ExecuJet Aviation’s growing global FBO network now extends from new facilities in Australasia to its rebranded operation at Cambridge Airport in the UK. Late last year, the Switzerland-based group unveiled new bases at Wellington International Airport in New Zealand and at Melbourne’s Essendon Airport in Australia. Both, according to the company, have the potential for long-term growth, building on increasing business aviation activity across the Asia-Pacific region.
U.S. commercial airports combined rank as the nation’s second largest employer after Wal-Mart, directly supporting 1.3 million jobs in 2010, according to a study commissioned by the Airports Council International-North America (ACI-NA).
Bombardier Aerospace today reported revenues of $8.6 billion last year, down from $8.8 billion in 2010, while pre-tax profits slid by $52 million year-over-year, to $502 million.
As CitationAir transitions from selling fractional shares to focusing on its Jet Card and Jet Management products, the company plans to “begin reducing its aircraft fleet as Jet Share contracts expire,” according to a statement that AIN obtained yesterday from company president and CEO William Schultz. “A corresponding number of pilots will be furloughed as aircraft are removed from the fleet, making way for new managed aircraft,” he added.
UK-based aircraft charter and management firm Hangar8 reported yesterday that its overall revenue climbed 39 percent last year to £9.3 million ($14.6 million). This was due in large part to a 118-percent jump in aircraft management fees to £3.7 million ($5.8 million) as the number of managed aircraft rose from 22 in 2010 to 30 last year, with heavy jets accounting for five of the new additions. Charter revenues increased only moderately last year, rising 4 percent to £5.1 million ($8 million). Hangar8 reported a pre-tax profit of £518,000 ($813,260) last year.
Today Gulfstream Aerospace named 25-year business aviation veteran Trevor Esling as regional senior vice president of international sales for Europe, the Middle East and Africa (EMEA). Esling, who most recently was Cessna Aircraft’s senior vice president of international sales for the EMEA region, is responsible for leading Gulfstream’s EMEA sales team from a base in London. Before working at Cessna, Esling was employed by BAe Commercial Aircraft, BAe Corporate Jets and Raytheon Aircraft.
For years Bombardier Commercial Aircraft claimed a modest level of sales success in Asia, selling more than 300 airplanes over the years to nearly 40 operators. But its performance there had proved uneven, and the company traditionally has depended on strongholds in North America and Europe for the majority of its revenues.
America may run on Dunkin’, but the world runs on oil.
So does the helicopter industry. This was particularly evident at Heli-Expo 2012 (February 11 to 14), held rather appropriately in Dallas, deep in the heart of the U.S. petroleum market.
Late in January Eurocopter unveiled record revenues–more than €5 billion, with service activity offsetting helicopter deliveries that sagged slightly. The Marignane, France-based company claims to have a 43-percent market share. For 2020, CEO Lutz Bertling is aiming at €9 billion revenues ($11.7 billion), at least 40 percent of it derived from services.
Following its recent Civil Aviation Administration of China approval as a Part 145 maintenance organization, Shanghai Hawker Pacific Business Aviation Service Centre (SHPBASC) has completed its first (and China’s first by an authorized service center and independent MRO) scheduled maintenance inspection on a Chinese-registered corporate aircraft. The MRO completed the work on an unspecified Chinese-owned and -operated midsize business jet last month.