Jessica is Executive Editor of Business & Commercial Aviation magazine. She started as Editor of ShowNews Online, Aviation Week's on-site trade show daily published at the Paris Air Show, NBAA Annual Convention, Singapore Air Show and at other significant aerospace gatherings.
Jessica has worked in television production and management consulting. While not yet a licensed pilot, Ms. Salerno has received flight instruction and has soloed.
According to a filing with the Securities and Exchange Commission, Gulfstream Aerospace and Spirit AeroSystems have settled a case in which the latter alleged it had sustained damages for incomplete payments for G650 wings it manufactured for Gulfstream. Jefferies aerospace analyst Howard Rubel noted that by the end of last year, Gulfstream had retained $135.1 million in payments for work completed. Meanwhile, Spirit had liabilities tied to the program of $65.1 million. Rubel estimates Spirit received a net payment of $70 million in the settlement.
In 2014, Embraer delivered 116 executive aircraft, including 92 light jets and 24 large jets, as well as 92 commercial aircraft, compared to 119 executive jet deliveries in 2013. Meanwhile, the Brazilian manufacturer’s total revenue in 2014 at Embraer increased 0.9% to $6.3 billion, driven by growth in Embraer’s defense and security segment, it said.
Bristow Group has signed an agreement with AgustaWestland to help the manufacturer develop oil and gas support capabilities for its AW609 civil tiltrotor, which its manufacturer maintains is “an ideal transportation solution for offshore travel.” According to AgustaWestland, it now has 60 customers for the aircraft. Meanwhile, two prototypes are conducting flight tests at the company’s facilities in Ft. Worth, Texas, and in Italy. A third should join testing in the U.S. later this year.
