Business jet

July 15, 2014 - 3:05pm

Bombardier Aerospace’s latest 20-year market forecast, released on Sunday at the Farnborough Airshow, shows a significant drop in anticipated deliveries of business jets compared with its forecast from last year.

The current forecast, which spans from 2014 to 2033, calls for deliveries of 22,000 business jets worth $617 billion. Last year Bombardier predicted demand for 24,000 business jets worth $650 billion from 2013 to 2032. These numbers are for aircraft segments in which the manufacturer competes, with its Learjets, Challengers and Globals.

July 15, 2014 - 2:41pm

Preliminary data suggests second-quarter results for business jet deliveries “will not be impressive,” according to J.P. Morgan North American Equity’s latest business jet monthly update. While its analysts note there are aircraft still missing from the database used to track deliveries, “Preliminary indications are that deliveries will fall short of estimates, with the possible exception of Gulfstream,” noted J.P. Morgan lead aerospace analyst Joseph Nadol III.

July 15, 2014 - 2:15pm

Embraer Executive Jets delivered 29 business jets in the second quarter, unchanged from the same period last year. However, this year’s mix is slightly more favorable–six Phenom 100s, 16 Phenom 300s, six Legacy 650s and one Lineage 1000, compared with 11 Phenom 100s, 12 Phenom 300s, five Legacy 650s and one Lineage 1000 in last year’s second quarter. In the first half, Embraer delivered a total of 49 business jets (39 light, 10 large) versus 41 (31 light, 10 large) in the first six months of 2013.

July 15, 2014 - 1:55pm

Annapolis, Md.-based international business jet and helicopter brokerage firm Avpro opened a new office at Chicago Executive Airport in Wheeling, Ill. The company’s new location, which is being managed by executive sales director Matthew Stringfellow, will help serve Avpro’s growing aircraft brokerage business in the U.S. Midwest, it said. Stringfellow joined Avpro in 2012 and has more than 11 years in business aircraft sales. Avpro has more than 30 employees worldwide.

July 10, 2014 - 3:31pm

The business jet market in North America continues to recover, while in Western Europe it is “off the bottom,” UBS Global Research aerospace analysts noted yesterday. “Bizjet deliveries into North America have grown modestly in each of the last several years and we anticipate further improvement in [this region] driven by pent-up corporate replacement demand,” they said.

July 10, 2014 - 3:20pm

Gulfstream expanded its safety management system (SMS) to include the sales and marketing department, making the company one of the first business jet manufacturers to implement an SMS for a non-manufacturing or service organization. “Having a standard and consistent approach to managing risks helps us enhance what we’re already doing: delivering and servicing the safest possible aircraft for our customers,” said Gulfstream senior vice president of worldwide sales and marketing Scott Neal.

July 6, 2014 - 5:35am

After five harsh years, the business aviation market is indeed showing signs worthy of optimism, according to responses from JetNet IQ’s most recent industry survey, released last month at the company’s fourth annual summit in New York City. Each quarter the company polls hundreds of business jet owners and operators to read the business climate they are facing, and in the latest round, 54 percent overall (and 59 percent of U.S.

July 5, 2014 - 3:35am

For new customers who might enjoy the benefits of flying from quieter airports, with fewer security hassles and on a more convenient schedule, the charter market can appear somewhat incomprehensible, especially when using smaller aircraft. William Herp, CEO of Concord, Mass.-based charter operator Linear Air, has what he sees as a solution to help bring lower-cost charter flying to a much larger audience: a nationwide charter market called the Linear Connect Digital Marketplace.

July 5, 2014 - 3:10am

Patrick de Castelbajac was named CEO of Avions de Transport Regional (ATR). He was previously head of contract negotiations for Airbus.

James Colleary was named president of Associated Air Center. He was previously COO and replaces Jack Lawless, who left the company.

The Middle East and North Africa Business Aviation Association appointed Benoit Defforge, managing director of Airbus Corporate Jets, and Renaud Cloatre, international sales director for Dassault Aviation, to its board of directors.

July 3, 2014 - 2:25pm

Some 13,030 business aircraft worth $325.6 billion (2014 dollars) will be delivered over the next 10 years, according to the Teal Group’s latest business aircraft forecast. This includes 9,361 traditional business jets worth $262.4 billion; 537 bizliners and regional jet conversions worth a combined $44.1 billion; and 3,132 business turboprops worth $19.1 billion.

 
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