Oxford Airport is continuing to develop as a business aviation gateway for central and southern England, with the completion this month of a new 21,000-sq-ft hangar and the arrival of new based operators. The new Hangar 11 will be large enough for aircraft such as the Boeing Business Jet.
Very light jets (VLJs) were the topic of intense discussion at the Corporate, Air Taxi and Personal Jets conference held at the Royal Aeronautical Society in London, in March. With the world economy on its knees, the talk was less of VLJs cluttering the skies and more about making the most of a valuable breathing space.
European low-cost air taxi pioneer Blink has taken delivery of three more Cessna Citation Mustangs. It has four of the very light jets in service and another 26 on order, with five more due to arrive by October.
“We remain on course with the right product at the right time, offering value for money,” Blink managing director Peter Leiman said. “We beat our 2008 projections for revenues and our costs are under budget.”
European business aircraft charter operators and brokers face an unpredictable summer following a 25- to 30-percent downturn in bookings as a result of the recession. According to charter operators and brokers surveyed by EBACE Convention News, the slowdown gathered pace in the final quarter of 2008 and continues.
Although the U.S. remains the gold standard in aviation safety, a sharp rise in fatalities among on-demand air charter operations last year has raised a flag with the NTSB.
The economic downturn is giving manufacturers and operators of very light jets (VLJs) more time to prepare for the airplanes’ widespread entry into service, according to speakers at the Royal Aeronautical Society’s corporate, air taxi and personal jets conference in London on March 18 and 19.
A UK-based broker is seeking to capitalize on surplus capacity among Cessna Citation Mustang operators by offering a variety of fractional ownership and per-seat on-demand charter packages in the airplane.
Although the downturn in the economy has dampened the near-term prospects for the general aviation industry, demand for business aviation will expand over the long term, according to the most recent forecast from the FAA, which anticipates a growing U.S. and world economy.
New York City-based charter broker Revolution Air is seeing an increase in corporate charter flights as companies shed their aircraft assets. However, Revolution Air said, these companies still have a need for business aircraft lift, due to efficiency and security measures that are not “feasible on a commercial airline,” so they’re turning to charter aircraft to fulfill this requirement.
Half-year financial results published yesterday by charter broker Air Partner confirm the widespread perception that the business aircraft charter sector has taken a big hit from the global financial crisis. The UK-based group’s total sales (also including passenger airliner and freight charters) for the six-month period ending on Jan.