Despite reporting a recent “pronounced upswing” in business jet charter business in the Gulf Cooperation Council territories, Middle East charter and aircraft management firm Rizon is rationalizing its activity in the area to cut costs.
AINalerts » July 23, 2009
Bend, Ore.-based Stratos Aircraft on Tuesday began taking refundable escrowed $50,000 deposits for its single-engine Stratos 714 very light jet. Company chief technology officer Carsten Sundin told AIN that the first 25 aircraft will be sold for $2 million each, after which there will be a modest, but as-yet-undetermined, price increase.
A bitter six-week strike at Bell Helicopter Textron’s transmission and rotor blade component plants in Fort Worth, Texas, ended after union members ratified a revised four-year contract offer yesterday morning. Nearly 2,500 members of United Auto Workers (UAW) Local 218 struck the company on June 14 after rejecting an initial offer from Bell that increased wages, but also increased the share of employee-paid health care costs.
“Only in 2012 will [business jet] deliveries start growing again,” Embraer executive vice president Luis Carlos Affonso said Tuesday in a pre-LABACE press briefing. He recognized 2010 and 2011 as “difficult years” for the business aviation industry, but noted that there are already signs of an upturn and said the company will meet Phenom delivery goals if it can only make them fast enough.
Dassault Aviation this morning reported a negative order intake for the first half of this year due to Falcon business jet order cancellations. While the company logged €900 million ($1.28 billion) in Falcon sales in the first half, down slightly from the €1.1 billion ($1.56 billion) recorded in the same period last year, business jet order cancellations far exceeded sales.