The Middle East remains the sales sweet-spot when it comes to regions that business jet manufacturers look to for customers despite its relatively small size and the rapid emergence of China, Brazil and other countries where momentum is building. This is true in particular of large cabin jets and corporate versions of airliners.
As the business aircraft market continues to recover from the industry downturn, AIN took a look at recent forecasts from manufacturers as to where growth may be heading and the factors that are likely to affect it most.
Beirut’s main FBO, Cedar Jet Center (CJC, Stand 214) has a full-service offering at Lebanon’s main gateway, Rafic Hariri International Airport, and is at MEBA to promote this business-aviation friendly destination and its ever-broadening range of services.
The significant investments in expanding the aircraft completions and maintenance capabilities of Amac Aerospace have surely been made with the Middle East very much in mind.
Construction began on the port at Jebel Ali in 1978, but it wasn’t until around 1985 that the man-made facility–generally recognized as the bedrock of Dubai’s modern-day success–started to fulfill its potential–and the emirate’s knack for turning ideas into world-beating projects shouldn’t be underestimated.
When it comes to decriminalization of aviation accidents, the world seems to take one step forward and two back.
The French and German governments have agreed to reduce their shareholdings in EADS to 12 percent each, and drop their veto rights over key decisions. Spain will hold 4 percent. EADS said the pact will normalize and simplify its governance, while still allowing the three countries “to protect their legitimate strategic interests.”
Bangladesh and Vietnam are close to buying the Yakovlev Yak-130 advanced jet trainer, according to Russia’s weapons exporter, Rosoboronexport, but in other Asian countries the aircraft faces growing competition from China in the form of the Hongdu L-15. “There are no sales prospects for our aircraft in China, because the local engineers have developed their own design. Outwardly, the L-15 bears a distinct resemblance to the Yak-130,” said Sergei Kornev, head of the Rosoboronexport department for aviation.
Fractional provider Bombardier Flexjet launched Coastal Connect under its Flexjet 25 jet card program, which is operated by U.S. air carrier Jet Solutions. The new feature provides special rates for customers who fly to and from designated zones between the East and West Coasts on Flexjet Challenger 300s. The Flexjet 25 jet card starts at $100,000, with the cost of each flight deducted from the debit card balance, which can be replenished via an automatic or manual recharge option.
Milestone Aviation Group, the helicopter leasing firm headed by NetJets founder Richard Santulli, is raising $250 million to purchase aircraft and refinance previously purchased aircraft. It is doing this by offering senior unsecured notes that are due in 2017. Milestone, which provides 100-percent operating lease financing for helicopters, has leased more than 60 aircraft worth more than $850 million since its launch in August 2010.