The worldwide supply of used aircraft is revisiting a level not seen in more than five years, despite a growing business jet population that saw nearly 4,000 enter service during that period. The U.S. claimed nearly half of those new aircraft deliveries, followed by Europe and Asia, South America and Africa and Australia. One might speculate that if a buyer is purchasing a business jet in a down economy there must be an excellent reason for the investment, and perhaps this is why only 200 of those delivered during this period have made their way onto the used market.
Embraer Executive Jets appointed Peter Griffith vice president of sales and marketing for Europe and Africa and Peter Walker vice president of sales and marketing for the Middle East and Asia-Pacific. José Eduardo Costas, who has overseen Middle East and Asia-Pacific sales since 2008, will return to the company’s headquarters in Brazil to take on a broader role as vice president of market intelligence for Embraer Executive Jets. All will report to Marco Túlio Pellegrini, who became president and CEO of Embraer Executive Jets on January 1.
Sales of pre-owned business jets took off in last year’s fourth quarter, blunting a weak second quarter and a “mixed bag of activity” in the third, according to business aviation information service provider Amstat. Business jet resale transactions were up 0.3 percentage points year-over-year, with 2.9 percent of the active fleet turning over in the fourth quarter. “This was the best performance since the fourth quarter of 2007 and squeaked ahead of the 20-year quarterly average of 2.8 percent,” noted Amstat general manager Andrew Young.
Embraer delivered 53 business jets in the fourth quarter, closing the year with shipments of 119 executive jets (90 light and 29 large) and meeting its 2013 delivery guidance. At year-end, its firm-order backlog for both executive jets and airliners stood at $18.2 billion.
Conklin & de Decker released the 2014 version of its Life Cycle Cost aircraft budgeting and financial analysis tool, which includes ownership and operating cost data for more than 400 business jets, turboprops, helicopters and piston aircraft. Specifically, it shows aircraft acquisition costs, operating costs, taxes and final residual values. According to Conklin, database prices are $795 for jets, $625 for turboprops or helicopters and $475 for pistons. A single-aircraft version is also available for $250 per aircraft.
Bahrain International Airport will be home to Mena Tempus, a new joint venture between Mena Aerospace Enterprises and Tempus Jet Centers (Tempus Jets). The new venture will focus on delivering aviation services to the Middle East.
Bombardier Aerospace delivered 180 business jets last year, up one from 2012. However, the Canadian aircraft manufacturer missed its 2013 guidance by 10 business airplanes, “mainly due to the transition from the Learjet 40XR and Learjet 45XR to the Learjet 70 and Learjet 75, which entered service in the fourth quarter.” The company originally expected deliveries of these revamped light jets to start in the third quarter. It shipped 29 Learjets, 89 Challengers and 62 Globals last year, compared with 39 Learjets, 86 Challengers and 54 Globals in 2012.
Embry-Riddle Aeronautical University (ERAU) and Dassault Falcon renewed their collaboration on education, research and business projects for another three years. Under the previous three-year agreement, Dassault and ERAU’s College of Engineering established the Dassault Design Institute at the university’s Daytona Beach, Fla. campus, where engineering undergraduate students determined the environmental impact and performance efficiency of different business jets.
Bombardier Aerospace scored a flurry of orders for 58 Challenger and Global business jets worth nearly $3 billion late last month, allowing the Montreal-based aircraft manufacturer to end the year on a high note. Including these 11th-hour orders, the company sold some 310 business jets last year.
The world’s economy, for the most part, is slowly and steadily improving, but that has not yet provided the general aviation industry with a shot in the arm. During the past year only two clean-sheet jet designs were formally unveiled–the Pilatus PC-24 and Dassault Falcon 5X–but these were known to be under way for many years before this year’s public program launches.