As the business aircraft market continues to recover from the industry downturn, AIN took a look at recent forecasts from manufacturers as to where growth may be heading and the factors that are likely to affect it most.
Very light jet
The past year has been challenging but also marked a turnaround for Piper Aircraft. CEO Simon Caldecott has been on the job for a year, and the first decision he was faced with was huge: what to do about the single-engine PiperJet Altaire program. While just before last year’s NBAA show Piper had given every indication that the Altaire would continue, Caldecott used the occasion to announce that the program was being put on indefinite hold, although Piper has retained all the intellectual property developed for the Altaire.
Business aviation analyst Brian Foley believes that the Latin American market has been under-appreciated by the industry. “It currently accounts for 10 percent of all the world’s business jets, and it operates on a somewhat different economic cycle,” he said. While the European general aviation markets are essentially stagnant and the Asian markets appear to be slowing, Latin America “will continue to play a key role in sustaining what has been a troubled industry, hopefully until the U.S. market regains its strength,” he said.
UK-based ConnectJets this week at EBACE announced a loyalty program for jet-card customers who expect to fly a total of 25 hours or more in a year. Jet Card Europe starts at $6,006 per hour for very light jets, and ranges up to $7,458 for light jets and $9,900 for midsize jets. The card comes with several benefits, including guaranteed availability, no peak-day restrictions, no positioning costs, no monthly management fees, no extra fuel or airport surcharges and discounts on same-day return trips.
Michimasa Fujino, president and CEO of Honda Aircraft Co., announced recent certification milestones for the company’s HondaJet yesterday at EBACE, while unveiling new enhancements for the VLJ’s avionics and cabin management system (CMS).
ABS Jets is here at the ABACE show extolling the virtues of Asian operators using Prague as a “one-stop-shop” for their visits to Europe. “The Chinese market is developing fast and is generally seen as growing to become the key region for future growth, ultimately becoming of massive importance to business jet operators,” said Antonia Tomkova, the company’s commercial director.
While the trend of declining worldwide aircraft deliveries didn’t stop in the third quarter of the year, its pace did slow, according to statistics released last month by the General Aviation Manufacturers Association (GAMA).
Because of great strides in aviation technology, the FAA has issued a final rule that will require function-and-reliability (F&R) flight testing for all turbine-powered airplanes weighing 6,000 pounds or less, begin
I’ve been reading and thinking a lot about the late Steve Jobs. One thing that strikes me is how strange it sounds to precede his name with “the late.” Another is how few people like him are running companies today. I believe the number might be approximately…zero.
The ultra-long-range Gulfstream G650 is expected to receive FAA certification this year, as originally predicted in the timeline for the program when it was unveiled.