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.
Following our June 28 report about a change of ownership at the Diamond Hangar FBO at London Stansted Airport, Mike Foley contacted AIN to explain that he had not, in fact, been managing director of the facility’s former owner, Eighteen Aviation, as the company had previously described him in official statements. Foley said that he had served as a “consultant director” in setting up the FBO before resigning this position last December.
Business aviation consultant Brian Foley, president of Brian Foley Associates, used an intriguing metaphor to explain the issues effecting Chinese business aviation: “Imagine if there was a 22-percent tariff on imported cars, drivers had to ask permission to drive a day in advance and they could drive only to specified cities via a suboptimal route with few services. Driving to a city not on the approved list would require a ‘navigator’ to ride along.”
The business aviation industry appears poised for growth this year as the U.S.“leads the way” to a fuller recovery, according to two analysts contacted by AIN. Teal Group vice president of analysis Richard Aboulafia is “cautiously optimistic” that business jet deliveries and billings will climb this year, while Brian Foley of Brian Foley Associates is more bullish.
Analyst Brian Foley predicts new and used helicopter sales will continue their upward trend. But he also said the purchase justification process will require more detailed research as various market segments exercise increasing cost scrutiny.
Aviation analyst Brian Foley is optimistic about prospects for new helicopter sales in the next few years and expects that “sales will trend upward nicely.” However, that will happen only if buyers realize value in helicopter purchases. “That’s contingent upon the manufacturers’ ability to help customers with all the necessary information and justification needed to make their numbers work,” he said.
The next decade will usher in a new era of tightened purchase scrutiny for helicopters, according to business and general aviation analyst Brian Foley. He still predicts growing sales of helicopters over the period, “But most–if not all–will require an indisputable, virtually airtight business-case justification.
The Middle East business aircraft fleet has shrunk by 6 percent, according to market analyst Brian Foley. “The Middle Eastern business jet population has declined from 550 to 516 aircraft in the last 12 months,” reported Foley in December. “It represents a fleet contraction…mostly in large and midsize business jets with an aggregate value approaching three-quarters of a billion dollars that were either sold, grounded or repossessed.”
Less than a month after an active Dubai Air Show closed, market analyst Brian Foley called attention to a 6-percent shrinkage in the Middle East business jet fleet. “The Middle Eastern business jet population has declined from 550 to 516 aircraft in the last 12 months,” said Foley.
The market for business aviation in Europe is not rebounding as quickly as those in other parts of the world, and improvement will continue to be slow, according to analyst Brian Foley of Sparta, N.J.-based Brian Foley Associates. Conspiring to limit European demand for new business aircraft are high fuel prices, user fees, carbon taxes, airspace issues, new regulations and airport slot restrictions.
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