Business jet demand has not recovered in line with corporate profits as it has in the past. J.P. Morgan aerospace analyst Joseph Nadol III attributes the sluggishness to “the stigma attached to bizjets during the recent recession and a focus on cost cutting among corporate customers. We estimate that 2013 U.S. corporate profits were up about 50 percent from the 2008 trough, whereas bizjet deliveries have yet to turn up decisively.”
Dynamic Systems is offering what it promotes as a low-cost tracking system for MROs and FBOs using the latest bar code technology. Total Track System tracks tools, maintenance, equipment, work orders, inventory, capital assets and job costing. Bar-code data collection has proved to be the most accurate and efficient method of tracking or counting items.
Fresh Jets formally launched its online live empty-leg platform in March, offering a new way for charter users to be introduced to charter operators. Instead of just listing inventory that may or may not exist, Fresh Jets is a software system that charter operators and corporate travel departments can use to take advantage of empty legs.
The National Transportation Safety Board (NTSB) issued two new safety alerts at Heli-Expo 2014 covering maintenance procedures (SA-032) and simulator training (SA-031).
Aviation insurance provider USAIG (Booth No. 4907) has recently enhanced the benefits for its rotorcraft customers. Operators that insure through the company are now eligible for Performance Vector, a safety program that offers a range of programs to helicopter operators. Complimentary training includes human factors for pilots and maintenance technicians, Z-Coach sleep-enhancing strategies and tools as well as reimbursement for line service training.
National Transportation Safety Board (NTSB) vice chairman Christopher Hart and a panel of industry and government experts shared “lessons learned from helicopter accidents” at a wide-ranging panel discussion at Heli-Expo yesterday. Topics discussed included maintenance, simulation and training and the advantages on-board video and data recorders provide in accident investigations.
Last year “should mark a bottom” for the business jet market, but the path of recovery is “unclear,” according to J.P.Morgan’s latest business jet monthly report. “We estimate that there were about 650 business jet deliveries last year, which would represent a 43-percent decline over five years. Deliveries in 2014 should be up–we estimate by about 10 percent–with help from new and upgraded platforms,” it noted.
Heli-One has enhanced its website so customers can go to its helicopter Exchange Parts Inventory Channel (Epic) pages. The Epic feature enables customers to do more by connecting them to two searchable databases: Heli-One’s exchange component pool database or its surplus parts inventory database of almost 1,900 items.
Precisely where the newest digital media can and should converge with the flight simulation technology used to deliver aviation training content will be the primary topic of the Royal Aeronautical Society’s November 20th flight simulation conference in London. David Coplin, chief envisioning officer for Microsoft UK, will deliver the keynote address.
For the first time since the used jet market began to unravel, inventory sits below the level of October 2008. Year-over-year for the past four years, more inventory has been departing the market than has been arriving onto the market and this year could prove a continuation of that trend, with inventory already below last year’s 12-month moving average as the market enters what is historically the most active quarter for aircraft sales.
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