Aerospace & Defense News - Technology North America.


New York (AirGuideBusiness - Aerospace & Defense News - Technology North America) Feb 3, 2013

The future is uncertain for aviation in 2012 Scott Hamilton, managing director of an aviation consulting company, says 2013 is a tough year to predict for the airline industry. "About the only thing aviation industry insiders are clear on heading into 2013 is that there are very few sure bets to be had," he writes. However, he does focus on 10 stories to follow this year. Feb 2, 2013

Algae.Tec plans $200M bond sale to fund expansion Australia-based algal oil producer Algae.Tec is planning a sale of up to $200 million in bonds in Europe to finance development of new production facilities in Texas and Brazil. Algae.Tec plans to begin the bond sale next month and finish it by the middle of the year, said Chairman Roger Stroud. Feasibility studies for the plants in Texas and Brazil are due for completion this month, Stroud said. Jan 31, 2013

Congress OKs extension of wind-energy tax incentive The House of Representatives voted to adopt the Senate's budget plan to avoid the "fiscal cliff," which includes an extension of the wind-energy Production Tax Credit for any project that starts construction in 2013. The American Wind Energy Association said that reflects the 18 to 24 months it can take to construct a project. The measure awaits the signature of President Barack Obama. Jan 31, 2013

FAA approves installation of Garmin avionics on Piper turboprops The Federal Aviation Administration granted a supplemental type certificate to Phoenix-based Cutter Aviation to retrofit Piper Meridian six-seat turboprop aircraft with Garmin G950 custom glass cockpit panel packages. The retrofit makes it possible for Piper owners to upgrade their aircraft to meet the newest requirements for NextGen airspace. "Piper Meridian owners have been asking for a fully integrated avionics upgrade for their aircraft, and we are pleased to now offer them such a package," said Will Cutter, president and CEO of Cutter Aviation. Jan 31, 2013

Private space travel will continue to make progress in 2013 as three major companies are likely to bid for NASA contracts, this feature says. Space Exploration Technologies has scheduled a cargo flight for its Dragon capsule to the International Space Station in May. Boeing and Sierra Nevada Corp. are also designing space capsules. Students at David...

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