AIN reported yesterday that a business-market survey for May, performed by UBS Investment Research, showed the corporate jet market holding steady. Industry-specific business conditions in general continue to swing upward as consumer interest rebounds. However, stagnant jet sales inventories dampen the climb. Used jet prices are stabilizing but continue to be well short of peak marks.
Another piece from AIN quotes Brian Foley Associates in saying that as the U.S. Dollar recovers, GA aircraft buyers will shift from non-North American buyers to a more-balanced mix of buyers.
Aviation Week reports that Dornier will assemble its Seastar CD2 amphibian outside of Montreal. Officials at the company, based in Florida, cited governmental support for the aviation industry, from the municipal to the national level, and the skilled labor pool in the area, helped finalized the decision to locate 250 jobs there.
In Japan, government officials are working to make the nation’s aviation regulations more friendly so more business jets land there. The country’s tourism ministry estimates that corporate flights to Japanese airports have dropped by about 4,000 annually in recent years.
The image above comes from AntiqueAirfield.com. Although it looks Photoshopped, it certainly is not. The snapshot places Boeing’s history in a single frame, as the Boeing 40 and Boeing 787 share the sky. Visit the link to see more images from the flight, as well as a behind-the-scenes pictorial showing how the shots were taken. Thanks to our friends at AirPigz.com for posting this on their site and Twitter account.
Would you like to see how youthful a flight in a single-piston aircraft can make an 89-year-old woman become? Check out this link from the Yamhill Valley (Oregon) News Register. A local program for seniors provides a chance to enjoy delayed dreams or rekindle distant memories.
In this case, Marion Field had not been in an airport in what probably was decades until Ageless Dreams arranged a plane ride for her. Her unbridled excitement shines throughout the story. One of the best quotes: “I’m gonna enjoy myself, you bet your boots.”
EBACE continues to be the focus of the business aviation world this week, and within it that focus continues to be the beaten-up, yet-recovering economy. Of the largest media organizations covering the trade show in Geneva, two focused on the recovery among bizav groups, though with differing headlines.
A piece in The New York Times leads by discussing whether the Icelandic volcano could have threatened EBACE altogether under the headling Forecast for Business Jets: Slow Climb.
On a somewhat different side of the coin, UK wire service Reuters reports from EBACE that optimism among participants is high and notes that business aviation is recovering more quickly than its commercial cohorts in a article entitled Business aviation recovering fast - Eurocontrol.
Aviation Week's Benet Wilson showcases static displays from EBACE, including offerings from Boeing, Bombardier and Dassault. As the first day of EBACE wraps up, we expect an update from longtime GlobalAir.com contributor Jeremy Cox of JetBrokers, Inc. His complete gallery of posts for our site can found here.
UPDATE: European Business Air News (EBAN) has this link for all press releases coming from EBACE.
One final tidbit this morning, Canada's WestJet released its first quarter earnings this morning, showing an impressive 20th consecutive quarter of finishing in the black ink. However, the 2010 numbers are down somewhat from its 2009 counterpart. The release does not go into Volcano-Gate or any other drawn-out explanation or analysis of the figures, other than to note a compensation package for an outgoing executive and increased fuel costs.
Cox recently posted a breakdown of the first quarter market in used business jets on his blog. Check it out here.
Thanks to our friends at JetBrokers Europe for tweeting this Business Jet Traveler article which says medium to long-range business jet sales are up about 23 percent from where it was a year ago.
Hopefully, the Great Recession -- especially in the aviation industry -- has hit its floor, and that the rebound gets a clean takeoff and unlimited ceiling in the months to come.
Read the full article here.