Jet Aviation has confirmed to Channel News Asia that a Bombardier Global 5000 linked to 1Malaysia Development Berhad (1MDB) is currently at its Singapore Seletar facility. Malaysia’s state-owned 1MDB is embroiled in a corruption scandal, with the US Department of
With a large number of SEC-reporting companies considering renewing and/or expanding their business jet fleets (especially following recent changes to US tax laws), many compensation committees would be well advised to seek independent legal counsel to audit business jet and
Warren Buffet’s annual letter to shareholders are deservedly famous. Both entertaining and insightful, each year’s offering is read by thousands of people. Here are edited highlights about what he has had to say about NetJets, the world’s largest corporate jet fractional ownership company, since Berkshire Hathaway acquired it in 1998. The letters show the ups and downs the business has been through.
According to a news article on the flightservicebureau.org website, Hong Kong is to make additional slots available for business aircraft. Two extra slots will become available between 16:00 & 23:59 UTC (Universal Time Coordinated), which is 23:00 to 04:59 local
Honda Aircraft has delivered the first of its new $5.25 million HondaJet Elite business jets. The aircraft, MSN 126 / N112HM, was delivered to an unidentified US customer. It left Honda Aircraft’s Greensboro NC manufacturing facility on August 3, flying
In the introduction to its latest quarterly report, Asian Sky Group’s managing director, Jeffery Lowe, says that Asia has now become a seller’s market for pre-owned business jets. Lowe says that the market has swung almost 180 degrees in the
Deliveries of business jets were flat in the first half of the year, according to the latest figures from the General Aviation Manufacturers Association (GAMA). Overall the GAMA data shows that a total of 296 business jets were delivered in
Ian Austin is the Managing Director of Jet Exchange, the Cambridge UK-based private jet acquisitions, management and charter specialists. In the article below Austin looks at aircraft management, and why it’s critical to choose the correct partner to look after
Frost & Sullivan, the market research and consultancy company, says that Kuala Lumpur could become a regional business aviation hub. For the report the company surveyed interested stakeholders in Asia Pacific, with Kuala Lumpur’s Subang Airport being the favoured location
Danielle Roman is a Partner based in the Hong Kong office of Mourant, which advises on the laws of the Cayman Islands, BVI, Jersey and Guernsey. She is an experienced banking and finance specialist and has particular expertise in asset
