Cleveland-based fractional provider Flight Options announced three new buyer-incentive programs. Until December 16, buyers of a three-thirty-second share (75 hours of annual usage) in a new Hawker 400XP will get an extra 25 occupied hours per year (a total of 100 hours) with no additional capital outlay.
August is typically a slow month for sales activity on pre-owned aircraft, but growing backlogs for new aircraft are keeping the pump primed for used-aircraft sales this summer.
Are you back to full production yet?
At the time of our acquisition, we needed to restart the production line and reignite the supply chain. Six months later, we are on course to meet our production target for 2006 and will significantly increase it in 2007. Conservatively, I would anticipate full production with a renewed supply chain to be in full effect in 2008.
Last year, representatives for Aero Products Component Services (Booth No. 1223) realized that the company was running out of warehouse and overhaul space. That’s not necessarily bad news, and the helicopter support company has since expanded with a 10,500-sq-ft addition at its Tempe, Ariz. corporate headquarters.
When Aircraft Technical Publishers released its Navigator V regulatory data software in 2004, there was one key element missing: the ability to view manufacturer maintenance data from the software interface. Now users of ATP’s regulatory and maintenance data can view both types of information directly in the latest version (release 6) of Navigator V, which runs on Windows PCs.
Bombardier Aerospace officially opened earlier this month a 56,000-sq-ft parts distribution center in Frankfurt, Germany. The Canadian OEM began increasing parts availability in Europe in February by adding inventory to its London warehouse. These and other efforts to improve parts availability and distribution speed are part of an effort by the company to significantly upgrade customer support.
The last time used-jet offerings reachedthe current level, the number of aircraft on the market was on an ascent, whereas this time around the market continues a three-year trend toward lower ground, solidifying pricing as the trajectory dips further. It has been nearly five years since the pre-owned jet inventory held fewer than 1,600 aircraft for sale, and the reduction comes amid an ever-increasing fleet of aircraft.
Fuel on Demand (www.fuelondemand. com), which debuted in November at the NBAA Convention, is a national program offering jet-A at “cost plus 25 cents per gallon” pricing, with no minimum or maximum purchase. The program is designed to provide participants lower and more predictable fuel prices compared with volume-based programs.
Duplicating the superheated activity that defined the pre-owned market last year doesn’t look likely as this year’s used landscape begins to take shape. Early indications during the first quarter point to a market cooling to a more normal level. After a few consecutive years of lower-trending inventory, which as recently as January dipped below 1,600, the market has turned tail and now is closer to the 12-month moving average.
Sino Swearingen has selected Global Jet Services as the maintenance training provider for its new business jet, the SJ30-2. In the coming months the Simsbury, Conn.-based firm will develop an eight-day basic course available at the OEM’s San Antonio headquarters, as well as on site at customer locations. The SJ30-2 was certified last October, but deliveries have yet to start.