Boeing Business Jet (Booth No. 7051) expanded its product line of ultra-large business jets with modifications targeted at the smallest and largest of its models–“smallest” being relative only to airliner-size business aircraft.
The narrow- and widebody executive VIP completions market has been unaffected by the economic crisis, according to executives for Germany’s Lufthansa Technik. The Hamburg-based completions specialist has had no cancellations since the global recession began, and in fact has received three new letters of commitment from customers in the last six months.
Airbus’s VIP division continues to benefit from an industry segment that if not immune to the current economic recession and credit crisis, appears at the very least to be relatively unaffected.
Jet Aviation Basel, one of Europe’s largest completion facilities, has to live with the long lead times unavoidable in its business, but they can be a blessing in recessionary times. The company has a several-year backlog for large airline-sized aircraft and a little less for purpose-built business jets, which should allow it to bridge a possible reduction in new orders.
Is the bizliner immune to the current economic and financial crisis, or have slumping demand and order cancellations simply not yet caught up with that segment of the industry? Some among the narrow- and wide-body manufacturers say that executive segment of the industry remains relatively healthy and take a somewhat optimistic stance.
DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), yesterday signed an operating lease agreement with Garuda Indonesia covering eight Boeing 737-800s. The signing ceremony, attended by Indonesian president Susilo Bambang Yudhoyono, took place at the Ritz Carlton Hotel in Jakarta during the World Islamic Economic Forum (WIEF).
Ameco Beijing held a grand completion ceremony on March 18 last year for its A380 hangar, the biggest aircraft maintenance building in Asia.
BaySys International won’t say if it’s lobbying to be the first with an interiors contract for an executive version of the Airbus A380, but the Wallops Island,
Va.-based independent completion and refurbishment center is planning a hangar large enough to accommodate the giant.
Should anybody harbor any doubts, two recent events confirmed that the mid-decade airline-order boom has ended: Airbus announced A320 production cutbacks and Ryanair has come looking for bargain-basement prices for single-aisle airplanes. Airbus now plans to cut single-aisle production from 36 to 34 a month starting in October and possibly to a lower rate later.
Having badly burned its fingers with production delays on the A380 program, Airbus is determined not to fall into the fire again with its next large airliner program, the A350XWB. At a January 14 groundbreaking ceremony for the new widebody’s assembly line in Toulouse, France, Airbus COO Fabrice Brégier insisted that the company will achieve its goal of delivering the first airplane in mid-2013.