“While the pre-owned business aircraft market continues to show improvements, all indicators have been slow to recover in the first nine months of 2011,” industry research firm JetNet said in a market report released on Friday.
A few years ago at the NBAA show we witnessed more than 1,000 Dow points melt away during the three-day convention. That was the beginning of the biggest downward trend that corporate jet sales had ever experienced, and the remnants of the price carnage that ensued are still with us.
MRO and logistics software company Component Control (Booth No. C10533) is announcing the formal launch of its new Web Online RFQ parts and services search software here at NBAA.
At approximately 3:30 p.m. today, executives from Shell Aviation will present a $5,000 donation check to the Corporate Angel Network (CAN) at Booth No. C10235. The amount represents the value of points donated by members of Shell’s AeroClass pilot loyalty program over the past year.
Signature Flight Support launched a new program, dubbed Signature Select, that allows independent FBOs to use its same systems, service and safety standards, training, sales, marketing and purchasing power. Each member company maintains its independent brand with the addition of the Signature Select badge, Signature said.
Citing the “uncertain” economic recovery, Avantair has laid off about 20 employees, mostly at its FBOs that it owns and operates but also marketing staff in Cleveland, “to reduce costs and better position the company for its strategic future.” The company emphasized that “none of the reductions affects pilots or the safety, maintenance and service aspects of our operations.” As part of the move, Avantair has relocated
While the pre-owned market has had to grind it out over the last couple of years to turn a deal, buyers have made a considerable dent in the number of choices since then, with 500 fewer aircraft available compared with the number of choices at the peak. As the industry heads into what is typically one of the most active periods of the year, the trend should continue.
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Aerospace manufacturers recognize the need to deliver more comprehensive and valuable support to customers around the world, but they have failed to adequately respond to the challenge, according to new research by Accenture. The management consultancy concluded that a string of “disconnects” have prevented OEMs from gaining the improvements in customer support that they say they want to achieve.
“Although an industry-wide recovery remains stalled, it appears that select markets for [pre-owned] newer, later-generation [current production] business jets are showing signs of stability in market price, reduced inventory levels and absorption rates,” according to Aircraft Post president Dennis Rousseau.