The 14th annual European Business Aviation Convention & Exhibition (EBACE), to be staged once again at its established home at Switzerland’s Geneva International Airport (May 20 to 22), is on track for further growth. The event, which is second in stature only to NBAA’s annual convention in the U.S., is set to draw more than 320 exhibitors (up from 294 last year), and with only half of these companies hailing from Europe the show will once again have a distinctly global dimension, drawing participants from the newer markets of Africa, the Middle East and Asia, as well as the Americas.
News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine powered airplanes and helicopters. Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.
ExecuJet Aviation Group’s Middle East joint venture with Saudi Arabia’s NasJet at the private aviation terminal at King Khalid International Airport, Riyadh, which opened less than a year ago, is benefitting from robust levels of business in the Saudi capital, and is likely to continue to see higher levels of aircraft movements than regional hub Dubai, a company official said last month at MEBAC in Riyadh.
The Saudi market accounts for almost half of the 550 business jets in the Gulf Cooperation Council (GCC) region and is growing at 10 percent a year, the head of a leading Saudi Arabian aviation company said in Riyadh at last month’s Middle East Business Aviation Conference.
Saudi Arabia saw almost 30,000 business jet movements last year, including 10,737 in Riyadh, 9,740 at Dammam and 9,392 in Jeddah (a total of 29,869 movements), according to data compiled by WingX for the Middle East Business Aviation Association (MEBAA) show. Boeing has the strongest OEM presence in the kingdom, with 38 aircraft in 10 Middle East countries; since 2000, Airbus has sold 13 new aircraft in the region, Embraer eight and Bombardier five.
European Aviation Safety Agency (EASA) standards will predominate in the UAE’s efforts to develop a workable framework for the oversight of business aviation, which it hopes will serve as a model for the rest of the region, a UAE aviation safety official said last month at the Middle East Business Aviation Conference in Riyadh.
One set of rules currently governs all types of aviation in the UAE, but business aviation sometimes presents a special case and must comply with rules that are not necessarily applicable to it.
The business jet industry continued to build on its delivery momentum from last year, according to first-quarter delivery statistics released today by the General Aviation Manufacturers Association (GAMA). OEMs handed over 154 business jets worldwide in the first three months, a 19.4-percent increase over the 129 delivered in the first quarter of last year.
Bombardier Aerospace’s first-quarter revenues declined year-over-year by 8.6 percent, to $2.1 billion, the Canadian aircraft manufacturer reported today. Bombardier executives attributed the lower quarterly revenue in part to the sale of its Flexjet fractional ownership business last year and lower sales of pre-owned aircraft. Meanwhile, its order backlog for both commercial and business aircraft grew to a record $38.5 billion, 40 percent of which is for aircraft under development.
First-quarter revenues at Textron Aviation, which includes Cessna and Beechcraft, were up $77 million, to $785 million, thanks to the mid-March acquisition of Beechcraft, higher jet deliveries and higher aftermarket sales but offset by fewer pre-owned sales and falling revenue at CitationAir. The division recorded a profit of $14 million in the quarter versus a loss of $8 million a year ago, helped by firmer pricing and higher jet volumes.
Embraer’s revenues in the quarter rose by $157 million, to $1.242 billion, while profits climbed from $30 million in the first quarter of 2013 to $110.6 million in the same period this year. At its Executive Jets division, first-quarter revenue soared to $267.4 million, up from $175.3 million a year ago. Embraer delivered 20 executive jets (17 light and three large) in the quarter, compared with 12 (eight light, four large) in the same period last year.