Raytheon Aircraft is now offering electronic dimmable window shade retrofits for all King Airs, more than 6,200 of which are in operation. STC holder InspecTech Aero Service is supplying the shades. Due to the “excellent customer response to this new product,” Raytheon said it is extending “promotional pricing” through April 20.
Cleveland-based fractional provider Flight Options yesterday announced three new buyer-incentive programs. Until December 16, buyers of a 3/32nd share (75 hours of annual usage) in a new Hawker 400XP will get an extra 25 occupied hours per year (a total of 100 hours) with no additional capital outlay. According to Flight Options, this equates to a savings of nearly $200,000.
Customers of Jeppesen World Fuel Services can now go online to view fuel prices and place orders at more than 1,500 locations worldwide. A new Web site provides price quotes, including taxes and fees, as well as pricing based on different uplift volumes. Users can store frequented destinations, search past fuel quotes and obtain the name of the into-plane provider.
Activity in the used jet sector continues to thrust ahead as another year-over-year decline in inventory served to strengthen prices among a number of models and appears poised to continue. During the last two years the used inventory averaged a 155 net decline and stands at 1,730 as AIN goes to press, a figure it hasn’t seen in four years.
Effective March 15, Signature Flight Support increased handling fees at its chain of more than 40 U.S. FBO locations. Signature said, “Customers who purchase two or more times the specified minimum fuel volume for their aircraft type at any U.S. Signature location will receive a 100-percent waiver of handling fees at all other U.S. Signature FBOs visited on the same day of their fuel purchase.”
2006 saw a rebalancing of the jet market
This year quickly established itself as one of “rebalancing” of used business jet of inventory and aircraft pricing. A string of back-to-back quarters of falling supply and corresponding price increases came to an end, but not before inventories dipped to their lowest levels since 2000.
"Business aviation should support the shift to user fees," urged Reason Foundation director of transportation studies Robert Poole, "if it is part of a comprehensive reform of ATC." He said user fees would enable the costly switch to a "network-centric" (more technology-based) ATC system that in his view would offset increased costs with potential savings from increased flying efficiency and fewer delays.
“Everybody is sensitive to the price of jet fuel,” said Steve Elefant, explaining why he founded fuel-pricing Web site AircraftFuel.com last year. The Web site’s purpose is simple: to consolidate discount and contract fuel programs in one place so pilots and dispatchers don’t have to go to each program’s Web site to find the best price.
Everyone in the industry knows that new and used business aircraft sales, prices and inventories generally follow the overall economy. But do the different classes of aircraft react differently to changes in the economy?