All posts tagged 'BUSINESS JET'

The Need for Speed

Article by: Kirby J. Harrison
www.ainonline.com

In an ever-shrinking world of instant gratification in which going fast is good, then going faster must be even better.

Honeywell didn’t come right out and say it, but the company’s 2012 market forecast introduced a new category devoted to the concept of farther and faster. The forecast calls it the “very high speed/ultra-long range” category and notes the first use of that category in 2010 with the Gulfstream G650.
B/E Aerospace will open a new 38,000-sq-ft ecosystems assembly facilityWhen Gulfstream launched its G650, the airplane was advertised as the industry’s fastest, displacing Cessna’s Citation X. Now the two are locked in a heat, with manufacturers now highlighting range.

The G650 was originally projected to have a range of 5,000 nautical miles at Mach 0.90, but here at NBAA’12 Gulfstream announced the airplane has exceeded expectations and will now fly 6,000 nautical miles at that speed.

While there has been talk about which airplane will be the fastest business jet–Cessna’s revamped Citation X or Gulfstream’s G650, both with an mmo in the 0.93 range–the discussion is now moot from Gulfstream’s perspective. The company notes that while the Citation X is a pretty fast machine with a high-speed cruise of about Mach 0.90, the G650 will fly three times farther at the same speed, with more passengers, in a larger cabin. Enter a new competitor for the faster and further crown.

At NBAA 2010, with the G650 certification program well under way, Bombardier revealed it would build two new members of the Global series–the Global 7000 and the Global 8000.

They will be big. The larger Global 7000 cabin will be 59.6 feet long by 6.92 feet wide and providing 6.25 feet of headroom. By contrast, the G650 cabin is 46 feet 10 inches long and 8 feet 6 inches wide, with 6 feet 5 inches of headroom. The Global 7000 has the edge in cabin volume with 2,637 cubic feet, compared with 2,138 cubic feet in the G650.

Powered by new GE Passport turbofans, the Global 7000 and Global 8000 will fly approximately 4,850 nautical miles and 5,400 nautical miles, respectively, at Mach 0.90–less than the Rolls-Royce BR725-powered G650. Both the Global 7000 and Gulfstream G650 are priced in the $65 million range “typically equipped.”

So as we head for the mid-point of the decade, competition heats up in the VHS/ULR category with closely matched rivals. Some sources were speculating that Gulfstream would announce a stretched G650 (dubbed the G750) here at NBAA’12 to address the Global 7000, but that had not happened as this issue went to press yesterday.

The competition is likely to be lively, recalling those heady days in the mid-1990s when Bombardier and Gulfstream went head to head with the Global Express and GV, running full-page ads in The Wall Street Journal, each not only promoting its own product but also taking any opportunity to point out perceived flaws in its competitor’s aircraft.

Is there a market? Honeywell thinks so. Its forecast estimates that market segment will be the fastest-growing in business aviation in the coming decade, based on its survey of operator purchase plans. The Gulfstream order book is a pretty good indicator: the greater part of the company’s hefty $16 billion backlog relates to orders for the G650.

Observers might be forgiven if the competition conjures visions of Maverick and Goose as they passed by a line of F-14 Tomcats in the movie Top Gun, announcing “I feel the need–the need for speed!”

New Research Points To Signs Of Recovery For Business Jet Aircraft

Article by: www.aero-news.net
FMI: www.marketresearch.com
Projection Based On Corporate Profitability, Considerable Pent-Up Demand

In a report titled "Civil Aircraft: The Market for Business Jet Aircraft," MarketResearch.com says that the market for business jet aircraft is showing signs of recovery from the global economic downturn. Recent corporate profitability signals the potential for future market improvement. Surveys of aircraft operators indicate that considerable latent demand exists in the business jet aircraft market, and corporate cash reserves are high and ripe for re-equipping and upgrading aircraft fleets. It indicates that the market has a 10-year value of over $230 billion.  

This market study includes a year-by-year production forecast of business jet aircraft currently in production or expected to enter production within the next 10 years. These individual forecasts are the result of an exhaustive macro-level examination of the market as well as a micro-level bottom-up analysis of individual business jets versus their direct and indirect competitors, the researchers say.

This market study covers eight separate classes of business jet aircraft, including Very Light Jets (VLJs), light business jets, light medium business jets, medium business jets, super mid-size business jets, large business jets, long-range business jets, and airliner-type business jets. These classes of business aircraft are statistically analyzed individually, and a 10-year forecast for each aircraft within each of the different classes is provided in terms of both units and value. In the overall market, some business aircraft are powered by turbine- and piston-powered propeller engines; this market study focuses strictly on turbofan-powered aircraft. The other types of business aircraft are covered in other Forecast International market intelligence reports.

Unlike the market for large commercial jet transports and the market for regional transport aircraft, the market for business jet aircraft has faced little competition from the up-and-coming Chinese manufacturing conglomerates COMAC and AVIC, or from the Russian aircraft manufacturers. The main players within this market remain Airbus and its ACJ; Boeing and its BBJ; Bombardier and its Learjet and Global; Cessna and its Citation, CJ, Mustang and Sovereign; Dassault and its Falcon; Embraer with the Phenom and Legacy; Gulfstream and its G models; and both Hawker Beechcraft and Honda with their light and very light business jets. Although the competition has not expanded in terms of number of manufacturers vying for market share, the number of models and configurations has grown significantly. Currently, this market report covers 12 manufacturers and encompasses 55 separate models of business jet aircraft within the eight classes.

In developing its business jet aircraft forecast, Forecast International takes into consideration all relevant market factors and industry data. These include, but are not limited to, the volume of aircraft orders, letters of intent, and other types of purchase commitments; OEM marketing strategies; changes in the business aircraft customer base (geographic and otherwise); historical and planned production rates; trends in aircraft capacity, performance, and operating efficiency; and the inventories of used aircraft for sale. In addition, economic trends are studied, including GDP growth, inflation, and corporate profitability.

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