Execaire parent company IMP Group acquired Toronto, Ontario-based Image Air Charter. Image Air, which has about 60 employees, manages a fleet of 20 business airplanes and specializes in executive travel via its air charter and aircraft management services. With the acquisition, Execaire will now serve clients with more than 290 employees and a managed fleet of 53 business jets.
Embraer has signed a memorandum of understanding (MoU) with Mumbai-based Indamer to provide maintenance support for the midsize Legacy 500. The Legacy 500, which is expected to enter service in 2014, is currently in the flight-test stage following the maiden flight of the first prototype late last year.
Prague-based ABS Jets is highlighting its operation control center services this week at the Schedulers and Dispatchers Conference in San Antonio, Texas. The company provides a range of services to business aircraft operators and owners seeking to outsource flight-planning services on either a part- or full-time basis.
Cessna Aircraft has acquired Jet Aviation’s maintenance, repair and overhaul facilities in Zurich, Switzerland, and Düsseldorf, Germany. The OEM had recently renewed their designations as authorized service facilities. Both facilities went into operation as Cessna Citation Service Centers on January 1. Under the terms of the agreement, Jet Aviation will continue operating the FBO facilities at both locations.
Marshall Aerospace has entered the pre-owned aircraft sales sector and is expanding its charter activities as part of a relaunch of its business aviation division. The Cambridge, UK-based group is combining its existing Marshall Business Aviation handling and maintenance subsidiary and Marshall Executive Aviation charter operator with the new sales unit in a bid to create a one-stop bizav services brand called Jetability. This also encompasses its concierge support and limousine services.
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.
Czech FBO ABS Jets reported 28-percent year-over-year growth in executive aircraft handling operations at Prague Ruzyne Airport during the first quarter. According to ground operations director Jan Kralik, the marked increase in business is vindication of the private company’s substantial investment in a new hangar and handling equipment last year.
Prague-based aircraft charter and management provider ABS Jets recorded its best-ever revenues in 2011, breaking the CZK1 billion ($51 million) barrier for the first time. While this represents an increase of 2 percent over the previous year, gross profits increased by 23 percent compared to 2010, to CZK44 million ($2.25 million).
ABS Jets is here at the ABACE show extolling the virtues of Asian operators using Prague as a “one-stop-shop” for their visits to Europe. “The Chinese market is developing fast and is generally seen as growing to become the key region for future growth, ultimately becoming of massive importance to business jet operators,” said Antonia Tomkova, the company’s commercial director.
ABS Jets is accelerating its development as a comprehensive business aviation services group and is here at the NBAA show (Booth No. C13618) to explain how it can support U.S. operators in central and eastern Europe. On September 27, the Czech-based company opened its second hangar at Prague’s Ruzyně Airport and from January it will be able to provide handling there for other operators. It plans to open a full-service FBO by 2013.