XOJet announced today that it is promoting Bradley Stewart to company CEO, effective February 7. Stewart, who has been president of the fixed-price aircraft charter firm since 2010, was previously an executive with Parthenon Capital Partners and McKinsey. Current CEO Blair LaCorte will remain active with the charter company as a member of the board of directors. LaCorte will also retain his role as senior advisor to XOJet’s owner, TPG Portfolio, with which he has been affiliated since 2005.
A record number of pre-owned business jets changed hands worldwide last year, with 2,240 retail sales transactions logged, up from the previous peak of 2,181 in 2007, according to data released yesterday by business aircraft research firm JetNet. This high point follows three years of gains from the low of 1,539 transactions in 2009, the company added.
Duncan Aviation’s parts consignment program sold $1.07 million in consignment parts and rotables last year and saw the number of consigners increase by nearly 30 percent. Customer parts are stored in Duncan’s warehouse until sold. During the process, the consigner retains title to the inventory. Duncan Aviation also protects the consignor in case the purchaser defaults on payment and maintains insurance against casualty and subsequent loss.
Jet Support Services (JSSI) announced Neil Book has been named president and CEO, and Louis Seno will serve as chairman emeritus and special advisor to the board of directors. Robert Book will act as chairman of the board and industry veteran Bryan Moss and Joe DaGrosa will both serve as vice chairmen of the board. Susan Marr continues as a member of the board, general counsel and chief administrative officer of JSSI, as well as chief executive officer of Aviation Insurance, an affiliate of JSSI.
AirQuest Aviation is a fixed-base operation 20 miles northeast of Pittsburgh in Butler County, Pa. It offers charter, FAR Part 61 flight training, aircraft management services and Part 145 maintenance, repair and overhaul for piston singles through midsize jets.
Despite the outward appearance of growth with the recent announcement about the addition of Bombardier Global 6000s to its fleet, NetJets Europe is seeking further voluntary redundancies from its pilot workforce in response to prolonged softening in demand for fractional shares and jet cards, the company confirmed. It has begun a consultation process with flight crews, repeating an exercise that it embarked on three years ago at the height of the financial crisis.
The European Helicopter Safety Team (Ehest) has published a “training leaflet” for single-pilot operations, in a bid to curb accidents stemming from poor decision-making. The document highlights common errors and suggests strategies to prevent a pilot from being caught in a fatal spiral of events after having chosen the wrong option.
Hawker Beechcraft, which is in the process of restructuring under U.S. Chapter 11 bankruptcy protection, posted a $33.8 million net loss on sales totaling $149.9 million last month. In documents filed with the U.S. Bankruptcy Court in New York earlier this week, the company reported spending $1.5 million on restructuring costs, $5.4 million on reorganization items and $8.8 million on research and development.
Raymond Conner has been promoted to president and CEO at Boeing Commercial Airplanes; previously he was senior v-p of sales and customer support for commercial airplanes. He succeeds James Albaugh, who will retire in October.
Embraer Executive Jets has tapped Jay Beever, previously new product interior design manager at Gulfstream, as v-p of interior design.
Sir Ralph Robins, formerly CEO and executive chairman of Rolls-Royce, has been named non-executive chairman of UK-based global aviation services provider Gama Group.
Boeing’s well-documented development struggles with the new 787 Dreamliner raised questions over the wisdom of its plan to reduce the number of its suppliers and to place more responsibility with them for design and management of their own supply chains.