After falling for five consecutive years, business jet deliveries this year are poised to rise for the first time since 2008, according to a forecast released by JetNet iQ on Friday at the NBAA Aircraft Registration, Finance and Legal Conference in St. Petersburg, Fla. The prognostication calls for 685 jets worth $21 billion to be shipped this year, compared with an estimated 644 jets worth $20.5 billion delivered last year.
According to economist Brian Beaulieu, 2015 will be the start of a strong economic rebound in the U.S. Speaking last week at the third annual JetNet IQ Summit in New York, Beaulieu, CEO of financial data analyst ITR, added, however, that he expects another fiscal slowdown next year before the start of the upswing cycle.
Based on its most recent statistics and industry member surveys, aviation data provider Jetnet continues to forecast an upturn in the market. “If you liked the industry over the last 10 or 20 years, we believe it’s going to get even better,” said JetNet iQ director Rolland Vincent at the company’s “state of the market” briefing this week at the NBAA Convention.
According to online aviation job distribution network JSfirm (Booth No. 7244), the first two quarters of this year should be a good time to find a job in the aviation industry. The Fort Worth, Texas-based company released the results of its latest Aviation Industry Hiring Trends survey here at Heli-Expo. The survey indicates that companies across the aviation spectrum hired more people than they cut last year and expect to hire additional personnel this year.
Ask experienced aircraft owners and pilots what good product support means to them and they will likely tell you it is extremely important to every safe flight and every successful flight operation.
The National Air Transportation Association (NATA) is conducting a survey of regulated aviation businesses affected by the lack of FAA standardization on regulatory interpretations. “We have launched the survey in response to the Government Accountability Office’s (GAO) review of inconsistencies in how field inspectors interpret and apply requirements on regulated entities,” Jacqueline Rosser, director of regulatory affairs, told AIN.
Following a trend that began three months ago, the UBS Business Jet Market Index moved up again this month, signaling that used jet sales may be on a rebound. Although the index is still in negative territory, this “reflects a slower pace of deterioration,” according to the UBS Business Jet Survey released yesterday.
Amendments to the DOT’s rules that require flight crew, instructors, mechanics and others involved in the operation and maintenance of commercial aircraft to undergo periodic testing for drug and alcohol abuse go into effect on August 1.
Monday is the final day to comment on a proposed rule published by the FAA that, if enacted, would extend the duration of first- and third-class medical certificates for airmen under the age of 40. Currently, the maximum validity of a first-class medical certificate is six months, regardless of age. For a third-class medical certificate, the validity period is 36 months for pilots under 40.
NBAA said that of the 29 people who took the 175-question test, 22 passed the first Certified Aviation Manager (CAM) examination administered last October. The CAM program, developed last year, “offers a way to identify and measure the aviation-specific knowledge and management skills of current and aspiring flight department managers,” NBAA said. A second CAM exam was administered on February 26.
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