Russian aircraft interiors specialist AviaPrestige has forged an alliance with business aviation services group Avcom to make cabin refurbishment more readily available to aircraft owners in Russia. At Jet Expo this week in Moscow, the company announced that it has established a facility within the Avcom’s engineering base at Moscow Domodedovo Airport so that interior work can be done while aircraft are undergoing maintenance there.
Switzerland-based VistaJet named Dexter Aviation, a Moscow-based Pilatus PC-12 charter operator, as its Russian partner. Under the arrangement, announced last week, VistaJet will lease two of its yet-to-be-delivered Challenger 605s to Dexter, which will base the large-cabin jets at one of Moscow’s airports when they arrive in the third or fourth quarter.
Charter operator JetFlite International has found that growing competition has made doing business in traditional strongholds in the U.S. much more difficult, and thus the company has expanded its services to tap new sources of revenue. This includes serving new markets in Russia and other countries and the October 2011 opening of JetFlite’s FAA-approved Part 145 repair station at the company’s Long Beach, Calif. headquarters.
Moscow-based shared-use program Jet Travel Club (JTC) officially started operations last week. JTC members can make non-commercial flights on the club’s two CitationJets and two Hawkers and use an area in the VIP terminal at Moscow-Domodedovo Airport. Membership is not limited to Russian nationals; foreign citizens can buy a JTC card for access to the club’s Russian-registered business jets.
Charter and management firm JetFlite International (JFI) has signed a partnership agreement with Moscow’s Best-Jets to help JFI penetrate the Russian market. Named JFI Russia, the new entity comes partly as a result of Best-Jets acting as JFI’s handling agent in the country for the past five years.
A partial flotation of state-owned Russian Helicopters on the London and Moscow stock markets was postponed last week after potential investors failed to subscribe. The joint stock company’s major shareholder, Oboronprom, was offering new and existing shares exceeding $500 million, implying a total value for the company of between $1.8 billion and $2.4 billion. This was the first such offer of a company in Russia’s defense industry.
The Russian government intends to combine Sheremetyevo and Vnukovo airports into a single state-owned entity to renovate them and eventually sell them to private operators, according to plans laid out by Prime Minister Vladimir Putin. The Russian government owns 100 percent of Sheremetyevo and 75 percent of Vnukovo, with the remaining quarter (worth approximately $1.5 billion, according to reports) owned by the city of Moscow.
Russia represents a fast-growing region and increasingly popular destination for business aviation, with a significant rise in traffic between Moscow and the Middle East, in particular. VIPport (Stand E315) offers business and VIP travelers a world-class gateway to the Russian capital at the Vnukovo-3 airport, where a comprehensive support center for business aviation has been established.
Jet Aviation Moscow Vnukovo recently announced that it has expanded its base and line service maintenance coverage to include Bombardier Challenger 300s and Gulfstream G200s under its EASA 145 maintenance approval. The operation has continuously expanded its service capabilities since it became a legal Russian entity in May.
A new market forecast by the Moscow-based Central AeroHydroDynamics Institute predicts that the number of Russian-registered business aircraft could exceed 600 by around 2023 to 2025. Today, many aircraft owned by Russian individuals and companies are registered offshore to avoid the bureaucratic and tax restrictions that would be imposed if they were registered in Russia.