According to the latest business jet market update from J.P.Morgan, recent data shows further weakness in the pre-owned business jet market. Used inventory rose to its highest level since late last year, while pricing showed another sequential decline, the firm said. Business jet flying bounced back, however, providing a glimmer of hope.
Just-released results from a comprehensive reader’s choice survey conducted by AIN sister publication Business Jet Traveler confirm that, contrary to what the general public seems to believe, many who fly privately do so primarily not to enjoy luxury but to enhance their efficiency.
Sentient Jet’s private jet travel and jet card sales continue to grow year-over-year, reaching levels not seen since before the onset of the financial crisis in 2008, the company said yesterday. “We started to see a sharp increase in jet card sales at the beginning of the year–a trend that continued throughout the summer,” said Sentient Jet president Andrew Collins.
Sound training can make all the difference to the prospects of passengers and crew surviving when an aircraft has to ditch in water. In the latest edition of AIN sister publication Business Jet Traveler Mark Phelps looked at the difference that training with specialists such as Survival Systems USA can make.
Associated Air Center, StandardAero’s bizliner completions center at Dallas Love Field, recently delivered its 23rd Boeing Business Jet (BBJ) completion, for an Eastern European-based energy company customer. The BBJ’s interior includes a large sitting area, custom-designed lavatory and bedroom. Also installed was a cabin management system complete with in-flight entertainment, Wi-Fi and flat-panel video monitors. Associated Air Center recently won a contract to outfit an executive Airbus A330-200.
Africa First, the first Boeing 787 Dreamliner destined for the African continent, touched down at Washington Dulles International Airport in northern Virginia on August 15, a day after Ethiopian Airlines took delivery of the aircraft from Boeing in Everett, Washington, and four years later than planned. On August 16, the aircraft departed for Addis Ababa’s Bole International Airport on its first revenue flight.
The Russian air force celebrated its 100th anniversary with a three-day airshow at Zhukovsky airbase near Moscow from August 10 to 12. The event underscored the resurgence of a service that had suffered years of retrenchment and under-investment after the demise of the Soviet Union. Russian military aviation is adding 180 new or upgraded aircraft this year and expects to add some 200 more next year.
Gulfstream Aerospace’s two newest aircraft–the super-midsize G280 and wide-cabin G650–are both on final approach to receive their respective FAA certification, the company announced yesterday.
Citing its own research and that of Corporate Jet Investor in the UK, Hawker Beechcraft expects strong growth in demand for business aviation financing in Brazil over the next five years.
The Wichita-based OEM said the study reveal that, in Brazil, 46.9 percent of experts anticipate demand for business aviation financing to increase “dramatically between now and 2017,” and 40.6 percent expect only a slight increase. Only China has higher expected growth, Hawker Beechcraft noted.
Cessna Aircraft announced today at LABACE that it has again increased the range–to 2,500 nm–of its in-development, midsize Citation Latitude. When announced at the NBAA Convention last year, the Latitude was originally expected to have a range of 2,000 nm. In February, Cessna stretched the airplane’s legs to 2,300 nm, and after further discussions with customers it decided to extend the range again, to 2,500 nm.
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