Finance

October 27, 2010 - 9:19am

According to JPMorgan’s latest business jet monthly report, improvement in the pre-owned market has stalled. However, it expects the trend toward lower ­inventories to restart and continue. The nearly 3-percent decline in pre-owned inventories in

October 26, 2010 - 12:02pm

A Delaware bankruptcy court could decide as early as today whether to allow Emivest Aerospace to continue operations after the company filed for creditor protection and reorganization under Chapter 11 of the U.S. bankruptcy code late last week. The maker of the $7.5 million SJ30 light jet indicated that it could obtain up to $4 million in debtor-in-possession financing to keep its doors open and continue to support the four in-service SJ30s.

October 26, 2010 - 11:54am

During a time when careful shoppers might be expected to make every effort to save money, the charter brokerage business has continued to grow, despite the fact that there is nothing stopping consumers from contacting charter providers directly and negotiating their best deal.

October 19, 2010 - 3:08pm

Conditions for general aviation businesses “have noticeably improved” in the year since the last NBAA Convention, according to New Jersey-based aviation consultant Brian Foley. “There’s an entire spectrum of the industry seeing these better results, including MRO, FBO, charter and fractional companies,” he said.

October 13, 2010 - 12:14pm

For more than a year, recovery mode in the pre-owned aircraft market has meant more an outflow than intake. Although the number of choices has decreased, there has been no corresponding increase in prices, making it extremely attractive for buyers. Currently, purchasing an aircraft is more about operating cost than it is about acquisition costs.

October 13, 2010 - 11:37am

A group of 24 airlines based in Europe and the U.S. yesterday issued a set of common principles they claim should underlie a new OEDC Sector Understanding on Export Credits of Civil Aircraft (ASU) to ensure a “level playing field” in the arena of export financing of Boeing and Airbus airplanes. The 24 airlines, which include 15 members of the U.S.

October 13, 2010 - 9:00am

A group of 24 airlines based in Europe and the U.S. yesterday issued a set of common principles they claim should underlie a new OEDC Sector Understanding on Export Credits of Civil Aircraft (ASU) to ensure a “level playing field” in the arena of export financing of Boeing and Airbus airplanes. The 24 airlines, which include 15 members of the U.S.

October 13, 2010 - 8:00am

Contract fueler and trip support specialist Colt International (Booth No. 6237) has made its initial entry into the aviation insurance business with the launch of Colt Risk Management Services (CRMS). Based on its experience working with more than 4,000 flight departments and operators, the company plans to provide custom coverage solutions for any avi­ation company.

October 12, 2010 - 12:33pm

According to JPMorgan’s latest business jet monthly report, released on Friday, improvement in the pre-owned market has stalled. However, it expects the trend toward lower inventories to restart and continue. The nearly 3-percent decline in pre-owned inventories in the 12 months following the July 2009 peak has “lost some steam” as levels have increased slightly (up 0.1 percent) for the second consecutive month in September.

October 7, 2010 - 5:09am

Here’s a short story that relates, I think, to the plight of the business jet.

 
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