Bombardier is reducing its 10-year industry forecast for business jet deliveries by nearly 15 percent from last year because of the global recession. The world’s third-largest aircraft manufacturer said Monday it now expects there will be 11,500 business jets delivered by the industry between 2009 and 2018. Bombardier said the industry for new business aircraft … Continued
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 … Continued
Etihadhas 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 … Continued
Priced at $6 million, the EC135 helicopter is created by a collaboration between Eurocopter and Hermes, the French designer of luxury goods.
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 … Continued
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 … Continued
Safari Air, the green luxury private jet charter service, announced today that it is set to take flight on October 15th with the world’s first 21-day “Around the World Grand East Africa Safari.” The thrilling 25,450-mile adventure includes the Great Pyramids of Giza, Hong Kong Harbor, Taj Mahal and safaris in Tanzania and Kenya. Designed … Continued
Embattled bank JPMorgan Chase, the recipient of $25 billion in TARP funds, is going ahead with a $138 million plan to buy two new luxury corporate jets and build “the premier corporate aircraft hangar on the eastern seaboard” to house them, ABC News reports. The financial giant’s upgrade includes nearly $120 million for two Gulfstream … Continued
The Terrafugia Transition, the first plausible “flying car” (or more precisely, a “roadable aircraft”), took its first official flight earlier this month.
Royal Bank of Scotland cancelled a $45 million order for a luxury private jet that would have been used by its ousted chief executive and other executives if the bank had not needed a taxpayer bailout. R.B.S. is majority-owned by the British government and is mired in a high profile row over a Â£16.6 million … Continued
Air Harrods, the high-end private aviation program run by the world famous London luxury depot, is partnering with Watkins Yacht Management to provide air and concierge support via helicopter and corporate jet to the superyacht set. The two firms will provide a streamlined and ultra-stylish luxury travel experience for those embarking on a luxurious private … Continued
Virgin Atlantic president Sir Richard Branson celebrated Virgin Atlanticâ€™s 25th birthday this year by launching a new airline V Australia, and throwing an extravagant launch party in Hollywoodâ€™s Chateau Marmont on Sunset Boulevard in LA. Branson has embarked on an eight-day journey around the world to mark the launch of the newest Virgin airline V … Continued
Lufthansa is all set to pamper its billionaire clients with the state of the art Airbus A380 VIP Saloon. Lufthansa Technik, the luxo-sport decorating and customization arm of the fabled German airliner lets you peek into the lavish offerings of this proposed VIP Saloon. Via: Luxurylaunches
Hawker Beechcraft has launched its own advertising campaign to counter the negative publicity currently swirling around business aviation, referring directly to that terrible day on Capitol Hill. Chairman and CEO Jim Schuster recently blamed the growing negative attention on the industry for helping to intensify the volatility in the marketplace. “The media and some politicians … Continued
PremiAir announced today (Feb 10) the launch of a new helicopter transfer service â€“ the London Heliport Shuttle. The new service offers dedicated flights to meet private jet arrivals from the UKâ€™s key business aviation airports, whisking passengers to the London Heliport in Battersea. The launch recognises the fact that some 40% of PremiAirâ€™s traffic … Continued
Bank of America is selling three corporate jets from its fleet, as well as a helicopter it acquired through its purchase of Merrill Lynch, the company said yesterday. In addition, the bank is believed to be trying to sell one of its corporate apartments in New York, according to a source familiar with the matter. … Continued
Starbucks is trying to sell the $45 million corporate jet it bought last month. Starbucks’ new jet – a Gulfstream 550 – has made only 15 flights, according to Avpro’s online sales pitch. Several of those landings were in Honolulu and Kona, Hawaii, during a two-week trip apparently taken by CEO Howard Schultz. A Starbucks … Continued
The New York Post’s Jennifer Keil and Chuck Bennett reported in Monday’s paper that Citigroup is about to upgrade to a new $50 million, twelve-seat corporate jet. The New York Post, citing â€œa source familiar with the deal,â€ reported today that Citigroup executives authorized the purchase of a new Dassault Falcon 7X, which seats 12 … Continued
When it comes to winter luxury, one ski destination continues to rank top of the list – Courchevel in the French Alps, according to leading private air charter broker Oxygen 4, is the ski resort at which to see and be seen. And even this year, with the credit crunch biting, some of the resort’s … Continued