Why the Snowpocalypse Is Paradise for Private Jets
The blizzard that dumped 12 to 32 inches of snow on the East Coast in late December wreaked havoc on commercial air travel and left thousands of business and pleasure flyers stranded. But for those wealthy enough to afford it, there was an avenue of escape: private jets.
Private jet skids off the runway
A private jet skidded off the runway while it was landing at the Waukegan Regional Airport last Wednesday. As of press time, there were no reported injuries from the accident and the plane only suffered minor damage.
Middle East Business Aviation Show
The fourth annual Middle East Business Aviation (MEBA) Show has been hailed a success by organiser F&E Aerospace, with a record number of visitors and exhibitors from around the world. In total, around 6200 people attended the biennial event – an increase of 13% compared to the previous show in 2008 – while exhibitor numbers also peaked at 339 companies, including business aircraft manufacturers, service providers and suppliers to the industry.
Embraer's First Legacy 650
Last week, Empresa Brasileira de Aeronautica S.A., or Embraer (ERJ - Analyst Report), the largest Brazilian aircraft manufacturer, delivered the first Legacy 650 large executive jet in Brazil. Recently, Embraer signed an agreement with Deutsche Lufthansa AG for eight new EMBRAER 195 jets for a total value of $338 million and delivered the first ultra large Lineage 1000 executive jet to VIP charter company Falcon Aviation Services of Abu Dhabi, UAE.
Business Aviation Picking Up In Boston
The business aviation sector got some positive press from the mainstream media this week when The Boston Globe reported that corporate jet activity was up by 7 percent in 2010 at Hanscom Field, a small GA airport close to the city. Bill Herp, president of Linear Air, said his business doubled in 2010 compared to the year before. Herp charters four Eclipse jets out of the field, charging about $1,500 an hour. Rectrix Aviation, another local charter company, said business was up 15 percent, and they hired three pilots and added a jet to their fleet in September. The number of jets based at Hanscom has increased by a third in the last three years, and the Massachusetts Port Authority, which operates the field, is planning to expand.
Airbus, Boeing kick off 2011 with more aircraft sales
Airbus and Boeing rang in the New Year with aircraft orders from easyJet and CIT Aerospace, respectively. EasyJet confirmed it reached an agreement with Airbus to exercise options covering 15 A320 aircraft valued at $1.1 billion at list prices for delivery between 2012 and 2014 and to convert an existing order for 20 A319s into the larger A320 model.