Reading Time: 2 minutes Owning a private jet has long been a symbol of wealth and success, but the market seems to be showing a rather drastic shift. According to JETNET, year over year, manufacturing companies are seeing decreases in the number of aircraft being purchased and newer models of aircraft especially are also seeing a significant drop in […]
Reading Time: 3 minutes Fixed-Base Operators are currently seen as the most valuable segment of general aviation services. Keeping in mind a rapid growth of this segment in general, Aviation Voice has talked to Adel Mardini, CEO of Jetex. Jetex is a global leader in executive aviation which operates elegant FBOs and efficient ground support stations in more than 30 […]
Reading Time: < 1 minute Chinese automotive and aviation company Wanfeng has bought the majority of shares in Austria’s Diamond Aircraft, the fourth largest general aviation manufacturer in the world. News of the takeover broke just as employees of the Wiener Neustadt factory were breaking up for their Christmas holidays. Diamond also had a subsidiary business in London, Ontario, Canada, […]
Reading Time: < 1 minute Yakutia’s Association of Local Aviation suggests using the US Cessna planes for serving the regional routes. According to the association’s co-chair and Yakutia’s lawmaker Viktor Fedorov, by using those planes the republic could cut the fares by half. “The association is asking the local authorities to have a competition among private organizations for subsidies to […]
Reading Time: < 1 minute Honeywell reported a strong start to 2017, with over 2% organic sales growth, 70 basis points of segment margin expansion, and free cash flow of nearly US$800m that was more than six times greater than 2016. The strong operational performance resulted in reported earnings per share of US$1.71. Normalizing for tax, earnings per share was […]
Reading Time: 2 minutes EASA has published a proposal opened for comments for ‘Easier access for general aviation pilots to instrument flight rules flying’ (NPA 2016-14). The objective of this so-called Notice of Proposed Amendment (NPA) is to provide a more accessible instrument rating for pilots holding non-commercial licences in general aviation. The NPA therefore proposes the introduction of […]
Reading Time: < 1 minute The National Aircraft Resale Association (NARA) continues to set the aircraft sales pace by representing 50% of the pre-owned business jet transaction market worth $9.5 Billion in 2015 (per JETNET). NARA Broker and Dealer members represent just 5% of the more than 1000 aircraft brokers worldwide, but have continued to thrive with honesty, transparency and […]
Reading Time: < 1 minute EASA published draft revised European operational rules for balloons. This activity was conducted in the context of the EASA General Aviation Road Map which represents a change towards more proportionate and simpler rules for General Aviation. At present, the operational rules for balloons are integrated into Regulation 965/2012 which concerns air operations for all aircraft, […]