International – Business Aviation News https://businessaviationnews.com Mon, 28 Oct 2019 14:18:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.3 https://i0.wp.com/businessaviationnews.com/wp-content/uploads/2018/02/bizicon.png?fit=32%2C32&ssl=1 International – Business Aviation News https://businessaviationnews.com 32 32 142066361 GULFSTREAM G500 EARNS EUROPEAN CERTIFICATION https://businessaviationnews.com/gulfstream-g500-earns-european-certification/ Tue, 15 Oct 2019 14:16:36 +0000 http://businessaviationnews.com/?p=485 SAVANNAH, Georgia, October 15, 2019 — Gulfstream Aerospace Corp. today announced the all-new, award-winning Gulfstream G500TM has received its European Aviation Safety Agency certification, clearing the way for European Union registrations and customer deliveries.

“The G500 has been very well received in Europe,” said Mark Burns, president, Gulfstream. “Customers in the region have been drawn to the unprecedented level of technology and innovation in the flight deck and the impact that has on safety and efficiency. In the cabin, they can see the effect technology has on the passenger experience with a rejuvenating environment, advanced ergonomics, award-winning seats, and unmatched comfort.”

Well before the G500 entered service in September 2018, the aircraft had already proven its maturity and capabilities with a score of city-pair speed records set across the world. That number has since risen to 35 and includes Seville, Spain, to Abu Dhabi in 5 hours and 45 minutes; Geneva to Chicago in 8 hours; Doha, Qatar, to Shannon, Ireland, in just over 7 hours and 30 minutes; and Farnborough, England, to Las Vegas in 10 hours and 20 minutes.

The G500 can travel 4,400 nautical miles/8,149 kilometers at Mach 0.90 and 5,200 nm/9,630 km at Mach 0.85. The seat collection available on the G500 was chosen for an International Yacht & Aviation Award for its advanced ergonomics and aesthetics that can be tailored to customers’ design preferences and mission requirements. In addition, the G500 cabin features customized furnishings, a healthy cabin environment and 14 Gulfstream panoramic oval windows.

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Gulfstream, Cessna, Other Business Jet Makers Are Finally Feeling Some Lift https://businessaviationnews.com/gulfstream-cessna-other-business-jet-makers-are-finally-feeling-some-lift/ Sat, 10 Feb 2018 15:12:02 +0000 http://businessaviationnews.com/?p=273 A recently weak dollar has made American-made aircraft more attractive to overseas buyers. Private-jet makers and operators are showing signs of recovering from a decade long slump in the industry. The 2008 financial crisis hobbled demand for private aircraft, and corporate caution and cost cutting since then have kept a lid on the market. Now, rising corporate profits, a demand-boosting incentive in the U.S. tax overhaul and a strong economic recovery in Europe are lifting the industry’s prospects. And a weaker dollar is now making American-made aircraft cheaper overseas, attracting buyers.

“All kinds of factors are suddenly pointing in the right direction,” said Chad Anderson, president of aircraft broker Jetcraft Corp. , in Raleigh, N.C.

Deliveries hit a record 1,154 jets in 2008, then fell sharply and have since stayed closer to 600 planes a year, according to Jetcraft figures. Recent order activity suggests an upturn: the broker is forecasting deliveries will top 800 by 2020.

“Order activity and customer interest are picking up across the industry,” Phebe Novakovic, chief executive of Gulfstream jet maker General Dynamics Corp. , told analysts last month. The final quarter of 2017 was the second-best ever for orders of Gulfstream’s top-of-the-line G650 model planes with a sticker price of around $67 million, she said.

French business-jet maker Dassault Aviation SA in January said it secured 38 net orders in 2017 compared with 21 net deals in 2016. Deliveries of new planes last year topped its original expectations, the company said.

“The level of activity out there is stronger than we’ve seen in some time,” Textron Inc. Chief Executive Scott Donnelly told analysts last month. The company owns business-jet maker Cessna.

Corporate shuttles, the planes that companies own or rent to ferry workers between plants, “are coming back into play,” said Mark Briffa, chief executive of British commercial-jet broker Air Partner AIR -4.97% PLC, which has been adding staff in the U.S. The number of Air Partner customers who have signed up for the company’s jet cards, which entitle clients to hire a private plane at a fixed cost, jumped 36% in 2017. “The market is growing,” Mr. Briffa said.

Craig Hall, who runs a Dallas-based real-estate firm and owns vineyards in California’s Napa Valley and Sonoma County, sold his Dassault Falcon 50 in 2008 for $6.5 million. “I got rid of the plane because of a downturn in business,” he said. He has since rented a series of jets.

Now, the new U.S. tax rules could tip him toward owning again, Mr. Hall said. He is looking at a two- to three-year old jet, like a Dassault Falcon 2000, which can list for about $20 million.

“I tend to travel at odd hours and go to places that commercial aircraft don’t cover well,” he said.

The U.S. tax overhaul signed into law in December includes several provisions that could help make a business-jet purchase more attractive. For instance, under the new rules, companies can write off 100% of the cost of a plane in the first year after purchase through at least 2023.

“For a company, that can be a big deal,” said Scott O’Brien, senior manager of finance and tax policy for the National Business Aviation Association, an industry lobby group.

Used planes get the break, too. That will help shrink inventory of old aircraft on the market—a supply that has kept a lid on demand for new planes. About 11% of all business jets in service are for sale, down from 16% in 2009, according to aircraft market data provider JetNet.

The U.S. tax code is just part of the new attraction. European buyers also are back. The U.S. currency’s recent slide against the euro has made planes 15% to 16% cheaper for European buyers, said Jetcraft’s Mr. Anderson.

Demand for private flights in Europe is also rising. TAG Farnborough Airport near London, one of Europe’s busiest hubs for private jets, said recently that 2017 was its busiest year since 2007. So far, 2018 is looking good, too. The airport said takeoffs in January were up nearly 18% from a year earlier.

Article by: Robert Wall, Wall Street Journal
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China’s Billionaires Will Fuel Demand for Private Jets: Gulfstream https://businessaviationnews.com/chinas-billionaires-will-fuel-demand-for-private-jets-gulfstream/ Fri, 09 Feb 2018 05:34:18 +0000 http://businessaviationnews.com/?p=246 “The demand in China is primarily for large cabin aircraft that will allow Chinese companies to fly non-stop to many destinations around the world,” Scott Neal, SVP Sales, Gulfstream

Full Article

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Private Jet Card Comparisons Releases 2018 Analysis https://businessaviationnews.com/private-jet-card-comparisons-releases-2018-analysis/ Tue, 30 Jan 2018 14:09:50 +0000 http://businessaviationnews.com/?p=190

Private Jet Card Comparisons, the only independent buyer’s guide to private jet membership card programs, announces the release of its 2018 analysis, which has been expanded to include more than 250 programs for private fliers to choose from. Recently referred to as “a modern-day online Kelley Blue Book for private jet cards,” by Barron’s, Private Jet Card Comparisons’ 2018 analysis now offers more than 65 different variables that are important for consumers to consider when looking for the jet card program that best fits their unique flying needs

New variables added for 2018 include extra charges for de-icing, which can amount to thousands of dollars per occurrence, extra charges for diversions, availability of in-flight phone service and emergency medical services offered. The comprehensive analysis once again compares hourly rate, program denominations, types of aircraft offered, sourcing standards for planes and flight crew, in addition to charges for minimum flight time, taxi time, number peak days and peak day surcharges, lead time to reserve and cancel both domestic and international flights as well as peak period variances, extra fees for fuel, catering, CPI escalators and whether or not the 7.5% Federal Excise Tax (FET) is included in quoted rates.

Other important variables compared include each providers’ policy for upgrading or downgrading size of aircraft, Wi-Fi availability, pets, as well as the minimum age for sending unaccompanied minors. The report also details if enclosed lavatories are guaranteed on Light Jets, as some small planes only have a curtain or no toilet at all. Additionally, subscribers get detailed information on service recovery, lifestyle and luxury partnership perks, the type of catering included, the ability to select their FBO of choice, interchange fees, lists of Peak Days by program to help in trip planning, and of course critical features such as Guaranteed Availability and Guaranteed One-Way Hourly Rates. Discounts for roundtrip travel, which can be as high as 40% are detailed, as well as availability of escrow accounts for transferred funds and corporate overviews, including ownership and CEO information.

“While business aviation has had a difficult recovery since the Great Recession, the number of companies selling jet cards has more than doubled,” said Doug Gollan, founder and editor-in-chief of Private Jet Card Comparisons. “Jet cards are the hot spot of private aviation because they provide users with the closest experience to full or fractional ownership at a much lower expense and without the long-term commitment. Jet cards also provide consumers with a more convenient alternative to on-demand charter, which can be time-consuming when reviewing aircraft and pilot sourcing standards, pricing, extra fees, small letter terms and transferring money for each trip.”

Jet cards are often compared to debit cards in that many programs are prepaid, requiring consumers to deposit an amount of money, usually between $50,000 and $1,000,000, and as they fly, the funds are deducted from their account. Getting in the air can be as simple as reserving an Uber with a tap of a smartphone application.

As the commercial airline and airport experience continues to deteriorate and the economy continues to surge, the estimated market for jet cards in the U.S. alone is up to two million affluent households and businesses. Private Jet Card Comparisons provides subscribers the ability to download its spreadsheets for personal use, enabling users to quickly identify the programs that best fit their needs and manipulate the data to focus on the variables that are important to them. “By putting all of this information into spreadsheets, we save subscribers dozens of hours of research, help them identify the programs that best fit their needs and make them educated buyers,” continued Gollan.

Private Jet Card Comparisons does not sell or market subscriber data, providing users’ privacy from being contacted by third parties. The price of a subscription to Private Jet Card Comparisons’ 2018 analysis edition remains at $250 and can be purchased at https://privatejetcardcomparisons.com/payment-details/.

About Private Jet Card Comparisons

Private Jet Card Comparisons compares over 250 jet card programs from more than 30 providers across 65+ variables in easy-to-use spreadsheets saving hours of research and thousands of dollars from choosing the wrong program. Companies compared include: Air Partner, Airstream Jets, Clay Lacy Aviation, Concord Private Jet, Delta Private Jets, Executive AirShare, EcoJets, ExpertJet, Flexjet, Jet Aviation, Jet Linx Aviation, JetSet Group, JetSuite, Jet The World, Luxury Aircraft Solutions, Magellan Jets, NetJets (Marquis Jet), Nicholas Air, Paramount Business Jets, Private Jet Services PJS Group, PrivateFly, Prive Jets, Sentient Jet, ProspAir, Silverhawk Aviation, Solairus Aviation, Star Jets International, StraightLine Private Air, Tee Bee Jets, Velocity Jets, VistaJet, Wheels Up, Wholesale Jet Club, XOJET and more.

Media Contacts:

Harley Landsberg
Harley.landsberg@evins.com

Andi Picker
Andi.picker@evins.com

SOURCE Private Jet Card Comparisons

Related Links

https://privatejetcardcomparisons.com

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