The Asian Business Aviation Association (AsBAA) wrapped up a four-stop roadshow–held last month in Shanghai, Singapore, Jakarta and Hong Kong–that provided free information sessions for Asian business aviation operators.
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.
Dassault Aviation joined the Falcon 5X’s main center fuselage subassemblies–the front and rear lower subassemblies and the upper subassembly–in mid-April, the company announced on Thursday. This is a milestone for the 5,200-nm wide-cabin twinjet, which the French OEM expects to fly in the first half of next year and enter service in 2017.
Pre-owned business jet and turboprop inventory as a percentage of in-service aircraft continued to fall in March, though pricing has yet to find a floor, according to data released yesterday by aviation services firm JetNet. Inventory of used business jets fell 1 percent year-over-year, to 12.1 percent, the third lowest since 2005, JetNet said. Pre-owned turboprop inventory barely managed a decrease, falling just 0.1 percent to 7.7 percent from March 2013.
Mubadala Aerospace, an entity owned by the government of Abu Dhabi, has taken full control of Italy’s Piaggio Aero, maker of the Avanti II turboprop. Mubadala has been a shareholder in Piaggio Aero since 2006.
SyberJet Aircraft celebrated the groundbreaking for a new completion and delivery center on Thursday at Cedar City (Utah) Regional Airport, where its SJ30 light jets will be finished and delivered to customers. SyberJet owner MSC Aerospace also owns the adjacent Metalcraft Technologies, a long-time manufacturer of metal aircraft and turbine engine components, including about 70 percent of the SJ30’s airframe structure.
The World Cup, the world’s largest sporting event, is set to kick off next month, and more than half a million fervent soccer fans are poised to descend on host country Brazil. Of that total, 11 percent are expected to arrive on business aircraft, and estimates call for approximately 3,000 business aircraft to be operating in the country during the month-long tournament, which begins on June 12. Such numbers will place a heavy strain on Brazil’s aviation services.
With improved customer service finding new emphasis in many boardrooms–and aftermarket support becoming a growing revenue source–Safran subsidiaries Turbomeca and Sagem Avionics recently unveiled plans that highlight the roles technology can and will play in delivering support services.
Between 2010 and 2012 the number of active GA aircraft declined by 6.4 percent, to 209,034 from 223,370, according to the 2012 General Aviation and Part 135 Activity Survey (GA Survey). But the FAA said that the 2012 GA Survey recorded the partial effect of the 2010 Rule for Re-Registration and Renewal of Aircraft Registration. According to the agency, the complete effect of this rule, which requires all aircraft registered in the U.S. to re-register within the three-year period from 2011 to 2013, will be noted after the 2013 survey.
In response to rising business aviation traffic across Africa, trip support group UAS has opened a new regional headquarters in Johannesburg, South Africa. The new facility is being managed by Wynand Meyer, the Dubai-based group’s newly appointed director of business development for Africa, who has joined UAS from Boeing’s flight planning subsidiary Jeppesen, where he oversaw its ground handling network for Africa, the Middle East and India.
There is good news and bad news when it comes to financing for pre-owned business aircraft. The good news is that financing is available for aircraft buyers; the bad news is that banks are primarily lending only to those with exceptionally good credit who are buying an aircraft that is less than 20, and even in some cases less than 10, years old, according to a panel of aircraft financiers at the recent NBAA Aircraft Registration, Finance and Legal Conference in St. Petersburg, Fla.