Business jet charter, sales and acquisition firm Zenith Jet released a “bottom-up segment dynamics” forecast that predicts 10,940 business jets worth some $208 billion will be delivered this decade. While these numbers are similar to other industry outlooks released over the past year, “Where our forecast differs is that it is built upwards from a segment perspective.
Boeing Business Jets has already sold a dozen of its new 787s for configuration as private aircraft, and the independent completion centers are climbing the learning curve required to install interiors in an all-composite fuselage.
Hawker Beechcraft recorded an operating loss of $20.7 million in the second quarter, bringing first-half losses to $45.8 million. Second-quarter net sales at the Wichita-based aircraft manufacturer fell $177 million year-over-year, to $639.3 million.
ARSA Cautions Clinton on Aviation Exports
General aviation deliveries experienced an overall drop in the first quarter from the same period last year, according to numbers released last month by the General Aviation Manufacturers Association, but the decline was not as severe as that seen between 2008 and 2009, adding fuel to the speculation that the industry may have weathered the worst of the recent downturn.
An uneasy pall has settled over the aviation industry. Clouds of volcanic ash form impenetrable barriers, forcing constantly altered flight paths, while first-quarter aircraft deliveries dropped to a worrisome low.
The first-quarter numbers from the General Aviation Manufacturers Association (GAMA) released yesterday show an overall 15-percent drop in general aviation aircraft deliveries compared with the previous year–from 459 to 390 aircraft. However, billings increased 7.1 percent to $4.64 billion, thanks largely to international deliveries of large-cabin, long-range business jets.
Hawker Beechcraft has appointed Hawker Pacific Singapore the first authorized service center in Southeast Asia for the Hawker 4000. With this addition, the Hawker Pacific Singapore Service Center is now accredited to support the entire Hawker Beechcraft product lineup.
This week’s gathering here in Geneva is the tenth staging of the annual European Business Aviation Convention & Exhibition (EBACE). Yesterday’s edition of EBACE Convention News explained how the show quickly captured the industry’s imagination in its first four years. Today, AIN picks up the story in 2005 and runs through the highlights of shows from the second half of the last decade.
Today it’s hard to believe but in 2001 when the new European Business Aviation Convention & Exhibition (EBACE) was launched not everyone was convinced it would be a success. Now, with the 10th annual event being held this week, EBACE has established itself as the undisputed gathering place for Europe’s business aviation community and indeed for the wider global industry. Here AIN reflects on