With the official acknowledgement by NetJets that it will buy up to 275 Challenger 350s (100 firm, 175 on options), the Columbus, Ohio-based fractional share company becomes the worldwide launch partner for the new super-midsize jet, a distinction NetJets chairman and CEO Jordan Hansell all too happily embraced here in Geneva. Previously, although the order had been announced in June 2012, it was billed as being only for “Challenger 300-series jets.”
Europe will remain the second-largest market for new business jets over the next decade, accounting for approximately 29 percent of delivery volume and 34 percent of billings, according to the latest 10-year forecast from Embraer. Since it will continue to be the largest market for business jets–predicted to take delivery of nearly half of the aircraft during the forecast period–the U.S. will dictate the speed of the recovery, noted Embraer Executive Jets president Ernest Edwards.
Among the few economic forces behind the rather tepid recovery of the market segment covering small and medium-sized business jets, perhaps the most influential rests with the world’s financiers. While the large business jet segment remains buoyant due to its comparative immunity from the vagaries of liquidity availability, for the rest of the market a lack of attractive financing terms remains a serious problem, according Pratt & Whitney Canada (PWC) president John Saabas.
During the first quarter of this year, Air Charter Service saw overall growth of 12 percent, with 20 percent year-over-year growth in its executive jet division. The London-based charter brokerage was founded in 1990 by chairman Chris Leach and now includes 17 offices on five continents. Annual revenue is more than $420 million.
Last December, Dassault Aviation named Eric Trappier as its new chairman and CEO. The 52-year old Frenchman, who was previously the group’s international executive vice president, succeeded Charles Edelstenne when he retired on January 8 after more than half a century of service to the Dassault group.
EBACE attendees can finally get a glimpse of the Gulfstream G650’s cabin interior–the “widest and longest of any dedicated business jet,” according to the manufacturer–in an actual airplane.
Last year, the ultra-long-range twinjet made its EBACE debut sans interior, meaning show-goers could view it only from the outside, although a cabin mockup was at the company’s booth. This time around Gulfstream (Booth 7061) has brought a G650 with a full production interior to Geneva, and it is available for viewing during EBACE in the static park.
Gulfstream Aerospace announced yesterday at EBACE that it is bolstering its sales, marketing and aircraft support presence in Europe as the Gulfstream fleet continues to expand, apparently unabated by any lingering economic uncertainty. In fact, there are now 246 Gulfstreams based in Europe–182 in Western Europe and 64 in Eastern Europe–more than double the number as recently as 2006, the U.S. aircraft manufacturer said.
Nextant Aerospace has chosen EBACE to launch the 400XTi (the ‘i’ stands for innovation), the latest evolution of the remanufactured light business jet. Compared to the 400XT, the new version introduces a number of improvements, including an all-new cabin that offers more space and reduced noise.
The new Embraer Legacy 500 made its first appearance outside Brazil as it flew here from Brazil to EBACE, where it is on display in the static park. Yesterday, Embraer Executive Jets president Ernie Edwards reported that the airplane successfully underwent cold-soak tests in a freezing hangar at Eglin Air Force Base in Florida following its first leg from São Jose dos Campos, Brazil. The next leg was a short hop to Embraer’s U.S. manufacturing facilities in Melbourne, Florida, where guests viewed the airplane and order-holders defined their preferred interior configurations.
Montreal-based simulation and training provider CAE (Booth 372) has announced here at EBACE new training programs, expanded offerings and contract extensions for and within the business aviation community.
CAE RealCase Troubleshooting for maintenance training, introduced at the show, uses the same principles behind the RealCase recurrent training developed for pilots, incorporating recent real-life event scenarios. The training is available for the Dassault Falcon 7X, 900EX EASy and 2000EX EASy models.