Some 10,120 business jets worth $257 billion are expected to be delivered over the next 10 years, according to the third annual industry forecast published yesterday by Montreal-based business aviation services firm Zenith Jet.
Deliveries of light business jets in the first quarter climbed by almost 60 percent to 30 shipments, compared with 19 a year ago, according to data from Utica, N.Y-based business aviation information provider JetNet. The very light jet segment–in which JetNet includes the Citation Mustang and Embraer Phenom 100–didn’t fare as well, with deliveries dropping from 11 VLJs in first-quarter 2011 to eight this year thanks to three fewer Mustang shipments.
Bombardier Aerospace has opened a new engineering service office in Bengaluru, India. Its current staff of approximately 20 is slated to increase to about 50 aerospace engineers by the end of next year.
Camo4jets has received EASA authorization to perform airworthiness reviews (ARC) and continuing airworthiness management organization (Camo) functions for all Cessna Citations and Embraer business jets and airliners. Camo4jet currently offers airworthiness reviews and Camo management for operators of Airbus, Boeing, Bombardier, Dassault and Gulfstream aircraft.
Embraer and Beijing-based ICBC Financial Leasing signed a memorandum of understanding (MoU) today on aircraft financing and leasing for the sale of Embraer airliners and business jets in China and other markets. Under the MoU, total program support could amount to as much as $2.5 billion over the next five years.
Cessna Aircraft and Bell Helicopter parent company Textron reported first-quarter revenues of $2.9 billion yesterday, up 15.2 percent from a year ago, and $247 million in manufacturing profits, an $80 million increase attributable largely to Bell. While quarterly revenues at Cessna increased by $113 million year-over-year, to $669 million, the division still recorded a loss of $6 million, though the red ink was shallower than the $38 million loss in last year’s first quarter.
Los Angeles-based aircraft charter and management firm Jet Edge was named “Private Jet Services Company 2012” yesterday by the Institute of Transport Management. Bill Papariella–a business aviation industry veteran with experience at Sentient, Marquis Jet and NetJets–founded Jet Edge last July with the help of Bard Capital Group CEO Richard Bard, Western Jet Aviation CEO Jim Hansen and four other former NetJets senior sales executives. The company has five large-cabin Gulfstreams among its fleet.
“It’s true we may have been a bit complacent; we were maybe arrogant,” Eric Martel, president of Bombardier customer services and specialized and amphibious aircraft, said of his company’s past attitude to business-jet product support on Monday at the 2012 Bombardier Maintenance & Operations (M&O) Conference for the Learjet, Challenger and Global in Montréal, Québec.
BizJet International of Tulsa, Okla., a Lufthansa Technik subsidiary, has signed an agreement with Boeing that gives BizJet the status of an approved completion center and an official member of the Boeing Business Jet completion network.
According to BizJet president and CEO Kai Roepke, the agreement allows the center to offer refurbishment, green completion and maintenance services for Boeing aircraft.
Tornadoes that tore through Wichita on Saturday night left a path of destruction at several aircraft manufacturers but thankfully no fatalities. Damage at Hawker Beechcraft was “limited and isolated damage to the roof” of Plant IV, where final assembly of business jets and turboprops is performed, a company spokeswoman told AIN. “There is no effect on operations,” she added. Repair is under way on the building and employees have been reporting for work as scheduled this week.