These are the business aviation stories we found of interest to you today:
Good news for the industry as business aircraft flying paints a rosy picture with year-over-year improvements in an article from AIN. Let’s hope this upward trend continues.
- The Chinese government’s new frugality measures are slowing down a once booming private jet market. JetOptions was at ABACE in Shanghai last year, and everyone was very excited about the growth prospects of the private jet market in China. Now there is doom and gloom. T
- The third snippet is from Forbes, and it concerns the FAA-mandated avionics changes that are coming in 2020 and how they affect business aircraft. Lastly, since we are in winter, here is a story about private jets and warm tropical islands. This report concerns private jets and their impact on the Caribbean islands and, more specifically, on Turks and Caicos.
Remember that if you plan to go to the Caribbean via private jet, you can charter through JetOptions. As always, if you have any suggestions or anything you would like to see on our blog, let us know so we can cover it -Ed.
Business aircraft flying in the U.S. climbed for the 13th consecutive month in December, according to TraqPak data released today by aviation services company Argus. Last month, traffic rose 1.6 percent year-over-year, and Argus projects that flying this month will increase by 1.8 percent over last January.
The Part 91 private and Part 135 charter operating segments saw year-over-year improvements of 1.6 percent and 3.3 percent, respectively, last month. Fractional flying fell 2.7 percent from a year ago, attributable to drops in midsize and large-cabin aviation in this category.
Continue reading about the steady rise of business aircraft flying on AINOnline.com>>
Growth of the Chinese private jet market slows after frugality campaign
China’s private jet market might have its wings clipped due to the tightening anti-graft campaign led by the central government. As the anti-graft campaign deepens, super-rich Chinese people’s enthusiasm for owning their airplanes has dampened. China’s private aircraft market saw significant growth from 2008 to 2012 due to the growing numbers of highly wealthy people. However, the market experienced its slowest growth last year since 2011. Insiders have speculated that one-third of the new orders made for jets by customers from the Chinese mainland might be canceled this year.
“China’s private aircraft market saw significant growth from 2008 to 2012, but in the past two years, the sales of private jets in China have dropped”.
Navigating The Future: NextGen
It seems like just yesterday that 2020 seemed like a far-off year. But for the business aviation community, this deadline is only five years away. The Federal Aviation Administration (FAA) requires all civil aircraft, including business jets, to be equipped with avionics known as Automatic Dependent Surveillance-Broadcast Out (ADS-B Out) to fly in U.S. airspace by January 2020 and European airspace by June 2020. This technology is also necessary for operating aircraft in certain airspace areas above Australia, Canada, Hong Kong, Singapore, Taiwan, and Vietnam.
Continue Reading On https://www.forbes.com »
Tags: caribbean private jet charter, private jet charter, private jets, business aircraft activity, business aviation, business aircraft, China business aviation, charter private jet, https://www.forbes.com
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