Barely two years ago prospective business aircraft buyers in Europe were among the most sought-after clients for a banking industry attracted both to the high rates of growth in this market sector and to the exceptional strength of asset values, driven largely by soaring demand and long delivery backlogs.
EBACE Convention News » May 4, 2010
Restrictions on single-engine helicopter operations in Europe have consistently stimulated operators to favor twin-engine models in their purchase expectations, according to Honeywell’s market forecast, which shows 57 percent of those plans being for multi-engine rotorcraft. “Regulations requiring twin-engine aircraft on flights over congested areas and other use limitations shape the preferences of the European operators,” says the report.
Embraer expects “a good recovery” from the recession, according to executive aviation market intelligence vice president Claudio Camelier.
Just as harsh economic circumstances diluted last fall’s U.S. National Business Aviation Association Convention, the 2010 European Business Aviation Convention & Exhibition (EBACE) here in Geneva is exposed to continuing recessionary winds. Nevertheless, current market forecasts by several manufacturers paint a generally optimistic picture.
Universal Weather & Aviation (Booth No. 7030) is launching a new service to guarantee that fuel purchases in Europe are made at the correct rate of value added tax (VAT). The complimentary service, which started on May 1, should overcome the headaches commonly associated with calculating which VAT rate should apply based on an aircraft operator’s status.
Most business aircraft users are trying to get away from airliners, so you might imagine that trying to market a model that has earned its reputation as a regional airline workhorse could be a hard sell–and even more so if the aircraft in question is turboprop-powered.
Bombardier has appointed New Jet International as its exclusive sales representative for Switzerland, marketing the Learjet, Challenger and Global families of business jets. The Monte Carlo-based company has represented Bombardier in Italy and Monaco for almost 20 years.
Business aviation parts supplier CRS Jet Spares (Booth No. 470) has increased its European parts distribution capabilities through the creation of its first international logistics center. The London facility, located at Heathrow International Airport, was established to serve the rising demand from the European corporate aviation community, and will stock inventory from Gulfstream, Bombardier, Dassault Falcon and Hawker Beechcraft.
DeCrane Aerospace is here in Geneva (Booth No. 1169) loaded for an economic recovery and featuring a newly designed and larger mockup and 14 new products, from a lightweight veneer to a three-place divan with push-button recline.
Europe’s business aviation community may think it has a good safety record; however, it needs to demonstrate a more structured and statistical approach to maintaining that reputation rather than expecting regulators and the rest of the world just to acknowledge it.