Most companies have various departments that answer to the executive suite, and these departments–with the exception of flight departments–generally use some kind of robust reporting system, according to Jim Lara, long-time business aviation pilot and consultant at Gray Stone Advisors. “We decided to develop a business aviation-based metrics package, customized for each operation.” The idea was to give the reporting executive the tools to make an effective presentation to top leaders with the same level of fidelity as reports from other business operating units.
A dedicated business aviation facility, Terminal A, opened last month at Moscow Sheremetievo Airport (SVO). The Avia Group-operated facility, the most recent addition to a series of the new terminals completed in Sheremetievo (C, D and E) and reworked ones (B and F), is the first exclusively for business aircraft passengers. The other “lettered” terminals are for mainline airline passengers. The opening of the facility marks the completion of the Sheremetievo major reconstruction process launched in the late 1990s to bring the airport to modern European standards.
ExecuJet Aviation has started to move its entire UK operation at London City Airport to Cambridge Airport, where it has taken over the former Marshall Business Aviation FBO facility. Cambridge Airport CEO Archie Garden confirmed to AIN during the official launch of ExecuJet Cambridge on February 6 that the agreement is a five-year exclusive arrangement for ExecuJet, which is also tied in to making Cambridge its sole London-area FBO for that period.
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.