Business Jet Traveler » October 2009

October 1, 2009
Cessna Aircraft is moving on after parent Textron formally canceled the large-cabin Cessna Citation Columbus program. The decision came a little more than two months after Textron suspended development of the widebody jet due to the economic downturn. Textron reported a net loss of $58 million in the second quarter, compared with a $258 million profit in the year-ago period.
October 1, 2009
“Those last couple of laps it felt like my whole life kind of flashed before
An afternoon drizzle fell over the grounds of the Grande Prêmio do Brasil as the banshee wail of the fastest racecars in the world ricocheted through the team paddocks. It was November 2-the final lap of the last race of the 2008 Formula One season.
October 1, 2009
While bigger fractional ownership providers are scaling back, Clearwater, Fla.-based Avantair plans to add six more Avantis to its fleet before year-end. CEO Steven Santo attributes the growth partly to the operating economics of the twin-turboprop Avanti, which has a cabin equivalent to that of a midsize business jet, a maximum cruise speed of more than 400 knots and low fuel burn.
October 1, 2009
The G350 won’t get you to China on a single load of fuel, but if all you need
Well, the 1970s are back. Yes, the decade that spawned stagflation, the Misery Index, badly built automobiles and lowered thermostats seems to be making a reappearance.
October 1, 2009
In the latest annual product support survey by BJT sister publication Aviation International News, readers rated Gulfstream number one for both newer and older business jet support, while Pilatus scored highest for new turboprops and Mitsubishi topped the rankings for older turboprops. In the newer jets category, Cessna came in second, followed by Boeing BBJ in third place.
October 1, 2009
Startup private jet provider Jet Republic, which planned to launch a fractional share business in Europe, suspended operations at its Portuguese subsidiary in August. As a result, Bombardier announced the cancellation of the order Jet Republic placed last year for 25 Learjet 60XRs, worth $340 million, as well as options for another 85 of the midsize twinjets.
October 1, 2009
In the latest annual product support survey by BJT sister publication Aviation International News, readers rated Gulfstream number one for both newer and older business jet support, while Pilatus scored highest for new turboprops and Mitsubishi topped the rankings for older turboprops. In the newer jets category, Cessna came in second, followed by Boeing BBJ in third place.
October 1, 2009
A federal bankruptcy judge in Albuquerque, N.M., has approved a $40 million offer from Eclipse Aerospace to buy the assets of the former builder of Eclipse 500 very light jets. The new company said its first order of business is to get parts flowing to owners, followed by performing modifications and upgrades to in-service airplanes.
October 1, 2009
Bombardier says it is on pace to deliver its Learjet 85 model beginning in 2013. The manufacturer reports orders for nearly 60 of the $17.2 million (2008 dollars) aircraft, which are expected to become the first certified all-composite Part 25 business jets.
October 1, 2009
Richard Santulli resigned as chairman and CEO of NetJets, which has been owned by Warren Buffett's Berkshire Hathaway since 1998. [See related stories on pages 4 and 50.--Ed.] Santulli founded the firm, which introduced the fractional-ownership concept, in 1986. He will remain with the company as a consultant for at least a year.

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“I have an obligation to get you to your destination. You have an obligation to pay. What else is there? We don't need 24 pages of legalese.”

-VistaJet founder and chairman Thomas Flohr, on the company's unusually brief, easy-to-understand contracts