Second Global 7000 Prototype Joins Flight-test Program March 6, 2017 by Charles Alcock, AIN The second flight-test vehicle (FTV2) for Bombardier’s new Global 7000 program achieved its first flight on Saturday. In a statement issued this morning, the Canadian airframer said that the Global 7000, for which development work was delayed by two years, remains on track to meet its revised entry-into-service target in the … Continued
JetNet: 2017 a Recovery Year for Pre-owned Bizcraft? March 2, 2017 JetNet: 2017 a Recovery Year for Pre-owned Bizcraft? The creeping worldwide recovery has improved prospects for business aicraft sellers, albeit slowly. In its most recent market summary, JetNet analyzed the most recent numbers as “underwhelming,” but expressed hope that 2017 will be the start of a recovery. Last month, the fleet-for-sale percentages were lower than … Continued
Embraer Phenom 300 Once Again the Best-selling Bizjet February 23, 2017 by Chad Trautvetter, AIN – February 23, 2017, 10:58 AMThe Embraer Phenom 300 once again earned the crown as the best-selling business jet, overall, with 63 deliveries logged last year. It beat the number-two seller—the super-midsize Bombardier Challenger 350—by just one shipment. This is the fourth consecutive year that Embraer’s light jet has achieved this … Continued
Bizav Flying Off To a Good Start in 2017, Says Argus February 17, 2017 Business aircraft flight activity in North America got off on the right foot this year, posting a 2 percent year-over-year increase last month, according to TraqPak data released today by Argus International. Its outlook for this month is somewhat pessimistic, predicting a 0.5 percent downturn from a year ago; however, last February had an extra … Continued
Used Bizcraft Pricing Still Soft, but Market Improving February 7, 2017 by Mark Huber, AIN International, February 6, 2017 JetNet reported that pre-owned business jet inventories fell and prices rose modestly in the fourth quarter, with the total number of jets listed for sale falling 1.95 percent, from 2,422 to 2,374, quarter-over-quarter. Meanwhile, the average asking price for business jets increased by 5.07 percent from $4.62 million … Continued
Daher Delivers First 2017 TBM 930 February 1, 2017 by Chad Trautvetter, AIN International Daher has delivered its first 2017 TBM 930 that incorporates new standard equipment and cabin features, the French aircraft manufacturer announced yesterday. This includes a redesigned cabin with new seat cushions, headrests and armrests, as well as seat fairings covered with Ultraleather synthetic fabric for increased longevity. On the flight … Continued
Gulfstream Jet Deliveries Find Bottom in 2016 January 31, 2017 by Chad Trautvetter, AIN International Revenues at General Dynamics’s aerospace division, which includes Jet Aviation and Gulfstream Aerospace, fell 5.5 percent last year, to $8.362 billion, but earnings increased to $1.718 billion, up 0.7 percent from 2015. According to General Dynamics CFO Jason Aiken, revenues and earnings at the division are expected to climb at … Continued
Broker: Used G650 Inventory Declines, along with Prices January 13, 2017 by Chad Trautvetter Pre-owned Gulfstream G650/650ER inventory has been nearly halved from its peak of 21 aircraft a year ago. Over the past two quarters, supply has decreased to 12 aircraft for sale, representing just 5.4 percent of the fleet. (Photo: Gulfstream Aerospace) The inventory of pre-owned Gulfstream G650s/650ERs has been steadily decreasing since supply … Continued
Brokerage Firm Hagerty Echoes Concerns on G650 Fleet April 29, 2016 AINonline by Kerry Lynch Business aviation brokerage and Gulfstream aircraft specialist Hagerty Jet Group agrees that the G650 market must be closely watched as inventory has sharply risen and prices softened. Deutsche Bank analyst Myles Walton recently downgraded the stock of Gulfstream parent General Dynamics, citing concerns about the effect of rising pre-owned G650 … Continued
Gulfstream Deliveries Dip 15.6% in First Quarter April 29, 2016 AINONLINE by Chad Trautvetter – April 27, 2016, 11:17 AM Revenues and earnings at General Dynamics’ aerospace division slid in the first-quarter as Gulfstream deliveries fell nearly 16 percent year-over-year, the company announced today. The segment, which also includes aircraft MRO and completions firm Jet Aviation, posted revenues of $1.987 billion in the quarter, down $121 … Continued