by Berkshire Hathaway.
Honda Aircraft said it received multiple orders for its HondaJet light jet at the Latin American Business Aviation Conference & Exhibition in Sao Paulo, Brazil.
A federal report cites a faulty carburetor that led to the loss of engine power as the probable cause of the crash of Harrison Ford’s vintage aircraft, which sent the movie actor to the hospital with serious injuries.
For the first six months of 2015, business and general aviation avionics sales totaled $1.193 billion, according to the Aircraft Electronics Association.
U.S. business aircraft flight activity in July rose 5.6%, reflecting the largest year-over-year rise since February 2012, according to a just-released ARGUS TRAQPak report. More growth is expected, it said. Flight activity grew significantly in Part 91 and Part 135 markets in July, as compared to July 2014, according to the data. Part 91 activity grew 3.8%, while Part 135 activity rose 9.6% in July. Fractional activity rose year-over-year in July for the first time since Nov. 2014, with a 2.8% increase.
Pilatus Aircraft has appointed Pilatus Centre Southern Africa as its authorized PC-6 sales and service center for sub-Saharan Africa. The distributor will be responsible for all future sales and maintenance activities of the Pilatus Porter PC-6 within the territory. Pilatus Centre Southern Africa is an independent partner of Pilatus and serves as the sales and service center for the PC-12 in the same region.
Aviation Partners, based in Seattle, has received European Aviation Safety Agency (EASA) certification for retrofitting its Split-Scimitar Winglet on BBJ aircraft, the company said. The approval was granted to Aviation Partners Boeing (APB), a joint venture between API and Boeing. The supplemental type certificate follows FAA STC approvals issued earlier this year. The Split-Scimitar Winglet is now standard equipment on new 737NG BBJ aircraft.
According to the Office of Inspector General, Jeffrey Krantz was charged and pleaded guilty in U.S. District Court, Hartford, Connecticut, to wire fraud for his role in the sale of counterfeit aircraft parts. Among other things, Krantz allegedly bought and sold obsolete electronic parts for use by commercial buyers and the U.S. military.
