20/08/2008GROB FILES FOR INSOLVENCY

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Late Tuesday afternoon, Grob Aerospace GmbH CEO Niall Olver released a letter announcing that Grob Aerospace GmbH of Germany has filed for insolvency. According to the letter, this decision was forced.

20/08/2008FIRST FLIGHT FOR CESSNA CITATION CJ4 FIRST PRODUCTION

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Cessna Aircraft Company completed the first flight of the first production Citation CJ4 today, just more than three months after the CJ4 prototype initially flew May 5.

20/08/2008StandardAero RECEIVES NEW FAA STC

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StandardAero, a Dubai Aerospace Enterprise (DAE) company has received Supplemental Type Certification (STC-SA02603CH-D) to remove Pratt & Whitney Canada (PWC) PT6A-41 series engines on the Beechcraft King Air 200 and replace them with new or serviceable PT6A-42 engines. StandardAero is the only PT6A designated overhaul facility that can offer customers both maintenance, repair and overhaul (MRO) and engine upgrade options.

19/08/2008GENERAL DYNAMICS ACQUIRES JET AVIATION

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Jet Aviation, one of the leading Business Aviation services companies in the world, based in Zurich, announces change in its ownership structure: General Dynamics and Dreamliner Lux S.a.r.l., a company controlled by the Permira Funds, which acquired a majority stake in Jet Aviation in October 2005, signed a sale and purchase agreement yesterday. As part of this agreement, General Dynamics will acquire all shares of the Jet Aviation Group. This transaction will expand General Dynamics Aerospace Business Aviation operations into global flight support services.

18/08/2008CESSNA GRAND CARAVAN PERFECT FOR RUSSIA

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Recently AVKOMD, the Business Aviation terminal located at Moscow’s Domodedovo Airport, received a Cessna 208B Grand Caravan aircraft. The presentation was held by Cessna Aircraft and Jet Transfer, Cessna’s official representative within Russia and Kazakhstan.

18/08/2008UNIVERSAL TO BECOME MAJORITY OWNER OF CAVOK

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Universal Weather and Aviation, Inc., announced today that it has entered into a letter of intent to become the majority owner of Brazilian flight support services provider Cavok Servicos Auxiliares de Transportes Aereos Ltda. (CAVOK) and expects to complete the transaction in the near future, subject to any required governmental approvals.

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