Global Jet Capital releases annual Business Jet Market Forecast
Forecast projects $186.8bn in total transaction volume over the next 5 years.
Global Jet Capital released its five-year Business Jet Market Forecast this week reporting continued growth for the period.
First introduced in 2021, the updated report contains insights and projections for the business aviation market through 2026, including new deliveries and pre-owned transactions. The report contains a high level of detail based on outputs generated by Global Jet Capital’s proprietary transaction forecast model.
Based on this model, Global Jet Capital projects $186.8bn in total transaction volume of new and pre-owned transactions between 2022 and 2026, with a compound annual growth rate of 5.1 percent during that time.
The report also forecasts heavy and medium jet demand should increase at faster rates than other size categories. North America will remain the largest business jet market over the next five years with Europe being second largest market. Additionally, Latin America will be an important pre-owned market.
Bombardier has expanded its Line Maintenance Station (LMS) at Le Bourget Airport near Paris to increase its maintenance and repair services for European customers.
The facility is strategically located at one of Europe’s busiest airports for business aviation and the expansion is another step in the company’s drive to lead the industry in aftermarket services by bringing best-in-class OEM service, parts and know-how closer to its customers.
(L to R): Anthony Cox, Vice President, Customer Support, Bombardier; Mobile Response Team Engineers Pietro Iacubino and Sylvain Moratille; and Guillaume Landrivon, Vice President, Smart Services and Programs.
Bombardier recently boosted its workforce at the Le Bourget LMS, established in 2018, and has added more than 30,000 sq. ft. (3,000 square metres) of hangar space, capable of accommodating up to three Global 7500 aircraft at one time or as many as six Learjet or Challenger aircraft at a time.
The expansion has increased the slots available for light scheduled maintenance as well as unscheduled and aircraft-on-ground (AOG) maintenance and parking services currently provided by the LMS. The additional space and technicians are poised to enhance the reach and response time of Bombardier’s locally stationed Mobile Response Team (MRT). Near term plans also include the addition of wheel and battery shop maintenance services.
Farnborough Airport’s mission to become a global showcase for airport sustainability and driver of regional economic growth continues to gather pace as it welcomes premium fleet operator Flexjet in setting up its European Tactical Control Centre at Europe’s leading business aviation airport.
As well as offering an outstanding customer experience, Flexjet has sustainability high on its priorities and includes a complete emissions offset (300% CO2e) for both carbon and non-carbon pollution, at no extra cost to the passenger, thus contributing to Farnborough Airport’s own commitment to sustainability and the UK Government’s targets for net zero carbon emissions.
Flexjet has opened the Tactical Control Centre - the operational heart of its European business - and office space for its operations and other support teams within Farnborough Airport’s Meadow Gate building, in a move from its previous base in St. Albans, Hertfordshire.
The relocation contributes to Farnborough Airport’s impressive number of 50 companies based on site and the airport’s longstanding history of driving economic growth and local employment in the region.
At EBACE this week, Satcom Direct (SD) announced a new three-way partnership agreement with OneWeb, the global communications company powered from space, and QEST, Quantenelektronische Systeme GmbH, a worldwide market leader in innovative aeronautical antennas.
The collaboration is to progress development of an Electronic Phased Array antenna to support OneWeb’s advancing mobility services. The agreement also covers a long-term distribution partner agreement where SD will market and sell OneWeb’s high-speed, low latency inflight broadband services.
Development has already begun on the flat-panel antenna with initial demonstrator technology scheduled to validate over-the-air performance, in small form factor across the OneWeb satellite constellation in Q4 2022.
Designed for smaller aircraft the lightweight, low profile, modular antenna will deliver high-speed, broadband connectivity to this aircraft category for the first time. Together SD, OneWeb and QEST will enable passengers and operators to be more productive and enjoy more leisure time during flight via global broadband connectivity.
Fledgling Irish Business Aviation Association announces its official launch and conference this November.
The Irish Business & General Aviation Association marked its formal launch at EBACE in Geneva this week, coinciding with news it is to host its own network-focused destination conference this autumn.
The debut edition will take place on 17th November in a partnership with the European Business Aviation Association (EBAA), at Adare Manor, Limerick, ranked the fifth top ranked resort in the world. IBGAA is also delighted to confirm Gulfstream as its first, premier sponsor.
Adare Manor, Limerick - venue for IBGAA's debut conference in the Autumn.
The Association’s founding trio, Josh Stewart, Joe Buckley and Dave Scully, intend to make the conference - which will include an end of day gala dinner - an annual event. It will appeal to senior decision makers in business aviation, with a target audience of corporate jet operators, private aircraft owners, plus charter users from various sectors (MICE, sport and entertainment).
The National Business Aviation Association (NBAA) has applauded the US Senate introduction of the Advanced Aviation Infrastructure Modernization Act (AAIM) Act to accelerate the growth of advanced air mobility (AAM).
The bipartisan AAIM Act, introduced by Sens. Alex Padilla (D-CA) and Jerry Moran (R-KS), authorizes funding for communities to develop comprehensive plans for critical new AAM infrastructure by leveraging existing general aviation airports and other public transportation facilities to support AAM operations. It also fosters community engagement programs to introduce the new technologies to a diverse set of communities.
The US House last December introduced its version of the AAIM Act, H.R. 6270, led by Transportation & Infrastructure Aviation Subcommittee Chairman Rep. Rick Larsen (D-2-WA), Ranking Aviation Subcommittee Member Garret Graves (R-6-LA) and Rep. Dina Titus (D-1-NV).
Web Manuals, the world leader in digitalizing manuals for the aviation industry, has announced the appointment of Jimmy Bäckström as chairman.
Since joining the Board in 2016, Bäckström has played a significant role in developing the growth strategy for Web Manuals. His experience as chief revenue officer at inriver, a B2B software company in Malmö, will guide the business as it extends its customer base and expands into new markets.
Web Manuals also welcomes two new members to its Board. Katja Dömer, chief marketing operator at inriver, will assist with ongoing market strategies at Web Manuals. Charlotta Falvin, who sits on the board of several fast-growing Swedish technology companies will advise on product upgrades and technological developments
Worldwide, there have been 358,448 business jet and turboprop sectors flown in the first 23 days of May 2022, according to WINGX`s weekly Global Market Tracker published today.
Flight activity, measured by sectors flown, is well above pre-pandemic levels, 19% more than May last year, 148% more than locked down May 2020 and 13% above pre-covid May 2019.
Global scheduled airline sectors are up 37% versus May last year but still down 23% on pre-covid May. Cargo operators are flying 4% less in May than during the same period last year and 2% less than pre-covid May.
Year to date 2.1 million business jet and turboprop sectors have been flown globally, accounting for 18% of all global fixed wing activity, and flying 15% above comparable 2019.
Business jets continue to be in demand across Europe, sectors flown in the first 23 days of May 2022 are up 31% on last year, up 17% compared to pre-pandemic May. Major events are likely to contribute to a strong month for bizjets in Europe.
We’re back! declared a jubilant EBAA Secretary General Athar Husain Khan yesterday (Tuesday) during the formal opening of EBACE 2022 in Geneva.
He was assisted by two very special guests - keynote tennis champion Martina Navratilova who lobbed signed tennis balls from a racket to an enthusiastic seated audience - and young aviator Zara Rutherford.
The Belgian-UK teenager became the youngest woman in the world, aged 19, to circumnavigate the Earth, flying for five months in a VFR microlight - without oxygen - prompting Martina, a keen pilot herself, to exclaim ‘bloody hell - that’s brave!’
Tennis Champion Martina Navratilova (right) lobs signed tennis balls to an enthusiastic EBACE audience during the opening ceremony.
Speaking about her own flying, Martina highlighted that a double fault in her tennis career could easily (and quickly) be recovered - but in aviation - “that is a big deal.” Interviewed by NBAA’s Ed Bolen on stage she recollected going solo for the first time, having trained in Aspen, Colorado, and admitted she was scared. I wanted to make a U turn - but then her thoughts turned to the centre court - that match point. “Let’s go,” she said.
Over 700 delegates watched these two inspirational women and Martina went off to enjoy the static line up with Athar – staying at the show for five hours.
Flying Colours Corp. sees resurgence in regional jet conversions as new customer signs for corporate shuttle
Flying Colours Corp., the international maintenance, repair, and overhaul business, has confirmed the signing of an agreement for a CRJ 200 regional airliner conversion.
The new client, a charter operator customer, anticipates using the aircraft to satisfy rising charter demand from corporate customers, sports teams, and music group tours, and to strengthen its fleet portfolio at a time when business aircraft are in high demand.
ExecLiner format for a new airframe experience.
The corporate shuttle interior will feature 29 seats, with six business jet seats and a divan at the front of the cabin, and a further twenty seats configured airline style at the aft of the cabin. Gogo Avance connectivity will power passenger connectivity keeping travellers productive and entertained in flight. Further cabin comforts include storage at the fore and aft of the cabin for small suitcases and other carry-on items, as well as additional storage for small items including briefcases, purses, and laptops in the side ledges. A forward galley and aft lavatory also feature.
All flight test aircraft making strides toward maturity and delivery; second fully outfitted production test aircraft in completions.
Gulfstream announced the new industry flagship Gulfstream G700 continues to make progress through the company's rigorous flight test program. The G700 is proving strong maturity through a multitude of test points as it heads toward customer deliveries later this year.
In addition, Gulfstream announced it will introduce a second fully outfitted production test aircraft to evaluate more G700 customer interior features in the most spacious cabin in the industry and ensure unparalleled product maturity upon entry-into-service.
“The G700 is performing flawlessly through the flight test program,” said Mark Burns, president, Gulfstream. “We have flown more than 2,800 flight hours across all flight test aircraft, and the G700 is exceeding our expectations for performance and comfort. In fact, our fully outfitted production test aircraft has already set seven international city-pair records, and we are looking forward to delivering the second outfitted aircraft soon.”
Nuremberg, Germany-based MRO, FAI Technik GmbH, part of the FAI Aviation Group and subsidiary of German special mission operator, FAI rent-a-jet has completed another outstanding Bombardier Global Express refit project, following the successful completion of its award-winning Project Pearl in 2020.
The project also included 30/60/120/240-month inspections and new paint. Following 20,000 manhours of work, it is anticipated that this latest Global Express (D-AFAU) will be available for charter and lease from June 2022.
The multi-million-euro project which received its EASA STC certification in April, marks the first and only installation of an original Global XRS cabin into a classic Global Express.
The custom interior refurbishment, designed by FAI’s inhouse team features an all-new cabin with VIP seating for 12 passengers in tasteful cream leather, complemented by a stylish black and cream striped designer carpet and striking dark chocolate high gloss piano style wood surfaces with rose gold metal plating throughout.
Gulfstream G700 sets city-pair speed record on SAF for Geneva debut
The new industry flagship Gulfstream G700 set its seventh international city-pair speed record on May 20, 2022, en route to the European Business Aviation Convention & Exhibition in Geneva.
The G700 arriving at Geneva Airport for EBACE debut.
In a demonstration of Gulfstream’s industry-leading sustainability commitment, the G700 flew the record flight on sustainable aviation fuel (SAF).
The G700 linked Savannah, Georgia, to Geneva in 7 hours and 37 minutes at an average speed of Mach 0.90.
Liquidators appointed to Jota Aviation
Jota Aviation was a former award-winning charter airline specialising in non-scheduled passenger air charters and freight air transport, operating from its base at London Biggin Hill Airport to destinations throughout Europe. Prior to suspending operations on 13 April 2022, Jota Aviation provided charter flights to a number of Premier League football clubs and other professional sports clubs.
Over the course of 2020 and 2021, the business faced challenges on multiple fronts. The Company’s passenger business was significantly impacted by the onset of the COVID-19 pandemic and subsequent restrictions on travel, while the post-Brexit Trade and Cooperation Agreement between the UK and the EU had a detrimental effect on its cargo business.
Despite significant efforts by the Company to raise new investment to implement its strategic growth plans, new investment could not be secured and the directors reached the difficult conclusion that it was in the best interests of creditors to take steps to place the Company into liquidation. Following the Joint Liquidators’ appointment, all 44 members of staff have been made redundant.
Joshua Dwyer, Managing Director at Interpath and Joint Liquidator, said: “Regrettably, the combined effects of COVID-19, the impact of Brexit on the Company’s operations and the uncertain economic conditions in the UK and Europe have had a profound impact on the Company’s ability to secure new investment and ultimately, continue to operate as a going concern.
"The Company’s liquidation highlights the continuing challenges facing operators in the civil aviation sector as they navigate a route to recovery. Our priority now is to assist the Company’s employees in making redundancy claims from the Government redundancy payments service and to realise remaining assets for the benefit of creditors.”
London Oxford Airport continues its investment in infrastructure so light GA, and commercial bizav activity can grow in harmony
London Oxford Airport is stepping up its infrastructure projects to support its historic general aviation (light aircraft /pilot training) customers and its expanding commercial business aviation activity.
The latter experienced more growth in 2021 in percentage terms than other UK peer airports - up by almost 40% - with over 5,100 flights a year. Flight training activity, meanwhile, is up nearly 50% compared with pre-pandemic levels in 2019.
The airport’s new 63,000 sqft (6,000m2) 140m long Hangar No.15, opened in October 2021, is almost full. Another similar new hangar - No.16 is anticipated - and the airport is pleased to have finalised, just this month, an agreement to build a new aircraft maintenance and repair facility on the northeast corner of its site. To be built to the specification of a major OEM, which will lease it, the facility will cover 14 acres/5.5 hectares. It should be built within 24 months.
Investment has also been committed for the relocation and extension of Oxford’s northern taxiway. Involving a near £6m investment and eight months’ work, it will significantly speed up and handle aircraft movements on the ground more efficiently, especially on busy days when it’s not unusual to see 400 or more movements a day.
Signature Aviation, the world’s largest private aviation terminal operator, has announced the opening of its newly constructed private aviation facility at Birmingham Airport (BHX) in the United Kingdom.
The opening marks the full revival of Signature Birmingham following a flood affecting its previous 1930’s era terminal building.
The entirely new site represents Birmingham’s newest and best-appointed FBO facility, featuring a 222 sq. m. building replete with traveler lounge space, refreshment area, and a passenger security screening checkpoint. The terminal also includes a dedicated pilots lounge and an electric vehicle charging station.
Furthermore, Signature Birmingham will continue to offer the consistent, expert line service for which it is renowned for visiting aircraft.
Gulfstream has expanded the Gulfstream Customer Support 24/7 Technical Operations Contact Center to its Farnborough Service Center in the UK, the first such expansion in Europe.
“The Gulfstream fleet in Europe has grown by more than 30% in the past 10 years and continues to grow,” said Derek Zimmerman, president, Gulfstream Customer Support. “We are growing our Customer Support operations to
Gulfstream’s Technical Operations Contact Center expansion in Farnborough includes new dedicated mechanical systems specialists supporting the growing fleet.
Avionics and cabin communications experts are also being added to
Grand Cayman, Cayman Islands:
The Civil Aviation Authority of the Cayman Islands (CAACI) has issued an Air Operator Certificate (AOC) for fixed wing commercial operations to Tag Aviation (Cayman) SEZC, a company with its principle place of business in the Cayman Islands’ Special Economic Zone.
TAG Aviation currently operates fourteen aircraft on the Cayman Islands Aircraft Registry including a Gulfstream 650 to be operated by Tag Aviation (Cayman) under the SEZ AOC.
Receiving the Cayman AOC will further enhance TAG Aviation’s aircraft management options and charter service portfolio activities. The company also holds AOCs from San Marino, Malta and UK and currently manages a fleet of 80 business jets.
“The Cayman AOC allows us to extend the scope of TAG’s capabilities and widen our range of bespoke services to our clients by providing the flexibility of various operating solutions” said Steven Young, President of TAG Aviation.
The European Business Aviation Association (EBAA) and The International Business Aviation Council (IBAC) are highlighting the official launch of the ambitious programme called S.T.A.R.S. - Standards & Training for Aviation Responsibility and Sustainability - at EBACE this week.
S.T.A.R.S. has been initiated by young business aviation professionals from half a dozen companies in Europe who want to take a holistic approach to sustainability, going beyond emissions reductions and extending the concept to include social topics such as workplace diversity, gender equality and inclusion.
“It’s very ambitious what these young people have done,” said EBAA secretary-General Athar Husain Khan noting that sustainability in the broad sense is the biggest challenge facing Business aviation today.
The pilot S.T.A.R.S. program in Europe is now underway, and early participants have devised a three-tier program of goal-setting, progress monitoring and full implementation.
The ACA hits record membership level ahead of EBACE
The Air Charter Association (The ACA) has reached a record level of membership, with 300 companies now part of the global trade association. With an increase of almost 10% in membership since December 2021, The ACA’s membership is at an all-time high.
Over the past two years, The ACA has provided member companies with advice to navigate key industry challenges such as Brexit, the Covid-19 pandemic, sustainability and, more recently, the conflict in Ukraine.
Kevin Ducksbury, chairman, The ACA says: “It’s fantastic to see the association growing globally, with so many new members joining from different areas within the air charter industry. Our priority is maintaining the highest quality of membership, and our stringent due diligence checks completed on all new applicants mean this is being well maintained."
In September 2021, The ACA appointed Chris Adams as membership executive to further develop The ACA’s international footprint and wider representation in the cargo and airline markets.
Will Concorde fly through Tower Bridge?
Just one of the many questions that will be explored and answered, this Saturday the 28th May, on the Armchair Airshow.
Brought to you by the disabled flying charity, Aerobility, starting at 13:00 BST, the event brings together pilots, fans, display teams and heritage aircraft, in to a three-hour, free-to-view broadcast via www.ArmchairAirshow.com.
Joining the show will be two World Record holders, Zara Rutherford and Travis Ludlow who as teenagers, both independently circumnavigated the world by air. Squadron Leader, Graeme Muscat, Red Arrows Team Leader, a.k.a Red10, tells us about his role and what it is like to be in charge of such an elite group of pilots and The National Police Air Service (NPAS) will take us through never-before-seen footage as well as talking through activities other than high speed pursuit.
Mike Miller-Smith, CEO at the charity said “The Armchair Airshow is known for delivering content you can’t see elsewhere. In this tradition, our very own George ‘Smokey’ Bacon jumped in the Concorde simulator at Brooklands Museum, with the Legendary Concorde pilot Stephen Bohill-Smith, to see just how agile that magnificent aircraft was. Even I don’t know if they managed to fly through Tower Bridge, I’m looking forward to finding out.”
Beyond the Surface : Production Sustainability. By Dietmar Ulreich, Director of Health and Safety at F/LIST
Flexjet European fleet set to almost double by year end, following successful pilot hiring campaign and opening of new Tactical Control Centre
With just under six months to go before kick-off to the 2022 FIFA World Cup, DC Aviation Al-Futtaim has announced it is offering special charter flights from Dubai to fans to head to Doha and support their teams.
The round-trip flights to the biggest sporting spectacle in the world which starts on November 21, offer UAE-based fans a once-in-a-lifetime opportunity to see their favourite team in action while taking in all the excitement and range of emotions of the fans.
The special charter flights from DCAF can accommodate varying group sizes from individuals, families, groups of friends or corporates looking to entertain their VVIP clients and partners and arrive in Doha for the matches in style. Adding to the memorable experience is the 1,300 sqm of exclusive lounge area offering fans the highest levels of comfort and privacy, spacious conference room, shower areas and more.
“We understand the power of football and how it brings together people from all over the world. At DCAF we are as excited as the fans who will be travelling to Doha to support their teams,” said Holger Ostheimer, Managing Director of DC Aviation Al-Futtaim.
“As the only VVIP Lounge and Hangars facility in Dubai South, we will offer fans immediate access from limousine drop off to the aircraft which is parked directly in front of the FBO thereby providing a seamless experience like no other. From customs and immigration to security check performed within the comforts of the FBO; fans can board their flight within minutes thereby giving them more time to enjoy the moment,” he added.
Fans or corporates looking to book their charter flights can contact DCAF on firstname.lastname@example.org