Pre-owned business jet sales during the first nine months have been a bit slower year-over-year, according to the latest data from business aviation market information firm JetNet. However, the silver lining is that aircraft pricing seems to be on firmer ground, trending in positive territory for the past five consecutive months and with double-digit percent increases in the last three.
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.
Washington, D.C.-based business jet sales brokerage Avpro and Heli Asset, a helicopter sales brokerage based in Paris, France, are joining forces. Under the partnership, they are creating a new division within Avpro to focus on helicopter sales and acquisition services. This creates an independent helicopter sales and acquisition service backed by Avpro’s financial strength and Heli Asset’s four sales directors with OEM expertise in AgustaWestland, Bell, Eurocopter and Sikorsky models.
In a string of promotions announced yesterday at Bombardier but not effective until January 1, Eric Martel will be president of Bombardier Business Aircraft, succeeding Steve Ridolfi, who will be senior vice president of strategy and mergers and acquisitions at Bombardier Inc. Meanwhile, Michel Ouellette will take over Martel’s current position–president of Bombardier customer services and specialized and amphibious aircraft–also at the turn of the new year.
NBAA president and CEO Ed Bolen led a panel at a U.S.-India Aviation Summit on Thursday in Washington, D.C., that highlighted the challenges and budding successes that mark the development of business aviation in growing economies such as India’s. “Aviation is an important engine in our nation’s economy,” he said, noting that business aviation is a “critical component” in the overall aviation ecosystem.
After completing a two-year application process, NBAA’s Certified Aviation Manager (CAM) program received accreditation last week from the National Commission for Certifying Agencies (NCCA), an independent body that developed the standards for professional credentialing programs. NCCA has accredited some 300 programs, including the Certified Financial Planner (CFP) and Certified Human Resource Professional (CHRP) designations.
Piper’s aircraft deliveries and revenues “trended up” for three consecutive quarters, continuing an improving trend in a challenging economy for general aviation aircraft. During the third quarter, Piper delivered 41 aircraft, including eight Meridian turboprop singles, worth $37.2 million. In the first nine months, the Vero Beach, Fla. aircraft manufacturer shipped 127 aircraft, including 20 Meridians, and revenue from new aircraft sales grew to $113.9 million, compared with $106.9 million during the same period last year.
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.
NBAA launched a new regional program called Insights Connection to improve communication with the association’s members. “We had requests for more personal interaction between members and senior staff at NBAA,” said NBAA director of regional programs and Southwest regional representative Stave Hadley. “The idea is to form a two-way connection between NBAA staff and members in their own backyard. That way, together we can focus on the issues that are important to all of us.” The first NBAA Insights Connection meeting will be held in the northeastern U.S. early next year.
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.
Dubai Airshow organizer F&E Aerospace is pressing the reset button on the biennial event, staging the Middle East’s premier aerospace and defense gathering at a new purpose-built site at Dubai World Central. The show is to be permanently based in the new Aviation City zone at DWC, which is a vast new economic development hub built around the new Al Maktoum International Airport near the Jebel Ali seaport.