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CESSNA
TAKEOVER RUMORS DRIVE MARKET SPIKE Market analysts say
Textron, the parent company of Cessna and Bell Helicopter, is prime for
a takeover bid, and speculation grew this week that a move is imminent,
perhaps by Lockheed Martin or Raytheon. Sikorsky officials have also
expressed interest in acquiring Bell, according to Reuters. None of the companies would comment on the
rumors, but Textron's stocks rose 11 percent by Tuesday, trading at 12
times the usual level. Aviation analyst Richard Aboulafia told the Wichita Eagle that both Cessna and Bell are solid
companies that would be attractive to buyers. Other analysts, however,
noted that some of Textron's other divisions, such as a golf-cart
company, would be less appealing. Officials at Textron have said that
divisions may be sold off one by one if necessary to raise cash. Textron
share values dropped 87 percent over the last year, and last
week more layoffs at Cessna were announced. More...
Aircraft Spruce Is a Proud
Sponsor of the 35th Annual Sun 'n Fun Fly-In
Come join Aircraft Spruce in Lakeland, Florida at Sun 'n Fun
(Hangar B, Booths 4-9) April 21-26, 2009. Sun 'n Fun brings together
those from all around the world and from all segments of the aviation
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visit AircraftSpruce.com.
SCHOOL
REVIEWS SECURITY AFTER 172 THEFT The flight school whose
Cessna 172 was stolen for a cross-border flight Monday says security was
not compromised in the incident because the alleged thief was a student
who had normal access to the aircraft. Adam Leon, a 31-year-old Turkish
immigrant who became a Canadian last year, was arrested near Ellsinore,
Mo. Monday evening after landing on a highway. In a statement,
Confederation College, of Thunder Bay, Ontario, said that it was the
first incident of its kind in the flight school's 35-year history. But
in an interview with the Canadian Press, Pat Lang, the college's
president said a thorough review of security would be undertaken. Under
the existing policy, flight students have access to the ramp and hangar.
"When the planes are beside the hangar, the keys are kept in the
aircraft," she said. More...
COLORADO
AIRPORT OPERATORS FEELING TSA STRESS The mainstream media is
starting to take note of the impact of TSA rules that general aviation
pilots and operators have been unhappy about, and if a story in this
week's Denver Post is any indication, GA may get a
sympathetic hearing. The costs and logistics of TSA regulations on
Colorado's airports are significant, Rex Tippetts, director of aviation
at Grand Junction's Walker Field, told the Post. New TSA rules will
require him to provide 2,000 additional security checks and badges.
"It's out of control," he said. "We have a large maintenance operation
here with 400 people. We have a large interagency fire-fighting
operation here, with maintenance facilities. It's an unfunded mandate we
have to comply with. We had to hire people just to comply with it."
James Elwood, director of Sardy Field in Aspen, said the regulations
will be "time-consuming and difficult to accomplish." Details of the
security procedures have been released only to airport managers. The
Post reporter said the TSA refused to release a copy of the directive,
but a spokeswoman wrote that all personnel with access to secure areas,
including private pilots, must undergo a Security Threat Assessment,
which includes matching their names against a terrorist database, a
criminal background check, and a review of immigration status. Pilots
must attain a security badge from each of the 13 commercial airports in
the state, and passengers and guests who don't have badges must be
escorted. More...
Piper Meridian
Exhilarating Piper Meridian. Power. Pure and simple. Relax in business jet
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SIKORSKY
WORKING ON GEARBOX FIX Sikorsky is designing a fix for the
military version of its S-92 series to save a $5 billion contract with
the Canadian Forces. The Toronto Globe and Mail reported earlier this week
that the S-92 was certified without the normal 30-minute "run dry"
capability in case of oil loss in the transmission. An S-92 operated by
Cougar Helicopters crashed off Newfoundland two weeks ago 12 minutes
after the pilot reported a loss of oil pressure in the transmission. The
crash killed 17 of 18 people aboard. The oil pressure loss was caused by
a broken stud and an emergency AD was issued for replacement of the
studs. But the Globe and Mail obtained documents that showed the S-92
was certified by the Joint Aviation Authority in Europe with an
exemption for the 30-minute run-dry capability because Sikorsky
convinced the JAA that the chance of gearbox oil loss was "extremely
remote." The Canadian Forces has told Sikorsky it will cancel its order
for 28 of the military versions of the helicopter (MH-92) unless it
complies with the 30-minute run-dry rule. Sikorsky told the Globe a fix
is in the works for the military version of the helicopter but didn't
specify if civilian choppers would be modified. More...
HAWKER
BEECHCRAFT MAY SUPPORT ECLIPSE 500 JETS David Green, a
spokesman for the Eclipse Owners Group, said on Tuesday the group has
entered into a preliminary agreement with Hawker Beechcraft Corp. under
which Hawker would provide maintenance upgrades and other aircraft
services to Eclipse 500 owners. "The parties will now begin negotiations
for a definitive binding agreement," according to a news release from
the owners group. "This relationship is sure to create tremendous
confidence in Eclipse owners that their planes will be flying for many
years to come," said Green. The agreement depends on EOG's success in
acquiring the assets of Eclipse Aviation Corp., including the type
certificate for the jet. A bankruptcy auction is expected to occur soon,
and EOG will have to compete with several other entities for those
assets. "Hawker Beechcraft is pleased to offer Eclipse 500 owners the
highest quality service and support in general aviation," said Bill
Brown, president of global customer service and support for Hawker
Beechcraft. "We look forward to this new relationship and keeping the
Eclipse 500s in the air." More...
JA Air Center, Your Source
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JA Air Center is now open in Sugar Grove, IL (KARR) providing the
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AIRCELL
HITS THE AIR WITH HIGH-SPEED INTERNET FOR THE CABIN Business
travelers on some long-haul international flights have noticed that
wireless Internet service is becoming available for the cabin, although
it's not widely in use. But the market is getting increasingly
competitive with more companies pitching products for both airline and
business aircraft use. The latest is AirCell, which has been plying the
airborne cell phone market for more than a decade. At last week's AEA
show in Dallas, AirCell announced a new wireless internet system based
on its established ground-based cell system. More...
Rediscover Jet
City!
Make King County International Airport/Boeing Field your flight
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KBFI is positioned in the center of the growing economy of the
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LUNCH
BREAK ISSUE RESOLVED Common sense and a spirit of cooperation
have resolved a peculiar impasse in New Zealand that would have resulted
in the closure of towers at five airports for lunch, twice each day.
Government officials, the air traffic control provider and employees
have reached a deal whereby tower staff will eat lunch in a combination
of scheduled meal breaks and traffic-dependent interludes. Late last
week Air New Zealand said it would have to cancel 25 regional flights so
tower staff at five small airports can comply with new labor rules. The
rules, apparently strictly interpreted, would have required all lunch
breaks to be scheduled. On the eve of the April 1 imposition of the
rules, negotiators worked overtime to come up with schedules that
complied with the law but kept the towers open and there were no
disruptions. More...
Aircraft Financing
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AVWEB
INSIDER BLOG: STOLEN CESSNA 172 FOOT, MEET MOUTH When
you're trying to argue that it's ridiculous to think GA is a security
risk, that last thing you need is a pair of F-16s chasing a stolen
Skyhawk cross the border. In the latest installment of our AVweb
Insider blog, Paul Bertorelli explain why we've got to stop leaving
unsecured airplanes on the ramp. More...
Corporate Aviation Management
Certificate with Embry-Riddle and the NBAA Embry-Riddle Aeronautical University offers the most
comprehensive Corporate Aviation Management Certificate program
approved by the NBAA Professional Development Program (PDP) for the
Certified Aviation Manager (CAM).
For details, visit Embry-Riddle
Aeronautical University's web site at ERAU.edu/camc.
EXCLUSIVE
VIDEO: AEA PRODUCT MINUTE AIRCELL Just one more minute of your time! In
this final "Product Minute" from the AEA Convention, AirCell's Andy
Geist talks about in-flight wireless access, a hot topic in the age
of Blackberrys and smartphones. More...
Professional Pursuit
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their free time.
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Tony Medniuk is retiring as Group CEO of
Global Aerospace as of June 30. Nick Brown, currently Chief Underwriting
Officer, will become CEO, subject to the normal regulatory
approvals. More...
Rob Waterhouse is
Satcom Direct's new Director of Sales. He was formerly at ARINC, where
he sold satellite technologies and services. More...
WHO'S
WHERE? YOU TELL US Get a promotion or a new job? Your
colleagues want to know about it, and AVwebBiz can get the word
out. Drop us a line about the
staff appointment, with a nice recent photo, and we'll do our best to
include it in our new section, "Who's Where." The items will be
permanently archived on AVweb for future reference, too.More...
Are Your Company's Sales
Stalling? Advertise Here to Reach Over 255,000 Aviators
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Click for details on AVweb's
cost-effective programs.
AVWEB'S
NEWSTIPS ADDRESS ... Our best stories start with you.
If you've heard something 200,000 pilots might want to know about, tell
us. Submit news tips via email to newstips@avweb.com. What have you
heard? More...
No Cute Cartoons, No Fancy
Covers, IFR Magazine Brings You the Facts IFR magazine has insightful facts to polish your
proficiency, updates on changing regs, and articles that help keep your
decision-making skills sharp in the demanding IFR environment.
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AVwebBiz is a weekly
summary of the latest business aviation news, articles, products,
features, and events featured on AVweb, the
internet's aviation magazine and news service.
The AVwebBiz
team is:
Publisher Timothy Cole
Editorial Director,
Aviation Publications Paul
Bertorelli
Editor-in-Chief Russ Niles
Contributing Editors Mary Grady Glenn
Pew
Features Editor Kevin
Lane-Cummings
Webmaster Scott
Simmons
Contributors Jeff
van West
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