Page 36 - AAA NOVEMBER-DECEMBER 2012 Online Magazine

BUSINESS JETS

PRIVATE JETS

Pre-owned business
aircraft market sees
mixed results

JETNET, provider of corporate aviation
market information, has released
the year-on-year results for the pre-
owned business jets market. According
to JETNET, though business jet sale
transactions increased 6.6% in August
2012 as compared to the year before,
inventory of used business jets fell
slightly to 13.7% of the in-service fleet.
However, the average asking price has
reportedly fallen slightly by 1.1% to
Bombardier secures orders executive jets US$4.588 million.

An undisclosed customer has ordered four Global 6000 and one Global 8000 aircraft
from Bombardier Aerospace, a deal valued at around US$300 million. This is in addition
to another similar firm order for six Global 6000 jets from another undisclosed party,
worth around US$350 million, which was announced less than a week later.

Business aviation edged
out of DXB?
Emirates Airlines and Flydubai are
reportedly expanding so quickly that
business aviation service providers are
TUI to lease E190s Convenience, or too being gradually nudged out of Dubai
International Airport (DXB), said a
via Jetairfly complicated? Flight International article earlier this
TUI Travel, a global leisure travel According to a Chinese newspaper, year, with a few providers, including
company, has become one of Embraer Chinese citizens may consider ExecuJet and Jet Aviation, expected to
E-Jets’ customers, said Embraer earlier purchasing a private jet if their wealth relocate to the new Dubai World Central
this year. According to the manufacturer, amounts to five billion yuan (US$797 (DWC) airport. However, there have
TUI signed an agreement with BOC million) and they spend at least 300 been some negative responses, as DWC
Aviation, a Singapore-based aircraft hours a year in the air. However, though is not as conveniently located as DXB
leasing company, to lease two Embraer they may browse to their hearts’ content and construction is not yet complete.
190 jets. Delivery is scheduled for 2013 at events like the Beijing International However, Richard Talian, Dubai Airports’
to Jetairfly, TUI’s subsidiary. Jetairfly’s Business Aviation Show, the article also SVP for strategy was reported to have
CEO Elie Bruyninckx said, “With the noted that buying a private jet is not a said, “Although the increased pressure
E190, we can reduce the number of simple decision. Issues to consider on capacity at Dubai International
costly triangle and intermediate-stop include the additional cost of taxes, will mean that accommodating the
flights that are necessary with our insurance and annual management requirements of business aviation
larger airplanes to consolidate loads fees. For example, a China-registered will become increasingly challenging,
in smaller markets. That means more private jet will be taxed 22.85%, while we do not plan to enforce any policies
non-stop flights and shorter travel the insurance fee is usually 4% of the which effectively force the sector into a
times for our passengers.” jet’s value, reported the newspaper. wholesale move.”

36 ASIAN AIRLINES & AIRPORTS NOVEMBER / DECEMBER 2012 WWW.ASIANAIRLINES-AIRPORTS.COM