Sales of pre-owned business jets took off in last year’s fourth quarter, blunting a weak second quarter and a “mixed bag of activity” in the third, according to business aviation information service provider Amstat. Business jet resale transactions were up 0.3 percentage points year-over-year, with 2.9 percent of the active fleet turning over in the fourth quarter. “This was the best performance since the fourth quarter of 2007 and squeaked ahead of the 20-year quarterly average of 2.8 percent,” noted Amstat general manager Andrew Young.
AINalerts » January 28, 2014
Airbus Helicopters (née Eurocopter) CEO Guillaume Faury announced today that the EC175 medium twin “successfully completed the EASA certification process yesterday” and the type certificate is to be issued in the coming days. (On Twitter, the EASA rather described the milestone as the “completion of the technical process” and said the type certificate will be handed over in the first quarter.) Fifteen EC175s are on the final assembly line, he said, speaking at the company’s annual press conference in Paris.
With the Super Bowl just five days away, there is still parking space at the major business aviation airports in the New York City area. The five FBOs at Teterboro Airport, less than five miles from MetLife Stadium in East Rutherford, N.J., have received more than 800 reservations from tomorrow through next Tuesday morning, including passenger drop-offs.
NBAA welcomed changes announced and enacted yesterday by the FAA to streamline the process for aircraft operators seeking a letter of authorization (LOA) for operations in reduced vertical separation minimum (RVSM) airspace above FL280. According to NBAA senior manager of safety and flight operations Mark Larsen, the FAA’s final policy is in line with recommendations made by a task force to improve the LOA inspection process, while maintaining operational safety in the National Airspace System.
General aviation advocate and former Cessna Aircraft chief Russ Meyer received the Wichita Aero Club Trophy on Saturday. In introducing Meyer before he was bestowed with the Wichita Aero Club’s highest honor, NBAA chairman and CEO Ed Bolen called him “one of the most significant figures in general aviation history.” Meyer joined Cessna in 1974, and over his 31-year tenure there the Wichita company delivered 67,000 aircraft. He also worked to establish the FAA’s Airport and Airway Trust Fund in 1970 and was central to the passage of the General Aviation Revitalization Act in 1994.
TAG Aviation introduced paperless cockpits throughout its aircraft fleet in Geneva, following approval by Switzerland’s Federal Office for Civil Aviation. The company equipped crews across its managed fleet with Class 1 iPad-based electronic flight bags that will replace hundreds of pages of documents. Its iPads are loaded with Vistair DocuNet, which allows crews to download and read operational flight-deck documents, and the Jeppesen Mobile FliteDeck e-chart application.
Flexjet saw a 60-percent surge in new fractional aircraft sales and a 57-percent jump in jet card sales last month year-over-year, the company announced yesterday. For the entire year, Flexjet’s fractional share sales rose 10 percent, while jet card sales climbed 29 percent over 2012. After 18 years under Bombardier Aerospace’s wing, Flexjet was acquired last month by Directional Aviation Capital.
Gulfstream Aerospace’s product support organization has created private-label fabrics, leathers and carpets for cabin interior refurbishments. The curated collection of in-stock soft goods will shorten the lead time and cost for interior refurbishments, Gulfstream said. There are more than 100 fabrics, 25 carpets and 25 leathers in the collection, which includes three color palettes: beige, tan and taupe. Lead time for Gulfstream Portfolio Collection carpets, for example, is one day versus about four weeks for open-stock selections.
NBAA’s board of directors elected Jim Schwertner as the organization’s newest director. Schwertner, the president and CEO of Texas-based Capitol Land & Livestock, is an ATP with rotorcraft and seaplane ratings, as well as a CitationJet type rating. His initial term on the NBAA board is for one year, and in October he is expected to stand for election for a three-year term. He will serve NBAA without compensation.