Business

February 12, 2013 - 4:15pm

While many prognosticators forecast last year as the beginning of a resurgence for business aircraft manufacturers, those hopes will have to move to this year, according to 2012 aircraft delivery numbers released this morning by the General Aviation Manufacturers Association. While 2012 saw a modest increase in overall turbine aircraft shipments, the gains were solely in the lower-end, non-pressurized turboprop segment as overall billings decreased by nearly 1 percent from $19 billion to $18.9 billion year-over-year.

February 12, 2013 - 4:10pm

Aircraft manufacturers will deliver an estimated 9,400 business jets worth $253 billion over the next 10 years, according to a forecast released late last week by Montreal-based business aviation services firm Zenith Jet.

February 12, 2013 - 3:55pm

Newly formatted data from online charter portal Avinode gives a clearer impression of the fluctuations in charter aircraft demand and pricing.

February 12, 2013 - 3:47pm

Charter firms XOJet and Travel Management Co. (TMC) announced a new alliance yesterday to integrate the latter’s fleet into XOJet’s operations. The two companies have a combined fleet of more than 100 jets, though they will remain separate entities.

Elkhart, Ind.-based TMC operates a fleet of 24 Hawker 400XPs and 30 Hawker 800XPs, while XOJet operates Bombardier Challenger 300s, Cessna Citation Xs and Hawker 800XPs. Under terms of the deal, XOJet will sell all seven of its 800XPs to TMC and concentrate on expanding its fleet of super-midsize aircraft.

February 12, 2013 - 3:43pm

Italian police arrested the current and former CEOs of AgustaWestland on bribery charges this morning and raided the company’s Milan headquarters. Giuseppe Orsi, who served as the helicopter manufacturer’s CEO until December 2011 and is currently head of its parent company, Finmeccanica, was taken into custody, while current AgustaWestland CEO Bruno Spagnolini was placed under house arrest.

February 8, 2013 - 11:00am

Defense contractors flocked to Bangalore for the Aero India show this week, even as the Indian government confirmed that the years of plenty might be over. Defense minister A.K. Anthony confirmed that his spending would be cut in the fiscal year that starts in April, although not on “operational preparedness.”

February 8, 2013 - 5:26am

India’s Ghodawat Industries placed an order for a Eurocopter EC135 helicopter at the Aero India show in Bangalore this week. The aircraft will be configured for four passengers and is due for delivery in May, when it will replace the customer’s existing EC120 model.

February 7, 2013 - 3:50pm

Comments by President Obama’s press secretary that tax depreciation schedules constitute “loopholes” for corporate jets ignited a blitzkrieg of return fire from general aviation on Tuesday. Pete Bunce, chairman and CEO of the General Aviation Manufacturers Association, declared that politics in Washington continues to demonstrate that facts can be conveniently overlooked when one is trying to point fingers and score sound bites.

February 7, 2013 - 3:45pm

The pre-owned business aircraft market, in the fourth quarter, was mostly on par with the 20-year average in terms of sales transactions and inventories, according to recent data from business aircraft market research and services firm Amstat.

February 7, 2013 - 3:40pm

Cessna Aircraft sees growing demand in India for both the Caravan and Citation lines, the Wichita-based aircraft manufacturer said this week at Aero India, where it is displaying a Caravan and Citation Mustang. The company believes that applications for business aircraft there will increase in response to anticipated government reforms intended to improve infrastructure and free up market access.

 
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