On top of the economic slowdown, the bashing of private jets by the media and the government was “like putting a stake in the heart of general aviation,” according to Jim Retzlaff of West Bend Municipal Airport. This feeling of contempt for business jets could possibly keep a new supersonic jet from being developed.
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Posted: June 26th, 2009 under Profitability.
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Things have been going to hell lately in the business aviation world as well as the world in general, but things continue to look bleak in the future. The possible recovery in the latter part of this year does not seem as likely and it is announced that 2010 will be tough.
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Posted: June 22nd, 2009 under Industry Trends, Profitability.
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Many forecasts and predictions have been made in the past few months, most recently by Bombardier, Honeywell and Boeing.
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Posted: June 16th, 2009 under Business Models, Profitability.
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Concern for the environment has been escalating over the years, and this is mirrored in the current general aviation industry with the appearance of companies like Greenjets.
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Posted: June 11th, 2009 under Business Models.
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According to a recent report by the Teal Group, general aviation growth and profits are predicted to stabilize in 2010, while aircraft deliveries are predicted not to recover until 2012.
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Posted: May 31st, 2009 under Business Models, Charter Brokers, Industry Trends, Profitability.
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Luxury shame is slowly dissipating, the utility of private jets is becoming more apparent, and those who can afford it are still trying to avoid commercial travel. The industry is gaining sympathy since it creates over one million jobs in the United States. Read more »
Posted: May 22nd, 2009 under Owner News, Profitability.
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The downturn in business in the private aviation industry has been painful, but as a slow recovery occurs, private aviation enthusiasts are finding a sense of community.
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Posted: May 15th, 2009 under Industry Trends, Profitability.
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As Gulfstream, Cessna and Embraer release earnings reports for this quarter, the General Aviation Manufacturers Association (GAMA) also released a business jet delivery report. Meanwhile, mayors of U.S. cities have sent a letter to President Obama urging him to support the general aviation industry.
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Posted: May 8th, 2009 under Industry Trends, Profitability.
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The FAA predicts long-term growth in the general aviation industry. According to the administration, U.S. airlines will be boarding one billion passengers per year by the year 2021. The growth will be aided by the future implementation of the FAA’s Next Generation Air Transportation System (NextGen) plan. The forecast predicts a decline in U.S. air operations of 5.7% with respect to 2008, followed by a yearly increase of 1.5% until 2025.
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Posted: May 4th, 2009 under Business Models, Industry Trends, Owner News, Profitability.
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As luxury products are becoming more acceptable, certain private air charter providers are growing and a few have reported increased earnings for this quarter, further proof that the market is slowly stabilizing and that the private jet is slowly being seen more as a valuable business tool than a symbol of excess.
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Posted: April 24th, 2009 under Industry Trends, Jet Fuel / Jet-A, Owner News, Profitability.
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