An old axiom for Wall Street players advises to “sell in May and go away” and clearly most investors would have done well to follow that advice last year, as the stock market began a several-month slide. The correlation of the stock market to the vitality of the aircraft market is easy to see when looking at used inventory levels from May and June a year ago and the ups and downs experienced since then.
For the uninitiated, China can be a scary place to consider establishing a manufacturing operation. Tales abound of product designs being copied, many well documented and ranging from high-end golf clubs to industrial fittings, movies, books and even electronic components.
“The U.S. business jet manufacturing industry is facing new challenges as it competes in a market environment characterized by tightened credit, uncertain government funding for research and development and new entrants into the industry,” according to a report published yesterday by the U.S. International Trade Commission (USITC).
Global businesses need global travel solutions. For many international business travelers that solution is an extra-long-range business jet.
Several examples of such jets are on display here at EBACE, as mockup or real aircraft. Imagine walking up the airstair, stepping inside, sitting down in the cabin and thinking what it would be like to be on this airplane for 12 or 13 hours. You might wonder, “Could I sleep in this seat? Will there be a flight attendant? How many other passengers would there be? Do companies really fly this jet to its maximum range?”
Lagging growth in Europe business aviation remains a concern, but encouragement is to be found in greater numbers of flights last year, according to Bombardier Aerospace in its current market forecast for 2011-30. Although utilization levels during 2011 were not back to pre-recession levels, business jet movements continued to improve, relative to the previous year, said the annual document. It noted that business aviation activity in the region 12 months ago was some 12 percent up on the second half of 2009 and 3 percent higher than in 2010.
Three years after entering service, Embraer Executive Jets’ Phenom 100 has surpassed 100,000 total flight hours. “This is a significant milestone achieved in such a short time,” said Luciano Castro, vice president of programs, Embraer Executive Jets.
Fractional ownership giant NetJets Europe (Stand 7051) is diversifying into aircraft management services. In an interview with AIN, sales director Marine Eugene explained that NetJets Aircraft Management has been established as a separate operation and will soon have its own air operator’s certificate (AOC). It will focus on large-cabin and long-range business jets, from the size of the Dassault Falcon 2000 upwards.
ViaSat (Stand 838) has said its Yonder Internet service is the fastest available for in-flight communications, with an almost global coverage. Those regions still missing are to be added by 2014, according to the U.S. company.
CAE (Stand 468) has announced it has become an authorized training provider for Bombardier’s Learjet 31 and Learjet 60, in addition to the Learjet 40XR, 45, 45XR, 60XR; Challenger 300, 604, 605; and Global 5000, Global Express and Global Express XRS business jets. Training for pilots ranges from classroom-based courses to level-D flight simulators.
NetJets Europe announced this week at EBACE that it is diversifying into aircraft management services. According to NJE sales director Marine Eugene, NetJets Aircraft Management has been established as a separate operation and will soon have its own air operator’s certificate. It will focus on large-cabin and long-range business jets, from the size of the Dassault Falcon 2000 upwards.