“Demand for business jets is far from robust, but at the margin some developments suggest improvement,” J.P.Morgan aerospace analysts said in their latest business jet monthly update, released on Tuesday.
AINalerts » September 12, 2013
A bankruptcy hearing for Avantair held yesterday in Tampa, Fla., brought some needed good news for share owners of the 56 ex-Avantair Piaggio Avantis, with the Italian OEM unveiling a path for them to get their aircraft back in the sky. These aircraft, which haven’t flown since early June when Avantair shut down, were officially grounded by the FAA last month when the agency revoked their airworthiness certificates.
Business aircraft flying was generally flat last month, decreasing year-over-year by just 1 percent, according to TraqPak data released on Tuesday by aviation services company Argus.
Embraer Executive Jets anticipates demand for 805 business jets over the next decade, according to its China Executive Aviation Market Outlook 2014-2023, released on Tuesday at the Chinese International Business Aviation Show in Shanghai. The outlook, which is based on “comprehensive studies of the country’s economic scenario,” added that large-cabin business jets represent about 51 percent of future demand, accounting for 78 percent of total value of deliveries.
The fleet of its Russian-based Gulfstream business jets has grown more than sixfold in the last six years, the Savannah, Ga.-based aircraft manufacturer said yesterday at the first day of the three-day Jet Expo 2013 show in Moscow. It said there are 53 customer-operated Gulfstreams in Russia and a combined 76 in Russia and the wider Commonwealth of Independent States (CIS). In 2007 those numbers were eight and 11, respectively, Gulfstream said.
Total worldwide avionics sales amounted to more than $1.6 billion in the second quarter, according to the latest figures from the Aircraft Electronics Association. The quarterly report includes forward-fit and retrofit avionics sales from 20 aviation electronics manufacturers. According to AEA, the second-quarter sales were 5 percent less than the approximately $1.7 billion in sales recorded in the first quarter.
The Dassault Falcon 5X will succeed the Falcon 2000, according to a document the French government released this morning. The new Falcon is part of the next generation of aircraft mentioned in the “new industrial France” project, introduced by French president François Hollande.
Flexjet has named Dr. Kenneth Cooper, inventor of aerobics, and his son, Dr. Tyler Cooper, as the fractional provider’s official health advisors. As part of its new alliance with Cooper Aerobics, the doctors will educate Flexjet share owners about health, wellness and travel in upcoming issues of the company’s magazine that is distributed to customers.
In celebration of its third anniversary as a service provider at North Carolina’s Davidson County Airport, Fly High Lexington is rewarding pilots with six Shell AeroClass points per gallon of fuel purchased through the end of the year. The FBO recently launched a “no fees with fuel” program under which it waives ramp, handling and tie-down fees with any fuel purchase. It also offers transient customers free overnight hangar storage if it is available.
Bell Helicopter delivered the first Bell 407GX to be operated in Russia to Helidrive in St. Petersburg, the rotorcraft manufacturer announced yesterday. The 407GX, which was officially handed over to Helidrive–Bell’s independent representative in northwest Russia–last week, will be used for both private and charter flights. To date, Bell has delivered more than 1,100 Bell 407s, including nearly 100 Bell 407GXs.