In its inaugural quarterly report on aircraft financing sent to clients this week, Citi Private Bank said business aircraft financing, “like all other aspects of the business aircraft market, is experiencing ups and downs.”
AINalerts » March 15, 2012
After almost a decade of controversy, four years since the first complaint was filed and several postponements of the actual trial, the Bobigny Criminal Court (a French court near Paris Le Bourget Airport) decided on Tuesday to acquit NetJets Management Ltd and NetJets Transportes Aéreos (two companies trading as NetJets Europe) in a case where they were accused of employment practices contrary to French law. All civil plaintiffs’ claims were rejected.
Gulfstream Aerospace views India as a long-term growth market for its business jets, regional senior vice president of international sales for South America and the Far East Roger Sperry said yesterday at India Aviation 2012. Gulfstream is displaying a midsize G150 and large-cabin G450 at the show, which is being held in Hyderabad until Sunday.
The EASA has issued an emergency Airworthiness Directive (AD) calling for inspections of all Eurocopter EC135s after a crack was discovered on the lower hub-shaft flange of a main rotor hub shaft on one of the light twin-engine helicopters. In issuing the emergency order, the agency wants to avoid crack propagation, which could cause hub failure.
“We expect a bounce in 2012, though we believe the [business jet] recovery will start slowly and we forecast delivery growth of 8 percent,” JPMorgan Investment Research said in its latest monthly business jet market report, released today. However, evidence of a recovery on the low end is still “not compelling,” it noted.
France’s Lyon Bron business airport started grooving its runway on Tuesday to comply with FAA standards–a first in the country. This should allow more business jets to use the airport, since the runway carried several operating restrictions during rainy conditions. French aviation regulations do not impose any runway grooving mandates, but insurers do, an industry source told AIN.
Eurocopter is claiming a 64-percent share of the small Indian civil helicopter market. Last year the manufacturer delivered nine new turbine helicopters out of a total of 14 registered in the country. Five were twins, while the remaining four were single-engine AS350B3s. The AS350 Ecureuil/AStar series had a 70- to 80-percent market share in the single-engine sector over the last two years in India, Eurocopter said.
Jet Aviation announced the appointment of Judith Moreton today as the company’s new vice president and general manager at its London Biggin Hill FBO and maintenance facility. The 25-year aviation veteran has previously held several high-ranking positions, including senior management positions with Shell Aircraft, operations manager for UPC Aviation Service and managing director of Bombardier Skyjet. In 2007 she received an award from EBAA for her outstanding contribution to business aviation.
Tim White, who was Cessna Aircraft’s vice president of U.S. sales until resigning earlier this week, will be the new U.S. West regional vice president of sales for Bombardier Business Aircraft. According to a Bombardier spokeswoman, White will officially start on April 2 and initially work out of an office in Wichita. He will report to Brant Dahlfors, Bombardier Business Aircraft vice president of U.S. sales. Current West U.S. regional vice president of sales Scott Westfall will revert to his previous position of U.S.
The GE Aviation H80 turboprop engine received FAA certification yesterday, some three months after obtaining EASA approval. According to GE, the H80 is a more powerful and fuel-efficient variant of the former Walter M601 engine. It also fields a 3,600-hour time between overhaul and no hot-section inspections. The first aircraft to enter service with the H80 engine will be the Thrush 510G agricultural airplane.