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Global 7000 and 8000 Program Under Review, Embraer BizJet Deliveries Up, Business Jet Market Uptick

Sunday, May 12th, 2019

Bombardier Global 7000/8000 Program Under Review

It’s customary for new leadership teams to conduct broad product-portfolio reviews, and while they rarely result in wholesale changes to major programs, they sometimes lead to surprising outcomes that observers may not have anticipated.

Bombardier Global 8000 long range business jet

In the case of Bombardier Inc., where the board of directors in recent months installed a new president and CEO and also approved the appointment of a new president of the Business Aircraft unit, at least one defining program is under review: the Global 7000/8000, two ultra-long-range, large-cabin jets designed to compete against the likes of the Gulfstream Aerospace’s G650 and G650ER.

Bombardier Global

For the time being, work obviously is well advanced and proceeding. The first Global 7000 flight test vehicle is taking shape in final assembly, with major structural parts joined—including the rear, center and forward fuselages, main landing gear and the wing, according to a Bombardier official.

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Embraer Business Jet Business Picks Up in Second Quarter

Embraer has seen a pickup in business jet deliveries in the second quarter of 2015 and has recorded a record backlog of more than $22.9 billion. During second quarter, the company delivered 27 jets to the commercial aviation market and 33 jets to the business aviation market, for a total of 60 aircraft, compared to 58 aircraft delivered the same period last year. The company announced $2.6 billion in firm orders at the Paris Air Show…

Embraer business jets

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Nextant hands over first 400XTi to PlaneSense

Nextant Aerospace has delivered the first 400XTi to US fractional ownership company PlaneSense, bringing total deliveries of its remanufactured and re-engined Beechjet/Hawker 400A/XP business jet – introduced in 2011 – to nearly 60.

Nextant 400XTi

PlaneSense will incorporate the light twin in to its fleet before the end of the month. This is the first aircraft from an order for up to five 400XTis, placed by the Portsmouth, New Hampshire-based company in March. The second unit is scheduled for delivery later this year.

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Business Jet Market to See Steady Uptick

A new report from Research and Markets finds the global business jet market to be worth an estimated $21.5 billion as of 2014 and is projected to grow at 2.8 percent Compound Annual Growth Rate (CAGR) through 2033. The demand for business jets continues to recover steadily since the 2008 economic downturn with aircraft delivery numbers in 2014 registering a 6.5 percent year-on-year growth rate.

The growth is driven by economic recovery, a surge in demand for heavy jets and introduction of a number of new aircraft programs by the industry Original Equipment Manufacturers (OEMs) incorporating cutting edge technologies and innovations translating into enhanced performance capabilities, safety features and optimized operating economics.

The delivery numbers continue to be dominated by Bombardier in volume terms and led by Gulfstream in value terms respectively with the duo collectively holding over 70 percent market share based on revenues in 2014 with continued, robust demand growth in the heavy and medium jets segments.

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How The One Percent Travel in Private Jets, Second Aircraft Joins Falcon 8X Test Fleet, Embraer Delivers 100th Phenom, China, Private Jets and Business Jet Market

Tuesday, April 7th, 2015

How do the 1% travel in private jets? Below you will see the findings from NetJets 2013 annual report. Dassault has added a second Falcon 8X to its test fleet. A Textron executive says that the China joint venture with Cessna was a good decision. Embraer delivers the 100th jet of the Phenom family, and a look at how private jets and the business jet market are doing in China.

How the one percent travel: American men take the most flights aboard private jets while Moscow to Nice is the busiest route

More than 8 in 10 passengers are men with most aged 40 to 55

America dominates private flight market with 60 percent of flights

Europe has second largest share with Russia enjoying large share

Businessman opting for convenient transport to close big deals

It’s a privilege reserved for a lucky few but now experts have revealed exactly who is getting on board when it comes to private jets.

The spotlight has been shone on the industry’s latest marketing statistics – identifying Americans as the most frequent flyers while the busiest route is between Moscow and Nice.

Ten most popular private jets routes according to NetJets

Billionaire entrepreneurs, chief executives, and A-list celebrities are amongst the exclusive clientele, found to be 80 per cent men.

Aviation provider NetJets – which has the largest private jet fleet in the world – announced the findings of the annual report for 2013.

Users of the luxury crafts, which often boast private bedrooms, fine-dining facilities, and the odd cinema, are typically private entrepreneurs, aged between 40 and 55.

The aircraft provider said the United States remains the world’s leading private jet market with 60 per cent of global traffic starting and ending there.

Popular routes include Moscow to Côte d’Azur, Miami to New York, New York to Los Angeles, New York to West Palm Beach and London to New York in the most recent data.

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Second Aircraft Joins Falcon 8X Test Fleet

Second Falcon 8X Joins Flight Test Campaign

Second Falcon 8X joins Dassault test fleet

The second aircraft has joined the Falcon 8X flight test campaign as the ultra long range trijet continues to pass key development milestones.

Falcon 8X s/n 02 took to the skies from Dassault Aviation’s Bordeaux-Mérignac facility on Monday, March 30 at 3:24 PM local time with test pilots Hervé Laverne and Etienne Faurdessus at the controls. The flight plan was similar to that of the maiden flight on February 6.

After initial checks on the digital flight controls and engine system, the pilots took the aircraft to 43,000 feet and Mach 0.8 for performance tests. After the test routine, the aircraft ran a series of additional checks before touching down after 2 hours and 45 minutes in the air.

Dassault adds another Falcon 8X to test fleet

“We are very pleased with the way the aircraft responded and flew,” said Laverne. “It demonstrated the same flawless handling qualities as s/n 01, a very positive development at this early stage of the flight test campaign.”

The aircraft will now join s/n 01 at the Dassault flight test center at Istres, near Marseille, where it will mostly serve for performance testing.

The full program will total about 200 flights and 500 flight hours through final EASA and FAA certification which is anticipated in mid-2016.

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Textron Aviation Exec: Joint Ventures In China A ‘Good Decision’

Three years after forming joint ventures for two aircraft in China, Textron Aviation officials say they are pleased with the progress as they work to expand capabilities.

In late 2012, Cessna Aircraft, now a division of Textron Aviation, forged separate joint aircraft completion ventures with China Aviation Industry General Aircraft Co. (Caiga). One was for Cessna Caravan turboprops in Shijiazhuang. The other, in Zhuhai, was for Citation XLS+ business jets.

Cessna Citation XLS

“We feel like we’ve made a good decision,” says Bill Schultz, Textron Aviation senior vice president for business development in China. “The partnerships gave us opportunities that wouldn’t have been there if we had done this alone.”

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Embraer Delivers 100th Phenom Jet to NetJets

Embraer Executive Jets said it has delivered the 100th Phenom family jet produced in Melbourne, FL, just over three years after the first aircraft rolled off this facility´s assembly line.

The commemorative aircraft, a NetJets Signature Series Phenom 300, was delivered to Berkshire Hathaway company NetJets Inc. and will be part of the company´s European fleet.

Embraer Phenom 300 Signature Series

NetJets and Embraer signed an original purchase agreement for 50 Phenom 300 firm orders and 75 options, in October 2010. The total value of the deal may exceed USD1 billion, if all options are exercised. In December 2014, an agreement to convert 10 Signature Series Phenom 300 purchase options into firm orders was signed by both parties. Embraer has now delivered 40 Signature Series Phenom 300 to NetJets. These aircraft operate in the NetJets fleet, with fractional owners in the US and Europe.

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Politics To Determine China Business Jet Sales Revival

Compared with most of the aerospace and aviation industry, business aviation is not very political. While other sub-sectors struggle with political influence even when a government is not the buyer, business jet makers mostly sell their products in deals too small to attract attention, a bit like the car industry. And their customers’ use of the aircraft is, for the most part, a purely private matter.

Well, that is not true in China just now, where politics are front and center for business aviation. Probably the biggest question here for manufacturers is how long Beijing will maintain an anti-corruption drive that has frightened rich Chinese away from private jets flying. When showing off a jet is no longer asking to be investigated, the theory goes, the buyers will come back.

The campaign is also hitting industry through the Chinese economy, geared as it is to corrupt ways of doing things. That is undermining the confidence of potential buyers who are not fearful of investigation. But economics should have been a quite secondary factor in last year’s decline in Chinese demand for business aircraft. Gross domestic product is, after all, still expanding at about 7% a year, so there should be a good deal more money available for buying private jets, not less.

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Business Jet Market Shows Faint Signs Of Recovery In China

There are plenty of billionaires in China, but increasingly their business aircraft are not. Last year’s trend to register private jets away from mainland China is continuing this year, say industry officials, reinforced by the growing habit of not seeking a local domicile for new aircraft.

These measures are probably helping the faint improvement in demand that some people in the industry are reporting for recent months. Still the companies that make business aircraft are dealing with a market that once presented an astounding opportunity but last year ran into the brick wall of China’s anti-corruption crackdown.

Airbus figures for the number of billionaires in the growth markets of China, Russia and the Middle East illustrate well just how big that opportunity should be. By 2017, China should have almost as many billionaires as the U.S., Airbus says, relying on studies by Ledbury Research. At the same time, China has about 2% of the business aircraft that are registered in the U.S.  Importantly, the number of China’s billionaires has been multiplying much faster than for the Middle East and Russia. And the 2017 forecast number for China of 1,040 is 4-5 times higher than for the other two regions (see graph).

Number of billionaires

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Business Jet Deliveries Boosted by Growing North America Demand + MORE Jul 15th

Tuesday, July 15th, 2014
The business jet market in North America continues to recover, while in Western Europe it is “off the bottom,” UBS Global Research aerospace analysts noted yesterday. “Bizjet deliveries into North America have grown modestly in each of the last several years and we anticipate further improvement in [this region] driven by pent-up corporate replacement demand,” they said.
First-quarter deliveries of business jets, excluding very light jets, climbed by 23 percent year-over-year.

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Gulfstream Aerospace Implements SMS in Its Sales and Marketing Department

Gulfstream expanded its safety management system (SMS) to include the sales and marketing department, making the company one of the first business jet manufacturers to implement an SMS for a non-manufacturing or service organization. “Having a standard and consistent approach to managing risks helps us enhance what we’re already doing: delivering and servicing the safest possible aircraft for our customers,” said Gulfstream senior vice president of worldwide sales and marketing Scott Neal.

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J.P.Morgan: Business Jet Deliveries To Rise 10% in 2014

Wednesday, January 15th, 2014

Last year “should mark a bottom” for the business jet market, but the path of recovery is “unclear,” according to J.P.Morgan’s latest business jet monthly report. “We estimate that there were about 650 business jet deliveries last year, which would represent a 43-percent decline over five years. Deliveries in 2014 should be up–we estimate by about 10 percent–with help from new and upgraded platforms,” it noted.

“Nonetheless, demand remains weak, and our confidence in a recovery is based on leading indicators such as falling used inventory, especially among young jets, accelerating flight ops growth and faster GDP growth, including in the U.S., which is by far the largest business jet market,” J.P.Morgan aerospace analysts noted. “More concrete signals such as orders have yet to emerge, except from Bombardier fleet customers, and we still do not expect much optimism on this front when OEMs report fourth-quarter results in the coming weeks.”

Read the full story on AINOnline

More concrete signals such as orders have yet to emerge, except from Bombardier fleet customers

J.P.Morgan Reports Business Jet Market Still Sluggish in Q2 2013

Saturday, July 13th, 2013

Second-quarter 2013 earnings are likely to bring few signs of recovery for the business jet market, according to the July Business Jet Monthly report from analyst J.P.Morgan, which highlighted several manufacturers.

The report predicts that demand for smaller Cessna Citations will remain depressed but “we will look for more color on the Sovereign and XLS, key midsize offerings.”

While Gulfstream has expressed satisfaction in the near-term outlook for G450 and G550 sales, J.P.Morgan notes that China has accounted for 20- to 25 percent of deliveries in each of the past two years and a slowing business jet market there is “a source of risk.”

The analysts further expect Bombardier will “once again stand out from a book-to-build standpoint, thanks to the 30 Challenger 350s VistaJet ordered.” However, they add, “we will see a hole to fill for Challenger deliveries this year.” Also, Bombardier’s overall 2013 delivery target depends on a large number of Learjet 70s and Learjet 75s in the fourth quarter when the two aircraft are scheduled to enter service.

In other industry observations, the report points out that used inventories declined 10 basis points in June, the average asking price declined 3.2 percent in June, and the increase in flight operations was modest.

A story by Kirby J. Harrison found on AIN Online

Analysts expect Bombardier will once again stand out from a book-to-build standpoint thanks to the 30 Challenger 350s VistaJet ordered


JPMorgan: Business Jet Market Outlook Good in 2012, but Low End to Lag

Friday, March 16th, 2012

“We expect a bounce in 2012, though we believe the [business jet] recovery will start slowly and we forecast delivery growth of 8 percent,” JPMorgan Equity Research said in its latest monthly business jet market report, released today. However, evidence of a recovery on the low end is still “not compelling,” it noted. Meanwhile, U.S. flight operations growth has stalled, JPMorgan analysts said, posting only a 1.3-percent year-over-year rise in January. Though “rising international demand makes U.S. data less important than it once was,” JPMorgan said, “the U.S. should be a key component of a broader recovery.” Further, pre-owned jet inventories have fallen from the peak and continue to improve in some aspects but are still not at particularly low levels, it said, and used prices declined 2 percent last month and are down 32 percent from the peak. The JPMorgan report also noted Hawker Beechcraft’s “precarious financial situation,” adding that “the recent appointment of turnaround specialist Steve Miller as CEO has raised questions about a Chapter 11 filing or sale.” JPMorgan said the Wichita-based company has some “attractive assets,” including the King Air line. While there are “strong incentives” for Miller to avoid the bankruptcy route, this might be inevitable since “the balance sheet appears to us to be too much of a burden,” JPMorgan concluded.

Business Jet Market ‘Perking Up,’ Says JPMorgan

Friday, August 19th, 2011

Demand for new-production business jets “showed signs of perking up” in the second quarter, JPMorgan North American Equity Research notes in its latest monthly business jet market update. However, it is perturbed about macroeconomic concerns. “Updates from the business jet OEMs were generally encouraging, though mixed signals persist,” said JPMorgan aerospace analyst Joseph Nadol III. The firm notes that the gap between the “healthier high end and the still sluggish lower end remained in place, with the strongest numbers coming from Gulfstream.” JPMorgan believes the sustainability of the business jet market recovery will depend in large part on macro developments, which have shown much volatility over the past few weeks. “If another recession begins, the good news for bizjets is that a recovery never took hold in earnest, so the main risk is that it is simply pushed out further,” said JPMorgan. Since second-quarter deliveries reported by GAMA were 57 percent off the peak in the second quarter of 2008, “the risk of another downturn of similar magnitude looks minimal,” it concluded. “We do believe that bizjets are somewhat insulated from further [production] rate cuts.”