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Business & General Aviation

SpeedNews has been the source for easy-to-read news and information for executives in the commercial, business, and military aviation industries since 1979. Here you will find the latest industry news along with information on SpeedNews newsletters and aviation industry events.

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  • 5/9/2013 - GAMA says manufacturers delivered 458 general aviation airplanes (193 pistons/136 turboprops/129 jets) worth $4.6b in 1Q13 vs 418 (186/108/124) worth $3.5b in 1Q12.
  • 4/30/2013 - CESSNA made first flight of new Citation Sovereign production aircraft, featuring GARMIN G5000 avionics.
  • 4/11/2013 - EMBRAER delivered 29 aircraft (17 E-Jets and 12 Executive Jets) in 1Q13 vs 34 (21 E-Jets and 13 Executive Jets) in 1Q12.
  • 4/9/2013 - LAGARDERE has sold its 7.4% stake in EADS for about EUR2.3b through private placement that included repurchase of 1.61% by EADS for EUR500m.
  • 4/3/2013 - EADS appointed Denis Ranque as Chairman, reappointed Tom Enders as CEO, and received Board approval for EUR3.75b share buyback program for up to 15% of company.
  • 4/1/2013 - EMBRAER delivered its first US-built Phenom 300.
  • 3/28/2013 - ECLIPSE AEROSPACE received amended Production Certificate from FAA to assemble, test, and certify the Eclipse 550.
  • 3/13/2013 - EMBRAER had US$347.8m net income on US$6.2b revenues in 2012 vs $111.6m on $5.8b in 2011.
  • 3/4/2013 - GE AVIATION began assembly of first Passport development engine for Bombardier Global 7000 and Global 8000; testing is slated to start in 2Q13.
  • 2/21/2013 - BOMBARDIER AEROSPACE earned $382m on $8.6b revenues in 2012 vs $502m on $8.6b in FY11 (Feb-Dec). It delivered 233 aircraft vs 245 a year ago, but saw its backlog grow from $23.9b to $32.9b.
  • 2/19/2013 - BEECHCRAFT (formerly Hawker Beechcraft) has emerged from Chapter 11 to compete in business aviation, special mission, trainer and light attack markets.
  • 2/12/2013 - GAMA reports manufacturers delivered 2,133 general aviation aircraft, including 672 jets, worth $18.9b in 2012 vs 2,120, including 696 jets, worth $19b in 2011.
  • 2/5/2013 - EMBRAER plans to deliver 90-95 commercial jets, 80-90 light executive jets and 25-30 large executive jets in 2013 vs 106, 77 and 22 respectively in 2012.
  • 1/30/2013 - THE BOEING COMPANY had $3.9b net profit on $81.7b revenues for 2012 vs $4.02b on $68.7b in 2011; backlog increased 9.8% during year to $390.3b. It is assuming no significant financial impact in 2013 from 787 battery issue.
  • 1/25/2013 - HAWKER BEECHCRAFT received overwhelming approval from its key creditors for proposed Joint Plan of Reorganization, paving way for emergence from bankruptcy in second half of February.
  • 1/23/2013 - GULFSTREAM AEROSPACE delivered 121 green business jets (104 large) in 2012 vs 107 (90) in 2011.
  • 1/18/2013 - TRIUMPH GROUP agreed to acquire GOODRICH PUMP & ENGINE CONTROL SYSTEMS from UTC.
  • 1/14/2013 - EMBRAER delivered 205 (106 E-Jets/99 executive jets) in 2012 vs 204 (two ERJs/103 E-Jets/99 executive jets) in 2011. It has $12.5b backlog, including 185 E-Jets.
  • 1/9/2013 - PRATT & WHITNEY named Paul Adams as Chief Operating Officer.
  • 1/8/2013 - BOMBARDIER AEROSPACE delivered 233 aircraft (179 business jets) in 2012 vs 245 (163) in Feb-Dec 2011, and booked net orders for 481 (343) vs 249 (191).
  • 1/7/2013 - ECLIPSE AEROSPACE responded to USAF RFI to provide its VLJ as replacement for legacy trainers under Specialized Undergraduate Pilot Training (SUPT) program.
  • 12/21/2012 - GE agreed to purchase the aviation business of Italy's AVIO (propulsion components/systems) from Cinven for $4.3b.
  • 12/18/2012 - DASSAULT AVIATION named Eric Trappier as Chairman and CEO and Loik Segalen as Chief Operating Officer, replacing retiring Charles Edelstenne, who remains a Director of the company.
  • 12/11/2012 - AGC AEROSPACE & DEFENSE acquired UK-based PAUL FABRICATIONS for design and manufacture of complex, high precision, fabricated and machined metal parts and assemblies.
  • 12/6/2012 - EADS is adopting new shareholding structure and governance that will enable DAIMLER and LAGARDERE to largely reduce their stakes, will cap government shareholding at 12% each for France and Germany and at 4% for Spain, and will increase free float of shares from 49% to >70%.
  • 12/5/2012 - HAWKER BEECHCRAFT received approval from US Bankruptcy Court for Joint Plan of Reorganization that calls for emergence from Chapter 11 in 1Q13 as BEECHCRAFT, focusing on turboprop, piston, special mission and trainer/attack aircraft products, plus parts/MRO/refurbishment businesses.
  • 12/3/2012 - EADS confirmed key shareholders are discussing potential changes in company's shareholding and corporate governance.
  • 11/27/2012 - VISTAJET ordered 25 Global 5000s, 25 Global 6000s and six Global 8000s for delivery starting in 2014, and optioned 40 5000s, 40 6000s and six 8000s, in deal valued at $7.8b.
  • 11/27/2012 - EMBRAER made first flight of the Legacy 500; first delivery is planned in 2014.
  • 11/20/2012 - LEARJET took delivery of first Learjet 85 wing from BOMBARDIER facility in Queretaro, Mexico.