“We sense an eagerness for a pickup in the long-depressed business jet market, particularly at the lower end, but we continue to observe mixed signals,” JPMorgan Investment Research notes in its latest market report. Despite the conflicting signals, the investment research firm still predicts an 8-percent rise in business jet deliveries this year.
AINalerts » February 21, 2012
The FAA will continue to allow non-U.S. citizen owner trust aircraft registrations, according to a recently released notice of proposed policy. In mid-2010, the agency announced a moratorium on non-citizen trusts, but was persuaded by NBAA and other groups to reverse that decision while the FAA could review the practice and draft a new policy. The FAA also held a public meeting last June to solicit industry input to shape the draft policy. Non-citizen trusts are used by U.S.
A San Bernardino, Calif. Superior Court judge dissolved a temporary restraining order against the San Bernardino Airport Authority on Friday, paving the way for the authority to terminate its fueling contract with SBD Airport Services. SBD is one of several companies operating at the airport with ties to airport developer Scot Spencer and former airport executive director T. Milford Harrison.
Long Beach, Calif.-based aircraft management and charter firm JetFlite International is “adapting to meet the continuing challenges facing aircraft charter.” The company, which also has charter bases in New York and Moscow, said it posted 10-percent growth in charter activity through October before the market “plummeted” in the last quarter. “The second half of 2011 was a tough market,” said JetFlite CEO Bill Cripe, who added that his company is taking “aggressive steps” to stem any further slide. “We are getting more of our people involved in the sales process,” he said.
FlightSafety International and Gulfstream Aerospace celebrated the grand opening of the new Hong Kong Learning Center last week. The facility will initially offer training programs for the Gulfstream G450 and G550 using a new level-D qualified flight simulator and other training devices. The number of training events provided by FlightSafety in the Asia Pacific region to Gulfstream operators increased by 230 percent over the past five years.
With the London Olympics rapidly approaching this summer, the Farnborough Airport-based Aviator Hotel owned by TAG is preparing to welcome sponsors, crew and businesses throughout the Summer Games. While the hotel has already received bookings during the event, there are still vacancies. Working in partnership with the airport, Aviator can also provide a complete “accommodation solution” for crew and visitors by coordinating information about the accommodation requests, aircraft handling and flight schedules, it said.
Flexjet is offering new and existing customers free fuel when they purchase fractional shares from now until April 30. Customers purchasing a one-sixteenth share in a Learjet will receive a credit of 12 hours of free fuel; a similar share in a Challenger earns a 25-hour fuel credit. According to Flexjet, the credit, which includes fuel component adjustments and federal excise taxes, is based on published rates on the day of contract closing and will be applied to the fuel surcharges per hour flown.
After spending last year traveling the globe with world-renowned aviators, Breitling’s first (of 500) Naval Centennial Limited Edition Airwolf timepiece is being auctioned online to benefit the National Flight Academy. The auction will close at 5 p.m. EST on February 29. The first-off-the-line watch was worn by aviators in a global journey that started with Commander Mark Kelly on Space Shuttle Endeavour’s last flight into space in May.
Hubbard Aviation Technologies will conduct a European airport tour in the runup to Ebace 2012. The St. Paul, Minn.-based company said it will offer demo flights at four leading European airports on a Gulfstream III outfitted with Hubbard Aviation Technologies’ QS3 Noise Suppression System. The noise-suppression system, which does not impose any operating restrictions, is approved by the FAA and EASA to meet Stage 3/Chapter 3 noise standards.