As demand for commercial air travel increases in India, business aviation entrepreneurs are clamoring for position in a classic chicken-and-egg scenario. Those who will be successful must make an early entry into the market, but they are severely limited in their ability to operate because the infrastructure to support general aviation is still being developed.
Donald Burr recently left air-taxi hopeful Pogo to “pursue other opportunities,” according to a company statement. Burr, with former American Airlines chief Robert Crandall, established Pogo in May last year to develop a national on-demand, regional-based air-taxi network using hundreds of very light twinjets.
At the EBACE gathering in Geneva earlier this year, the joint industry working group on business aircraft operations (IWG-BAO), which includes NBAA, the European Business Aviation Association (EBAA) and the General Aviation Manufacturers Association (GAMA), presented the initial findings of its work on corporate, fractional and commercial operations, with a view toward making a recommendation to the ECAC Task Force on fractional ownership.
For aircraft financers, insurance and the stability of the OEM are the main concerns when they consider the very light jets (VLJs), three of which are working toward certification next year.
Few if any Mustang orders are for very light (VLJ) jet air-limo operators, and Cessna seems neither surprised nor alarmed.
Embraer, which unveiled a new very light jet (VLJ) and a new light jet in May, sees a market for 2,515 VLJs between next year and 2015 and projects slightly less demand– 1,755–for light jets during the same period.
With Transportation Department Inspector General Kenneth Mead predicting the busiest summer travel season in six years, the Senate aviation subcommittee has been warned that capacity constraints are likely to cause congestion and get progressively worse before they get better.
Forecast International predicts that nearly 10,900 business jets worth $141 billion will be manufactured between this year and 2014. “Between 2005 and 2014, Cessna, Bombardier and Eclipse Aviation will lead the market in unit production,” said Raymond Jaworowski, the Newtown, Conn. firm’s senior aerospace analyst.
Piston Air Limos Getting the Jump on Pogo
The market for very light jets (VLJs) will be worth $2.52 billion over the next five years, according to a new study by UK-based consultants PMI Media. The report’s author, Philip Butterworth-Hayes, expects six VLJs will make it into service: the Adam Aircraft A700, Cessna Citation Mustang (the first of the breed to receive FAA certification), Diamond D-Jet, Eclipse 500, Embraer Phenom 100 and HondaJet.