Bombardier Aerospace’s first-quarter revenues declined year-over-year by 8.6 percent, to $2.1 billion, the Canadian aircraft manufacturer reported today. Bombardier executives attributed the lower quarterly revenue in part to the sale of its Flexjet fractional ownership business last year and lower sales of pre-owned aircraft. Meanwhile, its order backlog for both commercial and business aircraft grew to a record $38.5 billion, 40 percent of which is for aircraft under development.
Embraer’s revenues in the quarter rose by $157 million, to $1.242 billion, while profits climbed from $30 million in the first quarter of 2013 to $110.6 million in the same period this year. At its Executive Jets division, first-quarter revenue soared to $267.4 million, up from $175.3 million a year ago. Embraer delivered 20 executive jets (17 light and three large) in the quarter, compared with 12 (eight light, four large) in the same period last year.
China, as Asia’s largest prospective market for business aviation, always seemed an obvious choice as the location for the Asian Business Aviation Conference & Exhibition (ABACE). But with demand for business aviation now bubbling in other parts of Asia, and the industry having to show patience in waiting for China to fulfill its potential, some have questioned whether organizer NBAA might consider freshening up the event in some other venue.
FlightSafety International will build a new learning center in Columbus, Ohio, replacing the current facility there that dates back to 1999, the company announced today. Construction of the new facility will be completed in two phases, it said.
Phase one, scheduled for completion in December, will include a 55,000-sq-ft facility to house six full-motion flight simulators, 13 pilot and maintenance training classrooms, 12 briefing and debriefing rooms and 12 graphical flight-deck simulators.
Bombardier Aerospace’s Singapore Service Center has entered into an agreement with Honeywell Aerospace that will allow the MRO to offer retrofit, modification and upgrade services for Honeywell products to operators of Bombardier business jets in the region. Operators will see simplified logistical arrangements as they will no longer have to leave Singapore for complex avionics upgrades.
Used business jet prices saw their strongest month-over-month gain in more than a year last month, according to J.P. Morgan’s North America Equity Research. Statistics released yesterday in the company’s April Business Jet Monthly report show the used business jet market showed a 1.9-percent rise, only the second sequential increase since the start of last year and a trend the company views as an indicator that stronger new jet demand is approaching.
Embraer delivered 20 business jets during the first quarter of this year, compared with just 12 during the same period a year earlier. The 66-percent increase in deliveries in the company’s executive jet business accompanied an increase in its overall, firm-order backlog to $19.2 billion from $18.2 billion during the quarter, driven mainly by a firm order for 50 E2 E-Jets to India’s Air Costa during the Singapore Airshow in February.
Deer Jet, China’s largest fleet operator, has launched its “General Aviation Equity Fund,” with the goal of increasing investment in general aviation services, such as FBOs and MROs, in China. The fund is anticipated to generate 2 billion RMB in investment capital in the first round, towards a total of 5 billion RMB. Deer Jet announced the fund here at ABACE 2014
Training specialist FlightSafety International signed a multi-year agreement with Chinese business jet leasing firm Minsheng Business Aviation yesterday at ABACE 2014. Under the deal, FSI will train pilots, maintenance technicians, flight attendants and dispatchers for Gulfstream G450/550 operators Beijing Capital Airlines and Shanghai Deer Jet. Most of the training will take place at FSI’s Hong Kong learning center, which opened in 2012. FSI also named Paul Statskey as its new program manager at the Hong Kong facility.
Dassault Aviation rolled out the 250th Falcon 7X this week at the aircraft manufacturer’s Charles Lindbergh Hall in Mérignac near Bordeaux, France.
The milestone trijet entered final assembly earlier this year and will fly to the Falcon completion center in Little Rock, Arkansas, in June. It will be delivered to its customer before year-end.