Skyservice Business Aviation, headquartered in Montréal, celebrated the chain’s 25th anniversary in August. Starting in 1986 with an FBO at Montréal-Pierre Elliot Trudeau International Airport, the company has since added locations in Toronto and Calgary, all offering up to heavy maintenance capabilities for a variety of business jets and turboprops.
Even as other aviation segments struggled in the throes of a recession deeper and more enduring than anyone expected, the rotorcraft industry remained at least healthy. But is that going to last? If Heli-Expo 2011 in March was an indicator, the answer is “yes.”
Hawker Beechcraft has appointed Karin-Joyce Tjon as its new CFO. Most recently she was managing director of global professional services firm Alvarez & Marsal.
John Reimers, CEO of Seattle-based Aviation Partners Boeing, has resigned. Mike Stowell, the company’s chief technology officer and executive v-p of engineering, will assume the role as acting CEO.
Through the start of September, demand for charter flights was 15 to 25 points higher than during the same period in 2010, according to the forward-looking demand index produced by online charter portal Avinode (see Fractional and Charter special report on page ??). But on September 20 the index dipped for the first time this year to below 2010 figures, apparently signaling an abrupt end to the busy summer period.
While the pre-owned market has had to grind it out over the last couple of years to turn a deal, buyers have made a considerable dent in the number of choices since then, with 500 fewer aircraft available compared with the number of choices at the peak. As the industry heads into what is typically one of the most active periods of the year, the trend should continue.
Sheltair signed a lease agreement yesterday with the Port Authority of New York & New Jersey to manage and operate the general aviation facility at John F. Kennedy International Airport, its 14th FBO location. In doing so, it will become the first private FBO company to serve general aviation at the airport; the Port Authority has run the facility there since 1947 as the sole service provider.
“For the first time this year, some long-anticipated good news came for pre-owned business jet retail sale transactions,” JetNet said yesterday. “In the first eight months of 2011, the year-to-date average asking price increased 3.5 percent while the industry maintained double-digit growth at 11.4 percent.” While turboprop asking prices declined by 1.5 percent over the same period, transactions still climbed by 11.7 percent.
The U.S. Department of Commerce is organizing an industry vendors group to identify and advance export opportunities for Next Generation Air Transportation System (NextGen) products made in the U.S. The NextGen Vendors Group (NVG) initiative was announced at the annual meeting of the NextGen Institute in Washington earlier this month.
Airliner fleet replacement in mature markets, along with dynamic growth in emerging economies and strong continued business in established North American and European economies, are the principal factors driving 20-year requirements for new equipment.
While the first-ever appearance of Sukhoi’s T-50 stealth fighter led the list of awe-inspiring spectacles during last week’s Moscow Air Show, the mundane business of commercial transactions made more headlines, as Airbus, Bombardier and local manufacturers busily collected new orders from a growing Russian commercial aviation market. Perhaps the most surprising deal of all involved Moscow-based Transaero, which signed for eight Airbus A320neos.