New business unit Jetcraft Asia to best serve clients by blending industry expertise with regional market knowledge
RALEIGH, NC, Feb. 28, 2012 – Jetcraft Corporation, a provider of business aircraft sales, acquisitions, trading and brokerage services, today announced the opening of a new office in Hong Kong, China, under the Jetcraft Asia banner.
“We believe that this is the right time to establish a permanent presence in Asia,” says Chad Anderson, President, Jetcraft Corporation. “While we have been active in the region for years, we have done so without a formal presence. Based on the projected growth of the Asian – and particularly the Chinese – market, we are now directly serving the region. By blending our proven approach to business aircraft sales with a team of Hong Kong-based industry professionals, we believe that Jetcraft Asia will offer buyers and sellers superior market intelligence and an in-depth understanding of regional business and regulatory issues. Speaking for the entire Jetcraft team, we are very excited about this latest step in our company’s growth and evolution,” adds Mr. Anderson.
“From our new office in Hong Kong, we will be able to best represent client interests in Asia,” continues Jahid Fazal-Karim, Co-Owner and Board Member, Jetcraft Corporation. “Traditionally, the Asian market has favored new business aircraft. However, we predict a growing market for pre-owned aircraft, particularly in China, within the next five years. Locally-registered aircraft are likely to remain in China since transferring registration in-country is generally simpler than importing and registering aircraft. Given Jetcraft’s commitment to offer comprehensive services in multiple markets with consistent quality, establishing a permanent presence in Asia was the next logical step for us. Jetcraft Asia will leverage regional market knowledge and our proven approach to remarketing aircraft in order to tailor solutions for our clients globally, both within the region and from elsewhere – whether selling into or buying from Asia,” concludes Mr. Fazal-Karim.
For more information or to contact the Jetcraft Asia team, please visit https://jetcraft.com/company/international-operations/
About Jetcraft Corporation
Jetcraft Corporation is an international leader in new and pre-owned business aircraft sales, acquisitions and trades. Headquartered in Raleigh, NC, Jetcraft has sales offices/representation in five US cities; Basel and Zurich, Switzerland; Dubai, UAE, Moscow, Russia and Hong Kong, China. The company’s 50-year-plus track record in aircraft transactions has earned it a world class customer base and one of the strongest global networks in the industry. Jetcraft Avionics LLC, a subsidiary of Jetcraft Corporation, provides distribution of Enhanced Flight Vision Systems (EFVS) for aftermarket business and wide body aircraft using Elbit-Kollsman’s state-of-the-art EVS-II and AT-HUD. For more information, please visit www.jetcraft.com.
Cirrus reports growth despite uncertain economy
By Dan Namowitz of AOPA
Cirrus Aircraft reported increased production during the third quarter in an announcement that differentiated company performance from overall industry statistics showing a slowing rate of decline in aircraft deliveries
During the third quarter, Cirrus completed 68 new aircraft, seven more than during the third quarter of 2010, said Todd Simmons, vice president of sales and marketing. Although only 48 deliveries were reflected in the third-quarter industry report released by the General Aviation Manufacturers Association, "an additional 20 aircraft were completed in Duluth, Minn., and are currently in transit to the Civil Aviation Flight University of China (CAFUC) in Luoyang, China," Cirrus said in a news release.
Cirrus cited market-share statistics and strengthening revenue as highlights of the reporting period, pointing to a 37-percent share of the single-engine piston, tricycle-gear, certified aircraft sector versus 32 percent for its closest competitor (which according to GAMA figures appears to be Cessna), and a 77-percent share of the high-performance four-seat airplane market. Average revenue per aircraft increased 20 percent over the 2010 third quarter, Cirrus said.
Cirrus also noted nonfinancial milestones that occurred during the period.
The company delivered its tenth and final Limited Commemorative Edition SR22T, a model developed to recognize the anniversary of the first SR22 delivery in 2001. Another landmark event occurred at AOPA Aviation Summit in Hartford, Conn., in September, when Cirrus delivered its 5,000th SR-Series airplane—a production achievement the company heralded as "an astounding accomplishment in aviation" because it occurred in "just over a decade."
Simmons ventured a cautious outlook for the industry, but also optimistic, "especially when you add in the most generous tax incentives ever for U.S. customers."
"At the same time, we are still facing the challenge of a stubbornly slow recovery in the traditional North American and European general aviation markets, and currency fluctuations and economic uncertainty remain present in so many countries around the world," the company said.
On the research and development front, Cirrus reported steady progress on the Cirrus Vision SF50 personal jet program, noting that "exciting program announcements are just ahead."
The Citation XLS+ may soon be replaced with an upgraded model
FlightGlobal reported last week that Cessna Aircraft Company is developing a pair of business jets to compete with the super-light and mid-sized offerings from Embraer, its Legacy 450 and Legacy 500.
The two new Cessna models would replace the Citation XLS+ and Sovereign 680. As most of Cessna’s new deliveries have focused on the very light jet Citation Mustang, the company’s executives expect orders to shift toward light and midsize aircraft.
The news comes as Embraer announced last week that it will open a manufacturing plant in Florida.
The X4 could replace the Eurocopter Dauphin (above).
The replacement for the Eurocopter Dauphin helicopter series could be a “game changer,” says the CEO of Eurocopter. However, the amount of technological advancement for the rotorcraft could depend on partial French funding of the project, according to reports.
AIN Online reports that company CEO Lutz Bertling has set the bar high for the Eurocopter X4 project, offering a higher payload and increased performance in a safer, greener model. AIN reports that fly-by-wire controls might be a feature in the new model, which is expected to launch this year.
Flight Global reports this week that Bertling said an X4 will be “a totally different aircraft” if the French government declines a financial support application.
A previous AIN report said the French financial support could cover up to 30 percent of the program’s cost. In Fall 2010, Eurocopter began testing its X3 model, a turboprop hybrid.
The Falcon SMS will replace the Falcon 50 (above)
Business Jet Traveler recently posted an update on the progress on the "super mid-sized" Falcon SMS. The article says Dassualt Falcon is ramping up the new business jet model to "full-speed development," with wind-tunnel tests being performed on a basic shape.
The company hopes to have the aircraft certified by 2016. Read more here.
The Falcon SMS twin engine will be a replacement to the three-engine Falcon 50, produced from 1996 to 2008, when the last Falcon 50 was delivered and plans were announced for the new model.