Aviation Week & Space Technology

By Byron Callan
Defense stocks are traditionally thought of by investors as defensive.
Defense

By Guy Norris
The official unveiling of Pratt & Whitney Canada’s PW800 turbofan at this year’s National Business Aviation Association convention marked a sea change in the provision of engines for the world’s long-range business jets.
Business Aviation

By Adrian Schofield
In contrast to Tokyo’s Narita and Haneda airports, Kansai has been able to use its greater available capacity to draw new flights from Japanese and foreign airlines. It is positioning itself well to take advantage of an increase in overseas visitor numbers. This has been particularly evident with LCCs, as Japan’s new budget airlines establish bases and grow their networks at Kansai. In addition, several foreign LCCs have launched service to Osaka, and more plan to follow.
Air Transport

By Jens Flottau
Many of Europe’s legacy airlines, Austrian Airlines among them, are experiencing bitter disputes with employees about cost cuts. But now that Austrian seems to have found a compromise with labor, management attention is shifting to fleet renewal and a sustainable model.
Air Transport

By Jay Menon, Jens Flottau
Indian LCC IndiGo has given Airbus its largest single order to date, for 250 new A320neos. A successful IPO in a still tumultuous air transport market will be key to fund the order—and it would cement IndiGo’s position as India’s leading domestic airline.
Air Transport

By Graham Warwick
Commercial UAS users finding ways to get around FAA’s slow rulemaking process
Aerospace

Space community receives a bumper crop of information from Mars-orbiting spacecraft, planet-based rovers and amateur astronomers worldwide
Space

By Jen DiMascio
FAA submits a plan for implementing near-term NextGen priorities over the next four years.
Aviation Week & Space Technology

Airbus is close to launching an increased maximum-takeoff and long-range version of the A321neo that it seeks to position as a Boeing 757 replacement. The manufacturer is briefing potential customers, but has not yet made a decision to proceed. An Airbus official says the new version is still in a project study.

The strong pipeline of new products, many announced but some still to come, provided a boost in Honeywell’s latest forecast for the delivery of 9,450 business jets valued at $280 billion through 2024.

A spacecraft designed to test reentry techniques for a future lunar-sample return mission lifted off from the Xichang launch facility on a Long March 3C Oct. 23 (Oct. 24 local time) on a week-long mission that will take it around the Moon. Citing a spokesman for the China National Space Administration, China Daily’s English-language edition says the testbed will return to Earth after a swing around the Moon to test a “skip” reentry technique to bleed off velocity before a parachute touchdown in the Gobi Desert.

Moody’s Investors Service believes the European transport infrastructure industry will remain stable over the next 12-18 months on growth in traffic volume. “We expect EU airport passenger levels to grow by 2-6% in 2014 and 1-4% in 2015, mainly driven by an increase in airline capacity,” says senior Moody’s analyst Joanna Fic.

The steady drop in oil prices is not yet raising concerns at Boeing or on Wall Street that airlines will alter their emerging pattern of lining up a historically high percentage of new deliveries as replacements for less efficient, older-generation aircraft. “The price of oil still could fall a long way before our planes are anything but compelling,” Boeing Chairman and CEO Jim McNerney said last week.

Mergers and acquisitions activity in the U.S. aerospace and defense industry slowed in the third quarter, according to PricewaterhouseCoopers. Total deal volume slipped to the lowest level in 11 quarters, and was the weakest since the second quarter of 2005. The trend, reported by Aviation Week last month, comes as many A&D participants had once thought this year would mark the beginning of a wave of strategic M&A in Western industry. Divestitures continue to remain favorite business-shaping tools as companies divide or slice off divisions deemed non-core, slow-growth or worse.

Moody’s Investors Service has downgraded Kremlin-controlled aircraft maker Irkut, a subsidiary of United Aircraft Corp., based on Russia’s worsening economic situation. The U.S.-based credit rating agency says it still believes Irkut and other state-backed companies will enjoy state support if they encounter “financial distress.” Not every state-backed Russian company will see ratings downgraded, albeit because they were lower already. For instance, Moody’s reaffirmed outlooks on Russian Helicopters.

Lockheed Martin and Turkey-based Roketsan are to codevelop a medium-range cruise missile for internal carriage on the F-35. Final integration of the 1,000 lb.-class SOM-J weapon is planned for 2023 as part of the Block 4 capability upgrade. Designed to meet a Turkish air force requirement, SOM-J is based on the larger SOM stand-off cruise missile developed indigenously in Turkey and in production at Roketsan.

By Bradley Perrett, Jens Flottau
Executive Editor Jim Asker discusses the Japanese regional jet project with Asia-Pacific Bureau Chief Bradley Perrett and Jens Flottau, managing editor for commercial aviation.
Aerospace

We look at the new features being introduced in the cockpit of Gulfstream's G600 and the Pratt & Whitney PW800 engine that will power the new ultra-long-range business jet.

Business Aviation

LED + NVG Could Spell Trouble

Walter Heerdt has been named senior vice president-VIP and executive jets for Lufthansa Technik. He succeeds Hans Schmitz, who will be retiring. Heerdt has been senior vice president-marketing and sales for the Lufthansa Technik Group.

Michael Lopez-Alegria has been to orbit four times – three of them in a NASA space shuttle and once on a Russian Soyuz capsule. At the recent International Astronautical Congress in Toronto, the former U.S. Navy test pilot described the differences taking off and landing in the two vehicles. As you will hear, they are very different indeed.

Defense

Concerns over Ebola are causing operational trouble for the world’s airlines and are becoming an issue even for carriers not operating to West Africa.
Air Transport

Daniel Goure
Opinion: USAF has the rare opportunity to improve U.S. national security, impose costs on an aggressive foreign power, promote American technological innovation and create jobs at home.
Space

Rolls-Royce has begun flight tests of its composite carbon/titanium (CTi) fan blade, which will be a key feature in the company’s next-generation Advance and UltraFan engine designs.

First-light imagery from the Mars Atmosphere and Volatile Evolution (Maven) orbiter displays some of the components of the planet’s upper atmosphere that the spacecraft will study as they interact with the Sun. The three views captured by the probe’s Imaging Ultraviolet Spectrograph offer “the most complete picture of the extended Martian upper atmosphere ever made,” says Mike Chaffin of the University of Colorado, Boulder, a member of the Maven remote-sensing team.