NetJets has signed an agreement with Maguire Aviation at Van Nuys (Calif.) Airport to design a private terminal for NetJets customers and operations. One of the existing Maguire facilities will be custom designed by NetJets to accommodate the fractional-share provider’s owner-passengers. Amenities will include modern furnishings, conference rooms, a business center, crew lounge and rest areas and flight-planning facilities.
Class warfare is much in the headlines of late, and there’s a sort of parallel in business aviation. While the wealthiest citizens and corporations are sitting on mounds of cash for fear of investing it in the wrong place in troubled times, the middle class, the poor and many small businesses are feeling the financial deprivation of this downturn day-to-day. So goes it in the hierarchy of business-jet manufacturers.
Teterboro Airport today at NBAA 2011 honored 19 individuals and companies operating from the northern New Jersey field with its “Good Neighbor Awards,” presented annually at the NBAA convention since 2004. The program recognizes quiet flying at TEB through adherence to the airport’s voluntary restraints on late-night and Stage 2 jet operations.
Yesterday Bombardier reported a healthy overall jump in fiscal second-quarter profits to $211 million, a 53-percent leap from last year’s $138 million. Business aircraft sales–large-cabin jets in particular–accounted for 45 percent ($903 million) of the company’s $2.085 billion revenues in the second quarter; services accounted for 20 percent ($408 million) of revenues.
NetJets lost some of its creative energy in July when Marquis Jet founder and former CEO Kenny Dichter resigned as vice chairman of the company.
Democrats and Republicans wrangling over the debt ceiling, spending and tax increases and tax cuts have come up with a deal nobody really likes. In the meantime the economy continues to stumble along to the pulse of a stock market fluctuating wildly. Unemployment is nudging 9.2 percent, the housing market remains depressed, and the President again has singled out corporate jet owners as the whipping boys.
The Latin American Business Aviation Conference & Exhibition in São Paulo last month marked the dawn of fractional jet ownership in Brazil, with two companies launching programs.
Bombardier has promoted Éric Martel to president of customer services and specialized and amphibious aircraft. He succeeds James Hoblyn, who died in July. Before this appointment, Martel was the Canadian airframer’s senior v-p for commercial aircraft.
The European Business Aviation Association (EBAA) has appointed an airline lobbyist as its new leader. Fabio Gamba, most recently deputy secretary general of the Association of European Airlines (AEA), will join the business aviation association as CEO on September 1. EBAA’s current president and CEO, Brian Humphries, will remain as president.
Britain’s Office of Fair Trading (OFT) has said that it will not continue to investigate a complaint made against NetJets Europe because it has insufficient resources to do so.