Category Archives: Aviation industry suppliers

Wichita Manufacturers Association announces scholarship winners

The Wichita Manufacturers Association awarded 19 scholarships for 2014.

Sixteen companies that are members of the association provided funds for a named scholarship, two scholarships were provided by the association’s scholarship fund, comprised of member donations. And one scholarship is funded by the Wichita Area Technical College.

The winners are Jacob Dold, Bao Pham, Austin Towne, Brianne McNutt, Tanner Harpool, Jose Cisneros, Taylor Price, Arlene Raymundo, Nathan Ruzzin, Michelle Wheeler, Katherine Marceau, Henry Ramirez, Kyle Offutt, Phillip Osu, Talon Wanless, Conner Garoung, Maggie Koops, Colin Phillips and Ryan Wolfe.

They won $1,000 scholarships.

Wichita Manufacturers Association has more than 150 members, made up of managers and owners of manufacturing companies in Wichita and Sedgwick County.

The objective is to promote the general welfare of manufacturers, to educate the public about manufacturing companies and their products, to acquaint members with one another and their products and operations, to attract, advise and assist other manufacturers who may want to locate in the Wichita area, and to support educational opportunities and activities that promote and develop better manufacturing interests, methods and employees.

Spirit AeroSystems CEO receives pay, incentive raise

Spirit AeroSystems’ board of directors has increased the compensation of Larry Lawson, the company’s CEO and president.

The board raised Lawson’s annual base salary from $1 million to $1.05 million.

In addition, Lawson will be entitled to receive an award under Spirit’s Long Term Incentive Plan for 2014 and 2015 with a value equal to 435 percent of his annual base salary.

That’s an increase from 400 percent.

The change was listed in a filing with the Securities and Exchange Commission on Monday.

On Thursday, Spirit, Wichita’s largest private employer, recorded a net loss of $587 million in the fourth quarter of 2013, in part because of additional charges on the Boeing 787 Dreamliner program.

That compares to a profit of $61 million for the same time a year ago.

Spirit took a total of $546 million in pretax charges during the fourth quarter on a variety of programs.

For the year, Spirit recorded a loss of $621 million, compared to a profit of $35 million in 2012. Revenue for 2013 increased 10 percent to $6 billion.

For 2014, Spirit is forecasting revenue of $6.5 billion to $6.7 billion, based on Boeing’s 2014 delivery guidance of 715 to 725 commercial airplanes. Airbus is expected to deliver similar levels.

Yingling Aviation modifying King Air for EagleMed medical flights

Yingling Aviation in Wichita is in the midst of converting a Beechcraft King Air B200 for critical care emergency medical flights for EagleMed.

It’s Wichita-based EagleMed’s 16th King Air dedicated for air medical transport.

Yingling is removing the executive interior and installing air ambulance advanced life support systems approved for medical operations, according to EagleMed.

Workers are also installing a new forward cabinet for medical supplies, an aft cabinet for stretcher storage and supplies, side-facing passenger seats, LED lighting, a tracking system and a custom designed cabin intercom system.

The plane will be delivered later this month.

The pressurized turboprop is capable of flying in instrument conditions at a speed of 265 nautical miles per hour and has a range of about 800 miles round trip.

 

NBAA surveys mean donation for cancer research by GlobalParts.aero

GlobalParts.aero, an Augusta-based provider of aftermarket parts and services, has made a donation to combat cancer based on the number of people who visited its exhibit and filled out surveys at the National Business Aviation Association’s convention in October.

The survey was focused on GlobalParts.aero parts distribution and build-to-print manufacturing capabilities.

The company made a donation for each completed survey.

The donation, which totaled $12,800, was given to the Edith Sanford Breast Cancer Foundation.

It’s a cause that hits close to home, said Malissa Nesmith, GlobalParts.aero chief operating officer. A member of the company’s family has been affected by cancer.

The mission of the Edith Sanford Breast Cancer Foundation is to unlock each woman’s genetic code, advance prevention and treatment and end breast cancer for future generations.

GlobalParts.aero, founded in 2003, serves the aviation spares and parts distribution market and operates a repair station and manufacturing service.

EagleMed adds new helicopter to modernize fleet

EagleMed will take delivery this month of a new Eurocopter AS350 AStar helicopter outfitted with advanced technology and the latest medical equipment, the company said.

Metro Aviation in Shreveport, La., configured the interior, which includes a transfill oxygen system, medical inverter system and flip-up seats.

It is also equipped with night vision and digital autopilot.

A spokesman for the company declined to say where the helicopter will be based.

EagleMed, based in Wichita, is an air medical transport operation with more than 30 locations in 10 states.

It operates 15 medically equipped Eurocopter AS350 helicopters, 15 Beechcraft King Airs and six ground ambulances. It employs more than 400.

Lycoming executive Michael Kraft to speak at Wednesday’s Wichita Aero Club luncheon

Michael Kraft, senior vice president and general manager with aircraft engine manufacturer Lycoming, will be the keynote speaker at Wednesday’s Wichita Aero Club luncheon.

Kraft was formerly vice president of research, development and engineering at Lycoming, and led a team that accelerated product development.

He holds bachelor and master degrees in aeronautics and aerospace from the Massachusetts Institute of Technology.

The luncheon will be held from 11:45 a.m. to 1:30 p.m. at the Doubletree Hotel by Hilton at Wichita Airport.

For reservations, call 681-4471 or go to www.aeroclub.org.

Bombardier Business Aircraft chooses Montreal agency as agency-of-record

Bombardier Business Aircraft has chosen Montreal-based Sid Lee agency as its agency-of-record for its Learjet, Challenger and Global business jet brands, according to Marketing magazine.

Sid Lee will be Bombardier’s first agency-of-record for its business aircraft division, the magazine said.

Wichita’s Greteman Group does project work for the company.

Bombardier decided to unify its marketing behind a single agency two years ago to improve marketing efficiency and consistency across its brands, the magazine said. But the review was put on hold in May 2012 and restarted late last fall.

“Of the agency pitches under review, Sid Lee’s stood out for its long-term focus and multi-touchpoint recommendations,” Bombardier told the magazine.

Airbus CEO takes his first flight on the A350 XWB

Fabrice Bregier (Courtesy Photo)

Airbus president and CEO Fabrice Bregier flew on board the company’s new Airbus A350 XWB for the first time last week.

The flight was a routine test flight that took place over the southwestern part of France, the company said.

So far, the A350 XWB has completed more than 150 flight test hours out of the 2,500 hours needed to be achieved by five flight test A350s in the next 12 months, the company said.

Spirit AeroSystems, based in Wichita, builds portions of the plane’s fuselage and wings.

 

Spirit AeroSystems new CFO’s employment agreement includes $525,000 salary, incentives and bonuses

Spirit AeroSystems new senior vice president and chief financial officer, Sanjay Kapoor, will earn an annual salary of $525,000, two cash sign-on bonuses totaling $250,000 and two $1 million buyout signing bonus stock awards, according to a filing Monday with the Securities and Exchange Commission.

The company announced last week that Kapoor, 53, a former vice president for Raytheon Integrated Defense Systems, will join the company as senior vice president and chief financial officer. The current CFO, Phil Anderson, will switch positions and lead the company’s defense and contracts.

Kapoor’s job becomes effective September 23.

As vice president of Raytheon’s Integrated Defense Systems division, Kapoor led a team of 4,000 employees and managed “every aspect of that business,” the filing said.

Prior to that position, he was vice president of finance and chief financial officer for the Raytheon division.

Kapoor received a bachelor of technology degree from the Indian Institute of Technology in New Delhi and earned dual master of business administration degree in finance and entrepreneurial management from The Wharton School at the University of Pennsylvania.

His annual salary may be adjusted from time to time based on Kapoor’s and the company’s performance, the filing said.

One of the two restricted stock awards valued at $1 million per award will be subject to a three-year vesting schedule with one-third of the award vesting after each year of service. The other award has a four-year vesting schedule with one-fourth of the award vesting after each year of service.

He also will be eligible for a cash or equity discretionary bonus with a target of 10 percent of his annual salary.

Kapoor’s employment agreement provides short-term and long-term incentives. He will receive an award equal to 100 percent of his base salary if target performance goals are reached and up to 200 percent of his salary if outstanding performance goals are reached. The amount will be depend on Spirit’s achievement of performance objectives, the filing said. Under the plan they could be less, more or equal to the target bonus and “could be zero.”

Kapoor’s employment may be terminated at any time by Spirit or Kapoor “for any reason or no reason, without cause,” the filing said. It may also be terminated by Spirit “for cause.”

 

 

NTSB to hold forum and hearing on 787 battery investigation

The National Transportation Safety Board plans to hold a forum and hearing in April related to the investigation into a battery fire on a Japan Airlines’ Boeing 787 Dreamliner in Boston.

“With the grounding of the 787 fleet, concurrent international incident investigations, redesign and re-certification activities taking place simultaneously, it is essential to provide the aviation community, policy makers and the public with the factual information we are developing,” NTSB chairman Deborah Hersman said in a statement.

The forum, to be held in mid-April, will explore lithium-ion battery technology and transportation safety, the NTSB said. The hearing, to be held later in April, will focus on the design and certification of the 787 battery system.

The information will help the NTSB and the transportation community understand the risks and benefits of lithium batteries.

It also will help the understanding of how manufacturers and regulators evaluate the safety of the new technology, the agency said.

The NTSB released an interm report Thursday along with 499 pages of data related to the investigation.