UBS: Bizjet Market at Weakest Point Since 2009 April 29, 2016 AINONLINE by Chad Trautvetter– April 25, 2016, 11:13 AM UBS Global Research’s latest business jet market index fell to its lowest level since 2009, when the industry was just starting to recover from the Great Recession. The firm’s index is down 4 percent from February, currently sitting at 29. This is “well below” 50, the threshold … Continued
Bizav Monthly Usage Rates Continue Rebound August 16, 2015 by Kerry Lynch, August 12, 2015 http://www.ainonline.com/aviation-news/business-aviation/2015-08-12/bizav-monthly-usage-rates-continue-rebound Business aviation flight hours have returned to about 83 percent of the 2008 peak levels, Jet Support Services, Inc. (JSSI) estimates. The maintenance support company, which tracks global flight hours by industry segment and aircraft, estimates that monthly usage reached about 27.75 hours per aircraft in the second … Continued
First Impressions: Embraer Legacy 450 August 16, 2015 by Chad Trautvetter, August 12, 2015 http://www.ainonline.com/aviation-news/business-aviation/2015-08-12/first-impressions-embraer-legacy-450 As I stepped aboard PR-LGV on Friday, the first Embraer Legacy 450 with a full interior, it was hard not to compare it to the iconic Hawker business jet series. Both have a cabin width and height of about six feet and seat two pilots and seven to … Continued
Gulfstream Sees Steady Mid- and Large-Cabin Market June 10, 2015 by Kerry Lynch AINonline While deliveries dipped slightly in the first quarter, Gulfstream Aerospace executives are not seeing an appreciable difference in the market for its products. “Some deals are taking a little longer to get done,” said Mark Burns, who is set to succeed Larry Flynn as president of the aircraft manufacturer on July 1, … Continued
Lawmaker Seeks To Make Bonus Depreciation Permanent June 10, 2015 by Kerry Lynch, AINonline House Ways and Means Committee member Pat Tiberi (R-Ohio) last week introduced a bill to permanently extend the 50-percent bonus depreciation provision covering certain capital equipment, including business aircraft. The bill, H.R.2510, has attracted 23 cosponsors—all Republicans—so far. A number of the cosponsors are members of the Ways and Means Committee, … Continued
Citation Latitude Enters Fast-track Flight-test Program February 20, 2014 by Chad Trautvetter, AINonline.com Cessna Aircraft’s Citation Latitude prototype made its maiden flight on Tuesday from Wichita Mid-Continent Airport, where the aircraft manufacturer is based. The new midsize jet fuses the Citation Sovereign+ wings, tail and aircraft systems with a new, larger fuselage, making the Latitude’s cabin the widest of any Citation and the only … Continued
With FAA Permit in Hand, Learjet 85 Nears First Flight February 20, 2014 by Matt Thurber, AINonline.com February 20, 2014 The Learjet 85 is one step closer to beginning its flight-testing phase after the announcement yesterday by Bombardier that the FAA issued the jet’s first flight-test permit. Engineers have run flight test vehicle 1’s (FTV1) Pratt & Whitney Canada PW307Bs and completed low-speed taxi testing. Before the first … Continued
Bizav Flights Up in Europe, Marking First Increase in January Since 2008 February 20, 2014 by Chad Trautvetter, AINonline.com February 20, 2014 Business aircraft movements in Europe increased by 1.9 percent last month, marking the first time since 2008 that there has been year-over-year growth in the month of January, according to data from WingX Advance. Flight hours flown by business aircraft in Europe last month also rose by 4 … Continued
GAMA: Bizjet Deliveries End Five-year Slide February 20, 2014 by Curt Epstein, AINonline.com, February 20, 2014 For the first time since 2008, worldwide deliveries of business jets were higher than the previous year, according to 2013 year-end numbers released yesterday by the General Aviation Manufacturers Association (GAMA). Airframers handed over 678 business jets last year, six more than in 2012. Overall, general aviation billings increased … Continued
J.P.Morgan: Some Improvements Seen in Bizjet Market September 13, 2013 by Chad Trautvetter September 12, 2013, 3:39 PM “Demand for business jets is far from robust, but at the margin some developments suggest improvement,” J.P.Morgan aerospace analysts said in their latest business jet monthly update, released on Tuesday. Among these positive developments, U.S. flight operations climbed 4.7 percent year-over-year in July, which the investment firm said … Continued