Heading into the homestretch of 2013, the upbeat mood that ushered in the new year has been building into the summer step-climb that gets a catapult shot–courtesy of the NBAA convention–to finish out the year. Someone must have hit the “on” switch after Labor Day weekend in early September, bringing buyers back into the market en masse. While deals have abounded in all model segments for some time, the recent activity is a strong sign of buyer confidence. From top to bottom aircraft are moving, and it’s no wonder considering how low prices have dropped.
News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine powered airplanes and helicopters. Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.
Elliott Aviation has joined the Alliance program offered by Jet Support Services (JSSI). The program, which JSSI introduced last March, provides members with information on the company’s marketing programs and product and service updates, as well as industry and market data. As an Alliance member, Elliott (Booth No. C8143) will use Alliance’s web portal to request aircraft-specific quotes, track sales and monitor referral status of its clients.
Once upon a time, the vast majority of business jets were owned and operated in the U.S., but that’s changing. Residents of other countries represent an ever-growing segment of the market, and the business of buying and selling corporate jets is increasingly international. In fact, a majority of factory-new aircraft these days are delivered outside the U.S.
It was a visibly moved Harrison Ford who accepted this year’s Al Ueltschi Award for Humanitarian Leadership yesterday morning at the conclusion of the NBAA 2013 opening session. While more commonly known for roles such as Indiana Jones and Han Solo in Star Wars, the veteran actor in this case was recognized for his continuing role as a philanthropist.
With a snip of the ribbon, NBAA 2013 was opened yesterday morning–marking the first time the Association’s flagship annual event has been called the “Business Aviation Convention and Exhibition” (BACE). While the Association has been hosting this event every year since 1950, it recently renamed it to conform with its other global shows, such as EBACE (Geneva) and ABACE (Shanghai).
The business aircraft resale market continues to stall as the sluggish pace of activity seen in Q2 2013 has persisted, according to Amstat’s Business Aviation Market Update Report, released on the eve of NBAA 2013.
Just a year old, the Jet Professionals (Booth No. N2129) professional employers organization (PEO) service is making a difference for its clients, the company said here at the NBAA show.
The PEO service is targeted for small and medium-size aviation businesses, one example being Short Hills Aviation Services, a jet charter and management services company (Booth No. C12240). Short Hills reported at NBAA 2013 that it has increased employee retention and modernized its benefits communication program, all while reducing benefits and payroll costs by 20 percent.
Avinode, the online charter marketplace, released its 2014 Business Aviation Market Forecast here at NBAA 2013, followed by a panel discussion by charter operators from the U.S., Europe, Asia and Latin America.
Acknowledging the hardships business aviation has faced over the past few years, NBAA president and CEO Ed Bolen said this morning at the NBAA Convention opening session that the industry’s investment in the future never ceased, resulting in the new products announced this week at the show in Las Vegas.
The business aircraft resale market continues to stall as the sluggish pace of activity seen in the second quarter has persisted, according to Amstat’s business aviation market update, released this week at NBAA 2013. “We were disappointed with the second-quarter transaction performance and were hoping for a better third quarter,” said Andrew Young, general manager of the business aviation market data provider. “In general, transaction activity for business jets and turboprops did pick up in the third quarter and inventories were down–both good signs.