Pharmaceutical giant Pfizer is scouting for buyers for two of its Gulfstream aircraft, a Gulfstream V model and a Gulfstream 550.

The V is offered at $29.25 million and the 550 for $35.5 million, Cityfile reports.

It’s unclear when the planes were put up for sale exactly, although both were reduced in price recently.

Boeing executive jet sales have plummeted in the slower economy, according to information from the 2009 European Business Aviation Convention and Exhibition (EBACE) in Geneva

Boeing sold eight new personal luxury jets since the show last year but had four orders cancel, leaving a net gain of four. This is an 87 percent drop from the last period between shows, when Boeing sold 33 of the aircraft.

The jets are usually called BBJs when they’re based on Boeing 737s, and VIPs when based on larger airframes.

Etihad has redefined luxury air travel even further following the unveiling of its new Diamond First Class cabin.

The new cabin contains individual suites, which have been designed to provide customers with more privacy, greater comfort and increased storage.

You can begin enjoying the experience from August 2009, when the suite is fitted onto a brand new A340-600.

Falcon Aviation Services has received its first “Hélicoptère par Hermès” on Sunday at a ceremony held in Abu Dhabi.

Priced at $6 million, the EC135 helicopter is created by a collaboration between Eurocopter and Hermès, the French designer of luxury goods.

“This helicopter illustrates a fusion between design and technology, where every detail has been created for VIP and business travellers,” said Salem Al Kayoumi, FAS’s vice-chairman.

Cessna is laying off an additional 2,300 people, extending its summer shutdown, suspending its Citation Columbus program and closing its Bend, Ore., plant, the company said today.

The $27 million Columbus design was billed as the largest, fastest longest-range, most comfortable and most advanced Citation in history.

It was supposed to be ready in 2014 and state and local governments in Kansas had allotted millions in incentives to entice Cessna to build the production plant in the state.

With the increasing security issues at airports, it gets even harder to catch commercial flights on time. One way to minimize time spent at the airport is by renting a private jet.

Time is of the essence, especially if you are a businessman or a top corporate executive.

If you are on a tight schedule and you want to take control of your itinerary, then private jet rental is for you. Long queues and other inconvenient security checks are minimized when you rent private jet.

Thus, you can use the time you saved from renting a private jet to close important business deals or spend more time with your family.