Pre-owned business jet, turboprop and helicopter markets showed early signs of improvement in the first half of this year, which is expected to be a second year of correction leading to sustained growth in 2012, according to market information provider JetNet. The company reported 15.3-percent growth in pre-owned business jet retail sale transactions through June compared with the same period in 2010.
Kestrel Aircraft has selected Honeywell’s TPE331-14GR to power its all-composite single-engine turboprop. The Brunswick, Maine-based company was founded by Alan Klapmeier, co-founder of Cirrus Aircraft, to bring the former Farnborough Aircraft F1 Kestrel turboprop to market.
Both the U.S.-registered business jet and turboprop segments worldwide experienced more fatal accidents in the first half of this year, compared with the same period last year, according to preliminary figures compiled by AIN.
JetNet’s results from its quarterly iQ Global Business Aviation Survey, which garnered responses from 506 business aircraft owners and operators in 57 countries, indicate that about 40 percent plan to buy a new or pre-owned business jet or turboprop over the next 12 months. “The industry appears to be on the verge of a significant rebound in net orders,” it noted.
ATR has revealed another of its previously undisclosed customers–Nordic Aviation Capital (NAC). Yesterday at the Paris Air Show the Danish lessor and aircraft trading company placed a firm order, valued at $450 million, for 10 ATR 72-600s, with 10 options for more.
The first raw materials for Pratt & Whitney Canada’s new regional turboprop demonstrator have begun to arrive at the company’s Longueuil plant in Quebec as technicians prepare to assemble the compression system for the NGRT (next-generation regional turboprop).
Final assembly of GECI Aviation’s multi-purpose twin-turboprop SK-105 Skylander is to begin in the second half of this year, with a first flight scheduled for the second half of 2012 leading to type certification expected during the first half of 2013. This is six to nine months later than the original plan outlined by the French company.
Here at the Paris Air Show, ATR is showcasing its newly certified ATR 72-600 in the livery of Royal Air Maroc. Meanwhile, the European airframer’s final assembly line in Toulouse is to ramp up production of the 70-seater by 40 percent–in part driven by expectations of significant new orders to be placed at Le Bourget this week. Plans for a 90-seater could be firmed up next year.
After posting a slight 0.4-percent drop in April, business aircraft flight activity in the U.S. returned to positive territory last month, with a 2.7-percent year-over-year gain as a result of more flying at Part 91 private operators and fractional providers, according to TraqPak data released yesterday by aviation services company Argus.
Business aircraft flight activity in April dipped by 0.4 percent from a year ago, due primarily to a 7.7-percent drop in Part 135 turboprop flying, according to TraqPak data from aviation services company Argus. The fractional and Part 91 markets each saw flight activity increase, by 6.5 percent and 2.5 percent year-over-year, respectively.