Deer Jet, China’s largest fleet operator, has launched its “General Aviation Equity Fund,” with the goal of increasing investment in general aviation services, such as FBOs and MROs, in China. The fund is anticipated to generate 2 billion RMB in investment capital in the first round, towards a total of 5 billion RMB. Deer Jet announced the fund here at ABACE 2014
Jet Aviation has added a 420-sq-ft interior shop to its new hangar facility at Singapore’s Seletar Aerospace Park to expand its cabin capabilities from minor interior repairs and touch-ups to full interior refurbishment. The facility is outfitted to support upholstery, wood and veneer finishing and carpeting, and is complemented by a new 7,000-sq-ft spray-painting and buffing shop.
Hong Kong-based aircraft management company Metrojet (Booth H418) provided an update here at ABACE 2014 on three joint ventures it announced at last year’s expo that launched its current growth initiatives. “We built a very strong presence in Hong Kong, and now we’re ready to go from local to regional,” said Metrojet CEO Björn Näf.
More than simply transportation, a business jet can serve as flying office, airborne home and luxury retreat, its fuselage a blank canvas within which an owner, interior design team and completion specialists can create a “working” work of art. Here at ABACE 2014 in Shanghai, attendees can see the results in the stunning interiors of aircraft on static display, and in presentations at the booths of the world’s leading VIP aircraft interior completion and refurbishment specialists.
Switzerland-based Jet Aviation Management (Booth P326) announced here at ABACE 2014 in Shanghai that it is adding two Gulfstream G450s and a new Gulfstream G550 to its managed fleet in Asia, bringing to 30 the number of aircraft it operates in the region.
The G550 and one of the G450s will be based in Hong Kong and maintained by the company’s Hong Kong maintenance facility, a Gulfstream Authorized Warranty Service Center for G450/G550/G650 aircraft. Delivery of the aircraft is expected by the end of next month.
Deer Jet, which owns four of the six FBOs currently in operation on the Chinese mainland, expects to at least double that number by the end of this year, according to Peng Zhang, company vice president.
“We are talking with several different airport authorities [who] want to cooperate with Deer Jet (Booth P424) to have an FBO facility on their field,” Zhang told AIN. This includes Beijing Capital Airport, where the company is awaiting permission to begin operations from a facility that was last used for the 2008 Olympics and would be the second FBO on the airport.
Riyadh International Airport’s private aviation terminal, which houses FBO facilities for several players under one roof, is a “disaster,” a senior Saudi aviation official told AIN today at the Middle East Business Aviation Conference in Riyadh.
ExecuJet Aviation, which has made steady progress in the Asia Pacific region over the past few years, is set to open a new maintenance repair and overhaul center just outside Beijing this month through its local joint venture ExecuJet Haite Aviation Services. The Swiss-based group has offices in Beijing and in Kuala Lumpur, the Malaysian capital, and is currently constructing an FBO in Bali.
Business aviation services group Jet Aviation (Booth P328) is set to significantly boost its maintenance capability in Asia when it completes construction of 79-foot (24-meters) high second hangar at Singapore’s Seletar Aerospace Park by the end of this month. The new $25 million facility will triple the size of its present facility adding almost 54,000 sq ft of hangar space.
Susan Herring was named director of initial-phase operations finance for Gulfstream. She joined the company in 2000 as a budget analyst and held various positions, including finance manager for the G450 and G500 and senior finance manager of initial-phase operations and advanced aircraft programs.