Several business aircraft maintenance providers are among the 75 companies set to exhibit at the JetExpo show, which opens at Moscow Vnukovo Airport on September 4. The ninth staging of the annual event runs through September 4 and has once again drawn all leading business aircraft manufacturers despite rising political tensions over the worsening military standoff in eastern Ukraine. Among the maintenance specialists exhibiting at JetExpo are Denmark’s Air Service Vamdrup, Jet Aviation, ABS Jets from the Czech Republic and Vnukovo-based VTS Jets.
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.
The ninth annual JetExpo business aviation show is set to open on Thursday at Moscow Vnukovo Airport. According to organizers, the three-day event (September 4 to 6) will draw around 75 exhibiting companies and up to 8,000 visitors. No details of the planned static display were available as of press time, but 30 aircraft are expected to be on show–a reduction from the 40 that participated in the 2013 event.
Dubai-based Private Jet Charter (PJC) said use of business jets by executives in the Middle East is making a comeback, marking a complete turnaround from the prevailing trend five years ago when most corporations had curtailed such expenditure in response to the global financial crisis.
While CEOs in the Middle East predominantly use corporate jets for business travel to cover the larger geographical areas in the region, they are also starting to fly them more for leisure purposes.
The typical summer slowdown that the used market has become accustomed to seems to have taken a summer vacation. While worldwide inventory has ticked up slightly in response to seasonal variances, the inventory of 2000 and newer jets fell during the past couple of months. As the fleet has aged, the broader number of aircraft for sale has to be looked at closely. Consider that aircraft that are 25 years old or older account for more than one third of the market currently for sale, and these aircraft are often lumped in to the total figure to define the health of the market.
NBAA released the 2014 edition of its Light Business Airplane Buyer’s Guide today. First published in 2009, the guide provides an overview of new light business airplanes currently in production for business people who rely on or are looking to invest in light airplanes.
NBAA is challenging the IRS’s position that the 7.5-percent ticket tax applies to Part 91 operations where the aircraft owner retains a management company. It has taken the dispute to the IRS itself, as well as the Treasury Department and Congress, saying these aircraft owners “simply hired a management company to provide certain support services” and shouldn’t be viewed as commercial operations subject to the ticket tax.
Attendance at LABACE, which was held earlier this month in São Paulo, Brazil, came in at 11,681 visitors, according to organizer Associação Brasileira de Aviação Geral (Abag), Brazil’s business and general aviation association. This figure is down about 2,000 from last year’s show and more than 4,000 shy of initial estimates. With a reconfigured venue at São Paulo Congonhas Airport, LABACE 2014 hosted more than 100 exhibitors and a static park displaying nearly 70 aircraft, ranging from light piston singles to ultra-long-range business jets.
Following a “tepid” first quarter, business aviation flying made a strong comeback in the second quarter, according to business aircraft hourly-cost maintenance provider JSSI. The company’s business aviation index for the second quarter shows that global business aviation flight activity ramped up by 8 percent quarter-over-quarter and 3 percent from a year ago.
Pilatus Aircraft has signed a 10-year agreement with Tata Aircraft Systems Ltd. (TASL) for assembly of PC-12 aerostructures at TASL’s facility in Hyderabad, India. Under the deal, TASL will deliver the first complete PC-12 NG structure in the second half of 2016. The project includes tooling, jigs and training of TASL’s personnel at Pilatus facilities in Switzerland.
Second-quarter business jet deliveries climbed by 30 percent in North America, but this gain was more than offset by deficits in the rest of the world, according to data released yesterday by UBS Global Research. Global business jet shipments, excluding very light jets, fell 1 percent during the quarter, dragged down by losses in other world regions: -50 percent in Asia-Pacific outside China/India, -39 percent in China/India, -23 percent in Western Europe and -21 percent in emerging countries in Europe, the Middle East and Asia.