NEWS
handful of U.S. companies to have received certification from the Mexican DGAC. With 30 years under its operational belt, SoCal Jets
now looks to the future – with ambitious and aggressive plans to take the business to the next level. Powered by a high level of excellence, expertise and enthusiasm from everyone throughout the operation, Roig and SoCal Jets are confident that this goal will be achieved. “We’re always looking to add new people with exceptional passion and experience to the SoCal Jets team,” says Roig. “We’ve come a long way in 30 years, but we envision even greater growth over the next several decades. Of course, we would be nothing without our customers and our own people, and we never lose sight of what has made us successful. It’s this blend of grounded humility and aggressive confidence that allows us to stand out in our industry, and will empower us to soar to new heights in the years to come.” For more information, visit
www.socaljets.aero.
MIKE MARIE JOINS THE SANDEL TEAM Sandel Avionics, Inc., a manufacturer of advanced avionics for aircraft retrofits, announces it has hired Mike Marie as its North American sales representative. Mike brings with him nearly 30 years of experience in the aviation industry. “I’ve worked with Mike for many years in his different
roles,” says Jerry Henry, director of sales for Sandel Avionics. “He has extensive knowledge of avionics sales and a solid reputation in the industry. It was an easy decision to bring Mike onboard with our growing sales team.” “I am very excited to be part of the Sandel sales team,”
says Mike Marie. “Sandel has a great reputation for innovative and quality products, which I’m looking forward to representing.” The past 14 years of Mike’s career have been focused
in avionics with companies such as Ryan International, Avidyne, and DAC International. For Sandel, he will be responsible for North American Sales, working with clients and dealers. For more information, visit
www.sandel.com.
AEROSPACE SUPPLIERS RAMPING UP TO MEET SURGING ORDERS, SAYS GE CAPITAL
The aerospace supply industry is still in the early days of a long-term boom in orders, say industry participants at a recent suppliers summit hosted by GE Capital at GE Aviation’s headquarters in Cincinnati, OH. The large majority of participants, who were split about evenly in serving wide-body and narrow-body commercial aircraft platforms said they plan to increase their workforce over the next 12 months (84%), expect to win new long-term supply agreements in the next three years (91%), and expect aircraft deliveries to continue to grow at least through 2016 (76%).
“We are in the midst of a ‘super-cycle’ of aerospace
manufacturing,” says Gib Bosworth, managing director of aerospace financing at GE Capital, Corporate Finance. “Advanced manufacturing practices will play a very important role in how these parts and components are made, so we at GE see a valuable role we can play in helping these suppliers stay on top of this manufacturing technology curve as well as have the capital they need to build production capacity.” “Today, additive manufacturing is only .02 percent of total global manufacturing, so there is a lot of opportunity going forward,” said Greg Morris, leader of additive technologies for GE Aviation. “I think it’s great that the majority of the survey respondents are already incorporating this technology or plan to in the near future and I expect that number will continue to rise.” When asked about their manufacturing future, 87% said
they will be investing in new manufacturing equipment over the next 3 years. Regarding incorporating additive manufacturing, 27percent are already doing it, 10 percent expect it to happen within the next year and 37 percent expect it in the next one to five years. M&A activity is expected to be very robust over the next 12-24 months, with 92 percent of respondents said they expect it to increase. “The response makes sense. Record high backlogs for commercial aircraft give buyers an unprecedented level of visibility,” says Yair Reiner, aerospace and government services analyst with GE Antares Capital, a leading provider of M&A financing to private equity-backed middle market companies. “Plane makers want suppliers to become both stronger and leaner, which encourages and rewards consolidation. And defense spending, a significant thorn for the industry in recent years, is showing signs of stabilizing.” GE Capital’s survey was conducted on October 28, 2014 at the company’s Commercial Aerospace Leadership Forum, held at the GE Aviation Learning Center in Cincinnati, OH. The 80 respondents were suppliers and manufacturers to the aerospace industry, and private equity professionals active in the aerospace industry. GE Capital, Corporate Finance has provided aerospace
suppliers and parts manufacturers with working capital and equipment loans for 25 years. GE Antares Capital formed a dedicated aerospace industry vertical in 2014 to better serve private equity clients who are actively involved in the industry.
Does your company have news it would like to share with D.O.M. magazine readers? Send your news to D.O.M. magazine editorial director Joe Escobar at
jescobar@DOMmagazine.com.
11.12 2014
62
DOMmagazine
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68