JSSI, SierraTrax | June 30, 2021
Jet Support Services, Inc. (JSSI), the premier independent supplier of business aviation maintenance support and financial services, announced today the purchase of SierraTrax, a pioneer in aircraft maintenance tracking.
SierraTrax, via its modern technology interface, offers maintenance tracking software for commercial airplanes all around the globe. The SierraTrax platform is widely utilized by Cessna, Beechcraft, and Hawker operators as a Textron Aviation approved supplier of maintenance tracking services. Most turboprop, light, and midsize aircraft are supported by the company, but it will now concentrate on expanding the service into the super-mid and large-cabin sectors to match with JSSI's coverage of nearly every make and model of business jet, turboprop, and helicopter.
JSSI's Hourly Cost Maintenance Programs serve more than 10% of the world's business jets and manage more than 10,000 maintenance events each year. Through its JSSI Parts & Leasing division, the company also supplies parts, engines, and APUs to hundreds of operators of various makes and models. This strategic expansion into the maintenance monitoring sector will combine SierraTrax knowledge with more than 30 years of JSSI operating cost data, and will complement the company's current portfolio, which also includes JSSI Advisory Services and Conklin & de Decker.
GTCR, a prominent private equity company, owns the majority of JSSI.
WingX | May 22, 2020
Global business aviation traffic is down by 55 percent year-over-year as the industry continues dealing with the headwinds posed by the Covid-19 pandemic, according to the latest statistics released on Thursday by data provider WingX. In its weekly Global Market Tracker, the company noted that the 113,000 legs flown thus far in May stands in contrast to the 254,000 a year before. On average, 2,600 business aircraft were active each day in May, representing 44 percent of the number usually deployed.
But the Hamburg, Germany-based WingX noted some cause for optimism as the seven-day rolling average jumped from 4,800 flights on May 1, to 6,800 on May 19. At its low point in mid-April, the total plunged below 3,700 daily flights. In contrast, commercial scheduled flights are still around 85 percent below normal levels.
Mitsubishi | June 02, 2020
The Mitsubishi Aircraft SpaceJet program has halted all flight testing worldwide and is winding down production to zero. The company said it must first meet cost targets and then work out a plan to get a type certificate (TC). Only after the regional jet is declared airworthy will the resumption of manufacturing be considered. Staffing at the home of the program in Nagoya, Japan, will be reduced, Mitsubishi Aircraft said, briefly outlining its plans to Aviation Daily.
Despite the retrenchment of development, Mitsubishi Aircraft majority owner Mitsubishi Heavy Industries (MHI) completed on June 1 its purchase of the Bombardier CRJ program, the likely foundation of future SpaceJet maintenance and marketing. The CRJ business is now called MHI RJ Aviation Group; it does not include CRJ manufacturing facilities.