Gulfstream G500, Europe Bizav Still Sluggish, Aircraft Acquisition Planning, Embraer 3Q Aircraft Deilveries
Posted on May 12th, 2019
Gulfstream G500 Surpasses 100 Flight Hours
Ground Testing and Avionics Checks Have Begun On The Second And Third Test Series.
Gulfstream Aerospace Corp. announced that the Gulfstream G500 had achieved several flight-test milestones, including surpassing more than 100 flying hours. The accomplishments come just 12 months after Gulfstream announced the all-new Gulfstream G550 and Gulfstream G600 aircraft programs in an Oct. 14, 2014, ceremony at its Savannah headquarters.
As of Oct. 13, 2015, the G500 flight-test aircraft had completed more than 45 missions. The longest was 5 hours and 22 minutes for a total aircraft flight time of more than 100 hours. In the five months since the aircraft’s first flight, it has reached an altitude of 38,500 feet/11,735 meters and a maximum airspeed of Mach 0.80.
“It’s exhilarating to see how well this aircraft is performing and testing” at Gulfstream. “This plane has been flying exactly as expected, which showcases our commitment to quality and attention to detail. It also reflects the investments we have made in our labs to support the flight-test program. Recently, the team completed three missions in one day, with hot refueling between flights, totaling nearly seven hours of flight time. Our test pilots have reported that the aircraft’s handling qualities are exceptional.”
Continue reading about the G500 on gulfstreamnews.com>>
Aircraft Acquisition Planning and Financing
One of the main attractions of business aviation is its flexibility in scheduling flights to meet your company’s needs. This can be achieved through charter services, fractional ownership, aircraft leasing, or outright purchase of a business aircraft.
If outright ownership isn’t suitable for your company’s requirements, charter services, fractional ownership, and, to a lesser extent, aircraft leasing provides scalable options. These alternatives allow you to enjoy the benefits of business aircraft use, even if you only fly around 50 hours a year.
Each type of business aviation has its own advantages, depending on the user’s specific needs and average flying hours. Below is a brief overview of some popular options.
CHARTER AND FRACTIONAL
Air charter is often the easiest way to start using a business aircraft. It is typically best suited for those who fly around 50 hours or less per year. The costs associated with ownership are based entirely on usage, eliminating any upfront capital costs or maintenance fees. You only pay for travel time, which makes chartering ideal for occasional flyers. Users can book trips round-trip, one-way private flights, or from one destination to another.
The main drawbacks of chartering are that access to aircraft and availability can be limited during high-demand periods, such as holidays and the tax benefits of owning an aircraft are not applicable.
Once you reach the 100-hour-per-year flying threshold, fractional ownership can become a more appealing option. In this case, you purchase a “share” of an aircraft, which often results in better availability and certain tax benefits. However, the initial costs are higher due to the capital expense involved in buying an ownership share of a business aircraft. Additionally, there is a monthly fee for administrative and maintenance costs, as well as a per-hour usage fee. Fractional shares are typically sold for a fixed period, usually three to five years, after which ownership shares can be sold back to the provider at their current market value, depending on the terms of the contract.
Continue reading about aircraft acquisition planning on NBAA.org>>
Embraer Delivers 21 Commercial and 30 Executive Jets in 3Q15.
In the third quarter of 2015, Embraer (NYSE: ERJ; BM&FBOVESPA: EMBR3) made significant strides in the aviation market by delivering a total of 51 jets. This impressive figure includes 21 aircraft specifically designed for commercial aviation and 30 tailored for the business aviation sector. Remarkably, this delivery total represents a 50% increase compared to the same period last year, when the company delivered only 34 jets—19 in the commercial category and 15 in the executive segment.
Among these deliveries in 3Q15, one noteworthy highlight was the delivery of the first Legacy 500 midsize jet to a customer in Mexico. This marked a significant milestone for the region and demonstrated Embraer’s ongoing commitment to expanding its footprint in the global aviation market.
Continue reading about Embraer’s deliveries for the third quarter on embraerexecutivejets.com>>
Tags: private jet charter, business aviation, embraer, G500, charter private jet, business jet charter, gulfstream
