Flexjet and Qatar Executive quickly lined up to be the launch customers for the new Gulfstream G500, which was revealed this morning alongside its larger G600 sibling during a ceremony at the aircraft manufacturer’s Savannah, Ga. headquarters. Qatar signed a memorandum of understanding today for up to 20 Gulfstreams, while Flexjet placed an order for 50 aircraft, including options.
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.
“We expect little change to the prevailing business jet narrative, which is that demand has stabilized but with only muted signs of recovery,” J.P. Morgan said in its latest monthly business jet report, released yesterday. “Business jet demand has not recovered with corporate profits, as it has previously. 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,”
Business aviation in Jordan continues to grow at a modest rate, according to new research commissioned by the Middle East and North Africa Business Aviation Association (MEBAA) ahead of the group’s conference today in the Jordanian capital. The research, conducted by Germany-based WingX Advance, showed that while there has been almost no growth in the number of active and registered business jets in Jordan since 2000, the number of operators in the country has increased at an annual rate of 2.7 percent.
Embraer delivered the first Legacy 500 on Friday, less than two months after the fly-by-wire midsize jet obtained certification from Brazilian civil aviation authority ANAC. The launch customer, an unidentified Brazilian company, accepted the aircraft during a ceremony at Embraer headquarters in São José dos Campos, Brazil.
NBAA’s two-day Tax, Regulatory and Risk-management Conference starts on Sunday in Orlando, Fla., ahead of the association’s annual convention there. On the conference agenda are sessions on ownership and operating structures, tax planning, financing, leasing, personal use of business aircraft, use policies and aircraft transactions. According to NBAA, the conference is geared for flight department personnel, aviation attorneys and financial advisors.
Donated auction items are piling up for the NBAA/Corporate Angel Network Soirée, which will be held at the Hyatt Regency in Orlando, Fla., next Wednesday evening during the NBAA Convention.
Nextant Aerospace made the first UK delivery of its 400XTi remanufactured jet on October 13. The aircraft, which is the seventh to go to a European operator, will be flown by Norwich-based charter group SaxonAir. According to Nextant, the 400XTis operating in the European charter market are logging more than 80 to 90 hours per month each. “The 400XTi’s range allows our customers direct travel anywhere in Europe for considerably less than any other light jet and without sacrificing performance and comfort,” said SaxonAir commercial director Chris Mace.
Business aircraft activity in the U.S. increased for the 10th straight month, climbing 3.9 percent last month versus a year ago, making it the busiest September for business aviation since the same month in2008, according to data released today by aviation services company Argus. For this month, Argus estimates that flying will increase by 0.9 percent year-over-year.
The world’s longest-range business jet–the Gulfstream G650ER–was certified this week by the FAA, the Savannah, Ga.-based aircraft manufacturer announced yesterday. Gulfstream Aerospace revealed the 7,500-nm business jet in May at EBACE and expects to deliver the first fully outfitted G650ERs to customers by year-end, a few months ahead of previous delivery date projections.
Embraer Executive Jets broke ground today on an expansion project at its Melbourne (Fla.) International Airport campus that will allow Legacy 450/500 assembly to begin there in the second half of 2016. The company plans to deliver at least one Legacy 500 from the facility in 2016 and has a planned production capacity of six per month. The aircraft manufacturer has assembled and delivered nearly 80 Phenom 100s and 300s from the Florida facility since 2012.