Bombardier unveiled the Challenger 650, a refreshed version of the Model 605 with new avionics and engines, yesterday on the eve of NBAA 2014. Deliveries of the $33.25 million Challenger 650 are targeted for the second quarter of next year.
AINalerts » October 20, 2014
Up to 9,450 new business jets worth $280 billion are forecast to be delivered over the next 10 years, according to Honeywell Aerospace’s 23rd annual Business Aviation Outlook, released yesterday. This reflects an 8-percent increase in projected billings over the 2013 outlook, thanks to slightly higher aircraft deliveries “modest” list price increases and continued strong demand for larger business jets. While annual billings are expected to surpass peak 2008 levels in 2017 and beyond, unit deliveries are not projected to reach the 2008 peak any time during the 10-year forecast.
Honda Aircraft is ramping up production and expanding facilities at its Greensboro, N.C. headquarters as it prepares for certification and first deliveries of the $4.5 million (2010$) HondaJet HA-420 early next year, the company said today at NBAA 2014. It has also established the Honda Aviation Finance Co., which will start accepting loan applications tomorrow from qualified HondaJet customers in the U.S. And a training center opened in Greensboro, where the first level-D HondaJet simulator will be installed in the first quarter.
Less than a week after the surprise launch of Gulfstream’s new G600 and G500 large-cabin jets, the company is showing off a full-size cabin and cockpit mockup of the G600 at the NBAA 2014 static display at Orlando (Fla.) Executive Airport.
Textron Aviation is showcasing its complete line of business jets and turboprops this week at NBAA 2014, with all 12 models on display at Orlando (Fla.) Executive Airport, led by the debut appearance of its midsize Cessna Latitude, which is expected to be certified in the first half of next year.
Global Jet Capital (GJC), a new source of leasing and lending options for business jet transactions, starts operations this week. The company has been launched with an initial $2 billion fund with the backing of three investment firms: GSO Capital Partners, The Carlyle Group and AE Industrial Partners.
Boeing Business Jets has seen a double-digit sales increase–10 percent–this year for the first time since 2008, company president Steve Taylor said today at NBAA 2014. These sales included four BBJ 737s, three 777-300ERs, one BBJ 787 and two BBJ Max 8s.
Taylor is optimistic that sales will continue to increase and is confident that several MOUs will be in hand by the start of December’s Middle East Business Association meeting in Dubai. “I hope these orders are a sign that the market is turning a corner,” he said.
Nextant Aerospace expects to fly the first example of its G90XT early next month, the Cleveland, Ohio based company announced today at NBAA 2014. The aircraft is a remanufactured Beechcraft C90 that integrates Garmin G1000 avionics, General Electric H75-100 engines and other new features into a re-lifed airframe. Nextant has been taking orders for the model since the book was opened at EAA AirVenture in August, noting “keen interest” in the Americas.
Cindy Halsey is joining Gulfstream Aerospace as vice president of completion, planning and design. Before coming to Gulfstream, she was senior vice president of interior design engineering for Textron Aviation, where she led interior design, industrial design and interior engineering. Halsey’s responsibility at Gulfstream will include “ensuring a world-class completion experience for customers purchasing Gulfstream aircraft.” She will take a “leading role” in the definition of Gulfstream’s completion and outfitting strategies for both current and future aircraft.
FlightSafety International expects its Embraer Legacy 500 simulator to receive FAA and EASA approval by the end of this month. The Legacy 500 simulator recently received level-C qualification from Brazil aviation agency ANAC. Pilot training is scheduled to begin in November at FlightSafety’s St. Louis learning center and maintenance technician training on the Legacy 500 is slated to start early next year.
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