Buisness aviation news

EU Commissioner for Transport Vălean clarified that the European Commission has no intention to further tax Business aviation beyond the measures outlined in the EU Energy Taxation Directive and the EU ETS.

Globally, bizjet flights were up 1% last week, slightly ahead of the flat last 4-week trend, a considerable improvement on the relatively weak demand in January. The US market is holding up, Europe is dipping compared to last year, the Middle East also, whereas bizjet demand in South America and Asia is well up on last year.

Saudia Technic is proud to announce its newly signed service center agreement with Airbus Helicopters, marking a significant milestone as the first Airbus-authorized helicopter service center in the Kingdom of Saudi Arabia. This strategic partnership was officially unveiled at a signing ceremony held on the sidelines of the MRO Middle East 2024 in Dubai, emphasizing Saudia Technic’s expanding capabilities and dedication to supporting the growth of the Kingdom’s aviation ecosystem.

Sikorsky, a Lockheed Martin company (NYSE: LMT), unveiled its plan to build, test and fly a hybrid-electric vertical takeoff and landing demonstrator (HEX/VTOL) with a tilt-wing configuration.

Global Jet has bolstered its charter fleet with the acquisition of an additional Bombardier Global 7500 aircraft. Featuring a spacious interior divided into four meticulously crafted cabin zones, the Bombardier Global 7500 ensures utmost comfort for up to 13 passengers.

Global bizjet trends are flat over the last 4 weeks, recovering from the dip at the start of the year. The most recent week showed a 3% increase in the US, with Part 135 activity out of Florida up 11%, but Canada continues to see steep declines. Europe is flat, extending a 3% decline over the last month.

Bell has signed an Agreement with Abu Dhabi Aviation to establish its role as an authorized Bell Customer Service Facility (CSF) and provide service for Bell 212, Bell 412 and the SUBARU Bell 412EPX commercial aircraft. This new agreement further demonstrates both organizations’ dedication to providing exceptional customer support and showcasing Bell’s aircraft to customers in the Middle East region.

Lilium N.V. developer of the first all-electric vertical take-off and landing (eVTOL) jet, announced that it has started installation of state-of-the-art assembly equipment for the serial production of the Lilium Jet’s propulsion units.

Embraer today announced its Phenom 300 series has maintained its status as “the world’s best-selling light jet for 12 consecutive years”, while also attaining “the best-selling twinjet for the fourth year running”, according to data released by the General Aviation Manufacturers Association (GAMA). To achieve this distinction, the company delivered 63 Phenom 300 series aircraft throughout 2023.

Holiday bizjet traffic during Presidents´ Day shows demand is still quite robust in the US, only 2% below last year´s high point. Bizjet traffic in Europe is slumping, down 10% in week 7, deteriorating on the 5% decline in the last 4 weeks. Demand in Germany is wilting, but still high levels of traffic in Spain. Bizjet activity in the Middle East is down. Australia is still a growth market.

Lilium, developer of the first all-electric vertical take-off and landing (eVTOL) jet, and PhilJets, a leading aviation provider of global services in the ASEAN region, announced the signing of a Memorandum of Understanding at the Singapore Airshow.

The General Aviation Manufacturers Association (GAMA) released the 2023 General Aviation Aircraft Shipments and Billings Report during its annual State of the Industry Press Conference. Overall, when compared to 2022, all aircraft segments saw increases in shipments and preliminary aircraft deliveries were valued at $27.8 billion, an increase of 3.6%.

TAG Macau FBO proudly announces its successful completion of the IS-BAH Stage 3 Audit, solidifying its position as a leader in the business aviation ground handling industry. This accreditation makes TAG Macau FBO one of the youngest FBO globally to attain this prestigious recognition.

Comlux, a global leader in business aviation, proudly announces successful completion of the second ACJ TwoTwenty cabin by its state-of-the-art completion center in Indianapolis. This achievement marks yet another milestone in Comlux’s cabin outfitting activities, highlighting company's expertise in creating highly personalized VIP cabin interiors and converting customers’ flying needs into reality.

Gulfstream Aerospace Corp. announced the all-new Gulfstream G700 surpassed 50 city-pair speed records en route to the Singapore Airshow.

Satcom Direct, the business aviation solutions provider, is celebrating type approval of the SD Plane Simple Ka-band terminal for Viasat’s Jet ConneX inflight broadband service. The approval follows months of meticulous testing and optimization by both companies.

Business jet activity was stronger this week than last, picked up 4%, with particularly big increase in the UK, flights up 26%; this may indicate the peak ski season around school break. Business jet activity in South America is hitting peak levels. In Turkey, activity is a lot lower than the high demand last year, during the earthquake. The Middle East is seeing substantially lower demand year on year. The overall market is only modestly behind 2023, due to the stability in the US market, where Texas and Florida still have strong demand.