Stock market

October 1, 2011 - 12:10am

While the pre-owned market has had to grind it out over the last couple of years to turn a deal, buyers have made a considerable dent in the number of choices since then, with 500 fewer aircraft available compared with the number of choices at the peak. As the industry heads into what is typically one of the most active periods of the year, the trend should continue.

May 23, 2011 - 3:35pm

Russian Helicopters postponed its offering of “ordinary shares and global depositary receipts” last month. Board member Andrei Reus said he believed “market participants will benefit from more time to reflect upon the true value and growth potential of the business.” When announced in April, the total size of the IPO was expected to exceed $500 million.

April 30, 2011 - 11:20am

On March 28, David Sokol resigned from his job as chairman of several Berkshire Hathaway-owned companies, including fractional-share provider NetJets. NetJets president Jordan Hansell took over as chairman and CEO.

March 30, 2011 - 1:57pm
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David Sokol has resigned from his job as chairman of several Berkshire Hathaway-owned companies, including fractional-share provider NetJets. According to a statement issued late this afternoon by Berkshire Hathaway’s Warren Buffett, Sokol’s assistant submitted the resignation letter to Buffett late in the day on Monday, March 28.

March 26, 2011 - 6:15am

Chinese companies are at the forefront of efforts to provide the capital needed to expand that country’s business aircraft fleet via finance and operating leases. Beijing-based Minsheng Financial Leasing has already acquired 32 jets and expects all of these to be in service with operators in China by year-end–at which point it intends to have extended its portfolio of aircraft ordered to around 50.

May 26, 2010 - 9:58am

Despite teetering over the abyss of economic collapse and having to overcome negative public perception surrounding corporate jet ownership, the used aircraft market has battled back, slowly and perhaps surprisingly consistently, chipping away at a glutted market. Month after month since late 2008, buyers have stepped into the market and pared back the numbers to arrive at the lowest inventory level in a year-and-a-half.

November 2, 2009 - 6:50am

ASI Group told AIN at the NBAA Convention last month that recently it has seen a 25-percent increase in customers’ international business jet operations. “The past 90 days have been the most active in terms of international flights that we’ve seen this year,” ASI Group president Charlie LeBlanc said.

October 21, 2009 - 10:46am

ASI Group told AIN at the NBAA Convention yesterday that it recently has seen a 25-percent increase in customers’ international business jet operations. “The past 90 days have been the most active in terms of international flights that we’ve seen this year,” ASI Group president Charlie LeBlanc said.

September 30, 2009 - 6:37am

The good news is that the bad news seems to have subsided for the time being and business aviation’s recent negative publicity served to make aircraft that much more affordable.

June 30, 2009 - 10:12am

The radical shifts in business aviation over the past year were the focus of last month’s 16th annual Corporate Aircraft Transactions seminar held in New York, hosted by Insight. While examining how most aspects of the industry have been affected, many participants expressed their surprise at how fast the industry was overtaken by the economic downturn.

 
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