News

The Raytheon Company said Monday it has completed the sale of its wholly owned subsidiaryRaytheon Aircraft Company (RAC) to Hawker Beechcraft Inc., a new company formed by GS Capital Partners, an affiliate of Goldman Sachs, and Onex Partners. First announced on Dec. 21, 2006, the long-rumored sale of Raytheon’s civilian aircraft manufacturing business was worth […]

A letter to customers and investors sent on Monday by Eclipse Aviation President and CEO Vern Raburn says that the Eclipse 500 performance modification certification program has moved into the final stage and is “on schedule” for completion by mid-April. “In addition, the Avio NG development program is making great progress and moving toward the […]

In a ceremony last week at its headquarters in So Jos dos Campos, Brazil, Embraer celebrated delivering its 100th Legacy 600 business jet since the type first went into service in 2002. The centennial Legacy 600 was presented to ABS Jets, a charter operator and aircraft management firm based in Prague, Czech Republic, and joins […]

On Tuesday, House Transportation and Infrastructure Committee Chairman James L. Oberstar, D-Minn., on Tuesday released a committee oversight report that identifies “widespread fraud” among pilots who hide serious medical conditions from examining physicians to retain medical certification for their FAA pilot certificates. The report notes that “in July 2005, the DOT Inspector General found ‘egregious […]

A letter to customers and investors sent on Monday by Eclipse Aviation President and CEO Vern Raburn says that the Eclipse 500 performance modification certification program has moved into the final stage and is “on schedule” for completion by mid-April. “In addition, the Avio NG development program is making great progress and moving toward the […]

On Monday, Raytheon Company finalized the sale of wholly owned subsidiary Raytheon Aircraft Company to Hawker Beechcraft Inc., a new venture formed by Goldman Sachs affiliate GS Capital Partners and Onex Partners, for approximately $3.3 billion in cash. Announced on Dec. 21, the transaction includes Raytheon Aircraft facilities and other assets in Wichita and Salina, […]

The FAA must implement changes to the way it is funded before it can afford to embrace the myriad technologies that are envisioned for the Next Generation Air Transportation System, according to senior FAA staffers. Appearing before the Senate aviation subcommittee, Charles Leader, director of the Joint Planning and Development Office, told committee members that […]

DayJet, the on-demand charter operator that is Eclipses biggest customer, hopes to get its first Eclipse 500 in April and start training its pilots. According to CharterX, a charter industry trade journal, the start-up has received FAA approval for its pilot-training program and just needs airplanes to train them on. Co-founder Ed Iacobucci told CharterX […]

Chinese officials have confirmed that China wants to get into the large airliner (150-plus seats) business, undoubtedly because one of the biggest future markets for aircraft is expected to be in its own backyard. An editorial in the Peoples Daily says China expects to need about 1,600 large airliners by 2020 and would like to […]

Odelle and Stephen Trew are the first to admit they got a great deal on the house, but now theyre afraid they couldnt sell it at any price. The Trews bought their home adjacent to one of Heathrow Airports main runways 18 years ago when air traffic was comparatively light. Now, for part of each […]