You’ve no doubt seen the recent headlines of U.S. President Barack Obama’s historic visit to Cuba. Not surprisingly, the interest in traveling to this beautiful island has drastically increased as well. 376 more words
Tags » Business Aviation
The largest business aviation operator out of Hong Kong International Airport, Metrojet, will be celebrating 20 years of operation on 17th June 2017, an achievement which makes them proud, as pioneers according to Kitty Lau, the company’s senior marketing and product development executive. 38 more words
The British Business and General Aviation Association (BBGA) addressed the issue of business aviation travel’s image as being just for the rich and famous at their annual conference in London last month. 123 more words
French aircraft manufacturer, Dassault, has announced that its Falcon 8X business jet is now in the final stages of FAA and EASA certification.
After accumulating over 650 flight hours in 325 flights, the three 8x’s have almost completed the certification test requirements, and now begin to demonstrate performance and reliability in testing that will take them over Europe, the Middle East, Asia and America. 13 more words
Winter in the U.S. Midwest often involves plenty of time indoors. My family tends to spend a fair amount of that time watching movies, and one of our recent viewings was, “The Wizard of Oz,” which got me thinking about how the final scene can be analogous to many of us in the aviation industry. 687 more words
SUMMARY: The Bombardier G7000 is the next crisis at Bombardier, the ultra long range market for VIP aircraft above $75 million has averaged only 18 Airbus ACJ and Boeing BBJ VIP aircraft per year since the late 1990's, so where is the market for the G7000 ? This is another crisis coming at Bombardier that has not been talked about, but competing again against Airbus and Boeing in a very small market (like the CSeries) is another recipe for even more troubles at Bombardier, when you get +100% more aircraft (volume in ft3 and cabin floor in ft2), therefore more comfort and very comparable range (if needed) with the A319ceo/neo and BBJ/BBJMax7 offering. Myopia has blinded the company's ability to have real foresight and intellectual insight into where they are going with the G7000 and off course the CSeries and the Canadian taxpayers are suppose to bailout this Canadian tax avoiding, job discriminating and mismanaged corporation ? The 39 x Q400 orders and a few options means the line is good till July, 2019 at BEST while the 79 x CRJ orders and few options mean that line is done by May, 2018 at BEST. While the CSeries will struggle, the remaining Commercial Aircraft products are dying a slow death and no way will the 5 year Transformation Plan get to $14.9 billion in Aerospace revenue. While the 'cash cow' Global 5000/6000 production rates are cut further from their high of 80 in 2014 (once 43% of Aerospace revenue), there is little left in existing Commercial and Business aircraft products to sustain the company's revenue ambitions past 2020. The G7000 is heading in the same direction as the CSeries, into a small market segment dominated by the duopoly of Airbus and Boeing, where margins are very low to nil, low demand and low margins combined will create an eventual financial meltdown. Bombardier just got it all wrong, and you cannot change the market, it is what it is. Lastly, Canadian taxpayers will soon have "invested" $C 2.0 billion to own 2/3 of the CSeries program that is destined for failure, a program that Airbus, Boeing and Embraer did not want to buy, but our "corporate welfare" program will ensure that Bombardier cleans up it's financials by dumping the program into a separate limited corporation that we Canadians will be stuck with, hell or high water. While Canada's government runs up a huge $C 30+ billion budget deficit and will surely cut back on many programs for Canadians, yet support Bombardier at all cost, as we sadly already have +25% of our children in Toronto and Montreal living below the poverty line. But off course saving Quebec (which had 7 high profile politicians arrested just last week as its massive corruption culture is further exposed to the world) based Bombardier (where the Liberals have 40 seats and the Prime Minister's home province) is more important politically than looking after down and out Canadians.
I have covered Bombardier’s problems with the CSeries a great deal over the past 3 years, and anyone who has read the articles should by now know that I have been accurate with my predictions of low sales, becoming a ‘penny’ stock, President/CEO Pierre Beaudoin’s move up but unfortunately not out to predicting that Bombardier would try and get out of the CSeries program ‘somehow’. 3,774 more words