The latest UBS Business Jet Market Index jumped 10 percent from the August survey as respondents noted healthier pre-owned business jet inventories and improved pricing, as well as higher customer interest. Now at 53, the index score returns to its post-U.S. election high and denotes an improving market.
By cabin size, midsize jets took the lead with an index score of 54, up 7 percent sequentially. This was followed by light jets at 53, a 15 percent increase, and large-cabin jets at 51, which climbed 12 percent from August. UBS Global Research said the straight-up measure of absolute business conditions came in at 5.4, up 5 percent from the previous survey and the highest since before the financial crisis.
According to UBS aerospace analysts David Strauss and Darryl Genovesi, the overall index reflects an improved view of pre-owned aircraft pricing and inventory, with those scores soaring 24 percent and 22 percent, respectively, along with higher customer interest, which rose 11 percent. North American customer interest increased 11 percent and remains strongest at a score of 70, followed by an “improving” Europe (56), while Asia (51), Latin America (48) and the Middle East (47) “appear stable to slightly improving.”
by AINalerts October 5, 2017
Business aviation flight activity in North America “sizzled” last month, recording a 5.2 percent year-over-year increase, according to TrakPak data released today by Argus International. This is the largest month operations-wise since May 2008 and shattered the business aviation data firm’s 3.3 percent growth forecast for August; it is predicting 3.2 percent this month.
Last month’s results were fueled by a 10.9 percent year-over-year increase in Part 135 charter activity. Part 91K fractional flying also posted a solid 7 percent gain and, for the first time in several months, Part 91 activity was in the black, rising 0.9 percent.
Large-cabin jet activity continued to dominate the aircraft categories, climbing 7.2 percent year-over-year in August. This was followed by light jets, up 5.5 percent; midsize jets, up 4.8 percent; and turboprops, up 4.5 percent.
In individual categories, the Part 135 segment nearly had across-the-board double-digit gains, with the exception of light jets under this catergory, which rose 9.1 percent from a year ago. Part 135 turboprop, midsize jet and large-cabin jet flying soared 11.3 percent, 11.4 percent and 12.6 percent, respectively. Meanwhile, fractional light jet activity rose 17 percent year-over-year. Only Part 91 light jets recorded a slight loss, falling 0.2 percent.
by AINalerts 9/13/2017
|Business aircraft flight activity in North America during the first half of the year has recorded year-over-year gains every month, according to a midyear TraqPak report released today by Argus International. In fact, year-to-date flight activity is up 3.9 percent from 2016, while flight hours have risen 6 percent during the same period.
Flight activity continues to be “very strong” in the Part 135 segment, ascending 10.1 percent during the first six months compared with the same period a year ago. Argus also noted “solid gains” in the Part 91K/fractional segment, with flight activity up 5.7 percent as the industry “has finally managed to put the consolidation behind it.” Meanwhile, Part 91 has been flat this year, declining 0.5 percent year-over-year in the first six months, though it said the second half “looks more promising” for this segment.
All aircraft categories saw flight-hour gains during the first six months, increasing by an overall average of 6 percent from a year ago, according to Argus. Large-cabin jet flying climbed 10.5 percent, to 475,580 flight hours, followed by a 7.3 percent rise in midsize jets. On the lighter end of the spectrum, turboprop and light jet flying surged 3.2 percent (564,431 hours) and 3.5 percent, (478,433 hours), respectively.
Argus estimates that flight activity in August, September and October will rise 2.9 percent compared with a year ago.
by AINalerts 8/7/2017
|The FAA took the next step in rolling out the newly reorganized Flight Standards Service with the release of an Information to Operators (InFO) outlining changes ahead that are designed to foster “efficiency and agility.” According to the InFO, “The Future of Flights Standards (FFS) Initiative is a service-wide effort to transform the culture of Flight Standards into an organization that facilitates critical thinking, interdependence and consistency to better serve aviation safety.”
To be implemented this month, the changes include the elimination of regional Flight Standards offices and the creation of four functional organizations: Air Carrier Safety Assurance, General Aviation Safety Assurance, Safety Standards and Foundational Business. This will create a streamlined structure to facilitate “faster response times, single points of accountability in each functional organization, greater agility and consistency,” the agency said.
Existing FAA-issued documents, media and products issued remain valid, the FAA said, but it encouraged aviation stakeholders to learn more about the new organization at its Flight Standards Information Management System page.
Plans call for Flight Standards to fill new manager vacancies in upcoming weeks with the hopes of having them staffed by or shortly after the August 20 transition date, and FAA leadership are holding meetings with the new functional organizations, Flight Standards director John Duncan said.
by AINalerts 8/7/2017
The U.S. Senate Appropriations Committee agreed to scale up the FAA’s budget to nearly $17 billion next year in a comprehensive funding bill that also clearly outlines the committee’s objections to proposals to create an independent air traffic control organization. On Thursday, the committee approved the Fiscal Year 2018 Transportation, Housing and Urban Development and related agencies bill, calling for a $16.97 billion budget for the FAA.
This funding would mark more than a $500 million increase over this year’s levels and an $800 million boost over the White House request. The bill also would provide $300 million more than the House version.
Notably, the bill would outright ban the use of funding to “to plan, design, or implement the privatization of the air traffic organization functions.” In report language accompanying the bill, the committee rejected the proposal to create an independent ATC organization. “The rigorous and yearly oversight of the budget and programs of the FAA is necessary to ensure the transparency and integrity of the public’s investment in the air traffic control system,” the appropriators said. “The proposed shift does not serve the public interest and would only create a new bureaucracy that is unaccountable to the public and the communities surrounding our network of airports.”
by AINalerts Ju;y 31, 2017
NBAA on July 28 commended the Senate Appropriations Committee for rejecting privatization of the nation’s ATC system in an annual federal spending bill. Proposals for privatizing ATC have been pushed by the big airlines as part of a continuing debate over FAA reauthorization, but NBAA has mobilized the business aviation community to oppose such legislation, offering several Contact Congress tools, including a new toll-free action line: 1-833-GA-VOICE. Learn more.
by NBAA 7/31/2017