Business jet demand “remains weak, but is not getting much worse,” JPMorgan Investment Research noted in its latest business jet monthly report. This sentiment is reflected in its forecast of 2 percent growth in business jet deliveries for next year.
Cessna has firmed up its plans to build business jets in China by sealing a joint venture with China Aviation Industry General Aircraft Company Ltd. (Caiga) to assemble and sell Citation XLS+ models for the Chinese market.
China’s Nanshan Jet placed an order for a Gulfstream G650 today at Airshow China 2012 in Zhuhai. The charter operator, with bases in Beijing, Shanghai and Shenzhen, is a subsidiary of the Nanshan Group. It is expected to take delivery of the new very-high-speed, ultra-long-range jet in late 2014 or early 2015 and is third G450 next year.
Hongkong Jet announced today at Airshow China 2012 that it is adding a fourth Airbus Corporate Jet ACJ to its managed aircraft fleet. According to the company, this makes Hongkong Jet one of the largest operators of Airbus ACJs in the region. The company has added 12 aircraft within the last 12 months.
Hawker Beechcraft, set to become simply Beechcraft Corp. when it emerges from U.S. bankruptcy protection in late February, has confirmed the allotment of funding for research and development of new turboprop and piston single-engine aircraft. Late last month, the company announced it would shut down its business jet lines to focus on its more successful turboprops and piston-powered aircrafts.
Bombardier Aerospace’s third-quarter revenues were flat at $2.3 billion year-over-year, but pre-tax profits at the Canadian aircraft manufacturer slipped by $6 million, to $123 million. Meanwhile, net deliveries of both regional airliners and business jets stood at 57 aircraft in the quarter, down from 68 a year ago. However, it added net orders for 83 aircraft and built a book-to-bill ratio of 1.5:1, compared with net orders for 34 aircraft during the same period last year.
Citing its intention to emerge from Chapter 11 bankruptcy protection as the standalone Beechcraft Corp., Hawker Beechcraft notified employees yesterday that it will begin the process of closing Hawker Beechcraft Services facilities in Little Rock, Ark.; Mesa, Ariz.; and San Antonio. The Wichita-based OEM also affirmed that approximately 240 employees will be affected at these locations.
Bombardier has appointed Flying Colours of Peterborough, Ontario, and its subsidiary JetCorp Technical Services of St. Louis as authorized service facilities (ASF) for its Learjet and Challenger business jets. Flying Colours is known for its new green Challenger 850 completions as a Bombardier- authorized completion center.
This formation of 27 Eclipse light jets was part of a larger group that descended on Branson Airport in Missouri for the Eclipse Owners Club Fall Fly-In last month. Forty-three of the twinjets met up in what was one of the largest gatherings of the same model private jet ever to land on a field at one time. Eclipse Aviation built 261 of the EA500s before it went bankrupt in 2008. Eclipse Aerospace, which acquired the company’s assets, announced it has restarted production with deliveries of the updated Eclipse 550 expected next year.
Visitors to the Africa Aerospace & Defence show (AAD 2012), held in September at South Africa’s Waterkloof Air Force Base near Pretoria, might have been excused for thinking that they had arrived at a business aviation convention. While the exhibition halls groaned under the weight of armored vehicles, the outside static aircraft display was dominated by an impressive array of corporate and private jets.