Boom times will not quickly return to the business aviation marketplace, but the pace of aircraft orders should start picking up slightly over the next 12 to 18 months. Deliveries, however, will drop slightly this year and next, before getting back on a growth curve. These are the predictions of the latest Honeywell Aerospace Business Aviation Outlook report released here at the NBAA show on Sunday evening.
Flight Options announced yesterday that it is adding the Cessna Citation X to its current stable of 10 aircraft models, with the first five aircraft becoming available on November 1.
When TAG Aviation took over Aeroleasing in Switzerland and Aviation Methods in California, and finally Wayfarer Aviation on the East Coast, all in 1998 and 1999, the aim was to set up an operation that would be active in all major markets.
Deliveries of new business jets continue to grow despite the slow economy and, according to Honeywell’s 10th annual business aviation outlook, the market will remain healthy in the near term with purchase expectations up in all regions.
“Both the postponement of the 54th Annual Meeting and Convention and its re-scheduling for December were in response to the needs of our members,” Jack Olcott, NBAA president, told AIN.
“We oppose this proposal in every part and recommend that it be withdrawn.” This was the terse comment from fractional pilot Thomas Gasta to the FAA’s proposed regulations covering fractional aircraft ownership. The proposal, whose comment period is closed now, received more than 200 responses. The vast majority of the responses supported the notice of proposed rulemaking (NPRM) in its entirety or with minor suggested changes.
While few seemed quite sure what to expect from the postponed NBAA Convention, those who made the trip to New Orleans last month generally expressed satisfaction with the number of attendees and the atmosphere of the show overall. The rescheduled event was held December 12 to 14 inside the Ernest N. Morial Convention Center as the rest of the city was launching into its unique brand of holiday revelry.
Thanks to a group of academic economists from Harvard and Stanford, we now know that the U.S. economy has been in a recession since last March. But despite academia’s confirmation of what most of us had already figured out on our own, the World Wide Web–and by extension the e-commerce business model–is not on the verge of extinction.
It was a challenge. A big one, admittedly, but as Stuart Oran discovered, much bigger than originally envisioned.
Marc Fruchter, 55, who started Fruchter Aviation in 1982 and built it into one of the largest FBOs at Reading Regional (Pa.) Airport, is selling the business to company president Jeffrey Alderfer. Fruchter was in the forefront of the controversy between charter operators and fractional providers even before he became a member of the Fractional Ownership Aviation Rulemaking Committee.