Business

July 16, 2014 - 1:20am

Embraer has announced a string of orders this week here at Farnborough International 2014, for a total of 158 regional jets (if all options were exercised). The most prominent one came from Trans States Holdings, the parent company of Trans States Airlines, Compass Airlines and GoJet Airlines, for 50 E175-E2 airliners, plus an option for an additional 50. Its first E175 is expected to enter service in 2020.

July 16, 2014 - 1:10am

GE Aviation’s Flight Efficiency Services division is using big data techniques to help airlines to improve their profit margins with a particular focus on reducing fuel burn. “Fuel accounts for 40 percent of airline costs with around $215 billion spent on this each year,” said general manager Giovanni Spitale. “GE thinks that if machines can talk to each other using the industrial internet [a term coined by GE] we can make better sense of that [fuel consumption].”

July 16, 2014 - 12:55am

Mitsubishi Aircraft Corporation here on Monday announced a memorandum of understanding for 20 firm MRJ90 regional jets, with purchase rights for an additional 20 of the type, with Eastern Air Lines Group. Deliveries are scheduled to commence in 2019 and Boeing will support the aircraft.

Eastern Air Lines president and CEO Edward Wegel said the aircraft would be used on routes from the airline’s main base in Miami, Florida, to Latin America and the Caribbean. They will be operated in an 82-seat, two-class configuration, he added.

July 16, 2014 - 12:50am

Bombardier’s just-released market forecast shows a significant drop in anticipated deliveries of business and commercial aircraft during the coming 20 years compared to last year’s forecast. The current forecast is for deliveries from 2014 to 2033.

Last year, Bombardier forecast deliveries of 24,000 business jets worth $650 billion from 2013 to 2032. The current forecast is for 22,000 business jets worth $617 billion. These numbers are for aircraft segments in which it Bombardier competes with its Learjet, Challenger and Global models.

July 15, 2014 - 3:05pm

Bombardier Aerospace’s latest 20-year market forecast, released on Sunday at the Farnborough Airshow, shows a significant drop in anticipated deliveries of business jets compared with its forecast from last year.

The current forecast, which spans from 2014 to 2033, calls for deliveries of 22,000 business jets worth $617 billion. Last year Bombardier predicted demand for 24,000 business jets worth $650 billion from 2013 to 2032. These numbers are for aircraft segments in which the manufacturer competes, with its Learjets, Challengers and Globals.

July 15, 2014 - 2:41pm

Preliminary data suggests second-quarter results for business jet deliveries “will not be impressive,” according to J.P. Morgan North American Equity’s latest business jet monthly update. While its analysts note there are aircraft still missing from the database used to track deliveries, “Preliminary indications are that deliveries will fall short of estimates, with the possible exception of Gulfstream,” noted J.P. Morgan lead aerospace analyst Joseph Nadol III.

July 15, 2014 - 2:36pm

Online charter hub Returnjet is extending free access to aircraft availability data to brokers in a bid to challenge the market dominance of rival portal Avinode. The change will also allow operators that have registered their fleets with the site to have complimentary access to the real-time data.

Operators will continue to pay a 3-percent “introduction fee” for any flight conducted as a result of customer contact from the site. Returnjet plans to introduce reduced introduction fees for flights booked by brokers.

July 15, 2014 - 2:20pm

Snecma recently started flight-testing its Silvercrest turbofan on a modified Gulfstream II, a Snecma senior executive confirmed last week. AIN understands that the trials are taking place from Sierra Industries’ base in San Antonio, Texas. The maiden flight had been postponed several times but the delay is not expected to have any effect on the engine’s certification, planned for next year. The Silvercrest will power the Dassault Falcon 5X and Cessna Citation Longitude.

July 15, 2014 - 2:15pm

Embraer Executive Jets delivered 29 business jets in the second quarter, unchanged from the same period last year. However, this year’s mix is slightly more favorable–six Phenom 100s, 16 Phenom 300s, six Legacy 650s and one Lineage 1000, compared with 11 Phenom 100s, 12 Phenom 300s, five Legacy 650s and one Lineage 1000 in last year’s second quarter. In the first half, Embraer delivered a total of 49 business jets (39 light, 10 large) versus 41 (31 light, 10 large) in the first six months of 2013.

July 15, 2014 - 2:00pm

Textron Aviation announced yesterday at the Farnborough International airshow that its entire range of Beechcraft and Cessna products is now available in special-mission configuration. All 20 current-production aircraft “fit numerous mission profiles, including aerial survey, air ambulance, flight inspection, aerial surveillance, training and utility transport,” the company said.

 
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