Saying it is “confident in the strong, long-term potential of the business aircraft industry,” Bombardier Aerospace released a 20-year forecast on Friday that predicts deliveries of 24,000 business jets worth $650 billion in the segments in which the company competes. Bombardier’s latest business aircraft market forecast anticipates 9,800 aircraft deliveries worth $269 billion from 2013 to 2022 and 14,200 aircraft worth $381 billion from 2023 to 2032.
Dassault Aviation comes to this year’s Paris Air Show with two newly certified business jets: the large-cabin Falcon 2000S and Falcon 2000LXS. Both received EASA and FAA approvals in March. The first Falcon 2000S was delivered in April to a Turkish customer. Deliveries are scheduled to begin in the second half for the 2000LXS, when it replaces the 2000LX.
By the end of June, Kelly Ortberg, currently president of Rockwell Collins, will transition into the CEO seat following the retirement of chairman and CEO Clay Jones. Ortberg, 52, has worked for Rockwell Collins (Chalet B19, Hall2b,Stand D108) for the past 26 years, including running both the commercial aviation and government businesses as COO.
The pre-owned business jet market showed “incremental weakness” last month, according to the latest business jet monthly report from J.P.Morgan North American Equity Research. “A single month does not make a trend, but May used-market data, including a sequential increase in inventory by 0.4 percentage points and 3.6-percent decline in pricing not seen since the first half of 2009, suggest that business jet demand will remain weak,” it said.
Montreal-based business aircraft services firm Zenith Jet has revised its 10-year business jet forecast in the aftermath of the recent EBACE show. The updated prognostication now foresees delivery of 9,234 business jets worth $255 billion from 2013 to 2022, down about 1.8 percent from the 9,400 aircraft in its previous forecast released in February but $2 billion more in billings.
As Pratt & Whitney Canada (Chalet (A) 330) saw revenues from its business jet engine segment suffer through one of the industry’s steepest downturns in history, the company’s highly diversified product line has allowed it to, as P&WC president John Saabas put it, “ride the wave” of fortune in other sectors and consolidate its leading position in the small engine business.
According to economist Brian Beaulieu, 2015 will be the start of a strong economic rebound in the U.S. Speaking last week at the third annual JetNet IQ Summit in New York, Beaulieu, CEO of financial data analyst ITR, added, however, that he expects another fiscal slowdown next year before the start of the upswing cycle.
Embraer Executive Jets named Brenda Paauwe-Navori as the Western region regional sales director for its large and ultra-large business jet division. She previously managed sales for a business aircraft manufacturer and a fractional ownership firm. Paauwe-Navori has experience in market strategy and prospecting, financial analysis and customer loyalty, Embraer said. She has also been employed in airline charter work, including a stint as senior director of large-cabin sales and operator relations for Virgin Charter and VIP Inflight Liaison at Northwest Airlines.
Nextant Aerospace launched the 400XTi (the i stands for innovation), the latest evolution of the remanufactured light business jet, last month at EBACE. Compared with the 400XT, the new version introduces a number of improvements, including an all-new cabin that offers more space and reduced noise.