The Hiller Group (Booth No. 6244), which already supplies fuel at more than 600 U.S. airports, plans "in the near term to expand into Canada and look at Europe as well." That's according to company president and CEO Martin Hiller, who made the comment during a press conference yesterday.
For more than a year, recovery mode in the pre-owned aircraft market has meant more an outflow than intake. Although the number of choices has decreased, there has been no corresponding increase in prices, making it extremely attractive for buyers. Currently, purchasing an aircraft is more about operating cost than it is about acquisition costs.
Aviation fuel-management software provider FuelerLinx has unveiled a new fueling pricing aid. The San Francisco-based company, which developed software that automatically finds the latest fuel prices for its customers, is demonstrating its FBOLinx Web site (www.fbolinx.com) here at the NBAA convention (Booth No. 5748).
Flexjet, the fractional jet share provider owned by Bombardier, announced that it has earned the Air Charter Safety Foundation’s highest safety rating. The company, which claims to be the first fractional provider to win this distinction, already held a Platinum rating (the highest available) from Argus and has received the FAA’s Diamond Award of Excellence for maintenance training for 11 consecutive years.
Sixteen FBOs are joined together at the Eastern Aviation Fuels NBAA exhibit this year (Booth No. 6403) and all are participating in the new Shell Aviation AeroClass loyalty program. Eastern Aviation Fuels markets Shell-branded aviation fuels throughout the U.S.<o:p></o:p>
The eye-popping total of 2,750 pre-owned aircraft for sale today is a lot based on historical standards, but it is well below the peak reached a little more than a year ago. The broker community and OEMs monitor the total number of aircraft for sale because it is an important measurement on which to gauge the health of the used aircraft market, but when you scratch beneath the surface you realize that the sky is not falling.
Raisbeck Engineering of Seattle, Wash., today named Mike McConnell president. James Raisbeck, the company’s founder, remains as chairman and CEO. Immediately before joining Raisbeck, McConnell spent seven years with Eclipse Aviation, where he was president and general manager of the company’s customer division.
“Elevated used inventory, attractive used pricing and macro uncertainty continue to hold down demand for new business jets,” JPMorgan Equity Research said in its latest business jet monthly report.
Sales of pre-owned business jets, turboprops and turbine helicopters increased in the first seven months versus the same period last year, though at the same time aircraft prices deflated, according to data released yesterday by JetNet. Business jet inventory showed the largest year-over-year change, dropping 2.8 points to 14.9 percent.
The used aircraft market often synchronizes its pace with the lazy days