Growth in global airline traffic–both passenger and cargo–continued a positive trend during the month of July, as revenue passenger kilometers increased 5 percent and freight ton kilometers rose 1.2 percent over the same month in 2012, according to a pair of reports issued last week by the International Air Transport Association (IATA).
According to noted industry observer Brian Foley, despite the recent weak economic performance of Brazil and Mexico, other countries such as Argentina are performing better and this is being reflected in demand for business aircraft.
Honeywell Aerospace has signed a cooperation agreement with China Electronics Technology Corp (CETC) to jointly work on various avionics programs. According to Briand Greer, the U.S. group’s president for the Asia Pacific region, the partnership will focus on technologies in which China’s Aviation Industry Corporation of China (Avic) does not currently have a strong position.
Hawker Beechcraft has added MedAire’s medical safety program to its SupportPlus maintenance and parts service plan for new Hawker and Beechcraft aircraft. Owners that sign up for SupportPlus will receive an additional four years of MedLink membership, recurrent training vouchers and annual refurbishment of their aircraft first-aid kits. This augments the current MedAire membership entitlement that HBC provides to new aircraft owners.
The only certainty is continued uncertainty when it comes to the outlook for the global economy in 2012. For business aviation at least, it used to be assumed that you had to look only at the state of the world’s major stock markets to assess the market’s prospects. But share price fluctuations tell only a small part of the story these days.
After four years of decline, business aviation is poised for moderate recovery beginning in 2012, according to Honeywell Aerospace’s annual Business Aviation Outlook, released yesterday at the NBAA 2011 Annual Meeting and Convention in Las Vegas, Nev. The Honeywell forecast is based on surveys of more than 1,500 flight departments around the world.
Leading business aircraft manufacturers are starting to take some encouragement from improving market conditions and more than ever are counting on emerging markets like the Middle East to give them the momentum the beleaguered industry needs to achieve a full-blown recovery.
There is an old joke in Brazil that this largest of Latin American nations “is a country of the future, and always will be.” But things have a way of changing.