According to data released yesterday by business aviation market information firm JetNet, pre-owned business jet and turboprop inventories trickled downward in August from a year ago. “While the pre-owned market continues to show improvement, all market metrics have been slow to recover,” the company said, “though are much improved compared to the lows recorded over the past three years.”
AINalerts » October 2, 2012
A study commissioned by the European Business Aviation Association (EBAA) and released yesterday outlines business aviation’s significance in Europe and quantifies how its activities directly and indirectly contribute to the region’s economies. The report, which was compiled by Oxford Economics, confirms that business aircraft primarily carry key corporate decision-makers on high value-added trips.
Forecasted demand for charter flights this month is up on a year-over-year basis but lower than last month, according to the latest data from online charter portal Avinode. At 158.54, the company’s forward-looking demand index for the 30-day period beginning October 1 was almost 12 points down on where it was on September 1. Nonetheless, the index was still 40 points above this time last year, suggesting that a gradual long-term recovery is continuing.
The FAA renewed NBAA’s request for an extension to Exemption 7897, the “NBAA Small Aircraft Exemption,” late last week. The renewal expires March 31, 2013, and, according to NBAA, “allows operators of piston-powered airplanes, small airplanes and all helicopters to use, among other provisions, the limited options for cost reimbursement permitted under Part 91 Subpart F.”
Business aviation charity Sky Hope Network is collecting donations for the families of nine industry workers who were killed in a terrorist attack on September 18 in Afghanistan. Employed by South Africa-based ACS/Balmoral Central Contracts, the victims were three pilots, five mechanics and a customer service representative, who were targeted by a suicide car bomber as their minivan stopped at a gas station on its way to the airport in Kabul.
Piper Aircraft delivered its 500th Meridian turboprop single last week. The milestone aircraft was handed over to SouthEast Piper for delivery to the aircraft’s undisclosed Florida-based owner. “The delivery of the 500th Piper Meridian, since first delivery in 2000, emphasizes its enduring value proposition even during recent periods of economic uncertainty around the world,” said Piper president and CEO Simon Caldecott. “Single-engine Piper turboprops are growing in popularity as replacements for less economical twin-engine jets and turboprops.”
Bombardier Flexjet is again offering its Flexjet 25 jet card program, which is operated by U.S. air carrier Jet Solutions, for the holiday season. The 25-hour jet card pairs private jet travel with no-extra-cost travel benefits from Executive Golfer, Abercrombie & Kent, Lake Austin Spa Resort, Korean Air and Qatar Airways. The jet cards start at $100,000 and provide access to Flexjet’s Learjet or Challenger fleets, with the cost of each flight deducted from the debit card balance.
Bombardier announced on Friday afternoon that it logged orders for a mix of 13 Global 6000s and 8000s worth some $800 million from two undisclosed customers. The first firm order was for four Global 6000s and four Global 8000s worth $500 million at list prices. The second firm order, announced less than 30 minutes after the first, included four Global 6000s and a single Global 8000 worth a combined $300 million. A VistaJet spokesperson denied speculation that it is one of the undisclosed buyers.
Cessna Aircraft announced an agreement on Friday with Calgary-based AirSprint Private Aviation for at least nine Citation CJ2+ twinjets worth about $60 million at list prices. Innotech-Execaire, Cessna’s authorized sales representative in Canada, helped facilitate the sale. AirSprint is adding the light jets to advance its focus on “boutique customer service” and regional private air travel.
Hilton Software’s WingX Pro 7 moving-map iPad app is now integrated with the X-Plane flight simulator software, so X-Plane users can fly with WingX Pro 7 and view all of the WingX features during a simulated flight. This includes the position of the simulated aircraft depicted on WingX’s moving-map and geo-referenced approach plates. Additionally, X-Plane users can try out WingX Pro 7 features such as synthetic vision with pitch and bank, without needing a separate AHRS device.