“I’m ready for the times to get better,” sang Crystal Gayle. So is the business aviation industry.
As the U.S. dollar becomes stronger, the general aviation industry will shift slowly from predominantly non-North American buyers to a more even mix since GA aircraft are priced in dollars, according to aviation market advisor Brian Foley of Brian Foley Associates. “This year the non-North American sales component helped arrest a further slide and has been the starting fluid for the downtrodden general aviation industry,” he said.
By November 2008, it was obvious that despite the best efforts of the drivers and most ardent wishes of the passengers, the economic bus was headed over the cliff.
Pre-owned aircraft broker JetBrokers has launched a European operation with offices in the UK and Switzerland. The new company trades in business jets, turboprops and helicopters and is set up to complete deals across Europe. Its portfolio already consists of almost 40 aircraft.
The three-day Asian Aerospace show kicked off today at AsiaWorld-Expo in Hong Kong, with the major business aircraft manufacturers attending in the hopes of tapping into what is expected to be an emerging market for business jets.
While economic considerations forced NBAA to cancel its first annual Light Business Aircraft (LBA) show originally scheduled for March this year, the organization is not ignoring the owners and operators of smaller aircraft and will include many of the educational offerings it had originally planned for LBA at the NBAA 62nd Annual Meeting and Convention, October 20 to 22, in Orlando.
David Schmidt has been named president of newly formed Tailwind Technologies subsidiary Hartzell Aerospace. He previously held senior leadership positions at Meggitt and Esterline.
St. Louis-based engineering services and structural component supplier LMI Aerospace has appointed Jim McQueeney president and CEO. Most recently he was
v-p for material with Gulfstream Aerospace.
It is the best of times to purchase a business jet…and the worst of times to finance it. That was the message to the 23 attendees at the ninth annual Conklin & de Decker Aircraft Acquisition Planning seminar, held recently in Scottsdale, Ariz.
An elaborate scam originating in South Africa threatens to bilk business aviation interests out of substantial sums of money, according to Canadian consulting firm Business Aviation Service Solutions (Bass). It has been investigating the aircraft brokerage scheme, which is linked to the 2010 FIFA Football World Cup Finals.
Jet Support Services (JSSI) made some changes to its leadership, naming Joe Hagin, former deputy chief of staff to President George W. Bush, its new CEO. The Chicago-based company also selected Kelly Simmons as its COO/CFO. Simmons was most recently president and CFO at software firm GlobalScape.