Fractional aircraft providers have reshaped their marketing efforts to address the difficulty of trying to get customers to buy aircraft shares during a recession. To help stimulate growth, Flexjet has introduced a fly-away lease program, which lets buyers who might not want to make a capital purchase lease a fractional share and exit the lease at any time with 90 days’ notice and with no penalty.
Aviation International News » May 2009
New Jersey businessman Jared Isaacman, along with copilot Doug Demko, on April 15 shattered the world record for an eastbound global circumnavigation in a light business jet, with a time of 61 hours, 51 minutes and 15 seconds, lopping 21 hours off the previous record set in 1991 by a UK pilot in a Cessna Citation II.
In a recent issue of “ATC Reform News,” Reason Foundation director of transportation studies Robert Poole uses the anti-business jet rhetoric to further push for a user-funded ATC system.
The House Energy and Commerce Committee’s draft of the American Clean Energy and Security Act of 2009 (Aces) creates greenhouse gas emission standards for aircraft and aircraft engines.
Business aircraft flight activity in March increased nearly 8 percent over February, according to data from Cincinnati-based ARG/US. This marks the second month-over-month upward trend in recent flight data from ARG/US and further strengthens hope for a sign of recovery in the business aviation industry.
Although the downturn in the economy has dampened the near-term prospects for the general aviation industry, demand for business aviation will expand over the long term, according to the most recent forecast from the FAA, which anticipates a growing U.S. and world economy.
Long-time AOPA member, pilot and actor Harrison Ford has teamed with AOPA to promote general aviation.
The nomination of former Airline Pilots Association president J. Randolph “Randy” Babbitt to become the next FAA Administrator generally was received favorably by the aviation industry when it was announced by President Obama in late March. At press time, Babbitt had not yet been confirmed by the Senate. NBAA called Babbitt an “excellent choice” and predicted that he would be able to hit the ground running.
UBS Investment Research’s latest business jet update suggests that the pre-owned business jet market might be at or near the bottom. According to UBS researcher David Strauss, listings of used business jets slowed to a 1-percent month-over-month increase in March, although they are still 63 percent higher than prior-year levels.
A new privately funded $155 million, 900-acre regional airport will open May 11 in Branson, Mo. The towered airfield will feature a 7,140-foot-long concrete runway,