Directional Aviation Capital (DAC)–the company headed by Kenn Ricci that owns Flight Options, Sentient Jet, Nextant Aerospace and Constant Aviation, among others–announced today that it is buying fractional provider Flexjet from Bombardier for $185 million. The transaction is expected to close by year-end, pending U.S. government approvals. All Flexjet employees will be retained, Ricci noted.
Mumbai-based Baron Aviation has launched Baron Eagle, a jet card that will provide members the benefits of the company’s mixed fleet of nine business jets and helicopters, including the Challenger 604, Falcon 2000, Global Express, Hawker 750, AS355N and Bell 412 and 407.
Directional Aviation Capital (DAC)–the company headed by Kenn Ricci that owns Flight Options, Sentient Jet, Nextant Aerospace and Constant Aviation–announced this morning that it is buying fractional provider Flexjet from Bombardier for $185 million. The transaction is expected to close by year-end, pending U.S. government approvals.
Total GA airplane billings in the first half of the year reached $10.4 billion, an increase of more than 25 percent over the same period last year, according to statistics released last month by the General Aviation Manufacturers Association (GAMA). The tally marks the first time since 2008 that the industry revenue has exceeded $10 billion in the first half of the year.
Air charter broker L’Voyage, Bombardier Business Jets sales representative Sino Private Aviation and business aircraft broker Jetcraft announced a one-year charity project to support the Hong Kong committee for Unicef’s “28 Days to Save a Child’s Life” fundraising campaign. The three companies pledged to raise more than $136,800 to support the campaign, which aims to provide more than 2.2 million doses of vaccine to save children from tetanus, a preventable deadly disease. They will donate 5,688 doses of tetanus vaccines per charter flight and 32,500 doses per aircraft sold.
The first Embraer Legacy 650 super-midsize built in China completed its maiden flight yesterday. It was assembled by Harbin Embraer Aircraft Industry (HEAI), the joint venture between Embraer and Aviation Industry Corporation of China (Avic) that previously manufactured EMB-145 regional jets upon which the Legacy is based.
Prime Fraction Club, whose members buy shares in high-end boats and automobiles as well as aircraft, has added a new six-passenger AgustaWestland AW109 Grand to its fleet, which now features 10 helicopters. The pricing structure for the fractional ownership program offers one-quarter shares in an AW109S Grand at a buy-in cost of R$3.56 million ($1.55 million), in addition to a fixed monthly fee of R$34,724 ($15,074) for maintenance, hangar space and other costs.
Gulfstream Aerospace celebrated two milestones yesterday, August 14–the 55th anniversary of the GI’s first flight in 1958 and the 10th anniversary of the G550’s FAA certification in 2003. Powered by a pair of Rolls-Royce Dart turboprops, the GI was the first aircraft specifically designed and built for business travel, the company noted.
The business jet fleet is projected to grow by 55 percent over the next 12 years–to nearly 31,000 aircraft from about 20,000 today–according to the International Bureau of Aviation’s Business Jet Asset Report 2013, released on Tuesday. Much of the new growth is expected to come from new deliveries, “Implying many business jet models have a solid future ahead of them,” the group said.
Nextant Aerospace is showing its 400XTi small-cabin, light business jet at LABACE 2013, making it the model’s Latin American debut and following up a visit last year by the company’s 400XT. Brazil is seen as a major opportunity for the remanufactured version of the Beechjet 400A/XP, which Nextant believes is a perfect fit for many requirements in the region.