Posted on May 12th, 2019
At last year’s NBAA convention it was revealed that Airbus had agreed to partner with Aerion, giving the supersonic project its long-sought major OEM partner. The original disclosure involved only the Airbus Defence & Space division, but the airframer’s commercial group has already become involved, Aerion vice-chairman Brian Barents revealed on 21 September at the Wichita Aero Club – where he delivered the first major programme update since the EBACE exhibition in May.
Some perspective is in order in the wake of Rockwell Collins recent guidance to Wall Street on the company’s outlook for business aviation in the coming year.
Rockwell President and CEO Kelly Ortberg indicated the company “continues to see weak [business aviation] market conditions” and expects no significant improvement in its upcoming fiscal 2016. Factored into Rockwell’s outlook is a previously announced production rate cut for the large-cabin, ultra-long-range Global 5000 and 6000 aircraft, as well as additional rate reductions in “other business jet platforms,” including models in the mid-size and light segments.
But Ortberg also noted these reductions will be partially offset by—among other things—the ramp-up in production of Embraer midsize Legacy 450/500 jets, in particular.
BBA Aviation has entered a $2-billion stock purchase agreement to acquire Fixed-Base Operator (FBO) Landmark Aviation from investment fund manager Carlyle Group. BBA Aviation also announced the launch of a rights issue to raise $1.1 billion in proceeds, which will be used in part to finance the acquisition.