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P&WC, BofA Merrill sign
joint marketing deal
Pratt & Whitney Canada (P&WC) and Bank of America Merrill Lynch
(BofA Merrill) have signed a joint-marketing agreement offering
preferential financing to new aircraft owners who finance their aircraft
through BofA Merrill and sign up for P&WC’s Eagle Service Plan (ESP)
The companies made the announcement at the NBAA convention. “Our
ESP program allows our clients to pay for the ongoing maintenance of their
aircraft engines on a pay-by-the-hour basis, giving them comprehensive
maintenance with full cost predictability,” says Greg Miller, P&WC’s ESP
product manager – global sales. Through the agreement, “BofA Merrill is
endorsing P&WC’s belief that an aircraft with engines enrolled in our ESP
programme – and thereby maintained by P&WC’s global service network
under our maintenance guidelines and procedures – retains its value longer
and provides for higher resale valuation,” he adds.
“We are constantly looking for ways to make it easier for our clients to
acquire aircraft with beneficial financing terms,” says Michael Amalfitano,
managing director and executive head of global corporate aircraft finance
at BofA Merrill. “Pratt & Whitney Canada’s ESP program has proven
popular with thousands of its clients. We are pleased to add Pratt &
Whitney Canada to our line up of ... preferred service providers, especially
with how well its global reach aligns with ours.”
ESP offers P&WC engine operators a complete range of maintenance
coverage, depending on the level selected.
Honda Aircraft to build
new US MRO facility
include heavy maintenance, including extensive repair or overhaul work.
“ We intend to offer HondaJet customers an overall ownership experience that
is second to none in business aviation and one that is commensurate with all the
best attributes of Honda,” says Michimasa Fujino, president and chief executive
of Honda Aircraft Company. The selection of North Carolina also underscores
Honda’s continued, significant investment in the HondaJet programme and its
commitment to the Piedmont Triad region of North Carolina .
The new MRO site will expand Honda Aircraft’s existing presence at the
Greensboro Piedmont Triad Airport (PTI). The facility will be an expansion of
the company’s World Headquarters campus, where its state-of-the-art research
and development, manufacturing and headquarters buildings today cover more
than 500,000 square feet on approximately 80 acres of land.
Honda Aircraft has leased 54 additional acres at PTI Airport for future
expansion. The new MRO facility will make use of 20 of these acres. With
current and future expansion, Honda Aircraft is leasing more than 130 acres
at PTI Airport.
Design of the MRO facility, which is expected to encompass more than
80,000 square feet, will be finalized in the first quarter of 2012, with construction
scheduled to begin in the second quarter and occupancy in the first half of
2013. The timing is aimed at supporting the HondaJet’s scheduled certification
and entry into ser vice in mid-2013.
The HondaJet, Honda’s first ever commercial aircraft, is powered by two GE
Honda HF120 turbofan engines and is equipped with a customized Garmin
G3000 next-generation all-glass avionics system with three, 14-inch displays and
dual touch-screen controllers. The aircraft is priced at about US$4.5 million.
Honda Aircraft, the aerospace subsidiary of Japanese automaker Honda
Motor, announced at the NBAA conference that it has selected Greensboro,
North Carolina , as the location for its new HondaJet maintenance, repair
and overhaul (MRO) facility.
The company will invest an additional US$20 million to build the new
facility, bringing the total investment for construction of its North Carolina
site to more than US$120 million.
Honda’s MRO facility will provide ser vices for owners of the manufacturer’s
HondaJet small business jet, complementing support they receive from the
HondaJet dealer network in North America and Europe. The ser vices will
The HondaJet is powered by two GE Honda HF120 turbofan engines.
28/10/11 8:26 PM
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