Business jet

May 17, 2014 - 4:00am

The world’s leading business jet manufacturers posted financial results for the first quarter of 2014 in the weeks leading up to this year’s EBACE show. Overall, the latest numbers are somewhat encouraging in the context of the industry’s slow recovery but there are significant variations in the details. Here AIN provides a summary of the main conclusions.

Bombardier Aerospace: Bizjet Deliveries Up, Backlog Grows

May 15, 2014 - 2:40pm

Luxembourg-based business jet charter, maintenance and brokerage firm Luxaviation acquired London Executive Aviation (LEA) this week, making Luxaviation one of Europe’s largest business aviation groups. With a fleet of 26 aircraft, ranging from the Beechcraft King Air 200 to the Dassault Falcon 2000LX, LEA is the largest business aviation charter operator in the UK.

May 15, 2014 - 2:25pm

According to an analysis released this week by UK-based charter firm Hangar8 Aviation, a 28-percent year-over-year rise in sales of London properties worth more than £5 million last year is fueling demand for private jets because overseas buyers are purchasing many of these properties. Hangar8 said the number of business flights into London’s busiest business aircraft airports increased 6 percent year-over-year in the first quarter, which equates to approximately 300 additional flights.

May 13, 2014 - 3:28pm

At 0300 UTC tomorrow, Brazil is opening registration for business aviation slots during the 2014 World Cup, which will take place from June 12 through July 13 at 12 cities across the country. Civil aviation administration agency ANAC also announced fines of up to $40,000 and even suspension of pilot certificates if commercial and general aviation flights don’t comply with the slot restrictions.

May 8, 2014 - 3:37pm

Demand for charter flights is set to rise over the next 30 days as the European and North American markets gear up for the traditionally busy northern hemisphere summer season, according to data from online charter portal Avinode.

May 7, 2014 - 3:15am

The Spike Aerospace S-512 supersonic business jet concept has a unique feature that would set it apart from any other passenger jet, a windowless cabin. The benefits of building a fuselage without windows are significant, according to Spike Aerospace president and CEO Vik Kachoria.

May 3, 2014 - 6:00am

The business jet market has finally stabilized after five long years and is poised for growth this year, according to two outlooks presented at the NBAA Aircraft Finance, Registration and Legal Conference, held on February 6 and 7 in St. Petersburg, Fla. “Take a look around, because this is the recovery,” JetNet iQ director Rollie Vincent told attendees. Dean Roberts, director of market analysis at Rolls-Royce North America, concurred, saying that the industry is now “progressing well.”

May 2, 2014 - 2:45am

The Middle East’s gray market for charter is more active than in other parts of the world, despite efforts to crack down on it, and can represent up to 20 to 40 percent of bizjet flights, depending on the time of year, aviation officials said at MEBAC in Riyadh last month.

May 1, 2014 - 4:00pm

The business jet industry continued to build on its delivery momentum from last year, according to first-quarter delivery statistics released today by the General Aviation Manufacturers Association (GAMA). OEMs handed over 154 business jets worldwide in the first three months, a 19.4-percent increase over the 129 delivered in the first quarter of last year.

May 1, 2014 - 3:10pm

Bombardier Aerospace’s first-quarter revenues declined year-over-year by 8.6 percent, to $2.1 billion, the Canadian aircraft manufacturer reported today. Bombardier executives attributed the lower quarterly revenue in part to the sale of its Flexjet fractional ownership business last year and lower sales of pre-owned aircraft. Meanwhile, its order backlog for both commercial and business aircraft grew to a record $38.5 billion, 40 percent of which is for aircraft under development.

 
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