Jordan’s Arab Wings has become the first Middle East operator to fly Bombardier’s Global 5000 aircraft with its new Vision flight deck suite.
February’s Singapore Airshow confirmed a trend that has been brewing for some time: that Indonesia is emerging as a business aviation hotspot in the Asia Pacific region. Last year the country’s economy grew at its fastest pace since the 1997-98 Asian financial crisis, with gross domestic product expanding by 6.5 percent.
Charter start-up Big White Bear Jet (Booth P216) will be open for business in August this year. Located in the Shunyi Bonded Zone at Beijing Capital Airport, the company will offer management and charter services, and has also established a base that will offer aircraft maintenance and crew training.
Last month’s Singapore Airshow confirmed a trend that has been brewing for some time: that Indonesia is emerging as a business aviation hotspot in the Asia Pacific region. Last year the country’s economy grew at its fastest speed since the 1997-98 Asian financial crisis, with gross domestic product expanding by 6.5 percent.
Hawker Beechcraft found itself on the receiving end of the Lion Air spending spree when the Indonesian airline ordered a pair of Hawker 900XPs, with options for two more. The operator says it intends to use the jets, which are scheduled for delivery in the second and third quarters of this year, to meet growing demand for executive charter services throughout Asia. Indonesia, in particular, is a rising regional hotspot thanks to the growth in personal wealth in the country.
Business aviation in the Middle East is expected to keep growing at a faster rate than that seen in North America and Europe, but slower than the more dynamic expansion now being seen in the emerging markets of Asia. This is the broad consensus among manufacturers and service providers for a region that is now emerging from a somewhat unsettled two-year period that has seen some fall-out from wider economic problems and the so-called Arab Spring political unrest.
Arabian Jets of Jeddah, Saudi Arabia and CAE signed a long-term agreement for pilot training services on eight business aircraft types yesterday at the Dubai Air Show. The training, which will be conducted at Emirates-CAE Flight Training in Dubai and other CAE locations, will include initial and recurrent courses.
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.
After being dented by the financial crisis, Russian business aviation is back in growth mode. This trend was confirmed by Moscow’s Jet Expo show (September 14 to 16), staged for the first time in the Vnukovo-3 business aviation center of the Russian capital’s Vnukovo Airport.
If the business aviation industry is experiencing a recovery, it is by most indications a stumbling affair, with new markets leading the way.
In early May, JPMorgan described business aviation’s progress toward a recovery as “uneven.” In its May Business Jet Monthly report, the firm took note of a “post-recession low” in the inventory of used jets for sale, but also an overall drop in used aircraft prices.