Posted on May 8th, 2019
During a meeting today with AJPAE, the French association of aerospace journalists, Dassault Aviation CEO Eric Trappier said he is “still waiting for a new calendar from Snecma,” regarding delays with the Falcon 5X‘s engines.“Snecma is facing some difficulties with the Silvercrest engine, which will delay the 5X’s certification even if the configuration doesn’t change, he told reporters.
When the 5X rolled out in June its first flight was pegged for September, but the new twinjet has yet to fly. Trappier declined to announce a new date for the maiden flight “until we have a new calendar from Snecma.” Asked about possible financial penalties, Trappier said, “There’s a contract and this contract will be applied.”The engine delay has also prompted Dassault to slow 5X production.
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A 10-year business jet market outlook released by pre-owned aircraft broker Jetcraft reflects a marked recalibration of growth expectations once inflated by what has proved to be the industry’s unfounded belief that emerging markets would trigger a golden age of growth. According to Jetcraft’s analysts, 8,755 new aircraft worth $271.1 billion will be delivered between 2015 and 2024.
Annual delivery totals are set to rise at a compound annual growth rate (CAGR) of 7.5 percent to a peak of 1,127 in 2021 from 735 aircraft this year. It then predicts a moderate downturn between 2022 and 2024.
In terms of units and revenue, ultra-long-range jets are expected to command the lion’s share, while super-light jets are seen as the least significant in deliveries and very light lets generating the least in revenues.
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On the 14th October over 380 executives from the air charter industry gathered at London’s Guildhall for the Baltic Air Charter Association’s (BACA) annual awards ceremony. Seen by many as the ultimate accolade for companies in the air charter industry, the winners of the BACA Excellence Awards are chosen by the membership of BACA, via a vote from a shortlist of finalists, also decided by the members.
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TAG Farnborough Airport has been awarded ‘Best Handling Agent/FBO’ at the Baltic Air Charter Association (BACA) Autumn Lunch & Excellence Awards, held at London’s Guildhall on 14 October 2015. It is the second year in a row that TAG Farnborough Airport has topped the ‘Best Handling Agent/FBO’ category.
BACA is a worldwide organization for air charter professionals, representing the interests of 200 member companies, including brokers, charter airlines, airports, business aircraft operators and consultants. The winners of BACA’s Annual Awards are chosen by its membership.
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[…] new report released by aircraft acquisition services/brokerage company Jetcraft foresees a $271.1 billion 10-year outlook for 8,775 business jets through 2024. The forecast also […]