ExxonMobil confirmed to AIN that it has decided to exit the general aviation fuels business in the U.S. and dissolve its network of Avitat-branded FBOs.
Dow Jones Industrial Average
I recall being at first surprised, then relieved, by the oft-quoted statistic that aviation accounts for just 2 percent of global CO2 emissions. It seems like such a small amount in the grand scheme of greenhouse gases. But a recent report by the World Economic Forum cautions against complacency on the emissions front.
Continuing the recent trend of major oil companies scaling back their general aviation commitments, ExxonMobil confirmed to AIN today that it has decided to exit the general aviation fuels business and dissolve its network of Avitat-branded FBOs.
The flurry of new airliner orders in the first half of 2011, coupled with rising demand from other industries, has proved to be a boon to aluminum suppliers like Alcoa, which more than doubled its second quarter earnings in results announced on July 11. But subsequent stock market reaction, which saw Alcoa stock fall the next day, revealed how volatile the commodities sector can be.
Just days after commending President Obama for his June 28 visit to an Alcoa plant in Davenport, Iowa, Aerospace Industries Association (AIA) president and CEO Marion Blakey found his next day broadside against business aviation “baffling and disturbing.”
As part of an industry still struggling to recover from a recession and continuing attacks by the media and politicians alike, I was appalled by President Obama’s press conference Wednesday in which he used his bully pulpit to vilify corporate-jet owners. Not surprised. But appalled.
If start-ups are indicators of a healthy completion and refurbishment industry, there is cause for optimism in an industry that has been hard hit over the last several years. Recent months saw the creation of new centers, designers, vendors and consultancies as well as expansion by existing MRO facilities to include cabin outfitting.
As I flew home amid the screaming babies in the back of a packed 767 from Charles de Gaulle Airport to New York’s JFK, something struck me as different about this Paris Air Show, apart from the exceptional number of orders and so-called commitments the world’s civil aircraft manufacturers had managed to collect for broadcast at Le Bourget.
New Boeing analysis of future passenger- and cargo-capacity requirements confirms the trend toward ever-bigger jetliners, although its perception of global demand for large aircraft (400-plus seats) continues to oscillate. And the forecast sees only slight growth among regional jets, which have declined in number almost continually over the past 10 years. Overall, the U.S.
GE Aviation Systems has been quietly making the most of the downturn to plan an assault on aerospace markets dominated by other companies.