Business Aviation Traffic On The Rise At Tianjin

by Nick Knightly on May 9, 2012

In the Latest Aviation News…

China’s Tianjin Airport has reported exponential growth in its corporate aviation business, which increased by 30 percent between 2010 and 2011. In recent years, the city has seen rapid economic development, which has led to the rise of business aviation movements and related enterprises. The number of private aviation movements at the airport has risen by 131 percent since 2008, from 10 to 15 per month to around 35 per month in 2010.

In 2011, Tianjin handled 453 business jet takeoffs and landings, representing an almost 30-percent increase compared with 2010. In the past two years, there has also been a significant increase in the number of corporate aircraft flying international routes, 70 percent of which flew to destinations in Asia.

Several private aviation charter and management companies have now made Tianjin their home, and many of the new private aircraft that have entered China are now based there.

Source: AINonline.com

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Pre-owned Business Aircraft Market Continues To Improve

by Nick Knightly on May 4, 2012

In the latest aviation news…

Pre-owned business jet and turboprop inventories continued to subside in February, according to data released today by market information firm JetNet. Inventory of used business jets fell to 13.9 percent in February, down 0.4 percentage points from the year-ago period. Business jet sales transactions rose 7.7 percent year-over-year, while at the same time asking prices rose 3 percent. Average days on the market for a business jet dropped to 346 days, down 82 days from February last year.

Meanwhile, turboprop inventory further deflated to 9.4 percent—1.1 percentage points less than it was a year ago. Since the inventory continues to be less than 10 percent, JetNet reiterated that it is a seller’s market for used turboprops. However, turboprop sales transactions slipped by 8.7 percent from February 2011 as asking prices climbed by 19.1 percent. Days on the market for used turboprops rose by 63 days to 313.

JetNet noted that inventory of pre-owned turbine helicopters also decreased in February to 6.4 percent, down 0.6 points from a year ago. Average asking prices for turbine helicopters rose by 38.7 percent year-over-year, it added.

Source: http://www.ainonline.com/node/103337

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How Will China Address Its Business Pilot Shortage?

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from Business Aviation Insider Aviation in China is booming, and demand for new pilots may soon exceed supply, according to a 2011 report from the General Administration of Civil Aviation of China (CAAC). The government organization’s five-year plan predicts a doubling of the civil aviation fleet, which means a surge in demand for new pilots: [...]

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The business aviation market is showing early signs that the momentum at the end of last year is carrying into 2012 with key indicators improving in January, according to initial analyst reports. Used aircraft sales continued to strengthen, and prices jumped dramatically in January for the first time in months, according to Jetnet’s latest report. [...]

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As you know I try very hard to help my fellow pilots to get a job that they most desire. I give them tons of free information that moves them closer to their goals. I’m often told that I’m giving the pilot career training that the flight schools don’t teach, and although that wasn’t my [...]

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Bizjet Market ‘Perking Up,’ Says JPMorgan

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By: Chad Trautvetter, AINonline.com 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 [...]

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Business jet industry may emerge stronger than ever

August 14, 2011

BY MOLLY MCMILLIN, The Wichita Eagle Last week, the stock market whipsawed as it responded to the political debate about the nation’s debt and the country’s credit downgrade. The Dow Jones industrial average had four 400-point swings in a row for the first time in its 115-year history. That volatility may result in a short period [...]

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