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.
Private jets take flight
The Middle East Business Aviation Association (MEBAA) and show organisers F&E Aerospace have again proved the resilience of the Middle East's business aviation industry with their corporate jet extravaganza in Dubai.
Private jet market eyes Middle East for growth
Top industry executives said that the Middle East would be a key focus as business aviation makes a comeback after a rocky two years of economic downturn. “From a dollars point of view, our focus really is about the Middle East,” Stephen Taylor, president of Boeing’s business jet operation, told Arabian Business.
New Honda Business Jet Makes First Flight
Honda Motor Co. says the first FAA-conforming version of the small business jet it has been working on for years made its first flight. The plane, called the HondaJet, flew from the company’s Honda Aircraft Co. operation at Piedmont Triad International Airport in Greensboro, N.C.
New business jet - Embraer Legacy 650
Looking ahead to an economic recovery, and to fulfilling its stated intention to become a major player in the business aviation industry, Embraer provided one of the surprises at the NBAA Convention last month by introducing a new business jet – the large-cabin Legacy 650.
Bombardier Logs Orders for Seven Business Jets
Bombardier Aerospace today announced that it received firm orders for five midsize Learjet 85 and two large cabin Challenger 605 jets, from multiple companies of the same group, for principal operation in Germany by Munich-based Jet Air Flug. The total value of the order is approximately $155 million US, based on the 2010 list price for typically equipped aircraft.