Business Jets: In 2007 demand for business jets surges
Air BP is offering a new handbook, Introduction to Aviation Fuels Handling, to FBOs and line personnel. The handbook offers new line personnel an overview of the airport-fueling environment, according to author Mike Mooney. The handbook reviews many aspects of the aviation business and cites real-life examples to show
the consequences of errors in the airport environment.
Cessna announced a new satellite-based, centrally managed parts inventory system for its Citation service centers. The system allows each center easy access to inventory availability at any Cessna-owned facility; previously, each center managed its own inventory. Separately, the Wichita-based aircraft OEM conducted a two-year study of repeat orders to establish sufficient inventory requirements for the most sought-after parts.
TAG Aviation USA has purchased Signature Flight Support’s charter sales network based at John Wayne Airport in Orange County, Calif., a business unit Signature acquired when it bought the AMR Combs chain in the late 1990s. Inquiries for charters at Signature’s more than 40 locations throughout the U.S. will still be referred to the California location for fulfillment. Under Signature, the flights were booked on a variety of charter providers.
Teledyne Controls has released its new E-Services online information service.
The service is designed to provide Teledyne’s customers, partners and suppliers with a secure Web-based portal to conveniently access vital information.
At nearly the halfway point, this year continues to build on what has been an 18-month-long trend of lower pre-owned inventory and stabilizing prices among most models, especially late-model and current-production aircraft. In late 2002, pre-owned inventory rose above 2,050 units and has since backed off to 1,814, roughly a 12-percent decline.
West Star Aviation is now the only FBO and Air BP the only fuel supplier at Walker Field in Grand Junction, Colo., following West Star’s purchase of Timberline Aviation. However, West Star president Bob Barry promised he will maintain the former Timberline’s fuel price margins and aircraft tiedown rates. “We intend to keep fuel prices regionally competitive,” he said.
Dassault Falcon’s customer service organization has completed the initial phase of a comprehensive initiative to improve the quality of service customers to its call center receive.
It has been an extraordinary year in the pre-owned business jet sales arena. Offers coming in above what some considered unrealistically high prices represented the norm, with sellers often bailing out of deals for fear they would find no suitable replacement aircraft. An unprecedented period of super-heated activity in the last 12 months was bolstered by lengthy backlogs for new aircraft.
The price of admission to taking the high road continues to ratchet upward as consecutive quarter-over-quarter activity has been high since late last year. Currently the roster of used aircraft for sale stands at 1,708, about 35 aircraft below the 12-month moving average. Roughly 35 of the 1,708 are aircraft positions, an actively traded segment of the market where sales can carry seven-figure premiums.