“There is a fundamental difference between the FAA and Department of Transportation Inspector General about non-citizen trust [NCT] aircraft registrations,” FAA deputy chief counsel Marc Warren told attendees this morning at the NBAA business aircraft finance, registration and legal conference in St. Petersburg, Fla. Last Friday, the DOT IG issued a memo that said the FAA still does “not have the information it needs on numerous aircraft owned under non-U.S.
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.
A slew of business aircraft will be on static display next week at the biennial Singapore Airshow, which will be held at its usual venue adjacent to Changi International Airport. The list includes the Beechcraft King Air 250 and 350i; Bombardier Global 6000 and Challenger 605; Cessna Caravan and Citation Sovereign+; Dassault Falcon 7X; Gulfstream G280 and G650; Piaggio Avanti II; Pilatus PC-12; and Socata TBM850.
Boeing Business Jets announced yesterday that it made the first two BBJ 787-8 deliveries of 2014 over the past week to separate undisclosed customers. These aircraft mark the second and third BBJ 787s delivered to date, after the first one was handed over to a customer in December. Like all BBJs, the airplanes were delivered green and are undergoing completion at third-party outfitting centers.
Wheels Up has raised an additional $10 million in equity capital in response to what founder and CEO Kenny Dichter describes as strong demand from investors wanting a stake in the new private aviation membership program. Initially, the New York-based company had aimed to raise around $55 million by the end of last year.
Along with the ample opportunities to network and meet with current and potential vendors, attendees at last month’s NBAA Schedulers and Dispatchers Conference had a slate of educational sessions led by industry experts to choose from, in this year’s case 29 in all, and among the offerings were several safety and emergency-themed seminars.
Though the Super Bowl is typically counted on as a magnet for private aircraft, this year’s turnout at New York City-area airports proved in many cases to be disappointing. Teterboro (N.J.) Airport, which was expecting a sellout, still had space available on game day, with some FBOs there receiving traffic that was just half to one-third of their aircraft reservations. Westchester County Airport in White Plains, N.Y., which had expected to receive overflow traffic, reported only 14 late-night departures after the game.
Bombardier Aerospace booked a firm order for eight Globals–three Global 6000s, two 7000s and three 8000s–from an undisclosed customer on Friday. The transaction is valued at approximately $537 million based on 2014 list prices. “We are confident that the Global line’s strong momentum will continue in 2014,” said Bombardier Business Aircraft president Eric Martel.
A busy year for upheaval in the fractional ownership and closed-fleet private aviation sectors reached a crescendo in December when Flight Options parent company Directional Aviation Capital completed its $185 million acquisition of Bombardier’s Flexjet program.
The worldwide supply of used aircraft is revisiting a level not seen in more than five years, despite a growing business jet population that saw nearly 4,000 enter service during that period. The U.S. claimed nearly half of those new aircraft deliveries, followed by Europe and Asia, South America and Africa and Australia. One might speculate that if a buyer is purchasing a business jet in a down economy there must be an excellent reason for the investment, and perhaps this is why only 200 of those delivered during this period have made their way onto the used market.