Travelers Aviation has increased its aircraft hull coverage limit to $50 million. The new ceiling will allow Travelers to insure larger general aviation aircraft, including jets such as the Gulfstream G550, Falcon 7X and the Bombardier Global Express. Both Travelers Flight Plan Preferred and Travelers Flight Plan Premier policies will now have capacity to insure this new hull limit for eligible accounts.
Delta AirElite Business Jets
Delta Air Lines’ “realignment” of its regional subsidiaries reached the top levels of management last month, when Delta senior v-p of strategy and business development Fred Buttrell became president and CEO of Delta Connection. Buttrell replaced long-time Comair CEO David Siebenburgen, considered by many the father of the regional jet movement in the U.S.
The sales inventory of pre-owned corporate jets has nearly doubled in two years, according to statistics obtained from JetNet of Utica, N.Y. A consistent month-over-month increase in inventory, which began in December 1999, has pushed the number of used business jets up for sale to nearly 2,000. Consider that in 1997 the inventory level was at a low of 737 units during a time when buyers were clamoring for business jets.
Executive Airlines (Booth No. 1529) has made a spectacular takeoff and confirmed its position as Spain’s second-ranking business aircraft operator. The Barcelona-based group plans to almost double its fleet from 19 aircraft to 29 within two years, highlighting the huge growth of the Spanish market.
The 2008 Singapore Airshow was staged at an impressive new purpose-built site from February 19 to 24, and business aviation had a strong presence both on the static display and on the Singapore news agenda. Some 35,000 trade visitors were expected to stream through the gates to visit more than 800 exhibitors located in an impressive 430,000-sq-ft hall.
In October, after announcing that it planned to offer a next-generation Learjet for the midsize jet market, Bombardier said that it considered the new Learjet NXT jet a “staged launch” and planned to reveal more details this year.
As unclear as Flight Options’ future is, the situation at Flexjet is even less defined at this time. According to industry sources, a “significant” deal is pending that would involve the assets of Flexjet and charter operator Delta AirElite Business Jets. An announcement could come as early as this month.
Delta AirElite, which has operated an aircraft management and charter service since 1991 when it was still Comair Jet Express, took a step toward further expansion last month with the announcement of its Delta AirElite Fleet Membership block-charter program.
Delta Airlines’ Comair Jet Express, hoping to expand its global presence as an on-demand charter and aircraft management provider, has changed its name to Delta AirElite Business Jets.
Forecast International of Newtown, Conn., released its most recent 10-year outlook, The World Market for Business Jet Aircraft, at the Farnborough Air Show last month.