Second-quarter business jet deliveries climbed by 30 percent in North America, but this gain was more than offset by deficits in the rest of the world, according to data released yesterday by UBS Global Research. Global business jet shipments, excluding very light jets, fell 1 percent during the quarter, dragged down by losses in other world regions: -50 percent in Asia-Pacific outside China/India, -39 percent in China/India, -23 percent in Western Europe and -21 percent in emerging countries in Europe, the Middle East and Asia.
Jet Aviation Dubai has appointed Prabhat Gummadi as its new maintenance director. Gummadi will be responsible for overseeing operations at the maintenance and AOG facility including supply chain management and quality control. He began his career with Air Works India Engineering based in Mumbai, India, where he served as senior/avionics engineer from 1998 through 2005. He has numerous AME licenses and significant experience with Beechcraft, Cessna, Dassault Falcon, Boeing, Gulfstream, Bombardier and Embraer aircraft.
Business jet demand has not recovered in line with corporate profits as it has in the past. J.P. Morgan aerospace analyst Joseph Nadol III attributes the sluggishness to “the stigma attached to bizjets during the recent recession and a focus on cost cutting among corporate customers. 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.”
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).
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.
Bombardier is making a strong appearance at the LABACE show with four of its aircraft in the static display at São Paulo’s Congonhas Airport, spanning the entire gamut of the private jet market.
Pre-owned aircraft broker Jetcraft has high hopes for the Latin American market and expects to double the number of transactions it handles this year. According to the U.S. group, demand for light and midsized jets has dominated the market in recent years, but it now sees growing interest in larger, longer-range aircraft as well.
Dassault Falcon Jet is investing in a major expansion of its Sorocaba maintenance facility over the next few months “to better accommodate the demands of Brazilian and other South American customers.” The expansion of the Dassault Aircraft Services-Sorocaba facility will add 10,000 sq ft (929 sq m) of hangar space, significantly boosting the existing 23,000-sq-ft (2,137-sq-m) building and “reinforcing our ability to serve the anticipated demand,” said John Rosanvallon, president and CEO of Dassault Falcon Jet.
Despite some stutters in the global market, especially in the BRIC region that includes Brazil, Embraer Executive Jets continues to post good sales. By the end of June, the combined fleet had climbed to 788 aircraft operating in more than 50 countries. Sales for the first half of this year totaled 49. And, at a press conference in São Paulo on Monday, Embraer reported that market share in the business jet sector is also climbing again, reaching 17.6 percent in 2013, a figure that is almost back to the company’s 2010 high.
In a ceremony conducted on the first day of LABACE, Embraer accepted certification approval from ANAC, Brazil’s civil aviation authority, for its $20 million Legacy 500 midsize business jet. U.S. FAA certification is expected in the coming weeks, with European approval to follow soon after.
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