Veling Tayara, a new business jet leasing firm led by former Embraer Executive Jets president Ernie Edwards, was launched yesterday at EBACE 2014. The Dubai-based company is a subsidiary of airliner lessor Veling, which counts Emirates and Sri Lankan Airlines among its clients. Veling Tayara (the latter word meaning “aircraft” in Arabic) is focusing on five-year leases for young (three years old or newer) pre-owned and new midsize to large-cabin jets. It is targeting clients in the Middle East, Asia, Africa and former Soviet blocs, though it will also provide leases in other regions.
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.
Stating that he believes the worst years of the global economic downturn are over, EBAA CEO Fabio Gamba kicked off EBACE yesterday with “confidence that 2014 is going to be, if not a defining moment, certainly a positive and exciting one.”
“The European business aviation market recovery is lagging that of the U.S. market by 12 to 18 months,” Chad Anderson, president of business jet broker Jetcraft, told AIN today at EBACE. “Many European operators are rightsizing their fleets, which makes this a stronger recovery. However, there is still a lot of price fragility in the pre-owned business jet market.”
Asked about Aerion’s redesigned supersonic business jet announced this week at EBACE, Gulfstream Aerospace president Larry Flynn said, “I think everyone knows Gulfstream has had an interest in supersonic and we have a small research and development project that has been under way for several years. The project is mostly focused on suppressing the sonic boom. Our intentions would be to fly a supersonic airplane over land.
Nextant Aerospace is currently busy developing the G90XT, which applies the company’s remanufacturing concept to the Beechcraft King Air C90. Key changes include General Electric H75 engines, Garmin G1000 avionics, cabin upgrades and aerodynamic modifications.
Air charter operator VistaJet, which has a fixed-wing fleet of large-cabin Bombardier jets, has been “testing” short-distance point-to-point service with an AgustaWestland AW109 GrandNew over the past year. The helicopter is based in St. Moritz and has been used to fly customers on short hops to such places as Milan, Geneva, Munich and Monte Carlo, as well as for heli-skiing excursions in the Swiss Alps.
Veling Tayara, a new business jet leasing firm led by former Embraer Executive Jets president Ernie Edwards, was launched yesterday at EBACE. The Dubai-based company is a subsidiary of airliner lessor Veling, which counts Emirates and Sri Lankan Airlines among its clients.
Veling Tayara (the latter word meaning “aircraft” in Arabic) is focusing on five-year leases for young (three years old or newer) pre-owned and new midsize to large-cabin jets. It is targeting clients in the Middle East, Asia, Africa and former Soviet blocs, though it will also provide leases in other regions.
Launched in May 2012, the African Business Aviation Association has already come a long way in the two years since its inception. The organization arrives at EBACE (Booth 5542) having accomplished recent important milestones. It has also gained considerable traction in its mission to “promote the understanding and benefits that business aviation provides for the continent’s economic development and prosperity,” and to push for the environment that will allow business aviation to flourish.
London Executive Aviation (LEA) has become the latest European business aircraft operator to join a group after predictions in recent years that consolidation would be necessary for survival in an increasingly competitive marketplace. The company has signed a deal with Luxaviation, of Luxembourg, “cementing Luxaviation’s position as one of Europe’s largest business aviation groups,” according to LEA. The deal was completed on 7 May having been signed on 7 April.
CAE is preparing to open a fourth training center for Embraer’s Phenom light jets later this year. According to Carlos Mallaco, vice president for Customer Support & Services with Embraer Executive Jets, the additional training capacity will likely be added in the U.S. through the long-established Embraer CAE Training Services (ECTS) joint venture. Phenom pilots already have three ECTS facilities at their disposal in Dallas, Texas; Burgess Hill in the UK; and São Paulo in Brazil.