Russia’s seventh annual Jet Expo show opens tomorrow, with more than 100 exhibiting companies from 27 countries and up to around 40 business jets and helicopters at Moscow’s Vnukovo Airport. According to Jet Expo managing director Nikita Gorchakov, the rapid expansion of the three-day show (September 27-29) reflects strong growth in demand for business aircraft in Russia and the wider Commonwealth of Independent States (CIS).
Dassault is close to reaching agreement with Russia’s Avia Group to establish an authorized service center for its Falcon business jet series at Moscow’s Sheremetyevo Airport. The facility is set to open in 2013 and will be located near Avia’s new terminal building, which was inaugurated earlier this year.
The Russian market has continued to be a key factor in the recovery that Czech Republic-based ABS Jets has seen in the business aviation sector over the past 12 months. Russians own several of the 13 aircraft that the company has under management contracts, with their insurance companies and banks eager to have these assets in the hands of operators based in the European Union.
Hawker Beechcraft Corp (HBC) says that its Chapter 11 bankruptcy protection and a pending acquisition by China’s Superior Aviation are not affecting the attitudes of customers and potential customers towards its products, which it believes are ideally suited to the Russian market.
Cessna is hoping that recent sales breakthroughs in Russia with its Grand Caravan turboprop and Skylane 172 piston singles will prove to be a sound foundation for selling more of its Citation business jets there.
JPMorgan downgraded Embraer yesterday from overweight to neutral, in large part due to concerns about Embraer’s airliner business. However, the investment firm noted that “continued weakness” in flight operations and other indicators “are leading us to dial back our business jet delivery forecast,” but it still predicts healthy growth in this segment.
Most new jet programs are moving right along, although some are taxiing to the certification line faster than others. When the elusive global economic recovery arrives, there will be no shortage of new business jets to greet it. However, the flight path to new frontiers of speed, efficiency and convenience has not been an uninterrupted ascent.
Jet Aviation was early to see the Russian business aviation boom coming and so was one of the first Western companies to take the leap of faith needed to launch operations there. Its maintenance facility at Moscow’s Vnukovo Airport is approaching its fifth anniversary and now is preparing to add a fifth business jet family to its portfolio.
Dassault is close to reaching agreement with Russia’s Avia Group to establish a new authorized service center for its Falcon business jet family at Moscow’s Sheremetyevo Airport. The facility is set to open in 2013 and will be located close to Avia’s new terminal building, which was inaugurated earlier this year.
Russia’s seventh annual Jet Expo show is set to open on September 27, with organizers expecting more than 100 exhibiting companies from 27 countries and up to around 50 business aircraft at Moscow’s Vnukovo Airport.