Embraer Executive Jets delivered the first of up to 125 “Signature Series” Phenom 300s to NetJets during a ceremony on May 1 at the aircraft manufacturer’s Phenom assembly facility in Melbourne, Florida. In October 2010 NetJets placed a firm order for 50 of the specially outfitted light jets, with options for 75 more. Including all options, the order is worth more than $1 billion.
The 2013 Asian Business Aviation Conference & Exhibition (ABACE) at Shanghai’s second airport, Hongqiao International, held from April 16 to 18, served as a reminder of how far China and the rest of Asia still have to go to reap the benefits of business aviation.
Embraer Executive Jets delivered the first of up to 125 “Signature Series” Phenom 300s to NetJets during a ceremony yesterday at the aircraft manufacturer’s Phenom assembly facility in Melbourne, Fla. In October 2010 NetJets placed a firm order for 50 of the specially outfitted light jets, with options for 75 more. Including all options, the order is worth more than $1 billion.
MRO specialist StandardAero has appointed Firoz Tarapore, director and member of the company’s executive committee, as interim president and CEO. He replaces Rob Mionis, who resigned from the company. The Dubai Aerospace Enterprise subsidiary also appointed David Smoot, CEO of Dubai International Capital, as vice chairman.
NetJets has filed lawsuits against Signature Flight Support and Landmark Aviation in an attempt to force the two FBO chains to extend contracted high-volume fuel discounts to Support Services clients at NetJets aircraft charter and management arm Executive Jet Management.
Global Jet, a charter/management firm headquartered in Geneva, has added new business jets to its fleet and re-launched its website to deliver more information about its services and the aircraft that it has available for charter.
Beijing-based Deer Jet launched the first fractional aircraft program in China today in Shanghai at ABACE 2013. Deer Jet, which has 30 business jets spanning 13 types in its charter and management fleet, is currently selling shares in a Gulfstream G450 and G550, the latter of which it has on static display this week at the show.
The Deer Jet “Time Share” program is customized for the Chinese market and is targeted to customers who fly between 100 and 300 hours per year. There are two distinct products under Time Share: fractional aircraft shares and block charter.
The China Corporate Jet Alliance, founded last year at ABACE as the “China Business Jet Shanghai Alliance” to promote the sustainable growth of the business aviation market in China, inducted four new members today at ABACE 2013.
NetJets’ joint venture in the People’s Republic of China is making headway since announcing its entry into the country’s private aviation market during last year’s ABACE. “We are continuing to make great progress in gaining approval from the Chinese government to establish operations in China,” NetJets told AIN. “We are on target now to have approval in the first quarter of 2014.”
NetJets says that it has made good progress with its joint venture in the People’s Republic of China since announcing its entry into the country’s private aviation market during last year’s ABACE. It will begin by managing and chartering aircraft that are wholly owned by customers, rather than launching into fractional ownership as it did several years ago in the U.S. and Europe. However, fractional aircraft and card services may be added later as the market for private aviation services in China continues to develop, it noted.