It was back in 1989 when newly established Jet Support Services, Inc. (JSSI) rolled out its first engine maintenance program for the Honeywell (formerly Garrett) TFE731. Now, as the company celebrates its 25th anniversary, its very first client to enroll in the program is still onboard. Wood product manufacturer Boise Cascade Corporation still owns the very same Dassault Falcon 50, and its three original engines have been tended by JSSI for the past quarter-century.
Global Jet Capital (GJC), a new source of leasing and lending options for business jet transactions, starts operations this week. The company has been launched with an initial $2 billion fund with the backing of three investment firms: GSO Capital Partners, The Carlyle Group and AE Industrial Partners.
By the end of the third quarter, Embraer’s firm order backlog had risen to $22.1 billion, the highest in the company’s history and up from $18.1 billion at the end of June. During the third quarter, the company delivered 19 regional jets and 15 business jets (all Phenoms). Over the first nine months, Embraer delivered 62 regional jets and 64 business jets (54 Phenoms and 10 “large jets”).
Flexjet and Qatar Executive quickly lined up to be the launch customers for the new Gulfstream G500, which was revealed this morning alongside its larger G600 sibling during a ceremony at the aircraft manufacturer’s Savannah, Ga. headquarters. Qatar signed a memorandum of understanding today for up to 20 Gulfstreams, while Flexjet placed an order for 50 aircraft, including options.
“We expect little change to the prevailing business jet narrative, which is that demand has stabilized but with only muted signs of recovery,” J.P. Morgan said in its latest monthly business jet report, released yesterday. “Business jet demand has not recovered with corporate profits, as it has previously. We estimate that 2013 U.S. corporate profits were up about 50 percent from the 2008 trough, whereas bizjet deliveries have yet to turn up decisively,”
Embraer delivered the first Legacy 500 on Friday, less than two months after the fly-by-wire midsize jet obtained certification from Brazilian civil aviation authority ANAC. The launch customer, an unidentified Brazilian company, accepted the aircraft during a ceremony at Embraer headquarters in São José dos Campos, Brazil.
Gulfstream Aerospace’s launch today of its new G500 and G600 large-cabin business jets was a well-kept secret, especially since the programs have been in the works for five years. During an event at its Savannah, Ga., headquarters, the company surprised guests by rolling out a prototype of the G500 under its own power.
The world’s longest-range business jet–the Gulfstream G650ER–was certified this week by the FAA, the Savannah, Ga.-based aircraft manufacturer announced yesterday. Gulfstream Aerospace revealed the 7,500-nm business jet in May at EBACE and expects to deliver the first fully outfitted G650ERs to customers by year-end, a few months ahead of previous delivery date projections.
Embraer Executive Jets broke ground today on an expansion project at its Melbourne (Fla.) International Airport campus that will allow Legacy 450/500 assembly to begin there in the second half of 2016. The company plans to deliver at least one Legacy 500 from the facility in 2016 and has a planned production capacity of six per month. The aircraft manufacturer has assembled and delivered nearly 80 Phenom 100s and 300s from the Florida facility since 2012.
Think less James Bond, more Captain Value.
New business jets under development have one thing in common: with a laser-like focus on value, almost to the model they have achieved a near-perfect balance of versatility, performance, comfort and costs.
Concern about costs per seat mile used to be the preserve of the airlines. No longer: it has helped define even the Mach 0.935 Cessna Citation X+.
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