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United States aviation news

Boeing Says Building Mid-Range Jet a Matter of ‘When,’ Not ‘If’

Boeing Co. gave its strongest hint yet that it will soon develop its first all-new passenger aircraft since the 787 Dreamliner. The U.S. planemaker is honing designs for a mid-range plane to whisk travelers from New York to London, Sydney to Shanghai or Dubai to Oslo. Billions of dollars of investment would be required, but the aircraft would fill the gap in its product line between the la...

Boeing said to mull stretching 777 to knock out Airbus A380 jet

Boeing Co is proposing to stretch its largest 777 model to create a twin-engined behemoth aimed at delivering a knockout blow to Airbus Group SE’s struggling A380 superjumbo jet, said people familiar with its plans. The US plane maker has approached several carriers about the plane it calls the 777-10X, including Emirates Airline, the world’s largest operator of both Boeing’s...

Lockheed-Boeing rocket venture cuts 350 jobs

A rocket company owned by Lockheed Martin and Boeing said on Friday it cut 350 jobs, with another 400 to 500 layoffs expected in 2017. The staff reductions amount to a quarter of the workforce at United Launch Alliance LLC, the Centennial, Colorado-based company that supplies the U.S. Air Force with Atlas and Delta rockets to launch military and spy satellites into space. ULA wants to positi...

GlobalAir.com Aviation Scholarship Now Open for Applications

GlobalAir.com is pleased to announce the opening for application submissions for the GlobalAir.com Calvin L. Carrithers Aviation Scholarship.  The scholarship is offered to all students who are U.S. Citizens and currently enrolled in an accredited university or college aviation program for the 2016-2017 school year. Students from around the United States have benefited from the Calvin L. C...

Gulfstream G280 darts from Michigan to England, setting another record

Gulfstream Aerospace Corp. today announced that its super mid-sized Gulfstream G280 set a speed record between Grand Rapids, Michigan, and Luton, England, completing the flight in just seven hours and boosting the aircraft’s record-setting tally to 54. The aircraft departed Gerald R. Ford International Airport near Grand Rapids at 7:43 a.m. local time and arrived at London Luton Airp...

GULFSTREAM LAUNCHES 3-D PAINT PROJECTION PROCESS

Gulfstream Aerospace Corp. today announced that its Savannah Completions Center has incorporated 3-D projection technology into the process of designing and executing aircraft paint schemes, resulting in increased flexibility and enhanced design quality. Gulfstream engineers helped design the software that projects a multi-dimensional paint scheme onto the aircraft, taking into account how the...

Gogo Business Aviation Expands ATG Coverage in North America

Gogo Business Aviation (NASDAQ: GOGO) has expanded its coverage on the eastern seaboard of North America and in central Canada, providing approximately one hour of additional air-to-ground inflight connectivity in both locations for business aircraft. The expanded coverage on Canada’s east coast is primarily between Halifax, Nova Scotia and Gander, Newfoundland – approximately 450 a...

Cessna Delivers Milestone 7,000Th Citation as NetJets’ First Citation Latitude

Cessna Aircraft Company, a subsidiary of Textron Aviation Inc., a Textron Inc. company, today announced it has delivered the first fractional Cessna Citation Latitude midsize business jet to NetJets, Inc., a Berkshire Hathaway company. Today’s delivery represents significant milestones for both NetJets and the Citation product line. This aircraft represents the 7,000th Citation delivere...

Waypoint places two Sikorsky S-92 helicopters

Waypoint Leasing has placed two new Sikorsky S-92s on lease with a global helicopter operator. “Despite a period of weak demand for oil and gas globally, and a recent shift in the market for heavy aircraft, we are receiving numerous inquiries.” Clark McGinn, Waypoint’s senior vice president of Sales & Relationship Management said: “Despite a period of weak demand...

Smithsonian and Victoria and Albert museums team up for special exhibition

Call it the new special relationship. The Smithsonian Institution in Washington and Victoria and Albert Museum in London, have signed an agreement for Smithsonian to organise exhibitions at the 2012 Olympics site in the British capital, where V&A will occupy part of a huge campus. The memorandum of understanding represents a landmark collaboration between the two major museums, even though...

FAA Approves Terrafugia Flying Car Prototype As Light Airplane

Terrafugia’s Transition is a flying car. It’s an awkward, gangly beat, with wings that fold perpendicular to the ground like too-tall sails, and a wide, bubbly cockpit that seems out of place in the sky. It flies, and it drives, and now it has a waiver from the FAA that exempts it from some of the stricter requirements of being a light sport airplane, requirements hard to meet if it is...

JetLease Capital News

In the month of May JetLease Capital arranged and closed four aircraft financing transactions totaling just over $15,000,000. Details listed below: 1. New Phenom 300 business jet. The transaction was structured as a 6-month bridge loan facility. The client is a high net worth individual/entrepreneur based in the Southeastern United States. 2. 2005 Cessna Sovereign. The transaction was a refina...