The National Aircraft Resale Association (NARA) rolled out its new Value+ program, which provides exclusive discounts and special offers to clients of NARA-certified brokers and dealers.
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.
Honda Aircraft president and CEO Dr. Michimasa Fujino will be honored with the SAE International Clarence L. (Kelly) Johnson Aerospace Vehicle Design and Development Award next month at the SAE 2015 AeroTech Congress & Exposition in Seattle.
Gulfstream Aerospace launched a new iOS app that allows customers to peruse the company’s pre-owned aircraft inventory on an iPad or iPhone. The Gulfstream Pre-owned Aircraft Sales app offers real-time inventory listings with interior and exterior photographs; detailed aircraft information, including flight hours and landings; the aircraft’s entry-into-service date; and pricing. Push notifications alert customers when a listing changes status.
Just five months after celebrating the delivery of its first new-build Eclipse 550 light jet, Eclipse Aerospace laid off a “substantial” number of employees at its Albuquerque, N.M. headquarters and facilities in Chicago and Charleston, S.C., citing slow sales for its very light jet.
Business jet demand has not recovered in line with corporate profits as it has in the past. J.P. Morgan aerospace analyst Joseph Nadol III attributes the sluggishness to “the stigma attached to bizjets during the recent recession and a focus on cost cutting among corporate customers. We estimate that 2013 U.S. corporate profits were up about 50 percent from the 2008 trough, whereas bizjet deliveries have yet to turn up decisively.”
The crisis in Ukraine “undermined” business aircraft flying in Europe last month, with European flights to the CIS down 24 percent and East-West European connections down by 15 percent, according to the latest data from business aviation research and consulting firm WingX Advance. Overall, there were 68,048 business aviation flight departures in Europe last month, a 2.7-percent year-over-year decline, with July 11 percent below its 2008 peak and the least active July on record since 2005. Year to date, activity in the region is 0.7 percent below the 2013 trend.
Brazilian Socialist Party presidential candidate Eduardo Campos was among seven people killed aboard a Cessna Citation XLS+ that crashed around 10 a.m. yesterday while trying to land at Guaruja military air base, near the city of Santos. The Santos fire department confirmed that 11 people on the ground were injured when the aircraft crashed into the Boqueirão residential area, damaging five properties. The twinjet was destroyed by impact and a post-crash fire.
Honda Aircraft today named Banyan Air Service of Fort Lauderdale, Fla., as the new HondaJet dealer for the Southeast U.S. The appointment replaces Tallahassee, Fla.-based Flightline Group, which was originally selected as the HondaJet dealer for this region in 2006. Banyan, based at Fort Lauderdale Executive Airport, will provide HondaJet sales and service for Florida, Georgia, Alabama, Mississippi, Louisiana, Arkansas, Tennessee and South Carolina.
Textron Aviation is now offering the ProAdvantage product support program for Beechcraft King Airs, the company announced yesterday at LABACE 2014. ProAdvantage, previously available only for Cessna Citation customers, offers programs that provide life-cycle maintenance and parts support for airframes and avionics, engines and auxiliary power units. ProAdvantage includes ProParts, ProTech and ProPropeller. ProParts, the “cornerstone” of this package, provides coverage for maintenance and parts such as wheels and tires, avionics, brakes, motors, actuators, gauges and light bulbs.
The Latin America and Caribbean (LAC) region is home to more than 5,000 business aircraft–2,457 jets 2,588 turboprops–according to current data from aviation data services firm JetNet. This represents 14.8 percent of the world’s fixed-wing business turbine fleet, despite the region’s 6.6-percent share of world gross domestic product (GDP).