Jet Aviation has launched its own charter company after purchasing sole-proprietor charter operator K Services and naming the new charter division Jet Aviation Flight Services.
Bombardier reported $4.6 billion in revenues for its fiscal third quarter (ending October 31), which is on par with the previous year. However, third-quarter revenues at Bombardier Aerospace fell from $2.3 billion in 2008 to $2.1 billion due to fewer aircraft deliveries, namely a 42-percent drop in business jet shipments. During the quarter, Bombardier delivered 33 business jets versus 57 in 2008.
Jet Aviation has purchased charter company K Services and now for the first time is the holder of a U.S. Part 135 charter certificate. Before its acquisition in November 2008 by Gulfstream owner General Dynamics, then foreign-owned Jet Aviation had planned to develop its own charter company but halted that effort and entered into an agreement to broker charter flights to Priester Aviation.
Bombardier today reported $4.6 billion in revenues for its fiscal third quarter (ending October 31), which is on par with year-ago earnings. However, third-quarter revenues at Bombardier Aerospace fell from $2.3 billion last year to $2.1 billion this year due to fewer aircraft deliveries, namely a 42-percent drop in business jet shipments. During the quarter, Bombardier delivered 33 business jets versus 57 last year.
This week here in Dubai, Fokker Services (Stand E556) is set to launch plans to stretch the service lives of short- to medium-range regional aircraft. The company, part of the Fokker Aircraft Group that is owned by Stork Aerospace, supports a global fleet of some 700 operational Fokker turboprop and jet airliners.
Around the time of the last Dubai Airshow in November 2007, the prospect of getting into the Middle East’s burgeoning business aviation market must have seemed like a license to print money.
The business aircraft charter market is down by at least 15 percent this year, but VistaJet (Stand E540) expects to achieve 20-percent growth for 2009, and it wants to establish a more permanent presence here in the Middle East through a local partner that would help it to connect with prospective charter clients. It is investigating options to expand into markets such as Saudi Arabia and Egypt.
In a ceremony here yesterday, Bombardier Aerospace and Lufthansa Technik cemented an agreement that will make the latter’s cabin management system standard on the Canadian OEM’s new, all-composite Learjet 85.
The cream has risen to the top and has not gone sour is how Comlux would characterize today’s charter market, which is to say that demand for high-end, airliner-class aircraft has held up well in relation to the marked downturn still being suffered by operators of smaller jets. This explains why the Swiss-based group has come to Orlando (Booth No.
Organizers of the second Asian Aerospace show in Hong Kong (September 8 to 10) have claimed progress in developing the new show in tough market conditions. According to Reed Exhibitions, the amount of exhibitor space sold was up 60 percent on the inaugural September 2007 event (even though the total number of individual exhibitors was actually down, to 356 from 575).