According to the latest business jet market update from J.P.Morgan, recent data shows further weakness in the pre-owned business jet market. Used inventory rose to its highest level since late last year, while pricing showed another sequential decline, the firm said. Business jet flying bounced back, however, providing a glimmer of hope.
A federal jury has found William Hugh Weygandt, 64, of Granite Bay, Calif., guilty of a conspiracy to commit fraud involving aircraft parts repair. The verdict followed a three-week jury trial before U.S. District Court Eastern District of California. Weygandt is the former owner and president of Weco Aerospace Systems, an FAA FAR Part 145 repair station with facilities in Lincoln and Burbank, Calif. In January 2007, Weygandt sold Weco to Gulfstream Aerospace, which retained Weygandt as president until Feb. 1, 2008.
After recently concluding all high-speed certification flights, the FAA has validated the Mach 0.935 maximum operating speed for Cessna’s new Citation X.
Gulfstream Aerospace expanded the role of Geneva, Switzerland-based Prestige Jet to handle Gulfstream aircraft transactions in France, in addition to Italy and Switzerland. Under the arrangement, Prestige Jet CEO Thierry Le Tourneur and his team will work with Gulfstream central and southern European vice president Rebecca Johnson and international sales senior vice president Trevor Esling, who will continue to oversee Gulfstream sales in the region. Prestige Jet has a staff of eight sales representatives working in Geneva, Milan and Paris.
With business remaining relatively stagnant in Europe and North America, the business aviation industry is looking to other parts of the world for growth, and nowhere is growing faster than Africa. An economic explosion in the exploitation of oil/gas and mineral reserves is driving a need for a boom in corporate aviation, not only to support internal operations, but also to bring in the executives from overseas who represent a major increase in inward investment into the continent, especially from China.
California-based Clay Lacy Aviation is seeing the highest growth in its managed aircraft fleet in the company’s history. Over the past six months 15 business jets ranging from a Gulfstream G550 to a Learjet 45XR have joined its corporate charter fleet, which now numbers 75 aircraft.
Gulfstream Aerospace’s deliveries of completed aircraft more than doubled to 38 (32 large-cabin and six midsize jets) in the third quarter versus 17 large-cabin jets in the same period a year ago, parent company General Dynamics said during its quarterly investor conference call yesterday morning. In the first nine months, Gulfstream (Booth No. N3932) has shipped 103 outfitted airplanes (87 large cabin, 16 midsize), a nearly 81-percent rise from the 57 aircraft (52 large cabin, five midsize) handed over to customers in the same period last year.
NBAA’s convention and trade show is about networking, and no one knows how to network better than the women and men who are at the core of the non-profit Women in Corporate Aviation (WCA). Instead of holding down a booth, these generous individuals, with the support of the companies the work for, comb the halls as they work to create opportunities for those trying to break into the industry.
Gulfstream Aerospace’s deliveries of completed aircraft more than doubled to 38 aircraft (32 large-cabin and six midsize jets) in the third quarter versus 17 large-cabin jets in the same period a year ago, parent company General Dynamics said during its quarterly investor conference call this morning. In the first nine months, Gulfstream shipped 103 outfitted airplanes (87 large cabin, 16 midsize), a nearly 81-percent rise from the 57 aircraft (52 large cabin, five midsize) handed over to customers in the same period last year.
The Gulfstream Elite interior concept that made its debut in the G650 and found its second application in the G450, has now arrived–literally–here in Las Vegas, in a G550. It is on display, inside N550GA, at Henderson Executive Airport during NBAA 2013. To date, Gulfstream has delivered some 30 Elite cabins.