Gulfstream Aerospace president Bryan Moss had hard numbers here at the EBACE show yesterday as evidence of business aviation’s improving fortunes. The Savannah, Georgia-based manufacturer plans to deliver 111 green aircraft this year and 127 next year, versus 89 last year. By some measures those are not big numbers, but to Gulfstream, which builds some of the highest value aircraft in the industry, they indicate a market in fine health.
Charter broker Air Partner will this summer relaunch its Jet Membership block charter program under the new name JetCard. The new offering will promise maximum flexibility with customers free to opt for a full, no-quibble refund on flight hours bought at any time.
NetJets Europe has bought a pre-owned Raytheon Beech 1900D twin turboprop to ensure timely positioning of flight crews, aircraft technicians and spare parts throughout Europe. Raytheon Airline Aviation Services has laid out the aircraft with a 12-passenger forward cabin and toilet separated by a movable bulkhead from an aft freight compartment that is loaded via a cargo door.
If Berkshire Hathaway’s first-quarter results are any indication, its NetJets subsidiary will record a profit this year, which would be a reversal from $80 million in losses incurred by the fractional aircraft provider last year.
Former Gulfstream and NetJets Aviation executive Bill Boisture has resurfaced at Washington, D.C.-based private equity firm The Carlyle Group as a senior advisor to the aerospace and defense team. In this role, Boisture, 60, will identify promising investments in the aerospace, defense and business services sectors and will provide management, industry and marketing guidance to existing portfolio companies.
Members of the Teamsters union that represents mechanics, aircraft fuelers and other support personnel conducted what they called "informational picketing" at the NBAA Convention this week and elsewhere against their employer, fractional provider NetJets.
Raytheon announced a broadening of its Hawker product line by introducing the Hawker 900XP and the Hawker 750, both derivatives of the Hawker 850XP. The models will replace the Hawker 850XP when they begin entering service.
As the Raytheon Hawker 800XP that on August 28 collided with a sailplane in Nevada prepared to land, one of the jet’s passengers cinched up his seat belt and the inboard portion of the belt fitting detached. The passenger moved to another seat and the same thing happened again.
NetJets Europe has placed a “historic” $1.1 billion order for 24 Dassault Falcon 7Xs scheduled for delivery between the first quarter of 2008 through 2014. NetJets chairman and CEO Richard Santulli said the transaction, signed in Paris this morning with Dassault Aviation chairman and CEO Charles Edelstenne, is the “largest business jet order in European history and the second largest order ever” in terms of billings.
Preparing for future growth of its U.S. and European operations–and in spite of mounting losses–fractional ownership giant NetJets has placed orders for 72 business jets valued at more than $1.6 billion.