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UBS: Used Bizjet Inventory Falls after 18-month Rise
July 02, 2009
The pre-owned business jet market appears to have bottomed out last month, according to UBS Investment Research’s latest business jet update, released this morning. “Available business jet inventories stepped down 2 percent in June after sequential increases in each of the prior 18 months,” UBS aerospace and aviation analyst David Strauss noted in the...
moreRolls-Royce BR725 Engine Gets EASA OK
July 01, 2009
Rolls-Royce on June 24 received EASA certification for its 16,000-pound-thrust BR725 engine. The launch platform for the new powerplant is the Gulfstream G650, which is expected to fly by year-end. Since first engine run in April last year, the BR725 has completed all major development testing during almost 1,100 running hours and 3,500 engine cycles,...
moreTurbofan Pioneer Dr. Sam Williams Dies
July 01, 2009
Dr. Sam Williams, founder and chairman of Williams International, died June 22 at the age of 88, according to a statement issued by his company. Williams patented the small turbofan engine and built on his company’s successful development of tiny cruise missile engines to break into the rarefied world of civil turbine engine manufacturers with the...
moreBombardier Upbeat in Bizjet Forecast
July 01, 2009
In its latest forecast, Bombardier expects total deliveries of 11,500 business jets worth $256 billion between this year and 2018. The fleet will grow from 13,500 to 23,800 aircraft, predicts vice president of marketing for business aircraft Philippe Crevier, who points out that the industry is buffered in the current economic downturn by a $70...
morePlatinum Jet Cofounder Pleads
July 01, 2009
Andre Budhan, cofounder of defunct charter operator Platinum Jet, pleaded guilty to defrauding charter customers and brokers, as well as impeding and obstructing the FAA, in a case relating to the 2005 crash of a Challenger 600 at Teterboro (N.J.) Airport. In doing so, he admitted he and his conspirators booked and flew some 100 illegal charter flights....
moreCirrus Jet vision Resumes Flying
July 01, 2009
As Cirrus Aircraft’s prototype Vision jet single resumes flight testing with a new Garmin G1000 avionics suite, some buyers seeking refunds of deposits for the jet have experienced delays in obtaining their refunds. “We are returning deposits,” Cirrus CEO Brent Wouters told AIN, although some deposits have taken longer than the 45 days specified in the...
moreLatin American Event Opens Next month
July 01, 2009
The annual Latin American Business Aviation Conference & Exhibition (Labace) is scheduled to open August 13 and run for three days at Congonhas Airport in downtown Săo Paulo, Brazil. According to organizers, approximately 80 percent of the more than 100 exhibitors already signed up are U.S. and European companies eyeing a Latin American market that...
moreBizav industry hopeful in the face of OEM cutbacks
July 01, 2009
“Up slightly.” That’s the hopeful phrase often on the lips of those in business aviation these days when describing the health of the industry. Up slightly–ever so slightly in some cases–and in too many cases, not at all.Speaking at the NATA (National Air Transportation Association) Air Charter Summit and FBO Leadership Conference in mid-June, Dassault...
moreARG/US: Bizav Flying Activity Stabilizing
July 01, 2009
The gap between U.S. business aircraft flying activity this year versus last year continued to narrow in May, according to TraqPak data from ARG/US. While activity in May was down by 15.5 percent from the compared year-ago period, TraqPak data also indicates that business aircraft activity in May increased 3.3 percent from April. More good news is that Part...
moreFirst Gulfstream G250 Is Taking Shape
July 01, 2009
The first Gulfstream G250 super-midsize business jet had its Honeywell HTF7250G engines mounted on June 1 at Israel Aerospace Industries’ factory in Tel Aviv. The wing was mated to the fuselage on May 12, exactly one week after the first power-on test had taken place. The aircraft’s first flight is loosely pegged for “later this year,” while certification...
morePre-owned Bizjet Inventories Hold Steady
July 01, 2009
“Available business jet inventories look finally to be stabilizing,” UBS Investment Research noted in its latest business jet update, although pre-owned inventory remains at record-high levels, at 18 percent of the in-service fleet. While still 55 percent above prior-year levels, available business jet inventories were roughly unchanged sequentially in May...
moreSpectrum Completes First S.40 Fuselage
July 01, 2009
Spectrum Aeronautical sister company Rocky Mountain Composites completed a test article version of the all-composite S.40 Freedom midsize jet fuselage at its Spanish Fork, Utah manufacturing facility. The fuselage manufacturing demonstrator (FMD) is the first of a series and was built as a single piece using co-cured carbon/polymer material, also known as...
moreAerion Formal Launch in Late 2010?
July 01, 2009
Aerion last month at the Paris Air Show said it is nearing a decision on an aerospace manufacturing partner to lead the development and production of its supersonic business jet (SSBJ) design. According to the company, the next step is to carry out a pre-launch phase jointly with the OEM to confirm the Mach 1.6 jet’s performance, costs and market before...
moreParis Air Show Report
July 01, 2009
Event boosts the industry’s stock, but hard times linger
more