Responding to the brave new world of recession-shaped business aviation, CitationShares this morning in New York City unveiled a rebranding that sees the company change its name to CitationAir by Cessna and promote the scope of its offerings beyond the fractional operation it has been since its founding in 2000 as a joint venture [...]
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According to a monthly business jet report issued by JPMorgan this week, the pre-owned market recovery continues though new jet demand is expected to lag. JPMorgan said used inventories fell 50 basis points last month, to 13.6 percent of the in-service fleet, the “second consecutive meaningful decline and further evidence that we are past [...] While flight hours are down an estimated 20 to 30 percent from last year, business aviation accidents declined by nearly 50 percent during the first three quarters versus last year, according to statistics released yesterday by industry safety analyst Robert E. Breiling Associates of Boca Raton, Fla. In the first nine months, U.S. business [...] The European Business Aviation Association (EBAA) is developing an emergency response planning manual for business aircraft owners and operators. The publication is due to be released in December and will be available to EBAA members and any operators based in Europe to help them establish their own emergency response plan (ERP). The manual will cover [...] Eclipse Aerospace, the new owner of the assets of Eclipse Aviation, has wasted no time consolidating facilities, organizing inventory and modifying Eclipse E-500 very light jets with flight-into-known-icing (FIKI) systems and avionics upgrades. On September 30, the FAA and EASA formally reinstated the E-500’s U.S. and European type certificates to Eclipse Aerospace. Suppliers of E-500 [...] |
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