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.
Bombardier Aerospace will open a company-owned and -operated service center in Singapore next year. “Singapore has the advantage of being a strategic location; it is more central in the Asia Pacific region than Hong Kong. Also in its favor, it has a skilled workforce in place and there is a longstanding aerospace presence at Seletar Airport,” a spokesman for Bombardier told AIN.
Ontic has expanded the electronics manufacturing area at its Chatsworth, Calif. facility. The expansion adds more than 5,000 sq ft of floor space dedicated to mature avionics and electronics manufacturing and support. “This expansion allows us to further support mature avionics and electronics on established platforms.
Gulfstream Aerospace named Steven Meng the regional sales manager for product support sales in Southern California. He reports to Jace Stone, director, product support sales, West Region. Meng, who is based in Long Beach, Calif., is responsible for the sale of maintenance, paint and interior upgrades as well as avionics modifications to Gulfstream and non-Gulfstream operators in Los Angeles, San Diego and the surrounding areas. Before his promotion, Meng was a senior internal sales manager for product support sales at Gulfstream’s facility in Long Beach.
Global airline traffic results for January showed a 5.7-percent rise in passenger demand but an 8-percent decline in air freight compared with the same month last year, according to statistics released last week by the International Air Transport Association (IATA).