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.
A Boeing Business Jets BBJ set a new world speed record this week on a nonstop flight from Los Angeles to Auckland, New Zealand, completing the 5,658-nm trip in 13 hours, 7 minutes and 54 seconds. The record-setting flight was monitored by the National Aeronautic Association. Owned by Samsung Electronics, the bizliner was flown to New Zealand for the first interior completion of a new BBJ by Auckland-based Altitude Aerospace Interiors. According to Boeing Business Jets, the BBJ is its best selling model, with 157 sold to date.
The Learjet 60XR was featured in a recent episode of National Geographic Channel’s Megafactories TV series. In this episode, the assembly of businessman David Morgan’s $14 million Learjet 60XR is highlighted to tell the story of how each business jet is assembled at the Wichita plant, as well as how Bombardier Learjet has reinvented itself to optimize production. The film crew captured how the production line runs and the technical expertise and monumental logistics behind each aircraft.
The Gulfstream G550 received type approval from the South African Civil Aviation Authority yesterday, allowing operators to register the ultra-long-range business jet in South Africa. “Gulfstream’s presence in Africa has grown dramatically, particularly in South Africa, which accounts for 24 percent of the entire Gulfstream fleet in Africa,” said Gulfstream senior vice president of sales and marketing Scott Neal.
The wide-cabin, ultra-long-range Gulfstream G650 received full FAA type certification today, just days after the Savannah-based aircraft manufacturer obtained final FAA and Israeli approval for its super-midsize G280. Gulfstream Aerospace expects to deliver the first outfitted G650s to customers before year-end; it delivered 12 green G650s late last year after receiving provisional FAA certification in November.