Business aircraft flying continued its positive trend so far this year, with activity climbing 1.1 percent last month from March 2013, according to the TraqPak data released yesterday by aviation services company Argus. Its analysts also estimate that overall flight activity this month will rise 0.4 percent from last year.
JSfirm.com, an online aviation-specific employment service, has released the results of its fifth annual hiring trends survey here at Heli-Expo. Based on responses from 400 companies across various sectors of the industry, the survey not only looked back at the results from the past year but noted some positive indications for the coming year as well. “This annual survey has proven to be accurate in past years at forecasting the hiring trends and is eagerly anticipated by the aviation industry,” said company manager Jeff Richards.
After a slight slump in November, business aircraft activity last month climbed 5.1 percent year-over-year, according to the latest TraqPak data from aviation services company Argus. Numbers were positive nearly across the board, hopefully positioning business aircraft flying off to a good start for this year.
The FBO industry should expect a flat market this year with spotty increases in fuel sales, according to the results of an annual FBO industry survey conducted by John Enticknap and Ron Jackson, principals of the Aviation Business Strategies Group (ABSG). Their findings, released today at the NBAA Schedulers and Dispatchers Conference in New Orleans, predict that approximately half the marketplace will see a small increase in fuel volume.
While Sikorsky Aircraft’s parent company, United Technologies (UTC), reported improvement in its second-quarter earnings compared with last year, the helicopter manufacturer itself experienced a decrease of 3 percent in sales, a 24-percent decrease in operating profit and a drop in return on sales of 2.8 basis points. In a webcast today, Greg Hays, CFO of UTC, attributed the decreases partly to weak military aftermarket sales, which he said were down 25 percent, and the fact that sequestration is making it harder to process orders for spares.
The Argus Prism annual audit of safety management system (SMS) implementations has been released and reveals deficiencies in areas different from those of the 2011 results.
According to Argus, “The objective of this report is to highlight those recurring problem areas found in SMS implementation and execution.”
Bad weather, fewer patient transports and a higher percentage of uninsured patients combined to create a surprise loss during the first quarter at Air Methods, the largest air ambulance provider in the U.S. CEO Aaron Todd hinted that the downturn was just temporary.
The roller-coaster recovery continued for business aircraft flying activity last month in the U.S., managing a 0.6-percent year-over-year gain after sustaining a 1.3-percent loss in June, according to the latest TraqPak data from aviation services company Argus.
Part 91 flying still leads in operational category segment, posting a 3.9-percent increase last month versus a year ago. Meanwhile, Part 135 charter activity was down by 1.9 percent and fractional flying dropped by 6 percent last month, largely mirroring the segments’ results in June.
Last week, JPMorgan economists lowered their global GDP growth forecast for the second half of this year by 0.5 percentage points, to 2.1 percent. “If it persists,” JPMorgan Equity Research said in its just-issued business jet monthly report, “the disappointing economic data should pressure new bizjet demand, further postponing a recovery in a market in which 2011 deliveries were still about 40 percent below the 2008 peak.”
While the number of business jet deliveries and overall industry billings continued to slide in the first quarter of 2012, there was a minor retrenchment for the turboprop segment, according to numbers released late last week by the U.S. General Aviation Manufacturers Association (GAMA). For the first quarter of the year, OEMs handed over 122 bizjets, a decrease from the 128 it delivered in same period last year, a decline of 4.7 percent, while the number of turboprops rose by two year-over-year, representing a better than 3-percent gain.
- Page 1