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Young Used Bizjet Inventory Falls To Pre-crisis Levels

AIN International Available preowned business jet inventory last month was 7 percent lower year-over-year and now represent 10.3 percent of the installed base, the lowest since before the financial crisis, according to data from UBS Global Research. At 5 percent of installed base, inventory of zero- to five-year-old preowned business jets fell 4 percent sequentially … Continued

Bizav Boosts Bottom Line, Nexa Reports

AIN International Use of business aviation is a hallmark of well-managed, admired and profitable American enterprises, and these firms outperform those that don’t use business aircraft, a new study of S&P 500 companies by Nexa Advisors finds. The study, “Business Aviation and Top Performing Companies, 2017,” covers the years 2012 to 2016 inclusive and builds … Continued

Five Years On, G650 Still ‘Top of Market’ Bizjet

More than 250 Gulfstream G650/650ERs have been delivered globally since the the G650 achieved FAA type certification five years ago, the Savannah, Georgia-based company said yesterday. When the ultra-long-range, wide-cabin business jet was launched in March 2008, it had one of business aviation’s most successful product launches, with more than 200 firm orders following the … Continued

Gulfstream Delivers First B-registered G650 in China

Gulfstream Aerospace delivered the first B-registered G650 to an undisclosed customer based in mainland China earlier this month, a company spokeswoman confirmed to AIN. This follows type-certificate validation from China’s Civil Aviation Administration for Gulfstream’s flagship G650 and G650ER ultra-long-range twinjets in mid-February. “The G650 and G650ER demonstrate real-world capability that our customers value,” said … Continued

Global 7000 Program on Track as Third Aircraft Flies

AIN International The third flight-test Global 7000, FTV3, completed a 4-hour, 10-minute maiden flight yesterday from Toronto Downsview Airport, where Bombardier Aerospace assembles the ultra-long-range business jet. Piloted by Logan Lamping and Derek Thresher, the twinjet—registered C-GLBX—reached FL510 and 320 knots during the mission. Flight-test engineers Duane Moore and Matthew DiMaiolo were also on board. … Continued

GAMA: 1Q Bizjet Shipments Rise, Turboprops Plunge

General aviation airplane shipments in the first quarter ticked up 2.3 percent from a year ago, though billings slid 10.9 percent, according to data released today by the General Aviation Manufacturers Association (GAMA). Overall, the industry shipped 434 airplanes worth $3.6 billion in the first three months. Piston airplane shipments increased 6.3 percent, to 203 … Continued

China Is BBJ Territory, Says New Boeing Boss Laxton

by Kerry Lynch, AIN Greater China has become a central market for Boeing Business Jets (Chalet 2) for both new and pre-owned aircraft, according to Greg Laxton, the new head of the company. Over the past five years, the BBJ fleet in the region has swelled by 190 percent. Speaking at his first major business … Continued

Dassault: Chinese Business Jet Market Is ‘Waking Up’

Dassault Aviation is showing its flagship Falcon 8X this week at ABACE 2017 in Shanghai, and if the success of the 7X in China is any indication, the 8X should do quite well in this market. According to Jean-Michel Jacob, president of Falcon Asia-Pacific, Dassault already has one 8X under contract with a Chinese customer. … Continued

Gulfstream’s China Market Share Continues To Climb

by AIN Staff, Gulfstream Aerospace will deliver its first B-registered ultra-long-range G650 to a Chinese customer this month, following certification of the G650 and G650ER by the Civil Aviation Administration of China in February. There are already 23 G650s operating in Greater China, according to Roger Sperry, Gulfstream regional senior v-p for international sales in … Continued

Third PC-24 Prototype Makes First Flight

by Mark Phelps, AIN International The third and final prototype has joined Pilatus’s PC-24 flight test program. Certification is expected in this year’s fourth quarter with first deliveries shortly thereafter. (Photo: Pilatus) Pilatus has announced the first flight of its third prototype PC-24 twinjet. The March 6 maiden voyage of “series-conforming” aircraft P03, registered HB-VSA, … Continued

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