Business

August 14, 2014 - 3:50pm

Textron Aviation confirmed to AIN that it will terminate flight operations at its former fractional and charter/management operation, CitationAir, on October 31. The move comes 2.5 years after CitationAir stopped selling fractional shares in new aircraft and ceased renewals for current fractional-share customers in February 2012, saying at that time it would instead focus on its jet card and aircraft management products. The company is now abandoning even that modest plan.

August 14, 2014 - 3:40pm

The crisis in Ukraine “undermined” business aircraft flying in Europe last month, with European flights to the CIS down 24 percent and East-West European connections down by 15 percent, according to the latest data from business aviation research and consulting firm WingX Advance. Overall, there were 68,048 business aviation flight departures in Europe last month, a 2.7-percent year-over-year decline, with July 11 percent below its 2008 peak and the least active July on record since 2005. Year to date, activity in the region is 0.7 percent below the 2013 trend.

August 14, 2014 - 3:25pm

World Fuel Services’ Air Elite Network launched a new loyalty reward program, Diamond Dividends, this week at LABACE 2014. The program awards members a total of 10,000 FlyBuys Rewards bonus points with a qualified purchase at any five different Air Elite FBOs. Qualifying purchases are chronicled on an Air Elite Diamond Dividends Card, available at any of the 31 Air Elite locations.

August 14, 2014 - 3:11pm

Avantto is one of Brazil’s most active aircraft management and fractional ownership companies. In addition to its more traditional services, it launched a new Combo program this year under which owners can purchase a share that includes flight time in both a fixed-wing aircraft and a helicopter.

August 13, 2014 - 5:01pm

The Latin America and Caribbean (LAC) region is home to more than 5,000 business aircraft–2,457 jets 2,588 turboprops–according to current data from aviation data services firm JetNet. This represents 14.8 percent of the world’s fixed-wing business turbine fleet, despite the region’s 6.6-percent share of world gross domestic product (GDP).

August 13, 2014 - 1:54pm

AgustaWestland is displaying two of its lighter helicopters here at the LABACE show in the form of a Power and a GrandNew, and will also unveil the cabin interior for its new AW169 helicopter. Interior configurations and entertainment options will be promoted for the 4.5-metric-ton light/intermediate machine.

August 13, 2014 - 1:21pm

Airbus Corporate Jets doesn’t do small business jets. The entry level into the ACJ world is the ACJ318, based on the 100-plus-seat A318 airliner. The top end of the range reaches right up to the ACJ380 based on the world’s largest commercial aircraft. And such aircraft do not come cheap, especially when outfitted to a luxurious standard.

August 13, 2014 - 12:01pm

World Fuel Services’ Air Elite Network (Booth 3010) launched a new loyalty reward program, Diamond Dividends, here at the LABACE show. World Fuel also added the Orion Jet Center in Miami, Florida, to its network of FBOs.

August 13, 2014 - 10:50am

Embraer Executive Jets has opened new facilities at its contact center to provide operational, technical and maintenance support for its fleet of business jets. Since the center opened in 2009, Embraer’s fleet has quintupled in size to 780 aircraft in 50 countries. The contact center, which is located in Embraer’s São José dos Campos headquarters in Brazil, operates 24 hours a day 365 days a year and provides personalized service from the first contact to the final solution for customer needs, anywhere in the world.

August 13, 2014 - 10:35am

StandardAero’s Component Services, located in Cincinnati, Ohio (SACS-USA), has expanded its component repair and development facilities with the addition of new capabilities at its campus in Winnipeg, Manitoba (SACS-Canada).

 
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