China's business jet fleet grew 6 percent in 2015, the slowest in the past 10 years, according to data from Embraer SA , one of the largest business jet manufacturers.
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When it first opened its virtual doors for business, Jet.
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Business jet operator Flexjet ordered 20 AS2 planes in 2015.
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I still have my original sketches of our business jet.
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N) which makes parts for business-jet makers Bombardier Inc (BBDb.
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So Mr Vázquez's pre-owned business jet looked self-indulgent by comparison.
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Bombardier had 9,400 employees in its business jet division as of 2016.
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Embraer would keep its defense division and possibly its business jet unit.
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Around that time, Cuban bought a Gulfstream V business jet for $40 million.
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It's the widest and tallest cabin of any business jet with intercontinental range.
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"Bombardier is firmly committed to the Middle East and Africa, and our in-region sales team is well equipped to ensure all customers find the ideal business jet for their needs," said Bombardier's business jet head David Coleal, in a statement.
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"Ten years ago, if you bought a business jet, you would show your shiny new plane off to reporters," said one China-based business jet broker, who has been helping wealthy individuals buy and sell aircraft for more than 2550 years.
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Nevada's Aerion Corporation is making a pointy-nosed business jet, good for Mach 1.5.
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Robust business jet demand drove Textron Inc's earnings beat, driving its stock up 4.2%.
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More than 60 percent of business jet sales are replacement aircraft for current owners.
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N) Business Jet 27000 that competes against models from European rival Airbus SE (AIR.PA).
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Robust business jet demand drove Textron Inc's earnings beat, driving its stock up 4.0%.
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Gulfstream calls the new G700 the "best-performing aircraft in the business jet industry."
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The announcement came ahead of the biggest business jet show anywhere around the globe.
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The Canadian company had the largest share of worldwide business jet shipments last year.
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The company said business jet operators continued to focus on larger-cabin aircraft - ranging from the super mid-size through ultralong range - which are expected to account for more than 85 percent of new business jet sales in the next five years.
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Originally called the Global 7000, the business jet was renamed the Global 7500 in May.
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The inside cabin width is slightly bigger than the Boeing Business Jet at 21000 meters.
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Still, Vincent warned business jet makers not to increase production, for fear of weakening prices.
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The company's aerospace division has long trailed its higher-performing rail and business jet units.
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"That's about one-tenth the operating cost of a business jet per hour," he said.
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He said the jet is "critical" to the future growth of Bombardier's business jet division.
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The business jet version of Boeing's upcoming 777X, will effectively take over from the 747.
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Bombardier Inc Makes the rear fuselage of its long-range Global 7500 business jet in Queretaro.
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The Boeing Business Jet can fit eight people and has an interior width of 211 meters.
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The General Dynamics CEO also maintained that Gulfstream is taking share in the business jet market.
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But sales at its commercial systems unit fell 2.8 percent due to lower business jet production.
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The couple reportedly travelled in a Cessna Citation Sovereign, which is a 12-seater business jet.
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For the business jet version, Airbus was able to lower the cabin altitude below 6,400 feet.
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It said on Tuesday that an unidentified business jet customer had ordered one 737 MAX jet.
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Novakovic said General Dynamics expected U.S. Federal Aviation Administration certification of the G600 business jet in June.
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The Brazilian airplane manufacturer now offers spectacularly large windows in its $53 million Lineage 1000 business jet.
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In 1999, billionaire Mark Cuban bought a Gulfstream V business jet over the internet for $40 million.
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As part of the partnership, Earnhardt said he would use a Cessna Citation business jet for travel.
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Business jet deliveries are expected to drop 22017 percent in 2450, according to Jefferies analyst Howard Rubel.
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Chao flew on an FAA Cessna business jet in order to make the events in both cities.
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The Canadian company expects its business jet division will, by year's end, maintain 22019 percent of the 26,203 in-service jets it has sold over the years, up from 220 percent in 22018, according to Bill Molloy, vice president, aftermarket sales and commercial strategy of Bombardier's business jet division.
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PA) announced plans for a new long-range business jet on Wednesday, renewing a battle with Gulfstream (GD.
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The G650 cabin width is slightly narrower than the Boeing Business Jet and Airbus ACJ319 at 2.59 meters.
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Quidsi itself was originally started by Marc Lore, who more recently sold his latest e-commerce business Jet.
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Walmart has brought on Tesco veteran, Simon Belsham, to serve as president of its e-commerce business, Jet.
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BOEING SAYS BOOKED ONE ORDER FOR ITS 737 MAX JET FROM A BUSINESS JET CUSTOMER ON SEPTEMBER 11
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The wait is due in part to corporate boards taking their time to approve new business jet purchases.
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Bombardier is restructuring, shedding underperforming commercial plane programs to focus on more profitable business jet and rail units.
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They included major exhibitors like American aerospace and defense firm Lockheed Martin, and Canadian business jet manufacturers Bombardier.
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Textron's Cessna Aircraft business makes Citation jets, such as Latitude, a roughly $16 million mid-size business jet, and it has the newer Longitude business jet that has a longer range and is priced at around $25 million Brazil's Embraer is facing tougher price competition in the regional jet business.
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Beginning in 2000, the campaigns reduced demand for new business jet orders, which once had a two-year backlog.
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Haloburdo expects the higher salaries to slightly increase operating costs for business jet companies, but that could be absorbed.
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Removal of the CSeries headache means the company can focus on its more profitable rail and business jet divisions.
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The North American business jet market - the biggest in the world - has proven resilient despite the oil price slump.
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Aerion has multiple partnerships with global aerospace companies, including Boeing, and wants to target the private business jet market.
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The Phenom 300 is the most-delivered business jet, according to a report by the General Aviation Manufacturers Association.
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Unlike a regular business jet flight, passengers would serve themselves food from a spread laid out in the cabin.
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B/E Aerospace earned 40 percent of its 2015 revenue from aftermarket sales and 23 percent from business jet sales.
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Rockwell sees sales to business jet and regional jet makers falling 10 percent to 15 percent in fiscal year 2017.
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But as with commercial airlines, a degree of caution when investing in private- and business-jet operations may be wise.
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Textron is banking on its newest mid-sized business jet, Cessna Citation Longitude, to further bolster its luxury jet business.
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Embraer will hold the remaining 20 percent of the venture and keep control of its defense and business jet operations.
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The long-range business jet, which can fly nonstop from London to Los Angeles, is expected to enter service this year.
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Two European defense sources said French planemaker Dassault Aviation is ready to adapt its Falcon 8X business jet for such missions.
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Textron said in January that it would spend less on its aviation business in 2017 due to weak business jet demand.
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Business jet manufacturers Bombardier, Textron and General Dynamics' Gulfstream division are also among those to have pulled out of the airshow.
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Dassault Aviation shares fell 3.3 percent, with traders citing comments from the CEO over delays to its Falcon 5X business jet.
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Honeywell forecast on Sunday that business jet deliveries would pick up in 2019 after declining by about 30 aircraft this year. .
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It's already profitable with $130,000 in gross profit in February which makes this a $24 billion gross profit potential business. jet.
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Despite the optimism, U.S. aerospace analyst Rolland Vincent warned business jet makers not to increase production, for fear of weakening prices.
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"It is inevitable that the Chinese business jet population will eventually grow to a size similar to the U.S.," he said.
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A typical transaction is over 5,000 gallons, which is much, much larger than we would see on an ordinary business jet.
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Through its trade association, the National Business Aviation Association (NBAA), the business jet lobby is fighting desperately to stave off reform.
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Proponents point to market projections claiming hundreds of supersonic business jet sales in the decade after an overland flight ban is rescinded.
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Embraer will hold the remaining 20 percent of the Boeing joint venture and keep control of its defense and business jet operations.
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There was a highly complicated deal that we did in joint venture with an Israeli company to launch a new business jet.
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The Canadian plane and trainmaker is shedding underperforming commercial plane programs to focus on its more profitable business jet and rail units.
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Bombardier, while slashing thousands of jobs in 2016, also hired workers to develop its Global 7500 business jet, a major revenue driver.
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"The lower valuation is due to Gulfstream and concerns over a large cabin business jet market, which we agree is weak," he said.
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The business jet (basically a less lavish private plane) entered service in earnest this year after two decades of fastidious, often-delayed development.
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Bombardier said it will focus its aerostructures activities in Montréal, Mexico and its newly acquired Global 21 business jet wing operations in Texas.
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Business jet manufacturers Bombardier Inc,, Textron Inc and General Dynamics Corp's Gulfstream division are among those to have pulled out of the airshow.
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Business jet manufacturers Bombardier Inc,, Textron Inc and General Dynamics Corp's Gulfstream division are among those that have pulled out of the airshow.
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"There are too many examples to count of how the airplane has helped me," Cuban said in an interview with Business Jet Traveler.
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Business-jet makers are forced to offer more discounts to prevent buyers from canceling orders or delaying purchases, analysts and dealers have said.
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Bombardier Chief Executive Officer Alain Bellemare told analysts that the company's largest growth program, the new Global 23 business jet, is progressing well.
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The Wall Street Journal reported Wednesday that Immelt had an empty business jet follow his corporate plane on several trips around the world.
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He said the same flight would cost around $3,500 to $4,000 per person on a fully-booked business jet with around 10 seats.
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Pilatus is considering the flotation in order to raise funds for the production of its new PC-24 business jet, the source added.
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The two former employees claimed Caporella inappropriately touched them on several trips between 2014 and 2016 on a business jet, the Journal reported.
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The biggest thrust of opposition comes almost from a single source with a remarkable preference for the status quo: the business jet industry.
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Bellemare said the company's flagship Global 7500 business jet is in the final phase of certification with entry into service expected in 2018.
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It broke the record for the longest business jet flight when it flew from Singapore to Tucson nonstop, flying over 8,000 nautical miles.
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The embattled plane and train maker said, however, that it is confident that it could resell those business jet order slots at improved margins.
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The United States now accounts for just 60 percent of new business jet deliveries, down from 75 percent in the early 1990s, he said.
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About a third of overall business jet deliveries in the region in the last five years have been Bombardier aircraft, Bombardier said on Wednesday.
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The slump in sales has forced business-jet makers to offer more discounts and incentives to prevent buyers from canceling orders or delaying purchases.
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The Wall Street Journal reported in October that Immelt had an empty business jet follow his corporate plane on several trips around the world.
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It can fly up to 495 miles per hour, with a cruising altitude of 45,000 feet — not too shabby for a small business jet.
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Qatar Airways, which is already servicing 11 Gulfstream aircraft, has ordered 10 G700s to use in its Qatar Executive service business jet charter business.
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Plane manufacturers said the appetite for business jet sales in Saudi Arabia has dropped since the anti-corruption crackdown was launched in November 2017.
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Other companies to announce their non-attendance in recent days include business jet manufacturers Bombardier Inc, , Textron Inc and General Dynamics Corp's Gulfstream division.
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Business jet demand is recovering in the United States, thanks to a tax windfall handed to Corporate America by President Donald Trump in January.
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Analysts say there have been improvements in the overall business jet market, but new deliveries still remain well below the 2007 to 2008 peak.
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But it is an exercise with a purpose: Rolls-Royce will be able to test its business jet engines on the airplane as well.
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The launch of the two Praetor models - named after Ancient Roman officials - coincides with the business jet industry's flagship show in Orlando from Oct.
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The private- and business-jet industry — particularly small cabin operations — may have some untapped upside, as well, though it may be more cyclical in nature.
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Aerion is developing a 12-seater business jet that has the capability of flying direct from New York to Sao Paulo and London to Beijing.
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Business-jet makers have been forced to offer more discounts and incentives to prevent buyers from canceling orders or delaying purchases amid sluggish global growth.
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Not far from the LeapTech truck is another hangar containing a Gulfstream business jet that has been stripped bare and wired with hundreds of sensors.
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The test flight is a milestone for the long-range business jet, which is considered key to the growth of the company's corporate plane division.
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Among other stocks, Boeing Co shares rose 7.563 percent after the aerospace company said it made a significant investment in supersonic business jet developer Aerion.
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Cessna business jet maker Textron Inc is expected to report a higher first-quarter profit, helped by steady demand for its planes in North America.
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Honeywell said it was expecting much of the growth in business jet sales in the coming decade to be fueled by introduction of new aircraft.
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Chief Executive Alain Bellemare said last week Bombardier's focus was on its 108-seat CS100 and 130-seat CS300 models and a new business jet.
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The company forecast 2019 revenue to grow by 10 percent to $18 billion or more, driven by better deliveries of its Global 7500 business jet.
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The company will continue to ramp up business jet production in the first and second quarters, Chief Executive Officer Phebe Novakovic said on the call.
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Of the mainland China business jet fleet, 102 were made by Gulfstream, 80 by Bombardier, 37 by Dassault, 15 by Airbus and 10 by Boeing.
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Safran also said it was working on a new timetable for the Silvercrest business jet engine, whose certification has been delayed after a development glitch.
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A new plane costs around $2 million, about half as much as its closest rivals, and it was the most delivered business jet of 2018.
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Boeing will provide engineering, manufacturing and flight testing services for Aerion's $120 million supersonic business jet, which is slated for its first flight in 2023.
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Bombardier is in the middle of a broader restructuring, shedding underperforming commercial plane programs to focus on its more profitable business jet and rail units.
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Bombardier will record charges of $278 million in the fourth quarter on the move and separate cancellation of the business jet purchase orders, the company said.
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This usually means offering more in-flight movies, serving edible—perhaps even tasty—food, or, for the VIPs, fitting a faux fireplace into a business jet.
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Business jet demand has been growing steadily in the United States, the world's biggest market, on the back of an expanding economy and rising corporate profits.
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The precision components unit, its third biggest, produces a range of aluminum, hard metal and composite structures used in commercial, military, rotorcraft and business jet markets.
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But business jet makers are seeing even fewer choices of pre-owned aircraft available to buyers which they expect will boost demand for new corporate aircraft.
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Still, Canada's Bombardier sees its new $22 million Global 2122 business jet making inroads in Greater China against market leader Gulfstream's $220 million-plus G22018 family.
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Honeywell said on Thursday it lowered its sales and profit forecast range in part from fewer business jet and general aviation shipments in its aerospace division.
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The aerospace business has faced headwinds from an industry-wide slump in the business jet market as well as weakness in the defense and space markets.
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"Longer term, we're still conservatively planning for the business jet (original equipment) market to recover at the end of 2018 or in early 2019," Szlosek said.
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The death of Jim Prentice, the former premier of Alberta, in the crash of a business jet in British Columbia was felt across Canada on Friday.
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Still, Canada's Bombardier sees its new $2478 million Global 22 business jet making inroads in Greater China against market leader Gulfstream's $2122 million-plus G220 family.
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Gulfstream intends to deliver its first G600 business jet during the first half of 2019, Burns said on the sidelines of a GAMA event in Washington.
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But it also leaves Bombardier as the only large pure business jet maker, as opposed to rivals in aviation which also generate revenue from military sales.
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On Tuesday, Saab formally launched another militarized Bombardier business jet, dubbed GlobalEye, after selling the early warning and control system to the United Arab Emirates in November.
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Bellemare said the company would wait for the Global 7000 to enter service before deciding whether to go ahead with its sister business jet, the Global 8000.
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The company said starting in 2019, business jet sales are likely to see a steady growth of 3 to 4 percent for about eight to nine years.
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Cessna business jet maker Textron Inc is expected to report a higher first-quarter profit on Wednesday, helped by steady demand for its planes in North America.
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VistaJet has more than 70 private jets of various sizes and ranges, but one of them — a Bombardier Global 6000 business jet — is used exclusively by Flohr.
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The business jet market has struggled to recover since the financial crisis, with overall global sales last year about half of the 22.49,27.5 planes delivered in 27.4.
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According to Virgin Galactic, while a business jet from Los Angeles to Tokyo would take 11 hours, a hypersonic jet would make the trip in two hours.
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He left Japan late Sunday aboard a business jet from Osaka to Istanbul Ataturk Airport, where he boarded a second plane and flew to Beirut, they reported.
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His purchase of the Gulfstream V business jet still holds the title for the largest-ever single e-commerce transaction in the Guinness Book of World Records.
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Take Blake Scholl, the CEO of Boom, a startup that's working with Virgin Galactic to put a new supersonic business jet into service by the early 2020s.
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The twin-engine business jet was to be used to simulate microgravity by flying in parabolic arcs, near freefall, providing a way to test out the suit prototype.
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The plan for Affinity, once prototypes have been built and tested, is that Aerion's AS2, a 183-seat supersonic business jet, will be powered by three of them.
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"Deliveries in the business jet market are down, including somewhat at Gulfstream," General Dynamics Chairman and CEO Phebe Novakovic said during the company's third-quarter earnings call Wednesday.
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In 2017, business jet deliveries grew by 1.3 percent, rising from 667 to 676 units, according to figures released this week from the General Aviation Manufacturers Association (GAMA).
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The cut comes amid a broader restructuring plan by Bombardier, which is selling off its weaker performing aerospace programs to focus on its business jet and rail divisions.
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Manufacturers had hoped business jet sales would take off with the election of U.S. President Donald Trump, a jet setting Republican billionaire who promised tax cuts for corporations.
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A third X-plane in the works will be a supersonic business jet that's as large and as comfortable as current corporate jets – and potentially twice as fast.
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The company said it expects its largest unit - aerospace - to benefit from higher production of narrowbody aircraft even as it sees the business jet market to remain weak.
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As a result, a Hong Kong businessman returning home in his business jet may be denied landing and/or parking at HKIA due to slot restrictions, he said.
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Weakening or sluggish economies around the globe are taking a toll on business jet sales, forestalling an incipient recovery that had raised the hopes of planemakers last year.
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Business jet demand is recovering in the United States, thanks to a strong economy and a tax windfall handed to Corporate America by President Donald Trump last year.
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"We think Gulfstream business jet deliveries have found a bottom and the aerospace segment will begin growing again," Morningstar analyst Chris Higgins said in a pre-earnings note.
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This comes at a time when the Montreal-based company is in the middle of a broader restructuring, focusing on its more profitable business jet and rail units.
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In 2016, China's HNA Group spent an additional $100 million to turn one into a private jet — or, as Boeing calls it, a BBJ, or Boeing Business Jet.
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Business jet-maker Textron Aviation on Wednesday said it will furlough thousands of U.S. employees, as the rapid spread of coronavirus hurts the aviation industry and other sectors.
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Saab said the system, currently available on the out-of-production Saab 2000 turboprop airliner, would now be offered on Bombardier's Global 6000 business jet and the Q400 turboprop.
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They accelerate the engines to full power, roll a few hundred feet, then lift off at a speed that, compared that of similarly sized business jet, seems downright leisurely.
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Similarly, a business jet caught up with a Cathay Pacific aircraft from Beijing, meeting four nautical miles apart at 19,000 feet, around 40 nautical miles southwest of the airport.
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The companies said in April they were in talks to set up a new company focused on commercial aviation, excluding Embraer's defense division and possibly its business jet unit.
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Dassault is nudging up production rates on certain business jet models, and Trappier said pre-owned versions of its long-range, large cabin Falcon 7x were no longer available.
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Canadian rival Bombardier, which has 110 aircraft based in Greater China, last Friday opened its first business jet service center in the country in the coastal city of Tianjin.
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Honda (HMC) will begin selling its six-seat business jet known as the "Hondajet" in Japan next year, as it tries to expand the global market for the aircraft.
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Honda – Honda will begin selling its six-seat business jet known as the "Hondajet" in Japan next year, as it tries to expand the global market for the jet.
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TEHRAN — A Turkish business jet carrying eight passengers and three crew members crashed into a mountain in central Iran on Sunday, killing all on board, the Iranian authorities said.
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Some aerospace companies including business jet manufacturers Textron and General Dynamics's Gulfstream division said they no longer planned to attend the Singapore Airshow due to the new coronavirus epidemic.
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On his way out the door, Immelt found himself defending the company's practice of having an empty business jet follow his corporate plane on several trips around the world.
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Over the past four years, the Phenom 300 has been the best-selling business jet in the world by units delivered, said U.S. aerospace analyst Richard Aboulafia by email.
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News outlets in Turkey reported this week that Mr. Ghosn left on a plane from Osaka, Japan, late Sunday aboard a business jet and landed at Istanbul Ataturk Airport.
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According to the CEO, the new jet is cheaper and faster than many other options for those needing a helicopter or business jet for civil, commercial or humanitarian causes.
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The "Elegance" version has a cinema area, social lounge, office and meeting area as well as dining room and like the Boeing Business Jet, can hold up to eight people.
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Two days after the flight departed, Tsoy, the pop star, posted a picture of herself on Instagram from inside an aircraft that matches the interior of a Boeing business jet.
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Textron Chief Executive Scott Donnelly told analysts last week that Cessna was suspending work on its Hemisphere business jet until more was known about the future of the delayed engine.
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Turbulence in the business-jet market is rattling some investors, and even status jets like the Gulfstream G650 are showing signs of the stress as more go up for sale.
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Revenue from the business jet unit rose 225.4 percent to $10.363 billion as jet deliveries, another important metric, increased to 210.36 from 23.6 in the same quarter a year ago.
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Large planes account for over half of all business jet purchases each year, and for 80 percent of the industry's sales value, given the much higher prices they can command.
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The companies said in April that they were discussing the creation of a new company with Embraer's airliner business, leaving out its defense unit and "potentially" its business jet division.
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Jackie Wu, president of JetSolution Aviation Group, said weaker business jet sales have prompted her Hong Kong company to launch its first charter service using the supermidsized Embraer Legacy 600.
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The military variant of the Gulfstream IV business jet, the C-20G is used by the Navy and Marines for the transport of military leaders, government officials, and other dignitaries.
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The company itself set out the disadvantages of flying with a high cabin altitude on long journeys when it launched the business-jet version of the A320neo family in 2015.
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Just when it looked like the business jet market was ready for take off, there are new challenges: corporate executives caught in a waiting game for their shiny new planes.
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Chief Executive Alain Bellemare told analysts on a conference call the changes would allow the company to pursue "growth opportunities" in its stronger-performing rail, business jet and aerostructures divisions.
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Worldwide business jet sales took a hit during the financial crisis and have struggled to recover since, with 2017 aircraft deliveries only around half a peak of 1,317 hit in 2008.
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Forecasters and corporate planemakers expect higher business jet deliveries this year, fueled by the recent entry into service of new aircraft such as Bombardier's Global 7500 and U.S. rival Gulfstream's G500.
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Donnelly said the company has seen a rebound in business jet demand over the last three months, but remains cautious until positive economic sentiment leads to orders at a "fair price".
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Forecasters and corporate plane makers expect higher business jet deliveries in 2019, fueled by the recent entry into service of new aircraft like Bombardier's Global 5.4 and U.S. rival Gulfstream's G500.
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The business jet division registered an operating loss of 32 million reais for the first nine months of the year; Embraer's defense division had an operating loss of 443 million reais.
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"Conditions are more difficult than anticipated in both the business jet (original equipment manufacturing) and aftermarket businesses," Honeywell Chief Financial Officer Tom Szlosek said on a call with analysts on Friday.
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Separately, the aviation electronics company Rockwell Collins agreed to buy the commercial aircraft and business jet maker B/E Aerospace for $62 a share, or $6.4 billion in cash and stock.
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The two planemakers announced last month that they were in talks to set up a new company focused on commercial aviation, excluding Embraer's defense division and possibly its business jet unit.
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Business jet aircraft maker Gulfstream, a unit of General Dynamics Corp, said its plants in Savannah and Brunswick, Georgia, and West Palm Beach, Florida, were closed and should reopen on Monday.
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" At the same time, Eric Trappier, CEO of French-based business jet manufacturer Dassault, was quoted by Reuters on Wednesday as saying in a news conference that "the recovery is uncertain.
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"We are expecting around the end of this year," Fujino, who is also the chief engineer of the six-seater light business jet, said on the sidelines of the Singapore Airshow.
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The Global 7500, which entered service in 2018 as the company's largest business jet, is key for the Montreal-based company to hit its 2020 target of generating $20 billion in revenues.
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The company said it expects its business jet division to grow in 2019, but did not address the future of its defense division, which is largely dependent on contracts with Brazil's military.
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The Global 255, with a $2650 million list price, will compete with Gulfstream's G503, which has dominated the top end of the business jet market since its entry into service in 250.
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The interest-free loans, which come from a Canadian aerospace and defense fund targeting research and development projects, will be used for Bombardier's new CSeries jet and the Global 7000 business jet.
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Forecasters and corporate plane makers expect higher business jet deliveries in 2600, fueled by the recent entry into service of new aircraft such as Bombardier's Global 7500 and U.S. rival Gulfstream's G500.
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It previously had worked with airplane manufacturer Airbus on designs of its business jet, the AS2, and GE Aviation earlier this year announced it would work on an engine for the plane.
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Bombardier expects Canadian certification this month, a necessity if the Montreal-based plane-and-train maker is to begin delivering its flagship business jet to clients, Reuters reported this week citing sources.
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The smallest of small turbines could power a light business jet or serve as auxiliary power units in larger aircraft, starting the bigger engines and supplying electricity when parked at the gate.
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" Overall, the rating agency said it expects the stable outlook is justified given positive trends within aerospace and defense segments "offsets political risks, new aircraft program ramp-ups and business jet sector weakness.
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Business jet shipments have struggled to recover after the financial crisis, having been cut in half from their peak of 1,317 in 2008 to 661 in 2016, according to General Aviation Manufacturers Association.
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DUBAI (Reuters) - Spike Aerospace Inc has signed up its first orders and is close to selecting an engine for the $125 million supersonic business jet it is developing, its president said on Monday.
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The team, which flew in a Qatar Executive Gulfstream G650ER ultra long-range business jet, managed to beat the world record by 5 hours, 51 minutes, and 26 seconds, according to its website.
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MONTREAL (Reuters) - Business jet operators, already offering double digit raises to attract pilots, could face a labor shortfall in North America as they compete with U.S. airlines for talent, executives and analysts said.
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Earlier this week, Trappier said that the business jet, which had already been delayed to 2020, would have to be postponed again, after Safran informed Dassault of performance issues with the high-pressure compressor.
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The Providence, Rhode Island-based company, which is looking to boost its aircraft sales, said it was gearing up to certify its new Citation Longitude super mid-size business jet in the current quarter.
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In its latest forecast, Honeywell is expecting up to 753,600 new business jet deliveries worth $248 billion from 2020 to 2029, fueled by demand from corporate flight departments and the introduction of new models.
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Government opposition to a wholesale take-over of Embraer by Boeing led to the plan for a joint venture involving the Brazilian company's regional jet arm, but excluding its defense and business jet divisions.
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Merv Gray, plant chairman for Unifor local 6353, told Reuters by telephone that the 1,600 workers are looking for greater job security on the company's strong-selling Global 7500 business jet, among other demands.
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The Montreal-based plane and train manufacturer also raised its EBIT margin guidance before special items for its transportation and business jet divisions to approximately 1.983 percent for the year, up from 7.5 percent.
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DASSAULT AVIATION, SAFRAN: France's Dassault Aviation said it would drop a contract with Safran to develop a Falcon business jet engine and launch a new project powered by U.S. rival engine maker Pratt & Whitney.
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Gulfstream's G650 jets will continue to have unmatched flight range at the top end of the pure business jet segment until Bombardier brings the competing Global 7000 long-range jet into service this year.
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The Honeywell business aviation outlook is forecasting up to 8,300 new business jet deliveries worth $249 billion from 2017 to 2027, down 2 to 3 percentage points from its 10-year forecast in 2016.
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Also in the sky this week: Our reporter, who used a new self-landing technology to bring a $2 million business jet safely back to ground, even after its pilot faked a heart attack.
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Here is a timeline of Bombardier's evolution from a company selling snowmobiles decades ago, to a plane and train maker in recent years, and now – just a business jet maker after the Alstom deal.
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Here is a timeline of Bombardier's evolution from a company selling snowmobiles decades ago, to a plane and train maker in recent years, and now – just a business jet maker after the Alstom deal.
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Here is a timeline of Bombardier's evolution from a company selling snowmobiles decades ago, to a plane and train maker in recent years, and now just a business jet maker after the Alstom deal.
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Back in 2002, a group of investors led by Robert Bass formed a company called Aerion that aimed to harness innovative new drag-reducing technology to create a much more efficient supersonic business jet.
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"The 7X would become the first business jet to use fighter jet technology with an elegant, whisper-quiet executive cabin," Dassault explains of its digital flight control system, which automatically stabilizes the aircraft during turbulence.
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But they said key government concerns are addressed in the plan, which ensures that Embraer, which would keep its defense and business jet divisions, retains the engineering capacity necessary to design and build new aircraft.
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The plane and train maker said on Sunday it secured firm orders for four Global 20143 planes that were converted from options taken by Hong Kong-based business jet management company HK Bellawings in 22014.
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"There are several new and exciting aircraft models coming to market, which will drive solid growth in new business jet purchases in the midterm and long term," said Ben Driggs, president, Americas aftermarket, Honeywell Aerospace.
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The decision comes after repeated difficulties for the Silvercrest engine developed by France's Safran SA and forces some tweaking of plans by Dassault to refresh its fleet in the face of rising business-jet competition.
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Bellemare said there is a strong backlog for the new long-range business jet and Bombardier is working to get the Global 63's production up to 50 aircraft a year as quickly as possible.
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The company is counting on its recently-launched Global 55 business jet, which is sold-out through 23, to help lift annual revenue by 22 percent this year and to over $29.8 billion by 22.24.
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Gulfstreams are the top-selling business jet brand in China, where they compete fiercely against Bombardier's Global series and, to a much lesser extent, against the smaller Falcon models of France's Dassault Aviation SA (AVMD.PA).
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Aerion's business jet AS2, with a $120 million list price per jet, would be capable of running on synthetic paraffinic kerosene (SPK) biofuel, CEO Tom Vice said at a Wings Club event in New York.
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The plane and train maker said on Sunday it secured firm orders for four Global 22018 planes that were converted from options taken by Hong Kong-based business jet management company HK Bellawings in 20143.
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Unifor, the union representing the 1,600 workers, has previously said its members were looking for a three-year contract with greater job security on the company's strong-selling Global 7500 business jet, among other demands.
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The technology is an upshot of the avionics Cirrus and Garmin developed for the Vision Jet, an "entry level" business jet introduced in 2016 that's typically flown by the private owner rather than professional pilots.
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Business jet executives who are bringing new planes to market defended the U.S. Federal Aviation Administration (FAA)'s certification process, which has come under fire following the March global grounding of Boeing's 737 MAX jet.
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In the field of air traffic control (ATC), where Congress currently is considering sorely-needed modernization efforts, the business jet lobby is digging in to protect a system that helps them and harms everybody else.
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Aerospace and defence group Meggitt said Dassault Aviation would re-use most of the work done to date on the Falcon 5X business jet and that it intended to work with Meggitt on the successor programme.
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The lack of a full takeover offer for Embraer, including its defense and business jet operations, was a result of the Brazilian government's concern about the sovereignty of military programs, backed up by its golden share.
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The company is now hoping that its just launched Global 22 business jet, which is sold out through 2021, will help boost annual revenue by 10 percent this year and to over $20 billion by 2020.
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It reported no new problems with its delayed Silvercrest business jet engine and said a temporary fix for separate gearbox problems that delayed deliveries of the Airbus A400M military transporter would be introduced in coming weeks.
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The plan calls for constructing a six-ton unmanned, remote controlled plane the size of a business jet with 24 spinning propellers embedded in its huge moveable wings that allow it to magically hover in midair.
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Dassault Aviation, the French maker of Falcon private jets and Rafale warplanes, said on Wednesday the business jet market remained weak, with high stocks of unsold aircraft hampering a tentative recovery in benchmark second-hand trading.
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"We view 12.71Q2128 as solid and as evidence that Textron's management team has the potential to deliver despite challenges in the business jet and helicopter markets," J.P.Morgan analyst Seth Seifman wrote in a note to clients.
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Embraer's large business jet deliveries during the rest of the year will be concentrated in the freshly designed Legacy 450 and 500, helping to return the division to profitability, Curado told analysts on an earnings call.
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Canadian plane and train maker Bombardier Inc used more cash than analysts had expected in the third quarter as it ramped up production of its flagship Global 7500 business jet and pushed back some train deliveries.
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In December Aerion, an aerospace start-up from Nevada, Lockheed Martin, a defence giant, and GE Aviation, an enginemaker, announced a joint venture to develop what they are calling the world's first supersonic business jet, the AS28.
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Last month, Dassault Aviation announced plans for a new long-range business jet, renewing a battle with Gulfstream at the top end of the market as demand for the ultimate status symbol recovers from a prolonged recession.
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French planemaker Dassault Aviation will nudge up production rates on certain business jet models, including its Falcoln 1003x and 2000 jets, Chief Executive Eric Trappier said on Monday, a sign of broader industry demand for corporate aircraft.
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"Now ... while you can still get a Gulfstream 2110 for around $2500 million for a new one, you can get an extremely adequate aeroplane for $53 million," said David Dixon, president of business jet brokerage Jetcraft Asia.
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"Business jet weakness is a source of concern to us and has the potential to materially slow down the pace of restructuring progress if it worsens," said an analyst following the company who asked not be identified.
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Embraer already cut nearly 8 percent of its workforce this year through voluntary buyouts and is aiming to reduce annual operating costs by $200 million amid weak business jet demand and a downturn in Brazilian defense spending.
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Results from Cessna business jet-maker Textron, equipment renter United Rentals and hand tools maker Snap-on Inc, which slid between 13 percent and 9.23 percent, only served to show corporate profit has little room to grow.
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The day I flew with ABoVE, aboard a modified Grumman Gulfstream III (GIII) business jet that Griffith, the program's chief support scientist calls "the truck," we zig-zagged back and forth around the western coastal town of Nome.
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Dassault is keeping its options open for the new long-range Falcon 5X business jet, Trappier said on the sidelines of a company event in Las Vegas during the National Business Aviation Association's (NBAA) flagship gathering this week.
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General Electric's GE Aviation unit has completed initial designs for a purpose-built engine for Aerion's AS2 jet, which could be flying in five years, the companies said on the eve of the world's largest business jet show.
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SINGAPORE (Reuters) - Aerion Supersonic, the developer of a $75003 million supersonic business jet, has signed provisional purchase contracts with wealthy customers as it looks to greenlight the project over the next 18-24 months, a senior executive said.
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The results showed Montreal-headquartered Bombardier faces pressure in its higher-margin business jet segment because of a downturn in global demand, even as it works to win customers for its new CSeries program of narrow body aircraft.
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The company has said first deliveries are due to be made to clients in the final quarter of 2017 and the aircraft is the first business jet which can take off from and land on short, unprepared runways.
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GENEVA (Reuters) - Business jet manufacturers are locked in a price battle as deliveries of new aircraft remain weak and recently sold aircraft come back onto the market at attractive prices, delegates at an annual corporate jet convention said.
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This has driven planemakers to cut prices by at least 5-15 percent on the list prices of mostly midsize and large business jet models, the most severe in the past four years, according to analysts and dealers.
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Honeywell on Friday reported a higher-than-expected quarterly profit as it sold more aircraft parts and services to business jet and commercial airline customers, prompting the company to raise its 8.33 earnings forecast for the third time.
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The new jets are expected to receive certification in 22020, ahead of delivery by the end of next year and will drive a "premium price," Masluch said by phone from Geneva, ahead of the EBACE business jet show.
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Bombardier is currently burning cash as it seeks certification for its ultra long-range Global 7000 business jet and ramps up production of its now money-losing CSeries narrowbody jets which are only expected to break even in 2020.
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In a 2015 memo sent to congressional staff members that was reviewed by The Times, the General Aviation Manufacturers Association, which represents the business jet unit of Boeing, urged lawmakers to "fully implement" the so-called system of delegation.
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A 22018-year outlook by Honeywell Aerospace ahead of the Orlando convention forecasts up to 7,700 new business jet deliveries worth $251 billion from 2019 to 2028, up 1 to 2893 percentage points from the 2017 10-year forecast.
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TO> has no plans to scrap its ultra-long-distance business jet, the Global 8000, and will shift resources to the project following the completion of test flights for the shorter-range Global 7000, a spokesman said on Thursday.
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"The business jet is going to appeal to private owner-operators, fractional operators and corporate flight departments but this can also be used by airlines as an upgrade from economy to business to first to supersonic class," Kachoria said.
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A 10-year outlook by Honeywell Aerospace ahead of the convention forecasts up to 5003,700 new business jet deliveries worth $251 billion from 2019 to 2028, up one to two percentage points from the 10-year forecast in 2017.
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Menendez said Pompeo's most recent trip to Kansas last week - apparently at the expense of the Department of State - involved a workforce development roundtable at Wichita State University, a visit to a business jet production facility and student meetings.
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To meet demands by wealthy travelers, business jet manufacturers are increasingly filling their cabins with hotel-style features, previously seen only in converted commercial aircraft, by harnessing lighter-weight materials and technology that do not compromise a plane's range.
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MONTREAL (Reuters) - Canadian aircraft leasing company Global Vista, one of the largest customers for Bombardier's long-range Global 7500 business jet, said on Thursday it expects greater demand for the plane after Canadian and U.S. regulators certify the aircraft.
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"I don't think people want to be stuck in a can at 22026,000 feet for 20 hours ... [and] the business jet market is just ripe for disruption – it's only gone up 10% in speed in 60 years," Vice said.
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Bombardier's larger cabin planes compete against General Dynamics Corp's Gulfstream, whose G650 business jets will continue to have unmatched flight range at the top end of the pure business jet segment until the largest Global enters service this year.
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While a hefty supply of used aircraft has prompted planemakers to lower production volumes of new corporate aircraft in recent years, some forecasters expect business jet sales to pick up between 2019-2027, in line with global GDP growth.
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Flight-tracker websites showed a Gulfstream IV aircraft, a type of business jet owned by the Turkish government, take off from Dalaman airport, which is about an hour and a quarter's drive from Marmaris, at about 10:40 p.m.
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About the size of a business jet, Phantom Express will take off like a rocket, boost itself beyond the atmosphere and release an expendable second-stage rocket and satellite, then turn around and land like an airplane on a runway.
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The partial government shutdown is also affecting the certification program for U.S. business jet maker Gulfstream Aerospace's new G600 corporate plane, along with other "facets of our business," a company spokeswoman said on Monday by email, without providing further details.
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Two pilots have filed lawsuits alleging sexual harassment by the billionaire behind LaCroix sparkling water, claiming 82-year-old Nick A. Caporella inappropriately touched them on multiple trips while they were flying with him in the cockpit of his business jet.
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NASA is building the X-2099 to eventually spur commercial development of a 22023- to 259-seat business jet, about the size of what Aerion, Spike, and Boom are proposing (though none of the three startups have yet built a prototype).
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And in a potential boost to efforts to bring back faster air travel, the developer of a $120 million supersonic business jet, Aerion Supersonic, said it would be able to take off and land without regulatory changes in the United States.
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MONTREAL (Reuters) - Bombardier Inc expects to hire around 1,000 workers in Montreal over 18 months, as the Canadian plane and train maker ramps up production of its new Global 7000 business jet, three sources familiar with the matter said on Wednesday.
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Montreal (Reuters) - With its new long-range business jet just preparing to take flight, Bombardier is banking on sales of new products and maintenance packages to help it drive promised double-digit revenue growth for its aftermarket service business this year.
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In addition, there's a crop of new planes coming on the market, starting with the newest addition to the list of business jet manufactures, Honda Aircraft, which recently delivered the first HondaJet in Europe after receiving its flight certification last year.
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Enter the Antipode, a 10-seater business jet designed to use a different form of aerodynamics, known as long-penetration mode, to cool the nose of the plane as it flies, allowing it to withstand the high temps of mach speed.
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"The biggest factor that impacted the business jet market was pessimism and uncertainty which stalled purchase intentions or forced those marginal owners to reconsider keeping their business jets," said Jeffrey Lowe, managing director of Hong Kong-based Asian Sky Group.
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PARIS, July 26 (Reuters) - Dassault Aviation, the French maker of Falcon private jets and Rafale warplanes, said on Wednesday the business jet market remained weak, with high stocks of unsold aircraft hampering a tentative recovery in benchmark second-hand trading.
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Thanks to demand from China's newly minted billionaires and globally minded state-owned enterprises, the growth of its business jet fleet has outpaced that of other countries in the region, making it a key target market for private jet makers.
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The Long Island airport, primarily catering to general aviation and business jet traffic will remain open under uncontrolled conditions leaving aircraft to communicate directly with each other when on the ground and in the proximity of the airport in the air.
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Business jet deliveries are being underpinned by the ramp-up of new models by manufacturers like Bombardier Inc and General Dynamics Corp unit Gulfstream Aerospace that offer longer ranges and amenities such as beds and hot showers at 40,000 feet.
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The announcements come ahead of the world's largest business jet show, which kicks off on Tuesday featuring new large corporate planes that can fly farther, services like fast wifi at 40,000 feet and an industry push toward sustainable aviation fuels.
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In January 2017, wake turbulence behind an Emirates A380 sent a business jet into an uncontrolled descent, with the smaller plane losing nearly 9,93 feet before the crew was able to gain control, according to an interim report by German investigators.
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Flight tracker websites showed a Gulfstream IV aircraft, a type of business jet owned by the Turkish government, take off from Dalaman airport, which is about an hour and a quarter's drive from Marmaris, at about 2240 GMT on Friday.
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The higher-end business jet market generally recovered faster after the Great Recession than the lower-end market, but it was then hurt again about two years ago by declining commodity prices, especially oil, as well as weakness from emerging markets.
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Embraer chief executive Paulo Cesar de Souza e Silva said on Sunday the deal with Boeing would also deliver advantages in materials purchasing for Embraer's business jet division, but that it was too early to say how much it would save.
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A senior Turkish official confirmed to Reuters that Erdogan's business jet had been harassed while flying from the airport that serves Marmaris by two F-16s commandeered by the coup plotters but that he had managed to reach Istanbul safely.
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Bombardier, now halfway through a turnaround plan after facing a cash crunch in 2015, is counting on deliveries of the long-range business jet to achieve a 25 percent jump in total company revenues to $20 billion by 2020, compared with 2017.
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Besides creating a single aviation division headed by business aircraft president, David Coleal, the company said it will consolidate its five aerostructures businesses to focus on facilities in Montreal, Mexico and its newly acquired Global 7500 business jet wing operations in Texas.
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"You have a business jet type travel experience, you walk on and off, perhaps without any security, you get to places a whole lot faster because you're flying out of small airfield, and you're not paying more than commercial economy," Kumar said.
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PARIS (Reuters) - Dassault Aviation SA said on Wednesday it was scrapping development of its Falcon 5X business jet due to delays and technical problems with its French-supplied engines and pledged to launch a new model powered by a rival Canadian supplier.
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WASHINGTON (Reuters) - A federal safety board on Tuesday blamed a Florida-based air charter company and its flight crew for the crash of a Hawker 700 business jet that killed nine passengers and crew when it plowed into an apartment building last year.
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But the U.S. National Transportation Safety Board also said the Federal Aviation Administration had played a role in the crash, failing to provide adequate oversight of pilot training and flight operations at ExecuFlight LLC, the charter company that operated the business jet.
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In January 2017, wake turbulence behind an Emirates A380 sent a business jet into an uncontrolled descent, with the smaller airplane losing nearly 9,000 feet of altitude before the crew was able to gain control, according to an interim report by German investigators.
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Special Report: Business Aviation TAIPEI — In the mid-1980s, more than three decades after Mao Zedong's communist revolution, David Dixon was one of the first capitalists allowed by a wary Beijing to fly over China in a business jet — with an escort.
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Greater China is the world's second-largest business jet market behind the United States and had seen annual growth of up to 49 percent before 2012, when President Xi Jinping launched a fierce crackdown on corruption that has discouraged conspicuous displays of wealth.
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Chief Financial Officer John Di Bert said the company would scale back investment in the CSeries next year, even as it boosts spending on the high-end Global 7000 business jet, which is expected to enter service at the end of 2018.
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PARIS, Dec 13 (Reuters) - Dassault Aviation said on Wednesday that it would drop a contract with Safran for the development of the Silvercrest business jet engine and that it would a launch a new project powered by U.S. airplane engine maker Pratt & Whitney.
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Since the grounding, Boeing's only other orders were a single 737 Max from a business jet customer in September, and an order for four Max aircraft in April — the order appeared to have been converted from another order for a different plane type.
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MONTREAL, Nov 15 (Reuters) - Bombardier Inc expects to hire around 1,000 workers in Montreal over 18 months, as the Canadian plane-and-train-maker ramps up production of its new Global 7000 business jet, three sources familiar with the matter said on Wednesday.
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Although business jet sales are flat, Haloburdo expects demand for corporate pilots and maintenance technicians to pick up after 2018 as airlines boost recruiting efforts and popular new planes hit the market from Bombardier and Gulfstream, also a division of General Dynamics.
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David Dixon, president of Jetcraft Asia, a business jet brokerage based in Hong Kong, said he had seen signs of a less buoyant market in China - slower order flow, deferment of delivery, and cancellation of orders, but also signs of maturing customers.
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The company said it will create a single aviation division headed by business aircraft president, David Coleal, and will consolidate its five aerostructures businesses to focus on facilities in Montreal, Mexico and its newly acquired Global 7500 business jet wing operations in Texas.
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ZURICH, Dec 9 (Reuters) - Swiss plane maker Pilatus's development costs of "well over 500 million Swiss francs" ($504 million) far exceeded the original budget for the company's first business jet, Chairman Oscar Schwenk told the Neue Zuercher Zeitung in an article published on Saturday.
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With a length of 21998 feet (2250 meters), a wingspan of 2000 feet (35 meters), and a gross weight of 25,600 pounds (12 tonnes), the Global Hawk is comparable in size to Lockheed Martin Corp's U-2 reconnaissance aircraft or a small business jet.
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On the business jet side, Dassault said it expected some cancellations for its future Falcon 5X after a three-year delay in engine certification because of difficulties in the development of the SilverCrest power plant led it to push back first deliveries to 2020.
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Fractional ownership is a viable situation for people who need to fly in a business jet, but either don't fly enough to warrant purchasing a plane outright, or don't have access to the capital required — a Phenom 300 is listed at around $9.45 million dollars.
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MONTREAL/ZHUHAI, China (Reuters) - Chinese companies and individuals are selling more used private planes than in previous years as economic growth slows in China, and U.S. buyers are snapping up hard-to-find models, according to interviews with business jet analysts, dealers and consultants.
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Half of this year's sales so far have landed in the United States, Hall said, where a sluggish business jet market in the aftermath of the 2008 financial crisis is turning around partly due to more favorable U.S. tax laws for corporate aircraft ownership.
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ORLANDO, Florida, Oct 15 (Reuters) - Aerion Supersonic, the developer of a $120 million supersonic business jet, said on Monday it would be able to take off and land without regulatory changes in the United States in a potential boost to efforts to bring back faster air travel.
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Revenues from sales of the 70003 and 6500 will be part of Bombardier's five-year turnaround plan that leans heavily on delivery of its flagship, Global 7000 business jet to achieve a 25 percent jump in total company revenues to $20 billion by 2020, compared with 2017.
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The use of a spare business jet by former General Electric CEO Jeff Immelt was kept from board members until just this month, The Wall Street Journal reported on Sunday — a practice that reportedly drew internal scrutiny several years ago and that Immelt himself claims he didn't know about.
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The company that gave the world the Honda Civic, which revolutionized compact cars in the United States in the 1970s, is betting its $4.5 million dollar, six-seater light business jet, the first aircraft developed by an automaker since World War Two, will expand the fuel-efficient private jet market.
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On a call with analysts, Embraer executives had said they expected about a fifth of Boeing's $3.8 billion payment for a new commercial jet venture would go to taxes and the rest could be split between share buybacks, deleveraging, special dividends and investment in future defense and business jet projects.
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Bombardier, in the middle of a deep restructuring, is counting on sales of its Global 27500 and other new large-cabin aircraft, the Global 6500 and 5500, which enter service next year, to boost its business jet division revenues to $8.5 billion in 2020, up from about $5 billion in 2018.
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"This would be a technical measure as we already seek approval for our business jet engines from Germany, and we do not anticipate such a move would lead to the transfer of any jobs from the UK." Rolls added that no decision had been taken on whether to press ahead with the plan.
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Bombardier, which considered bankruptcy in 2015 after facing a cash-crunch, is in the middle of an aggressive turnaround plan that leans on the delivery of its new long-range, Global 93 business jet to achieve a 25 percent jump in total company revenues to $20 billion by 2020, compared with 22018.
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According to Merriam-Webster's press release, other, more valuable additions also include: "qapik," the currency in Azerbaijan; "bizjet," as in business jet; "arancini," or deep-fried rice balls; "macaron," a type of French cookie; "yowza," another exclamation; "zen," which many thought was already included; "twerk," the viral dancing style; and "sriracha," the hot sauce.
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As it did in February, Bellemare said Bombardier will simultaneously be "strategically hiring" for its growth areas: The CSeries family of narrowbody jets and its Global 7000 business jet, which is expected to make its first flight next month in a boost for a plane whose entry into service has been delayed two years.
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Read more: This compact tiny home on wheels was designed to look like a spaceship"We are excited to be the launch customer of the G700, the largest business jet in the industry, and are looking forward to the aircraft joining our fleet," CEO of Qatar Airways Akbar Al Baker said in a prepared statement.
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"In line with its stated focus of creating a healthier and a more resilient business, Jet Airways has been implementing several measures to help it reduce cost as well as realise higher revenues, for desired business efficiencies," the company said in response to Economic Times without specifically mentioning the 60-day deadline given to employees.
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MONTREAL, Feb 20 (Reuters) - Canadian train-and-plane maker Bombardier will deliver a handful of its new flagship Global 7500 business jet to customers during the first half of 2019, with the remaining 10-15 deliveries expected during the back half of the year, chief financial officer John Di Bert told an investor conference on Wednesday.
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Reporting for the Financial Times, Tanya Powley noted that the number of business jet flights from Hong Kong — a destination close to the outbreak's epicenter — to North America and Australia was up 214 percent year-over-year in January, and the number of flights from Hong Kong to locations around the globe was up 34.2 percent-year-over year.
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The partial government shutdown is also affecting the certification program for U.S. business jet maker Gulfstream Aerospace's new G600 corporate plane, along with other "facets of our business," a company spokeswoman said on Monday by email, Savannah-based Gulfstream, a division of General Dynamics Corp had previously expected to obtain FAA certification or approval for the G600 by late 2018.
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The category impacted by the potential tariffs would include General Dynamics Corp's popular Gulfstream G550 and G650s and the larger Boeing Business Jet 1 that competes against models from European rival Airbus SE. "Our view is that trade war benefits nobody," said David Velupillai, marketing director at Airbus Corporate Jets at a press conference on Monday ahead of the Asian Business Aviation Conference & Exhibition in Shanghai.
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