Equipment Sector News — Business Aviation
GAMA: QI Business Jet Shipments Off From 2011
The General Aviation Manufacturers Association said worldwide general aviation shipments in the first quarter fell 2.1%. GAMA also noted that business jet shipments of 122 units, were down 4.7% from last year’s 128 units.
Read more...Date Posted May 11, 2012
Cessna Announces Long-Range Citation Business Jet
Cessna announced its newest and longest-range business jet, the Citation Longitude at the European Business Aviation Convention. Cessna said at a price of $26 million, it believes the Longitude is the best value 4,000-nautical mile super mid-size business jet available.
Read more...Date Posted May 11, 2012
Bombardier’s Business Jet Recovery Shows Bigger is Better
Bloomberg noted in a story that Bombardier’s large and mid-size jets are leading a recovery in business aircraft sales as U.S. corporations upgrade their fleets with cash stockpiled after the 2008-2009 financial crisis.
Read more...Date Posted May 10, 2012
General Dynamics: Gulfstream Demand Continued in Q1
General Dynamics reported that healthy demand for Gulfstream aircraft continued in the first quarter with particularly strong interest among North American customers. Large business aircraft unit deliveries were up from 39 in 2011 to 43 in the latest quarter.
Read more...Date Posted April 27, 2012
Hawker Beechcraft Preparing to File Bankruptcy
Reuters is reporting that aircraft maker Hawker Beechcraft is preparing to file for bankruptcy protection in the next several weeks. The aircraft maker is currently working with its lenders under a forbearance agreement that is scheduled to expire June 29, 2012.
Read more...Date Posted March 29, 2012
GECAS Named 2012 ‘Lessor of the Year’
GE Capital Aviation Services announced it accepted the “2012 Lessor of the Year” award from Airline Economics magazine. The award was based on votes from more than 6,000 aviation executive around the world.
Read more...Date Posted March 26, 2012
Falcon Business Jet Maker Says Market ‘Uncertain’
Dassault Aviation said its steep decline in 2011 operating profit was due to a drop in deliveries of its Falcon business jets. The French plane maker said the recovery of the business jet market has begun, “but its evolution remains uncertain.”
Read more...Date Posted March 22, 2012
CIT: Emerging Markets Offer Potential for Commercial Aviation
The emerging markets that offer the greatest growth potential for the commercial aviation industry include China, the Philippines, Malaysia, Indonesia and Latin America, said Jeff Knittel, president of Transportation Finance at CIT in its 2012 Global Commercial Aviation Industry Outlook.
Read more...Date Posted March 13, 2012
2011 Business Jet Shipments Lower; Financing Concerns Linger
The General Aviation Manufacturers Association said 2011 business jet shipments were down 6.3% compared to 2010. GAMA said large-cabin and mid-size aircraft saw growth; however, “greatest concern remains lack of financing.”
Read more...Date Posted March 9, 2012
Boeing: Global Airlines Will Require 33,500 New Aircraft
Boeing said it projects “strong” long-term growth in the airline industry over the next two decades and is forecasting that global airlines will require 33,500 new aircraft worth about $4 trillion.
Read more...Date Posted February 13, 2012
Ex-Im Bank Predicts ‘Golden Age’ for Business Jet Finance
Flightglobal.com reported that Ex-Im Bank financed $250M for 25 business aircraft purchases last year, only 2% of all aircraft financed by the bank in 2011. However, Bob Morin, Ex-Im’s transportation VP predicts a shift in asset allocation in favor of the business jet market over the coming years.
Read more...Date Posted February 10, 2012
ILFC to Establish New Offices; Names Asia Pacific SVP
International Lease Finance Corporation announced it will establish offices in Beijing and Singapore in 2012 and that it has named David A. Nixon as senior vice president and head of Asia Pacific.
Read more...Date Posted January 24, 2012
Industry Forecaster Predicts Gradual Business Jet Rebound
Forecast International said it expects modest improvement in business jet aircraft sales next year, with stronger growth coming in 2013. The forecaster notes, however, it doesn’t expect production to return to 2008 record highs until 2018.
Read more...Date Posted December 28, 2011
Business Jet YTD Shipments Decline 13%
The General Aviation Manufacturers Association reported that worldwide shipments of business jets in the first nine months of 2011 dropped 13% to 427 units compared to 491 units in the same period last year.
Read more...Date Posted November 10, 2011
Hawker Beechcraft Reports Q3 Loss on Fewer Deliveries
Hawker Beechcraft reported an operating loss of $42.2 million for the third quarter as business aviation sales were down from last year on deliveries of 38 aircraft compared to 49 deliveries in the same quarter in 2010.
Read more...Date Posted November 1, 2011
Gulfstream Backlog Increase Reflects International Demand
General Dynamics said its Aerospace unit funded backlog was up from last year on the strength of continued international demand for Gulfstream’s portfolio of aircraft. The company also reported 2011 Gulfstream large aircraft deliveries were up from last year.
Read more...Date Posted October 28, 2011
Honeywell: $230B New Business Jet Deliveries Through 2021
In its latest Business Aviation Outlook, Honeywell notes new net orders of business jets were up at most OEMs while cancellations abated significantly. In its long-term outlook Honeywell expects a moderate recovery with up to 10,000 aircraft worth $230 billion projected from 2011-2021.
Read more...Date Posted October 12, 2011
Honeywell: Moderate Business Aviation Industry Growth in 2012
In its annual Business Aviation Outlook, Honeywell forecasted sales and delivery of $230 billion in new business jets from 2011 through 2021. This represents approximately a two percent increase in total expected industry sales value compared to the prior ten-year horizon Honeywell forecasted in 2010.
Read more...Date Posted October 10, 2011
Global Business Jet Market Stabilizing Despite Uncertainty
Commenting on the state of the international business jet market, Jetcraft said strong demand for new long range/large business jets has stabilized prices, while compelling opportunities exist for buyers of select pre-owned aircraft.
Read more...Date Posted September 13, 2011
GAMA: Business Jet YTD Shipments Decline 26.5%
GAMA said business jet shipments in the first six months of 2011 were down 26.5% from the same period in 2010. The association notes the “numbers demonstrate precisely how ill-timed and potentially destructive the Administration’s policies toward corporate jets are for general aviation.”
Read more...Date Posted August 8, 2011
NBAA: Obama’s Remarks About Business Aviation Inaccurate
National Business Aviation Association CEO Ed Bolen sent a strongly worded letter to Barak Obama expressing dismay at the disparaging remarks about business aviation made by the President in a recent press conference.
Read more...Date Posted July 1, 2011
Air Lease Corporation Positioned to Join Russell 3000 Index
Air Lease said it is set to join the U.S. broad-market Russell 3000 Index when Russell Investments reconstitutes its U.S. and global equity indexes on June 24, 2011.
Read more...Date Posted June 17, 2011
Report: Commercial Aircraft Leasing Market Soars to $233B in 2011
The global commercial aircraft leasing market is currently worth over $230 billion and is expected to experience strong growth during 2011 and into the future, according to a new report.
Read more...Date Posted June 7, 2011
Business Aviation Returns to Growth, But Not Significantly in 2011
In its annual forecast, Bombardier forecasts a return to sustained growth in the business aviation market, although deliveries won’t improve significantly this year. The company notes that the bulk of business jet deliveries will occur in the back half of its 20-year forecast.
Read more...Date Posted May 19, 2011
Air Lease Reports First Quarterly Positive Net Income
Aircraft leasing company Air Lease reported its first quarterly positive net income of $3.2 million. The company noted that it entered into 21 lease transactions covering 60 aircraft across 18 customers during the quarter.
Read more...Date Posted May 18, 2011
FT: Financing Available Again to Fund Business Jet Deals
The Financial Times notes in an article that the drought is over and financing is again being made available to fund business jet deals around the world. However, the cost of transactions has risen and conditions are much more onerous.
Read more...Date Posted May 17, 2011
Business Jet Recovery Occurring at ‘Very Slow Pace’
A post-recession recovery is underway in the business-jet market, though it’s occurring at a very slow pace and may not accelerate until next year executive with several aerospace companies said this week.
Read more...Date Posted May 13, 2011
GAMA: Business Jet Shipments Fall 22% in First Quarter
The General Aviation Manufacturers Association reported general aviation airplane shipments fell 4.6% in the first quarter 2011. Business jet shipments totaled 128 units, a 22% decrease compared to the same period in 2010.
Read more...Date Posted May 12, 2011
Pricing Environment for Large Business Jets Stabilizing
Business aircraft sales and trading provider Jetcraft said in a news release they are seeing clear evidence of a return to a more stable pricing environment for long range and large business jets.
Read more...Date Posted May 6, 2011
Air Lease IPO Could Boost Value of ILFC
AirWise notes in an article that the planned Air Lease IPO, which is expected to raise up to $700 million, could provide a basis for valuing AIG’s aircraft leasing business, International Lease Finance.
Read more...Date Posted April 18, 2011
Hawker Beechcraft: Aviation Financing Availability Growing
Hawker Beechcraft announced that buyers are seeing greater access to aviation financing and the overall cost of aircraft financing has decreased over the past 24 months compared to prices seen during the economic downturn.
Read more...Date Posted April 8, 2011
Embraer in Agreement With China’s Minsheng Financial Leasing
Embraer and Minsheng Financial Leasing jointly announced a strategic cooperation agreement between the two parties to create financing opportunities for selling Embraer executive jets in China and the international market.
Read more...Date Posted April 5, 2011
ILFC Promotes Cromer to President, Announces $1.3B Loan
International Lease Finance announced the promotions of Fred Cromer to president and Philip Scruggs to executive vice president. ILFC also said it entered into a $1.3 billion committed secured loan with a group of 15 banks.
Read more...Date Posted March 31, 2011
GECAS in $1 Billion Sale/Leaseback With Air Berlin
GE Capital Aviation Services and Air Berlin announced an agreement for a $1 billion sale-and-lease-back deal to finance 12 new aircraft.
Read more...Date Posted March 24, 2011
Business Jet Shipments Decline in 2010; Signs Of Recovery Emerging
The General Aviation Manufacturers Association said shipments in the business jet sector declined 12.3% in 2010. However, GAMA’s chairman notes “signs of a recovery have started to emerge.”
Read more...Date Posted February 23, 2011
Hawker Beechcraft Reports 2010 Sales Decline on Lower Deliveries
In a news release, Hawker Beechcraft reported net sales of $2.8 billion for full-year 2010, a decrease of $393.8 million compared with 2009. The company said the decrease was “largely attributable to lower aircraft deliveries in the company’s business and general aviation segment as a result of depressed demand across the general aviation market.” During [...]
Read more...Date Posted February 19, 2011
State of Florida Sells Two Business Aircraft to Fulfill Promise
In fulfillment of a campaign promise, Florida governor Rick Scott said he has directed the Department of Management Services to accept two bids that were revealed last week on two state-owned aircraft that will net the state of Florida more than $560,000 in savings this fiscal year, and it will eliminate the annual operating and [...]
Read more...Date Posted February 15, 2011
JETNET: Pre-Owned Business Jets Sales Up 16% in 2010
In another sign of a budding turn-around for the business aviation market, JETNET said in a news release last week that sales of pre-owned business jets rose by 16% in 2010 from a year earlier, which led to further declines in used inventories. However, those gains were driven largely by a sizable 18.5% drop in [...]
Read more...Date Posted February 11, 2011
