Friday, June 22, 2007
VLJ, Biz Watch
Frederick P. Furth, attorney and a long-standing Cessna customer, set off from the Paris Air Show on a round-the-world flight in his new Citation Mustang. Cessna holds orders for more than 300 Citation Mustangs and is on target to deliver 40 this year.
Following last-minute clearance to enter Russian airspace, Furth, accompanied by his Great Dane "Brandenburg," set off at 8:00 a.m. from Paris Le Bourget Airport on a 14,000 nautical mile marathon flight that will see them cover 15 stops in eight days. After making their first stop in Warsaw, Poland, Furth will fly across the entire breadth of Russia, landing for fuel and rest in locations including Moscow, Ekateringsburg and Novosibirsk. They will then make stops in Alaska, Canada and Iceland before returning to Le Bourget.
Furth, who rose to prominence as a leading class-action lawyer and owns California's Chalk Hill Vineyards and Winery, has been an avid pilot for many years and also owns a Citation X and Cessna Caravan. He took delivery of his Mustang a month ago and has since amassed 80 hours flying time in the aircraft.
Adam Aircraft Completes Financing Round
Adam Aircraft announced that the firm recently completed a $105 million round of financing including a senior secured credit facility with Morgan Stanley Senior Funding acting as lead arranger. The company plans to use the new capital to accelerate the production rate of the FAA-certified A500 piston twin and complete the certification of the A700 VLJ and bring that aircraft to full rate production.
"This financing allows Adam Aircraft to aggressively pursue our product development and production growth plans," said Founder and CEO Rick Adam. "Our order backlog, valued at nearly $800 million, gives our investors and customers added confidence that Adam Aircraft will continue to extend its leadership in this industry."
Adam Aircraft is a designer and manufacturer of advanced carbon composite aircraft for the twin piston and very light jet (VLJ) markets. The A700 AdamJet, which is currently undergoing flight test and development, will carry seven people and feature the best people-to-price performance ratio of any VLJ, according to the company. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah.
Embraer Sells Two Phenom Jets to Arab Wings
Embraer (ERJ) and Arab Wings Ltd. of Amman, Jordan, signed a purchase agreement for one Phenom 100 and one Phenom 300. The two aircraft will be based in Amman Marka International Airport, where the headquarters of Arab Wings are located. This order was already included in Embraer's backlog.
Both the Phenom 100 and Phenom 300 will be used for on-demand charter in the Middle East. Arab Wings will also offer the Phenom 100 for twin-engine jet training. The aircraft will then be subcontracted by the Royal Jordanian Air Academy for its professional pilot training course.
"The Phenom 100 and the Phenom 300 have been very successful in the Middle East region," said Colin Steven, vice president, Marketing and Sales - Europe, Africa and the Middle East, Executive Jets. Arab Wings is the oldest business jet operator in the Middle East.
New Revision of Legacy MX Guide Saves 18 Percent in Labor
Embraer completed a new revision of the Legacy 600 executive jet maintenance planning guide, which is saving operators labor cost reductions of up to 18 percent. Since the guide was published, in 2001, the man-hour to flight-hour ratio has dropped by 50 percent to the current rate of 0.65, one of the best in the super-mid-size category, said the company.
The new guide was developed with seven workshops and an advisory board on customer support on new ways to further improve the Legacy 600 guide, including extending the interval between certain maintenance tasks. This revision also gives customers greater flexibility in the aircraft's maintenance. Furthermore, through the structured maintenance program, customized plans for specific operational profiles are possible, facilitating and simplifying maintenance planning.
The Legacy 600 maintenance planning guide was developed to meet specific business aviation needs and is based upon the Maintenance Steering Group (MSG-3) methodology which promotes the building of a knowledge base for design and maintenance improvements. The Legacy 600 maintenance planning guide revision benefited from the experience accrued by the ERJ 145 family platform with over 11 million flight hours to date. The guides for the Phenom 100, Phenom 300, and Lineage 1000 executive jets, are being developed based on the same methodology.
CAE Becomes Bombardier's Authorized Training Provider Biz Aircraft
CAE and Bombardier (BBD) signed a 20-year agreement under which CAE will become Bombardier's Authorized Training Provider for the Bombardier Global Express aircraft, Global 5000 aircraft, Global Express XRS aircraft and for the Bombardier Challenger 300 aircraft. Under this agreement, CAE will deliver full training for both pilots and maintenance crew - a key move for CAE in growing the maintenance business.
The two aerospace leaders will collaborate to provide state-of-the-art training programs for pilots and maintenance crews that will include Bombardier's Original Equipment Manufacturer (OEM) courseware and will incorporate the latest simulation-based training methodologies, such as CAE Simfinity(R) tools. These programs will be delivered by both CAE and Bombardier to customers worldwide.
CAE will purchase a Bombardier-owned Global Express aircraft full-flight simulator (FFS) currently in Montreal, deploying it to and delivering the training program for the aircraft in its United Kingdom training center at Burgess Hill. CAE will also build a new Challenger 300 aircraft FFS and deploy it to a location to be confirmed at a later date.
Bombardier will continue to operate one Challenger 300 aircraft FFS in Dallas, Tex. and a Global Express aircraft FFS in Montreal. The two companies will work together to provide standardized training for aircraft operators worldwide.