Feras, the American-founded executive flight support company active since 1992 in Eastern Europe, Russia and CIS countries, has inaugurated new facilities to support increased activities, which nearly doubled last year.
EBACE Convention News » May 24, 2007
Lufthansa Private Jet is here at EBACE 2007 at Booth No. 1240 enjoying the unexpected success of a combined airline-business jet product it launched just two years ago. It is now considering branching out into the U.S.
Spain-based Gestair Private Aviation is planning on buying up to $60 million worth of new business jets in the 2007 to 2010 time period, general manager Fernando Flores told EBACE Convention News here on Tuesday. These aircraft will be midsize and very light jets (VLJs).
Everybody knows that China is a fast-growing economy of staggering size. However, business aviation in that part of the world has remained relatively inconspicuous–until now.
Spanish aircraft charter and management firm Executive Airlines has seen its sales rocket from $12 million in 2005 to more than $26 million last year, and implementation of current plans should result in sales of more than $47 million this year.
The boom in demand for business jets is inevitably pushing prices skyward, and Citi Private Bank is here (Booth No. 858) to help would-be buyers finance their airplanes.
Given the bucks or the ability to borrow them, buying a business jet ought to be a straightforward affair. And if you don’t care about the potential downsides, it may be. But the typical business aircraft transaction involves a multinational cast of players and a plethora of contracts to go with them.
Next month’s June opening of the new Encore Euralair FBO at Aéroport Côte d’Azur in Nice, France, brings more U.S.-style FBO services to the European business aviation market.
A new exhibitor here at EBACE, Brussels-based Sabena Flight Academy, is at Booth No. 785 trying to diversify from its usual airline business. The former subsidiary of defunct carrier Sabena is offering pilot training and consulting for business aircraft operators.
Newly formed Gulf charter company Prestige Jet has been set up by principals previously involved in Dubai-based charter company Gulf Jet. Abu Dhabi-based Prestige Jet–not to be confused with New Jersey-based Prestige Jet Charter–is owned by Al-Ghaith Holdings, the aviation arm of the Al-Yasi group, which previously had a financial partnership with Gulf Jet.