The economic slump in Europe hasn’t slowed the growth of Austria’s GlobeAir, the air taxi operator that launched operations in 2008 with a pair of Citation Mustangs. During an EBACE briefing, GlobeAir CEO Bernhard Fragner reported a profit of €200,000 ($260,000) last year and projected further positive results for 2013.
Charter and Fractional
News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.
VistaJet’s bullish expansion plans have long turned the heads of more conventional charter sector rivals suspicious of how well-founded its business plan would prove to be in a sector that has struggled to regain profitability since the ravages of the financial crisis.
NetJets Europe plans to operate Embraer Phenom 300s by early 2014, the two companies announced today at EBACE. Holding a firm order for 50 of the specially outfitted “Signature Series” light jets, NetJets took its first delivery on May 1 for its U.S. operations.
VistaJet is enrolling 50 Bombardier Global 5000s and 6000s in Jet Support Services Inc.’s (JSSI) Platinum engine and APU hourly-cost maintenance program. Under the more than $205 million agreement JSSI will support VistaJets’ Rolls-Royce BR710A2-20 engines and Honeywell RE220 APUs on its Bombardier Globals. The Platinum program covers scheduled and unscheduled maintenance, rental engines, supplemental lift, engine removal and replacement and shipping. Besides driving down maintenance costs, the program also provides budget stability, JSSI said.
Charter/management provider ExcelAire announced during EBACE that it has received approval to operate its five Embraer Legacy 600s into London City Airport (LCY). Located in the heart of London, LCY is the closest and most convenient airport for easy access to London’s financial district.
Unsurprisingly, considering the wave of further bad economic news from the sunnier parts of the Eurozone, chartered business jet departures from southern European cities dropped far more steeply over this part winter than in northern Europe. New charter data prepared by online charter portal Avinode exclusively for AIN shows departures out of southern Europe dipping below 10,000 in January 2013. This was almost 1,000 below the total for the same period last year and a big drop from the almost 20,000 departures seen in July 2012.
During the first quarter of this year, Air Charter Service saw overall growth of 12 percent, with 20 percent year-over-year growth in its executive jet division. The London-based charter brokerage was founded in 1990 by chairman Chris Leach and now includes 17 offices on five continents. Annual revenue is more than $420 million.
London Executive Aviation has been one of the stalwarts of Europe’s private charter sector for almost two decades. Trading conditions have never been tougher than in the last few years, but the UK firm is surviving by sticking to its core values, as founders Patrick Margetson-Rushmore and George Galanopoulos told AIN in an interview prior to this week’s show.
Although business has been tough for UK helicopter charter companies in recent times, Capital Air Services is in the process of increasing its managed fleet with the addition of two Sikorsky S-76++ helicopters. This will bring the S-76 fleet to three, to operate alongside a Eurocopter EC155 and a pair of EC135s.
This summer Carlsbad, California-based ViaSat plans to add two premium classes to its Yonder high-speed Internet satellite telecom service, specifically to cater for the needs of business aviation. The new services–Yonder Premium and Yonder VIP–provide higher data rates, new quality of service assurances and enhanced network operations, as well as field engineering customer support.