While the latest reports indicate a decline in the worldwide business jet charter market, certain parts of Southeast Asia are bucking the trend. Hong Kong, in particular, is flourishing. With five locally based operators and several international charter brokers in situ, China’s Special Administrative Region is bursting at the seams.
Association of Asia Pacific Airlines
A group of 24 airlines from the U.S. and Europe have allied to oppose export credit agency loan guarantees to foreign customers buying Boeing and Airbus airplanes. On its face, their argument seems logical: no longer do many of the airlines and lessors who get export credit agency support need government-backed loans.
Two new studies underscore the value of business aviation–and the high cost of not using it. Nexa Advisors studied the value of business aviation to Standard & Poor’s Smallcap 600 companies from 2005 to 2010.
An Airbus A380 test aircraft landed this week for the first time at Haneda International Airport in Tokyo, Japan, making it the 120th airport visited by the superjumbo airliner to date. During the visit, the aircraft confirmed Day One readiness of Haneda’s new international terminal by performing various airport compatibility checks.
One of the primary responsibilities of the European Regions Airline Association (ERA) is to do “everything possible to ensure that things do not get worse [for members] before they become better.” So said ERA policy and regulatory-affairs deputy director-general Simon McNamara at the group’s April 2010 conference in Edinburgh after two years of “most challenging trading conditions” had left European regionals flying through metaphorical clouds
Boeing has revised its 10-year forecast for the Asia-Pacific air transport market, and its new figure reflects a 37-percent increase over the previous total. Boeing’s original figure of 670 aircraft has been upped to 920, with a corresponding increase in value to $120 billion.
The Engine Alliance GP7200 engine is in the middle of a weight-reduction program that may further help sales as the General Electric-Pratt & Whitney joint venture is engaged in at least three campaigns: with Qatar Airways, Kingfisher Airlines and Vietnam Airlines. The engine maker (Hall 4 Stand A10) expects 19 Airbus A380s to be in service flying its turbofans by the end of the year.
In its latest current market outlook published last Thursday, Boeing projects a near-term increase in airline traffic growth, with global economies expected to regain lost ground in the next two or three years as they recover from the latest worldwide recession.
Malaysia Airlines will equip its incoming fleet of Boeing 737s with the Thales TopFlight satellite communication system. The airline placed a firm order in 2008 for 35 Boeing 737-800s, with an option for an additional 20 in a deal worth $4.2 billion at list prices. Boeing is due to deliver the first of those airplanes in October.