Rockwell Collins is moving aggressively into the light jet and turboprop market with a new version of Pro Line Fusion targeted at smaller aircraft.
“For the first time this year, some long-anticipated good news came for pre-owned business jet retail sale transactions,” JetNet said yesterday. “In the first eight months of 2011, the year-to-date average asking price increased 3.5 percent while the industry maintained double-digit growth at 11.4 percent.” While turboprop asking prices declined by 1.5 percent over the same period, transactions still climbed by 11.7 percent.
Business aircraft flight activity in the U.S. last month mostly maintained status quo from a year ago, barely increasing by 0.2 percent, according to TraqPak data from aviation services company Argus. As it has for much of the year, Part 91 flying led the pack, with a year-over-year climb of 4.9 percent. Fractional flying, which has trended positive in recent months, contracted by 0.6 percent last month.
While deliveries of new business aircraft lagged significantly in the first six months of 2011 on a year-over-year basis, JetNet said pre-owned business aircraft sale transactions between January and July have actually climbed. Used business jet sales were up 11.2 percent in this seven-month period versus last year, and turboprop sales increased 3.7 percent.
Pre-owned business jet and turboprop markets showed early signs of improvement in the first half of this year, which is expected to be a second year of correction leading to sustained growth in 2012, according to market information provider JetNet. The company reported 15.3-percent growth in pre-owned business jet retail sale transactions through June, compared with the same period last year.
Australia-based GippsAero launched a stretched turboprop derivative of its piston-powered GA8 Airvan, in addition to expanding its footprint in North America. Certified production of the GA10 turboprop single is expected to begin in 2013.
Pre-owned business jet, turboprop and helicopter markets showed early signs of improvement in the first half of this year, which is expected to be a second year of correction leading to sustained growth in 2012, according to market information provider JetNet. The company reported 15.3-percent growth in pre-owned business jet retail sale transactions through June compared with the same period in 2010.
Kestrel Aircraft has selected Honeywell’s TPE331-14GR to power its all-composite single-engine turboprop. The Brunswick, Maine-based company was founded by Alan Klapmeier, co-founder of Cirrus Aircraft, to bring the former Farnborough Aircraft F1 Kestrel turboprop to market.
Both the U.S.-registered business jet and turboprop segments worldwide experienced more fatal accidents in the first half of this year, compared with the same period last year, according to preliminary figures compiled by AIN.
JetNet’s results from its quarterly iQ Global Business Aviation Survey, which garnered responses from 506 business aircraft owners and operators in 57 countries, indicate that about 40 percent plan to buy a new or pre-owned business jet or turboprop over the next 12 months. “The industry appears to be on the verge of a significant rebound in net orders,” it noted.