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Morning Rundown: EBACE and WestJet Quarterly Profits

by GlobalAir.com 4. May 2010 09:33
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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.

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