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☆ Netjets will be the first customer for Bombardier's new $78 million private jet, the world's fastest passenger plane since the Concorde — meet the Global 8000
▼ + stars: | 2022-12-04 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

Although many private charter companies may not adopt the configuration, it may prove to be a good option for corporations buying private jets for company travel. The Nuage Cube is a multi-purpose piece of furniture that can be used as a footrest, stool, or small table, and has been introduced as part of the executive cabin.

☆ 25 new airlines have launched globally since the pandemic rocked the industry in 2020 — see the list
▼ + stars: | 2022-12-02 | by ( Brady Macdonald | ) www.businessinsider.com time to read: 1 min

ValueJet, which had its inaugural flight in October 2022, plans to expand its routes as its fleet of Bombardier CRJ-900 aircraft continues to grow. The Nigerian upstart positions itself as a hybrid carrier with both low-cost and premium options for passengers. Bombardier CRJ-900 BombardierSource: The Guardian Nigeria

☆ Some CFOs Are Boosting Their Credit Lines as Insurance Against Recession
▼ + stars: | 2022-11-16 | by ( Kristin Broughton | Nina Trentmann | ) www.wsj.com time to read: +7 min

In addition to recession-planning, some companies are expanding their credit lines in response to higher input and inventory costs, corporate bankers said. Term loans are also funded at the outset, unlike credit lines. Photo: Xcel EnergyThe company increased its revolving credit lines primarily because it is expanding and also confronting higher commodity costs, Mr. Johnson said. Xcel doesn’t typically allow its commercial-paper balances to exceed 40% of its total borrowing capacity under its revolving credit lines, Mr. Johnson said. Bombardier in the third quarter closed on a new $300 million, five-year revolving credit facility.

☆ I flew on a $75 million Bombardier Global 7500 private jet from Miami to New Jersey and saw why the ultra-wealthy love the plane
▼ + stars: | 2022-11-06 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

"They may be related to one another in some way, such as being employed by the same company or on the same sports team, and so the risk that one passenger would endanger the others appeared to be low," the agency said in a 2002 final rule. A TSA agent at LAX. Brady MacDonald/InsiderSource: TSA

☆ Bombardier's loss narrows on strong demand for business jets
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +1 min

Nov 3 (Reuters) - Bombardier Inc (BBDb.TO) on Thursday reported a smaller adjusted loss in the third quarter, as robust demand for private jet travel boosted the aircraft maker's margins. The Montreal-based company said its third-quarter adjusted loss narrowed to $2 million from $95 million a year earlier. Corporate jet makers have been reporting swelling order backlogs on persistent strong demand for flying private, especially in the United States, the world's largest market for business aviation. The company reported third-quarter free cash flow of $52 million, compared with $100 million last year. Bombardier reported an adjusted loss of $0.10 per share.

☆ The billionaire CEO of LVMH sold his private jet to stop people from tracking it on Twitter. Take a look inside the jet, which costs around $73 million.
▼ + stars: | 2022-10-20 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +1 min

He sold LVMH's private jet after thousands of people starting tracking the plane on Twitter. LVMH CEO Bernard Arnault on board his private jet between Beijing and Shanghai. Marc DEVILLE/Gamma-Rapho via Getty ImagesIn an October interview with Radio Classique, Arnault — who is worth almost $150 billion — said LVMH had sold its private jet. According to a 2019 report by Forbes, Arnault traveled in the private jet at least once a month. Take a look inside the Canada-made jet, which is the largest business jet currently on the market.

☆ Gulfstream Aerospace weighs G550 replacement for special missions
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +1 min

ORLANDO, Fla., Oct 17 (Reuters) - General Dynamics Corp's (GD.N) Gulfstream Aerospace is weighing one of its business jets to replace its popular G550 aircraft which is now out of production for special mission purposes, President Mark Burns said on Monday. Governments are eying "special mission" business jets capable of looking or listening at potentially lower running costs than converted passenger or military planes. The rising demand for small jets with systems once reserved for bigger planes has energised a market led by Gulfstream, which faces challenges from rivals Bombardier (BBDb.TO) and France's Dassault Aviation SA (AM.PA). In September, Canada's Bombardier Inc (BBDb.TO) said the company's defense business involving special mission private jets could grow to a possible $1 billion in annual revenues from a 'fraction' of it right now. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Allison Lampert in Orlando, Fla.

☆ 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.

☆ Honeywell forecasts increase in private jet deliveries over next decade
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +2 min

Oct 16 (Reuters) - Honeywell International Inc (HON.O) on Sunday lifted its outlook for business jet deliveries, as the COVID-19 pandemic brought in a wave of first-time users and buyers in the private flying market. Honeywell forecast up to 8,500 new business jet deliveries worth $274 billion from 2023 to 2032, up 15% from last year's outlook, while the usage in 2022 is expected to climb 9% higher. Private flying demand boomed during the pandemic as wealthier passengers opted for charter planes due to concerns about exposure to the virus. Register now for FREE unlimited access to Reuters.com RegisterPassengers who used to fly first class on a commercial airline have now increasingly switched to private flying. "Demand for new business jets is as high as we've seen it since 2015, and we expect high levels of demand and expenditures for new aircraft for several more years," said Heath Patrick, Honeywell Aerospace president, Americas aftermarket.

☆ Super-rich keeping flying private despite surging fuel costs making charters even more expensive
▼ + stars: | 2022-10-16 | by ( Stephen Jones | ) www.businessinsider.com time to read: +4 min

Surging fuel, inflation, and labor costs have sent private jet charter prices up significantly. It's a similar story for flyExclusive, another private jet charter firm. "So far it hasn't negatively impacted demand," Seagrave tells Insider, but admits that further price rises may have an impact sooner or later. For flyExclusive passengers, fuel represents between a quarter and 37% of the charter cost, Seagrave tells Insider. VistaJet runs a membership service which means its customers pay an hourly fee, but they still have to pay a fuel surcharge, Qi says.

☆ Airbus says bigger A220 jetliner makes sense at right time
▼ + stars: | 2022-09-23 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

Airbus CEO Guillaume Faury speaks during a visit of German Economy and Climate Protection Minister Robert Habeck at Airbus research facilities in Hamburg, Germany, January 18, 2022. A stretched version of the lightweight Canadian-designed airplane makes a lot of sense, "but we don't want to be right too early", Chief Executive Guillaume Faury told investors. Airbus has seized a commanding lead in the main part of the single-aisle market, most recently through the larger A321neo which Asam said would have an increasing proportion of sales. However, the industry's biggest single-aisle variant, the delayed A321XLR, is not emerging as quickly as Airbus hoped. Improvements in the range of the largest single-aisle jets like the A321neo have eaten into the lower end of the market traditionally reserved for bigger wide-body jets, where Boeing has for decades widely been seen as the market leader.

☆ FAA denies Republic Airways bid to reduce co-pilot training hours
▼ + stars: | 2022-09-19 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Lucy NicholsonRegister now for FREE unlimited access to Reuters.com RegisterWASHINGTON, Sept 19 (Reuters) - The U.S. Federal Aviation Administration (FAA) said on Monday it had denied a request by Republic Airways to allow the regional airline to reduce the number of hours needed to become a co-pilot. The FAA said it disagreed with the airline's argument for allowing only 750 hours of flight experience instead of 1,500 hours. Several unions had opposed Republic's request, with some arguing that a reduction in flight hours and relaxation of standards "would jeopardize safety and result in inexperienced pilots," the FAA said. The regulations to boost flight hours for co-pilots stemmed in part from the February 2009 crash of Colgan Air Flight 347 in upstate New York that killed 50 people. [nL1N2Z61D4[Register now for FREE unlimited access to Reuters.com RegisterReporting by David Shepardson; editing by Jonathan Oatis and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Trei piloți ruși ai unui bombardier supersonic au murit după ce au fost catapultați din greșeală
▼ + stars: | 2021-03-24 | by ( ) www.jurnal.md time to read: +1 min

„La 23 martie, în cursul pregătirilor la sol pentru zborul unui Tu-22M3, sistemul scaunului ejectabil s-a declanşat accidental”, potrivit ministerului. „Din cauza altitudinii insuficiente pentru deschiderea paraşutelor, trei membri ai echipajului au decedat”, a adăugat instituţia de apărare rusă. Potrivit TASS, un membru al echipajului a supravieţuit. O comisie formată din specialişti ai aviaţiei militare a fost trimisă pe acest aerodrom, aflat la sud-vest de Moscova, pentru a stabili cauza accidentului. Tu-22M este un bombardier şi avion de patrulare maritim supersonic, cu aripi cu geometrie variabilă, cu rază de acţiune lungă de concepţie sovietică, constituind varianta modernizată a modelului Tu-22.

Organizations: Reuters, Agerpres Locations: Kaluga, Rusiei, rusă, Moscova

☆ Rusia: Trei membri ai echipajului unui bombardier au murit după ce au fost catapultați din greșeală
▼ + stars: | 2021-03-23 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

"La 23 martie, în cursul pregătirilor la sol pentru zborul unui Tu-22M3, sistemul scaunului ejectabil s-a declanşat accidental", potrivit ministerului. "Din cauza altitudinii insuficiente pentru deschiderea paraşutelor, trei membri ai echipajului" au decedat, a adăugat instituţia de apărare rusă. Potrivit TASS, un membru al echipajului a supravieţuit. O comisie formată din specialişti ai aviaţiei militare a fost trimisă pe acest aerodrom, aflat la sud-vest de Moscova, pentru a stabili cauza accidentului. Tu-22M este un bombardier şi avion de patrulare maritim supersonic, cu aripi cu geometrie variabilă, cu rază de acţiune lungă de concepţie sovietică, constituind varianta modernizată a modelului Tu-22.

Locations: Kaluga, Rusiei, rusă, Moscova

☆ VIDEO, FOTO/ Liderul de la Tiraspol surprins în zona VIP a aeroportului de la Chișinău: A plecat la Moscova cu un avion privat
▼ + stars: | 2020-12-14 | by ( Jardan Cristian | ) www.zdg.md time to read: +2 min

Jurnal TV l-a surprins pe liderul de la Tiraspol, Vadim Krasnoselski în momentul în care intra în sala VIP a aeroportului din Chișinău. Însoțit de 2 agenți de pază, Krasnoselski a coborât dintr-un autoturism de culoare neagră, parcată la intrarea în zona VIP și a intrat nestingherit în sala de așteptare fără a da comentarii. Cei de la Jurnal spun că liderul de la Tiraspol este însoțit în vizita sa și de unul dintre patronii holdingului „Sheriff”. Un canal de telegram care prezintă informații despre regimul de la Tiraspol anunță că liderul regiunii a plecat la Moscova la bordul unui avion de lux. „Se spune că acolo (Moscova n. red), liderul de la Tiraspol are planificate 2 întâlniri importante.

Persons: Vadim Krasnoselski, Dmitri Kozak, Vadim Nicolaevici, Igor Maslov, Leonid Manakov, Vitalie, Andrei Rudenko Organizations: Sheriff, Euro Locations: Tiraspol, Chișinău, Moscova, Sheriff, Ucrainei, Rusia

☆ The 8 best 'personal' private jets that only require one pilot to fly
▼ + stars: | 2020-06-21 | by ( Taylor Rains | Thomas Pallini | ) www.businessinsider.com time to read: +11 min

Personal private jets are intended to be flown by one pilot and are ideal for business, leisure, or both. aviation-images.com/Universal Images Group via GettyCessna has long been the leader in single-pilot jet aircraft, with multiple models in its popular Citation line-up built with solo operations in mind. The light jet aircraft have dominated the skies since the 1970s with Cessna continuing production of new models nearly five decades later. Three variants of the product line are in existence, the HondaJet, HondaJet Elite, the HondaJet Elite S, and the HondaJet Elite II. David Slotnick/Business InsiderThe Pilatus PC-24 capitalizes on the success of the highly versatile PC-12 turboprop, another single-pilot aircraft, but adds on the speed of a jet aircraft.

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