ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

JETS Usglobaljetsacc

6.253
0.00 (0.00%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Usglobaljetsacc LSE:JETS London Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 6.253 6.181 6.325 - 0 01:00:00

Usglobaljetsacc Discussion Threads

Showing 176 to 187 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
12/4/2004
14:43
ExecuJet to Support UAE Navy Bombardier Learjet 35


Related Content in zawya



Region-wide non-listed


ExecuJet Middle East
info: news - profile - officers






News
ExecuJet completes first stage of expansion - Gulf News

ExecuJet Doubles Workforce to Meet Demand for Jet Travel in the Middle East - Press Release

ExecuJet Middle East Expands Fleet to Meet Demand for More Sophisticated Aviation Offerings - Press Release




12 April 2004
Leading Business Aviation Company Wins Prestigious Contract





Abu Dhabi, United Arab Emirates

ExecuJet Middle East, a leading business aviation services company and part of the global ExecuJet Aviation Group, today announced that it has won a prestigious contract to provide support for a UAE Navy Bombardier Learjet 35 aircraft.

The contract includes maintenance and operational personnel, training, spare parts and maintenance services for the aircraft.

“As a local company, we are very proud of our partnership with the UAE Navy on the Learjet 35. The aircraft is utilized in a wide variety of mission profiles, and further illustrates the wide scope of specialized and customized aviation services that ExecuJet can offer,” said Khadar Mattar, sales director, ExecuJet Middle East.

“Working with a local entity for this aircraft will provide the UAE Navy many cost and operational efficiencies. We look forward to a long and mutually beneficial relationship with ExecuJet,” added a UAE Navy spokesperson

One of the mid-term goals of ExecuJet remains a dedicated aircraft service centre and spare parts depot, currently under construction at Dubai International Airport. The service center, being built in partnership with Bombardier Aerospace, will provide complete maintenance and service for the Bombardier Global, Challenger and Learjet families of business jets, in and around the Middle East region.

-Ends-

About ExecuJet Middle East
ExecuJet Middle East was established in 1998 and is based at Dubai International Airport. The company provides a complete set of aviation services associated with the sale, operation, management, charter and support of modern high-technology business jets, serving Customers throughout the Middle East, North Africa and Europe.

ExecuJet specialises in the sale and support of business aircraft to suit most mission profiles. The company is the official sales and distribution agent for Bombardier Aerospace’s entire range of Learjet business jet aircraft in 10 Middle Eastern countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, United Arab Emirates and Yemen. Bombardier Aerospace is a world leader in the design and manufacture of innovative aviation products and services for the regional, business and amphibious aircraft markets.

Furthermore, ExecuJet is also an appointed Pilatus distributor for the PC-12 turboprop aircraft in the same sales territory.

In recognition of its highly professional aviation service standards and products, ExecuJet Middle East was the first independent business aviation service provider to have received an air operators’ certificate from the UAE civil aviation authority. Under this certification, ExecuJet operates and manages a selection of aircraft for charter including a Bombardier Learjet 60 midsize business jet and a Bombardier Challenger 604 widebody business jet.

ExecuJet Middle East, and Bombardier Aerospace, expect to complete construction of a dedicated aircraft service centre and spare parts depot at Dubai International Airport in 2004. This venture is unique in that Bombardier (as an Original Equipment Manufacturer) and ExecuJet (as a service provider) will be the first to offer full representation and support in the region.

ExecuJet Middle East is a member of the ExecuJet Aviation Group, a global aviation group of associated companies located in Australia, the Middle East, Scandinavia, South Africa & Switzerland, providing a comprehensive range of services including aircraft sales, charter, maintenance, flight operations, aviation services & fleet management. Globally, the ExecuJet Aviation Group represents the entire Bombardier Aerospace portfolio of products in more than 30 countries worldwide, and currently manages more than 90 executive jets.


© Press Release

ariane
06/4/2004
07:53
Boeing May Award $40 Billion Engine Order as Soon as This Week
April 6 (Bloomberg) -- Boeing Co., the world's second- biggest plane maker, may as soon as this week choose engine makers for its 7E7 aircraft, a decision that may be worth as much as $40 billion in orders over a quarter of a century.

General Electric Co., Rolls-Royce Group Plc and United Technologies Corp.'s Pratt & Whitney unit, the world's three- largest engine makers, are competing for the order, the biggest of its kind in at least a decade. Chicaco-based Boeing will likely name two of the three to supply power plants for the 7E7, said analysts including S.G. Cowen's Cai Von Rumohr.

Boeing is counting on the 7E7, designed to use 20 percent less fuel than similar-sized aircraft, to take back market share from Europe's Airbus SAS, which last year passed Boeing to become the world's largest maker of commercial aircraft. The engine winners would supply motors, spares and service, said Robert Thomson, an analyst at Roland Berger & Partners in London, who valued the contract at $40 billion over 25 years.

``Pratt has the most to lose, they've seen sales disappear to rivals,'' said Klaus Breil, who helps manage $5.9 billion at Cominvest Management in Frankfurt and owns shares of General Electric and United Technologies. ``For Rolls-Royce, it would cement its position as the No. 2 maker of civil jet engines.''

Mid April

Boeing spokeswoman Lori Gunter declined to give a specific date for the engine decision, though she said Boeing expects to announce its choices in ``mid-April.''

General Electric, based in Fairfield, Connecticut, is the world's biggest maker of jet engines, followed by London-based Rolls-Royce and Pratt & Whitney, whose parent company is based in Hartford, Connecticut. Spokesmen for all three companies declined to comment on design specifics of their engines.

Rolls-Royce has leapfrogged Pratt by selling newer engines. Losing the competition for the 7E7 would ``leave Pratt with a big hole in its product line-up on Boeing aircraft,'' said Thomson of Roland Berger & Partners.

Boeing wants to duplicate the success of its 737, the world's best-selling jetliner, with the larger 7E7, which will have 200 to 250 seats. Boeing plans to win more than half of 2,000 to 3,000 orders for planes the size of the 7E7 in the next two decades.

Dreamliner

The 7E7, also known as the Dreamliner, will replace the company's 757 and 767 models and compete against Airbus's A330 and A340-300 planes. Rolls-Royce is competing against a venture of General Electric and Pratt to sell engines for Airbus's A380, which will be the world's largest passenger aircraft when it enters service in 2006. Boeing's last new plane was the 777 a decade ago.

Boeing's board in December decided to begin offering the plane to airlines. Chief Executive Officer Harry Stonecipher expects to win the first order this year, preferably in the first half, he said in January.

For engine makers, securing a spot on an aircraft line is important because profit isn't usually made on the sale itself, rather on maintenance contracts stretching over decades.

The award is crucial for Pratt. Its decision in the 1980s not to offer an engine for the 737 has led to its once-dominant market share to diminish. General Electric, which makes the 737's CFM56 engine through its venture France's Snecma SA, has estimated that more than $4 billion in annual sales by 2010 will come from CFM56 service.

Average Age

``The average age of a Pratt engine is 18 years, 13 at GE, 8 at Rolls,'' said John Middleton, an analyst at ABN Amro in London, with a ``buy'' rating on Rolls-Royce's stock. P&W's installed base was ``the biggest.''

General Electric and Rolls-Royce are developing engines based on new technology and current engine designs. At General Electric, the engine will be derived from the GE90 developed to power the long-range models of the 777. At Rolls-Royce, the engine will be an upgrade of the Trent series. Pratt is developing a new engine.

``Every new program is crucial to every engine maker because it's the future, it keeps them in the game,'' said Rich Henderson, who follows engines at Forecast.

Fuel Burn

Pratt may have better fuel burn, General Electric an advantage because the parent company also owns the world's biggest lessor of aircraft, and Rolls-Royce, because it is a ``European alternative,'' Von Rumohr of S.G. Cowen wrote.

Engines for the model size of the twin-engine 7E7 typically cost about $10 million each, based on list prices. New engine development can cost more than $1 billion over several years. Pratt President Louis Chenevert said last month the company, including partners, will spend as much as $1.5 billion to develop its engine. General Electric spends about $1 billion annually in engine development for several models at a time.

``The market has improved from two years ago, but it's still tough out there for everyone,'' said Hilary Cook, who helps manage about $45 billion in assets, including Rolls-Royce stock, at Barclays Private Clients in London.

maywillow
05/4/2004
08:01
Embraer's mantra: Customers count
By Nick Easen for CNN
Monday, April 5, 2004 Posted: 0527 GMT (1327 HKT)



Botelho has spread his business risk out by asking suppliers to take on some of the burden.




--------------------------------------------------------------------------------

ON CNNI TV
Click here for Global Office show times on CNN International.

OTHER NEWS
Drowning out 'karaoke capitalism'


Y


Embraer SA

Bombardier Incorporated


(CNN) -- Ten years ago Brazil airplane maker Empresa Brasileira de Aeronautica S.A., better known as Embraer was building turboprops and losing money.

Now it is the world's fourth-largest passenger plane company and the country's biggest and most important manufacturer and exporter.

Clever production and cheap labor have played a crucial role, but according to the CEO Mauricio Botelho, there is one overriding reason behind their success.

"Do not lose a sense of the business -- which is not to produce aircrafts -- it is to serve your customers, this is what really makes and creates value," he told CNN.

Botelho has plenty to boast about.

The 61-year-old, who has been at the company for nine years, is now in a position to start challenging the two global giants of the aviation industry: Boeing and Airbus.

This is a far cry from when Embraer regularly racked up multimillion-dollar losses, before it was privatized in December 1994.

Today the company has a number of competitive advantages, not forgetting the favorable exchange rate: Labor costs are lower than the U.S. and Europe, productivity is higher and Embraer has a new virtual reality center where airlines can visualize their finished product.

The company is also about to launch one of four new planes -- the Embraer 190 -- which seats between 70 and 110 passengers and is the biggest plane the firm has built.

"It is a very large investment for us -- in total around $1 billion, and I am very proud to say no support from the government," says Botelho.

Embraer was founded in 1969 and made its name constructing high-quality military and civilian aircraft.

But high pricing forced the company to look elsewhere and in 1995 they moved into regional jets.

Spread the cost
Initial funding for the new mid-sized jet was a problem, so Embraer asked its suppliers to take on some of the development and investment costs.

Risk-sharing partner Kawasaki Heavy Industries even moved wing manufacturing from Japan to the Brazilian site.

"(They were) not (just) providers of equipment but providers of subsistence and I think that this approach has worked very well," Botelho explains.

But not everyone is happy with Embraer's success.

Canada's Bombardier Inc., which once dominated the fast-growing mid-market, has seen its share slip in recent years.

waldron
28/3/2004
20:24
EDWARDS AIR FORCE BASE, CA (AFXP) - An experimental X-43 pilotless plane
yesterday broke the world speed record for an atmospheric engine, briefly flying
at 7,700 kilometers per hour, seven times the speed of sound, the National
Aeronautics and Space Administration said.
The hypersonic aircraft, a cross between a jet and a rocket, was dropped
from the wing of a modified B-52 bomber, boosted by an auxiliary rocket to an
altitude of nearly 100,000 feet and flew on its own power for 10 seconds, said
NASA.
The X-43A then glided through the atmosphere conducting a series of
aerodynamic maneuvers for about six minutes before plunging into the Pacific
Ocean, as planned.
Project chief Vincent Rausch had earlier said the 230 mln usd "could mark
the beginning of a revolution in aviation and space flight."
NASA says the prototype engine is destined to eventually power a new
generation of space shuttles.
js/aln/kd/mk/hjp

waldron
28/3/2004
11:58
Nasa jet smashes speed record


The plane was dropped from the wing of a B-52 bomber
An experimental hypersonic plane has broken the world speed record by flying at seven times the speed of sound, said US space agency Nasa.
The unpiloted X-43A aircraft used a scramjet engine that could one day usher in a new generation of space shuttle propulsion systems.

waldron
27/3/2004
12:12
yes, that little black thing.
ariane
27/3/2004
10:15
Posted on Sat, Mar. 27, 2004

Small aircraft makers ask to prolong tax break

LIBBY QUAID

Associated Press


WASHINGTON - Bonus depreciation. The words probably don't mean much to most folks, but they mean everything to small jet makers that help fuel the Kansas economy.

"Bonus depreciation" is a tax benefit that gives companies a much larger immediate tax savings.

Included in President Bush's 2002 tax bill and made bigger and better in 2003, the intent of the break was to make companies start spending again.

For the aircraft industry, it worked.

"We saw orders increase industrywide by 45 percent," Ed Bolen, president and CEO of the General Aviation Manufacturers Association.

It normally takes time for businesses to realize tax deductions for business equipment, because the purchases have to be depreciated over several years. But bonus depreciation is more like an upfront tax write-off, because companies can deduct a much bigger chunk of the cost in the first year.

The first-year deduction was 30 percent in the first economic stimulus measure, then 50 percent in the second. Within three months, sales jumped 45 percent.

However, it wasn't just the size of the benefit that made it so effective. It worked because it will expire: The benefit applies only to aircraft placed into service by the end of this year.

"It helped people to make a decision to go ahead and order aircraft, because if they don't, they're going to lose that opportunity," said Marilyn Richwine, spokeswoman for Cessna Aircraft Co.

The recent jump in aircraft sales has been a boon.

"It's keeping people from being laid off, and bringing some people back to work, and creating hope in a local economy," said Rep. Todd Tiahrt, R-Kan., who represents Wichita and south-central Kansas.

Cessna, Bombardier Aerospace and Raytheon Aircraft build business jets and small private planes in Wichita, and Boeing Co. makes larger commercial planes there.

The aviation-dependent local economy plummeted after the Sept. 11, 2001, attacks, and employers there have laid off nearly 13,000 workers. The impact wasn't limited to Wichita. The industry's contributes an estimated 18 percent of Kansas manufacturing jobs.

But there is a wrinkle. Because sales have been so brisk, and because the tax break applies only to planes coming off the assembly line this year, small aircraft makers are on the verge of losing the incentive now.

"At this point, we are pretty much sold out for 2004," Richwine said.

Planes are different from many other industries because of a lead time; small aircraft can take eight to 16 months to build.

The industry is asking Congress to extend for a year the "placed in service" deadline, so that sales this year for planes delivered in 2005 still get the tax benefit.

Lawmakers who support the industry are trying to help. They inserted the "placed in service" extension into the corporate tax bill now being debated in the Senate.

Sen. Sam Brownback, R-Kan., said the provision's chances are good because his colleagues will probably like the bill's price tag: $0. Congressional analysts say it won't cost the government anything to extend the benefit.

ariane
25/3/2004
21:19
An Extract


Though the X-43 project is a modest start, it could lead to bigger things. In the long term, scramjets offer the possibility of cheap access to space. That is because, unlike the rockets currently used to get into orbit, they are air-breathing. This means they do not have to carry liquid oxygen (or some other oxidant) to burn their fuel, and could thus use the weight saved to carry a bigger payload. A scramjet-powered booster could thus launch heavy loads to the edge of space. Only there would a rocket be required

maywillow
24/3/2004
18:36
Bombardier gets financing to build Air Canada jets
Last Updated Wed, 24 Mar 2004 13:17:37
MONTREAL - Bombardier has managed to secure financing for Air Canada's order of 45 regional jets, the airline said Wednesday.

grupo guitarlumber
20/3/2004
10:16
Bombardier nets $270M defence contract
CF-18 flying simulators will be built at Cold Lake, Bagotville



MONTREAL (CP) — Bombardier Inc. and a U.S. partner have been awarded a contract worth up to $270 million to train CF-18 pilots for the Canadian military.

In announcing the victory today, Bombardier also said it has ditched plans to sell its military aviation training business.

News of the contract had leaked out last week when CAE Inc. of Toronto, the world's leading aircraft simulator maker, accused the Department of National Defence of unfair treatment of CAE's bid.

Bombardier Aerospace is teaming up with L-3 Communications Corp. of New York for the contract; the American partner uses similar technology in F-18 simulators it provides to the U.S. military.

grupo guitarlumber
19/3/2004
11:57
NEW DELHI, March 19 (AFX) - India today signed a deal which paves the way
for the purchase from BAE Systems plc of 66 Hawk Advance Jet Trainers worth 1.63
bln usd, the government announced.
"A memorandum of understanding between the government of India and the
government of the United Kingdom was concluded for the effective and
uninterrupted implementation of the contracts regarding acquisition of 66
Advance Jet Trainers from British Aerospace System and other equipment
manufacturers of United Kingdom," an Indian government statement said.
The announcement ends 18 years of waiting by the Indian Air Force for
trainers which will graduate new pilots to fly its mainstay MiG-21 fighter jets.
pc/sct/bp/bmm/ijl/rhb

grupo guitarlumber
18/3/2004
06:41
BEIJING (AFX-ASIA) - China hopes to put its own large passenger planes in
the air by 2018 to meet surging demand and save itself billions of dollars on
foreign aircraft, the China Daily reported.
The plan will give Chinese manufacturers apiece of the pie as local
carriers satisfy their appetite for new aircraft in the years ahead, the
newspaper said.
"We've seen tremendous market needs -- both civilian and military -- for
large planes in the years ahead," Liu Gaozhuo, presidentof government-owned
China Aviation Industry Corp I (AVIC I), was quoted as saying.
According to local experts, China will have to add 1,400 large jet liners by
2022, costing the country at least 100 bln usd if they are all to be imported,
the newspaper said.
Like their peers in most other countries, Chinese airlines have so far
relied heavily on Boeing and Airbus aircraft for both long-haul and short-haul
regional services.
Boeing says it is not worried about the prospect of an emerging Chinese
competitor.
"We believe our technology and experience will give us a leading edge," said
Ross Ma, a Beijing-based spokesman for the American company. "We can offer that
to the Chinese so we can both benefit."
The 2018 timetable was announced a week after reports that the State
Council, or cabinet, had ordered a study on the feasibility of making aircraft
with over 150 seats.
China is already trying to get a share of the market in small regional
passenger jets with the development of the 70- to 90-seat ARJ21, which is
scheduled for commercial launch by 2007.
Many did not believe China would be able to produce regional jets
competitive with aircraft manufactured by international heavyweights such as
Canada'sBombardier Inc and Brazil's Embraer, the China Daily said.
But even before production of the ARJ21 officially started in December, AVIC
I had clinched orders for 35 planes, the newspaper said.
"We offer regional jets of the best quality but at a price and operational
cost lower than foreign counterparts," said AVIC I President Liu. "More
importantly, we provide products that most suit the Chinese market."
ph/mp/bmm/rc

grupo guitarlumber
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older

Your Recent History

Delayed Upgrade Clock