Bombardier Aerospace today reported revenues of $8.6 billion last year, down from $8.8 billion in 2010, while pre-tax profits slid by $52 million year-over-year, to $502 million.
Today Gulfstream Aerospace named 25-year business aviation veteran Trevor Esling as regional senior vice president of international sales for Europe, the Middle East and Africa (EMEA). Esling, who most recently was Cessna Aircraft’s senior vice president of international sales for the EMEA region, is responsible for leading Gulfstream’s EMEA sales team from a base in London. Before working at Cessna, Esling was employed by BAe Commercial Aircraft, BAe Corporate Jets and Raytheon Aircraft.
Embraer delivered the first medevac version of the Phenom 300 jet yesterday, to Amil Resgate Saúde. The aircraft–tail number PP-UTI–is also the 100th Embraer executive jet to be delivered in Brazil. The aircraft OEM installed and certified all of the equipment on the aircraft, including a new interior design and assembly specifically for medical missions. The cabin configuration provides horizontal space for a stretcher and four rotating seats for the medical team and companion, as well as a private aft lavatory.
ST Aerospace has begun construction on an expansion to its facility at Singapore’s Seletar Aerospace Park. It will include a general aviation hangar, simulator center for pilot training, facilities for aviation technical training and a VIP facility for air charter customers. ST Aerospace expects to complete the project by year-end. The 42,600-sq-ft hangar will double current capacity to service business jets, helicopters and light aircraft.
Dassault Aviation released consolidated financial results for 2011 today, reporting €3.3 billion ($4.4 billion) in overall revenues for both its military and civil segments. This was 21 percent below revenues in 2010. While it didn’t release separate civil and military revenues, data released last week by the General Aviation Manufacturers Association shows that Dassault delivered 63 Falcon business jets worth $2.7 billion last year, down from 95 Falcons worth $3.9 billion in 2010. This indicates that civil aircraft revenues dropped by some 30 percent last year.
“We sense an eagerness for a pickup in the long-depressed business jet market, particularly at the lower end, but we continue to observe mixed signals,” JPMorgan Investment Research notes in its latest market report. Despite the conflicting signals, the investment research firm still predicts an 8-percent rise in business jet deliveries this year.
Flight Options, the second-largest fractional jet provider in the U.S., said 2011 was one of its best years and expects the momentum to continue to build this year. In fact, the Cleveland-based company reported a healthy jump in new fractional owners last year versus 2010.
“One of the statistics from 2011 of which we are most proud is that more than one-third of all new owners came from referrals–a strong and appreciated endorsement from our current owners,” noted Flight Options CEO Michael Silvestro.
Hawker Beechcraft has sold a pair of Hawker 900XP midsize business jets to Jakarta, Indonesia-based Lion Air, with options for two more. The airline says it intends to use the jets to meet growing demand for executive charter services throughout Asia. The aircraft are scheduled for delivery in the second and third quarters of this year.
Gulfstream Aerospace yesterday announced plans to establish a business jet service center in China. Gulfstream Beijing will be a joint venture with Beijing Capital Airlines (Deer Jet) and Grand China Aviation Technik (GCAT) at Beijing Capital International Airport.
Hainan Airlines Group subsidiary Deer Jet is China’s largest business jet charter provider. Its fleet includes 26 Gulfstream aircraft. GCAT, another Hainan subsidiary, offers aircraft repair, maintenance, and overhaul services.
Aircraft broker Jetcraft is calling on banks to work more collaboratively with the business aviation industry to support growth in the sector. According to Jahid Fazal-Karim, shareholder and board member of the U.S.-based company, it has been increasingly difficult to obtain credit because of the worldwide economic downturn. Only high-net-worth individuals or companies that are asset rich, such as AAA-rated entities are able to secure loans to buy aircraft.