Weekly Wrap-up Video Update 3/11/16
Here are the top aviation news stories that you may have missed this week. Let us know what you think by commenting below. Be sure to subscribe on Youtube to be the first to get the Weekly Wrap-up Video Updates. Also, if you missed last week’s Wrap-up, you can catch it here.
EASA Approves Challenger 650
The Bombardier Challenger 650 received full EASA (European Aviation Safety Agency) type certification this week. This news comes roughly three months after the aircraft received certification from the FAA and Transport Canada. The new 650 has a range of 4,000 nautical miles and 5% more takeoff thrust than the Challenger 605.
“Our Challenger 650 aircraft successfully entered into service in 2015 and is now about to make its European debut in 2016. Demand for this aircraft is strong around the world and with certification now in-hand, we are eager for EASA-registered customers to experience this brand new jet,” comments Bombardier Business Aircraft President David Coleal.
Embraer Financial Results
Embraer’s Fourth Quarter 2015 results were reviewed during a conference call on March 3rd, led by CEO Frederico Curado. During the call, it was revealed that Embraer was able to meet its 2015 Revenue Guidance, which ranged between $5.8B and $6.3B, with $5.92B generated over the year.
Despite last year’s performance, Embraer’s guidance for 2016 jet deliveries and profit did not meet the expectations of analysist. The manufacturer projects that it will deliver 75 to 85 light business jets and 40 to 50 large business jets. Additionally, uncertainty surrounding the company’s relationship with bankrupt carrier Republic Airways Holdings, Inc and potential fines from an ongoing US Foreign Corrupt Practices Act probe drove the company’s stock prices downward.
Abu Dhabi Expo Extreme Weather
The Abu Dhabi Business Expo was interrupted by unexpected severe weather. Attendees of the event faced heavy rain, high winds and flooding which lead to damage of facilities, exhibits and static displays. A number of furniture pieces left outdoors were destroyed along with an aircraft.
Tuesday and Wednesday of the event were heavily effected while Thursday went along nearly as planned. Despite the severity of the weather, no injuries were reported.
Amazon’s Aircraft Fleet
Online retailer Amazon is expected to lease 20 767s in support of its Fulfillment Services. The aircraft are expected to help the retailer meet its one and two day deliveries. The aircraft will be leased from Air Transport Services Group (ATSG) for five to seven years and will be operated by the company’s airline and charter subsidiaries.
These aircraft will allow Amazon to increase its transportation and distribution capacity and possibly compete against UPS and FedEx express. Amazon’s senior VP of worldwide operation and customer service commented, “We’re excited to supplement our existing delivery network with a great new provider, ATSG.”
FAR Part 23 Rewrite
The FAA announced a proposed rewrite of Federal Aviation Regulations Part 23, which regulates aircraft certification. The intention of the rewrite is to increase safety by reducing the time it takes to incorporate new technology and also reduce certification cost. The FAA believes that the rewrite will be the largest in the agency’s history and ultimately encourage innovation.
Many aircraft manufacturers and developers of aviation technology feel that Part 23 (which originally was written in 1965) is long overdue for a complete over haul to keep pace with the 21st century. “This proposal would streamline how we approve new technologies for small piston-powered airplanes all the way to complex high-performance executive jets,” said FAA Administrator Michael Huerta.
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