"Those of us in this room will feel pretty good five years from now," predicted David Sokol, chairman, president and CEO of NetJets. "Time is the friend of good businesses." Sokol made the comment yesterday at Dassault Falcon's annual NBAA "family breakfast," where he was the guest speaker and revealed plans for NetJets to open an outlet in China. Dassault Falcon hosted the event at the Omni Atlanta CNN Center.
Dassault Falcon Jet chairman Charles Edelstenne offered a less-than-glowing look at the current state of business aviation as it struggles with the recession and he noted in a press conference yesterday that there are mixed signals with regard to a recovery.
It was three years ago at the NBAA Convention in Orlando that the industry was faced with the sub-prime crisis, he pointed out. "Today, we are still struggling," he added.
The next big new idea from Dassault is its long-awaited SMS super-midsized jet program. The company has been decidedly secretive about what the program will amount to, making it hard to anticipate exactly where it will fit in the Falcon product family.
Financial results for the first half of 2010 appeared to suggest that Dassault Aviation has begun to reverse the severe downward trend its Falcon business jet operations have endured over the past 24 months or so.
Dassault Falcon predicts that Brazil will be one of the fastest-growing markets in the world for business aviation as the industry recovers, company president and CEO John Rosanvallon said today at the 2010 Latin American Business Aviation Conference & Exhibition (Labace) in São Paulo. “Brazil has experienced a healthy growth in GDP and benefits from a diversified economy built on exports.
The business aviation market is getting stronger, but it’s not getting stronger soon enough to support hopes for a full-blown recovery in the short term, according to Dassault Aviation’s assessment of its financial results for the first half of this year. The French airframer said yesterday that, despite slowing order cancellations, it sold only two Falcons in the first six months of this year.
Dassault Falcon is reorganizing its service support strategy, with a particular focus on technical assistance, parts inventory and the service center structure. “Times have changed and we must change with them,” Jacques Chauvet, Dassault Falcon’s senior vice president for worldwide customer service, told AIN.
Since the beginning of the economic crisis, European company executives flying in business jets largely have escaped being singled out as fat cats as infamously happened to the bosses of America’s big-three automakers when they flew from Detroit to Washington in three separate jets to ask for federal handouts in November 2008.
Dassault Aviation’s maintenance and operations (M&O) seminar held here in Geneva on April 1 was a prime opportunity for the Falcon business jet manufacturer to highlight customer support initiatives that it has taken in an effort to keep up with its North American competitors.
Dassault Aviation last month reported its 2009 sales and delivery totals, and the numbers were mixed. The company ended the year with a net tally of minus 163 Falcon orders but a record 77 deliveries. The company has no plans for job cuts in France, although it has slashed the U.S. workforce by 20 percent since the beginning of the downturn.