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Top related persons:
Brian Foley - 2 Embraer Executive Jets Michael Amalfitano - 1 Foley - 1 Jim Segrave - 1 Uber - 1 Dynamics's - 1 Canada's - 1 Travis Kuhn - 1
Top related locs:
Brazilian America U.S New York Miami North Carolina Montreal
Top related orgs:
Embraer - 1 Cessna - 1 Excel - 1 Textron - 1 Federal Aviation - 1 Embraer Phenom - 1 Embraer Executive Jets - 1 LinkedIn - 1

Search resuls for: "Brian Foley"


5 mentions found


☆ Take a look at the $10 million Embraer Phenom 300, which just became the new most popular private jet in the US
  + stars: | 2023-09-04 | by ( Taylor Rains | ) www.businessinsider.com   time to read: +2 min
The Embraer Phenom 300 has surpassed the Cessna Citation Excel as the US' most popular private jet. AdvertisementAdvertisementThe Cessna Citation Excel family (top) has been the US' most-flown private jet for the past 15 years. jremes84/Shutterstock, NetJetsThe Cessna Citation Latitude, the Cessna Citation V, and the Cessna Citation CJ3 business aircraft were also in the FAA's monthly report as the third, sixth, and ninth most-flown private planes, respectively. And, it costs about $3 million less than $13 million Cessna Citation XLS+, which is the latest version of the Excel. He also explained that Embraer's "long airliner heritage" (the company also builds commercial planes) gives the Phenom 300 a "perception of being purpose-built for high utilization."
Persons: Embraer Executive Jets Michael Amalfitano, Brian Foley Organizations: Embraer, Cessna, Excel, Textron, Federal Aviation, Embraer Phenom, Embraer Executive Jets, LinkedIn, Private, Bloomberg Locations: Brazilian, America
☆ Wheels Up flies for now, but private-jet rivals see opportunity
  + stars: | 2023-08-16 | by ( Allison Lampert | ) www.reuters.com   time to read: +4 min
Wheels Up avoided a possible bankruptcy when it secured backing from investors on Tuesday, including U.S. carrier Delta Air Lines (DAL.N). Two operators have closed down since May in the face of diminished traffic and higher labor costs could force some private-jet operators out of business. While private flying remains above 2019 levels, traffic has slowed since the pandemic, when wealthy passengers sought to avoid crowded commercial airports. The company, which provided third-party flying service to Wheels Up, faces a lawsuit from Wheels Up over a contract dispute. Jamie Walker, chairman of U.S. private jet operator Jet Linx, said he sees opportunity for both organic growth and acquisitions due to the softening marketplace.
Persons: Brian Foley, Foley, Jim Segrave, Uber, Dynamics's, Canada's, Travis Kuhn, Justin Crabbe, Andrew Collins, Jamie Walker, Linx, " Walker, Allison Lampert, Ben Klayman, Andy Sullivan Organizations: Delta Air Lines, Rivals, Gulfstream, Canada's Bombardier, U.S, Argus, North, Thomson Locations: U.S, New York, Miami, North Carolina, Montreal
☆ U.S. private jet buyers seek distressed planes in early sign of turbulence
  + stars: | 2023-01-24 | by ( Allison Lampert | ) www.reuters.com   time to read: +5 min
[1/2] A Gulfstream logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland May 28, 2018. From preowned planes selling more gradually to flattening business jet traffic, demand is beginning to moderate, aviation lawyers, brokers and analysts said. Investors will be watching for clues when Gulfstream-maker General Dynamics Corp (GD.N) and Cessna business jet maker Textron Inc (TXT.N) report earnings on Wednesday. Planemakers rarely disclose cases of distressed planes, but argue they can easily resell unwanted models. Some buyers also scrambled late last year to find distressed planes to qualify for favorable taxation rules.
☆ Private jet makers tout emission-fighting efforts, backlogs at air show
  + stars: | 2022-10-17 | by ( Allison Lampert | ) www.reuters.com   time to read: +5 min
It will also test the strength of business jet demand, which surged during COVID-19 and swelled order backlogs, but could now face a softer economy. Honeywell International Inc (HON.O) has forecast up to 8,500 new business jet deliveries worth $274 billion from 2023 to 2032, up 15% from last year's outlook. BUSY QUARTERU.S. business jet traffic recovered faster in 2021 than commercial flight traffic, soaring above 2019 levels. Independent aviation analyst Brian Foley expects private jet usage in the United States to go down to more traditional levels this fall. Despite being a sellers' market, aviation attorney Stewart Lapayowker sees some early signs of softness.
☆ Private jet makers tout emissions-fighting efforts, backlogs at air show
  + stars: | 2022-10-17 | by ( Allison Lampert | ) www.reuters.com   time to read: +4 min
It will also test the strength of business jet demand, which surged during COVID-19 and swelled order backlogs, but could now face a softer economy. BUSY QUARTERU.S. business jet traffic recovered faster in 2021 than commercial flight traffic, soaring above 2019 levels. Independent aviation analyst Brian Foley expects private jet usage in the United States to go down to more traditional levels this fall. Despite being a sellers' market, aviation attorney Stewart Lapayowker sees some early signs of softness. Some buyers in real estate and construction, sectors hit by rising rates, are reconsidering their orders, said Lapayowker, who leads Lapayowker Jet Counsel in Florida.
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