Fuel provider Air BP has released dates for its nationwide two-day safety and quality-control seminar series. Airport personnel, pilots, FBOs and flight department employees are invited to learn about current safety regulations with trainers Walter Chartrand and Dave Ware.
Business aviation investor consultant Brian Foley Associates is seeing signs that the pre-owned business jet market could bottom out as early as this summer. “That’s not to say there’ll be an immediate decrease, just that [pre-owned inventory] won’t get much higher,” noted company president Brian Foley.
NBAA and the General Aviation Manufacturers Association (GAMA) have begun television and newspaper advertising for their ‘No Plane No Gain’ initiative to tout the utility of business aircraft and to counter severely negative images, generated during the bailout debate, of corporate executives jetting about the country in plush cabins with cushy seats and wood-paneled interiors.
After a grueling quarter of massive price destruction, a wave of opportunistic buyers has begun to surface and infiltrate the pre-owned jet market. The current economic environment coupled with the public flogging of private jets and their owners has created a sea of discounted jets in all shapes and sizes. There is a growing perception by many that now is the time to buy.
Business aviation investor consultancy Brian Foley Associates is seeing signs that the pre-owned business jet market could bottom out as early as this summer. “That’s not to say there’ll be an immediate decrease, just that it won’t get much higher,” noted company president Brian Foley.
Lufthansa Bombardier Aviation Services (LBAS) has announced the official launch of its customer loyalty program, Maintenance Plus.
In October, oil companies Chevron Global Aviation and Phillips 66 Aviation announced new rewards programs for fuel buyers, which allow flight operations to give the rewards to any employee instead of limiting rewards to pilots. Rewards in the new programs are merchandise cards and in Chevron’s case gas cards as well.
Last year demand for pre-owned business jets and turboprops remained strong. High oil prices and financial turmoil, however, have applied the brakes and inventories are reaching new highs. Buyers are waiting for the deals to come to them, leaving airplanes languishing on the market longer and sellers accepting less just to get out of the market.
Chevron Global Aviation launched a fuel buyer reward program called FlyBuys that offers gas and merchandise gift cards as rewards. FlyBuys is Chevron’s first aviation reward program since the merger of Chevron and Texaco in 2001. Pilots can open their own FlyBuys account, or flight departments can pool cumulative points using one account and hand out rewards as gift cards to anyone in the organization.
The ISIS Group has ordered 10 copies of the Hawker Beechcraft Hawker 400XP light jet, worth more than $70 million with options, to be leased from ISIS by Indian charter operator Aviators India in Bangalore. Half of the order will be delivered next year with the remaining five of the 400XPs due in 2010. Hawker Beechcraft’s sales partner in Delhi, InterGlobe General Aviation, helped Hawker win the order and will maintain the fleet.