Spectrum Inks Fleet Deal

Gemini Sparkle

Key Takeaways:

  • Spectrum Aerospace will supply an undisclosed number of S-40 and S-33 aircraft to Starfish Aviation in a deal valued in the "nine-figure range" (over $100 million).
  • Starfish Aviation was attracted to Spectrum's jets due to their utility and projected economy.
  • The S-40, an eight-passenger jet, will feature the 30% more efficient GE/Honda HF-120 engine and is slated for certification in late 2009.
  • The seven-passenger S-33, powered by Williams FJ33 engines, is scheduled for certification in 2010, with both models utilizing lightweight composite construction for a 40-percent weight reduction.
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Spectrum Aerospace has announced it has reached a deal to supply an undisclosed number of S-40 and S-33 aircraft to Starfish Aviation, of Northbrook, Ill., for an undisclosed amount of money. Spectrum President Austin Blue says both companies have policies against releasing financial details but he did say the order was worth in the “nine-figure range” so it must be more than $100 million. Starfish President Ken Ross said the combination of utility and the projected economy of the Spectrum jets is what attracted his company.

The eight-passenger S-40 will use the GE/Honda HF-120 engine, which the company has said will be up to 30 percent more efficient than other engines with its performance. The S-40 is slated for certification in late 2009. The seven-passenger S-33 has Williams FJ33 engines and is scheduled for certification in 2010. Spectrum says the lightweight carbon and epoxy composite used in construction will result in a 40-percent weight reduction over similar-sized aircraft.

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