Continental Motors Group, part of AVIC International Holding Corp., has entered an agreement to buy the assets of Danbury Aerospace’s operating divisions.
Following a strong bounce back to near-precrisis levels, the number of departures has been in a steady decline. Since 2011, top business aviation airports in Geneva, Zurich and at Paris-Le Bourget have lost 5-10% of their executive jet traffic.
Richard Weller has been named executive vice president and chief financial officer for Wesco Aircraft Holdings, succeeding Gregory Hann, who retired March 31. Weller’s appointment is effective May 4. K. Lynn Mackison, Wesco’s vice president and global controller, is serving as acting chief financial officer in the interim period. Weller was previously vice president and global controller for Ingersoll-Rand.
LMI Aerospace, based in St. Louis, posted a net loss of $1.5 million during the first three months of 2015 and sales of $92.5 million in the first quarter of 2015.
FAA says it is ahead of schedule in its massive effort to consolidate all flight standards and certification guidance into a single online master database and has tested a proof-of-concept, a top agency executive reports. “We are making progress in reviewing our existing databases to assure the information is up to date,” FAA Director of Aircraft Certification Services Dorenda Baker told lawmakers in a hearing last week. Baker told members of the Senate subcommittee on aviation operations, safety and security that she was “impressed” by
Brazil-based Embraer posted a $58.9 million loss during the first three months of 2015, largely because of a rise in income taxes and a weakened real, which depreciated 21% in the quarter, the company reported April 30.
Business jet deliveries at Gulfstream Aerospace decreased in this year’s first quarter compared to a year ago, with fewer large-cabin aircraft deliveries, although operating earnings rose.
Alto Aviation, based in Sterling, Massachusetts, has announced the launch of a new Acapella line of passenger interface keypads it describes as “elegant and flexible switches designed to provide each passenger in the cabin with the most outstanding listening experience.”