There were 136 private jets registered in India as of mid-March, according to new data published by the Firestone Management Group. Over the past 36 months, no fewer than 43 aircraft have been delivered to customers in India, representing a growth rate of 46 percent. Nearly 70 percent of India’s business jets are less than 10 years old, representing 95 of the total.
China’s business aviation sector took a leap forward last year when the number of private jets registered in the country went into three figures for the first time, reaching a total of 116, according to a report published today by the Firestone Management Group.
Emirates-CAE Flight Training (ECFT) has announced the addition of a full-flight simulator (FFS) for the Bombardier Challenger 604 to its training center, located here in Dubai. The CAE-7000 Series level D FFS will join a fleet of sims replicating the flight characteristics of more than a score of business jets, and is expected to be ready for training in the first half of 2012.
Soaring sales of its business aircraft family have prompted Hawker Beechcraft to enlist ExecuJet Aviation to boost its product support network here in the Middle East, as well as in Africa and Australasia. In a recently agreed partnership, ExecuJet has been appointed to run service centers for the U.S. manufacturer here in Dubai, as well as in Lagos, Nigeria, Cape Town and Lanseria in South Africa, Melbourne and Sydney in Australia.
The number of business jets in China is set to soar from the current 100 or so to between 700 and 900 by 2019, according to manufacturer projections made at this week’s China International Aviation & Aerospace Exhibition in Zhuhai. Bombardier did its bit to help make this a reality when it announced a $121 million deal for five Challenger 300s from Donghai Jet, which is based in southern China.
Hawker Beechcraft recorded an operating loss of $20.7 million in the second quarter, bringing first-half losses to $45.8 million. Second-quarter net sales at the Wichita-based aircraft manufacturer fell $177 million year-over-year, to $639.3 million.
In its latest business jet market prediction covering the next 10 years, Forecast International calls for worldwide production of 11,277 business jets worth an estimated $197 billion. According to the report, total production will decline for the next two years to a low of 716 aircraft in 2011 before beginning its rise through the end of the forecast period.
The Middle East could lead the troubled business aviation industry out of its lingering downturn. This was one of the headline projections from the latest edition of Honeywell Aerospace’s (Stand A470) annual market forecast published last month at the National Business Aviation Association Convention in the U.S.
Last year aircraft manufacturers were struggling to expand their service networks and capabilities to help a growing number of operators worldwide keep their aircraft flying safely and efficiently. Order backlogs were at record highs and manufacturing and product support resources were stretching thin.
Eighteen months ago, the business aviation industry was happily floating in a sea of black ink. Now, a year-and-a-half later, it’s drowning in red ink. And it’s debatable whether the end of the economic recession is in sight or whether it’s a good idea to hang onto the life preservers just a little longer.