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New Straits Times
26-05-2025
- Business
- New Straits Times
Aircraft giant Titan launches operations in Malaysia
KUALA LUMPUR: Global aircraft management company, Titan Aviation has officially launched its operations in Malaysia. In a statement today, the United States (US) and Dubai-headquartered company aims to deliver its renowned operational excellence and industry-leading safety standards to aircraft owners and high-net-worth individuals seeking private aviation solutions. "The addition of Malaysia as a regional hub enhances the company's ability to offer aviation services in Southeast Asia's second-largest aviation hub that continues to grow as a business and tourism centre," it said. Its managing director, Captain Sakeer Sheik said Malaysia is a critical gateway in Southeast Asia—not just geographically, but in terms of demand for bespoke, trustworthy private aviation services. "Our presence here allows us to support aircraft owners, charter clients, and business travellers with unmatched responsiveness, technical depth, and operational transparency," he said. Sakeer noted that the Malaysian government and its local authorities are welcoming of new players in the country to offer a variety of aviation services adhering to global standards. Titan Aviation also said the new Malaysian base will offer a wide range of services, including aircraft management, private jet chartering, aircraft sales and acquisition, Continuous Airworthiness Maintenance Organisation (CAMO) and technical services, as well as staffing solutions. It also offers Malaysian clients preferential insurance terms, faster claims and lower premiums through its group fleet coverage. "Whether it's managing a Gulfstream for a Malaysian corporate or arranging a last-minute charter to Hong Kong or Jakarta, our team here is equipped and empowered to deliver," added Sakeer. Founded in 2004, Titan Aviation manages a growing fleet of over 30 aircraft and helicopters globally—including Gulfstream jets and the Dassault Falcon—and operates across the US, Europe, the Middle East, and South and Far East Asia, including Indonesia, Cambodia, Singapore, and India.
Epoch Times
24-04-2025
- Business
- Epoch Times
General Dynamics Profits Jet Higher on Sales of Business Aircraft
General Dynamics' profits jumped more than 27 percent in the first quarter as the company's aerospace business is expected to begin making deliveries of its new long-range executive jet later this summer. Based in Reston, Virginia, the aerospace and military contractor provides a range of products and services for the Pentagon and other U.S. government agencies, as well as private sector and commercial customers worldwide. In a conference call with Wall Street analysts on April 23, General Dynamics CEO Phebe Novakovic said the company's four business segments saw increases in earnings and revenue compared to a year ago. She noted the company's growth and strong performance in the defense and aerospace sectors, which saw a 50 percent increase in aircraft deliveries. 'This business has become a real jewel. In summary, the aerospace team has had a good quarter,' Novakovic said of the company's Gulfstream subsidiary and jet aviation business. During the quarter, Gulfstream delivered 36 business jets to customers worldwide, including 13 of its new ultra-large-cabin G700 aircraft that can carry up to 19 passengers. A year ago, Gulfstream delivered its first G700 to customers, providing the company with a new flagship executive jet to rival Bombardier's Global 7500 and Dassault Falcon's new 10X entry. Last week, Gulfstream also announced that the company's new G800 was certified by the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency. Produced at the Savannah, Georgia, production facility, the G800 is billed as the world's longest-range business jet, capable of traveling over 8,200 nautical miles (9,400 miles) at speeds nearing Mach 0.935. Related Stories 4/23/2025 4/22/2025 Gulfstream's fleet of executive business aircraft also includes the G400, G500, G600, and G650. The latter recently recorded the farthest and fastest flight in business aviation history, traveling from Singapore to Tucson, Arizona, a distance of about 9,200 miles, in just over 15 hours, and completed production in February. Since then, the new executive jet entry has moved to the company's completion center in Appleton, Wisconsin, where the first G650 will be delivered to the first customer later this year. During the conference call, Novakovic also highlighted General Dynamics' position as one of the nation's top prime defense contractors, providing a full spectrum of technology, artificial intelligence, and machine learning services and products to military, intelligence, and federal civilian customers. Under the company's combat and marine subsidiaries, the prime defense contractor General Dynamics' brand-name products for the U.S. military include the M1 Abrams tank, Virginia-Class submarines, and Stryker anti-tank missiles and armored vehicles used by Ukraine in the ongoing war with Russia. 'Demand for combat system products continues to be robust, with particular strength in Europe,' said Novakovic, citing 'the heightened threat environment' globally. The General Dynamics chief executive said that in addition to recent contracts exceeding $1 billion to supply the U.S. Army with battlefront combat vehicles, which Ukrainian soldiers are now using against Russian infantry, the company is also working with the Pentagon to accelerate the modernization of the Abrams M-1 tank. In late 2023, the U.S. Army first After earlier upgrades in 2018, the new Army tank is considered the world's most lethal battlefield tank. Army officials have said publicly that the latest version will be updated with the latest modular systems, allowing quicker technological upgrades and requiring fewer resources. 'We are rapidly increasing munitions capacity and production with the opening of our projectile facility in Texas and our load, assembly, and pack facility in Arkansas,' Novakovic confirmed. 'All in all, combat had a solid quarter and is off to a good start for the year.' General Dynamics On a company-wide basis, orders in the quarter totaled $10.2 billion, and backlog at the end of the quarter was $88.7 billion. As the Trump administration and Elon Musk's Department of Government Efficiency (DOGE) move forward with In response to analyst questions about the impact of Trump administration tariffs, trade policy, and possible DOGE and Department of Defense budget cuts on company operations, the General Dynamics CEO said the company preferred to hold comments until more information is available. 'If I were more specific, I would be wrong. I am just really sharing how we see it from our foxhole,' said Novakovic. 'Rumors are rampant, and I just want to see what the [Trump] budget shows.' Taking a page from a growing number of Fortune 500 companies, Novakovic said General Dynamics would not revise or update its yearly financial forecast. Earlier in January, the company provided earnings per share guidance of $14.75 billion to $14.85 billion for the first quarter, compared to the consensus earnings per share estimate of $13.7 billion. In Wednesday's New York Stock Exchange session, General Dynamics' shares settled at $265.53, down $9.27 or 3.3 percent.
Zawya
03-03-2025
- Business
- Zawya
ExecuJet Haite Daxing facility receives CAAC Part 145 approval
The Civil Aviation Administration of China (CAAC) has granted Part 145 maintenance approval to ExecuJet Haite's Beijing Daxing facility. The approval resulted from the cooperation of the CAAC Northern Region and CAAC Daxing offices and the efforts of all the staff at ExecuJet Haite who have been focused on and worked diligently towards this objective. This CAAC Part 145 approval covers line and base maintenance on Embraer, Dassault Falcon, Gulfstream and Bombardier aircraft types. ExecuJet Haite's MRO facility in nearby Tianjin is a Gulfstream Authorized Warranty Facility as well as Dassault and Embraer Approved Service Centres (ASC). In addition, the Tianjin facility is a Part 145 maintenance organization approved for all the above-mentioned aircraft types, and now the CAAC has granted similar approvals for ExecuJet Haite's new MRO facility at Beijing Daxing International Airport. With the large team of OEM factory trained engineers as well as the ground support equipment and tools, ExecuJet Haite is committed to delivering the same exceptional client service for which it is already renowned in Tianjin. Paul Desgrosseilliers, General Manager of ExecuJet Haite, says: 'Receiving the CAAC approval for our Daxing facility is a significant milestone for ExecuJet Haite, allowing us to expand our support and better meet the needs of operators throughout the entire region in a world-class maintenance facility located at Beijing Daxing International Airport.' ExecuJet Haite's new MRO facility at Daxing is 5,000m2 and includes a large-scale, air conditioned and heated hangar as well as ultra-modern office space and back shops. The hangar can accommodate eight mid-size to large business jets simultaneously. Beijing Daxing International Airport is the newest international gateway to China and the region. The airport's recent investment into business aviation includes an area of over 300,000m2 for business aviation including FBO, business aviation MRO and parking ramp and hangars, making it Asia Pacific's largest business aviation center. About ExecuJet Haite Aviation Services China Founded in December 2010, ExecuJet Haite Aviation Services China Co., Ltd., is a full-service sophisticated business jet facility located at Binhai International Airport in Tianjin, China and recently added a second location at Beijing Daxing International Airport. ExecuJet Haite is a wholly owned subsidiary of the Haite Group, a Sichuan based company for more than 30 years across a wide spectrum of aviation related businesses. ExecuJet Haite offers line and base maintenance support on multiple Gulfstream (AWF), Dassault Falcons (ASC), Embraer Executive Jets (ASC), and Bombardier models as well as line support for the Boeing business jet. The company offers operators a full suite of services, including aircraft-on-ground (AOG) support throughout Asia, airframe line and heavy-base inspections, structure and composite repair, avionics modifications and installations, full aircraft painting, interior repair, and component repair which includes a full battery shop. ExecuJet Haite Aviation Services operates as a franchise of ExecuJet MRO Services, combining local expertise with international standards in aviation maintenance and support. By aligning with ExecuJet MRO Services, known for its commitment to quality and reliability, ExecuJet Haite enhances its operational capabilities and ensures clients receive top-tier service backed by a globally recognized brand. This franchise arrangement not only fosters growth for both entities but also elevates the overall aviation service experience for customers. Further information: Media Contact: ExecuJet Haite Jack He
