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Business Aviation News

What to do when a good deal goes bad: Default, enforcement and repossession

No lender ever enters into a corporate jet deal expecting it to go wrong. But in tough markets corporate jet financiers need to be prepared to manage default and in the worst cases enforcement and repossesion. Oliver Tebbit, from Clyde & Co,outlines the key issues for lenders to consider.

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Ben Murray joins XOJET as president

Benjamin Murray has become president of XOJET. He moves from NetJets where he was executive vice president.

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Airfinance Leasing Corporation: Changing operating leasing

Airfinance Leasing is not just a new company. Kirsten Bartok, its founder and CEO, is trying to create a new market. Bartok, who was one of the launch team of XO JET, believes business jet fleet operators – she prefers this term to calling them fractional companies – should copy airlines and use true operating leases to finance aircraft.

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Hawker Beechcraft makes loss after $726 million write-down

Sales at Hawker Beechcraft Acquisition Company fell in 2008 but cash flow improved and deliveries beat forecast.

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Bombardier delivers 100th Challenger 605 Jet

Bombardier says 100 Challenger 605s now in operation

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Bombardier delivered 25% less aircraft in 2009

Business jet manufacturer Bombardier delivered 176 corporate aircraft in its 2009/2010 fiscal year

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VistaJet hires Robert Hersov for advisory board

VistaJet, the world’s second largest fractional jet company, appoints Robert Hersov, formerly of NetJets Europe, as chairman of the VistaJet advisory board.

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Asian FBO market to be worth $74.23m in 2018

Frost & Sullivan forecasts strong growth for Asian fixed base operators (FBOs) but warns of qualified mechanic shortage.

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PrivatAir to open in Bahrain

Privatair planning to offer charter and aircraft management from Bahrain. Due to launch by mid-Summer.

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Firestone new head of Asia-Pacific sales for Hawker Beechcraft

Justin Firestone appointed president Asia-Pacific sales. Will work from Hawker Beechcraft’s new Hong Kong office.

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