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A Five Star
Welcome
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Our five-star treatment doesn’t only stop
at the newly refurbished La Valette Lounge.
With services ranging from Meeting and
Greeting, Chauffeur service, Porterage and
much more, we offer a complete luxury
experience to members and one off clients.
Contact us for more information.
EXECUTIVE
TRAVELLER
BUSINESS AVIATION
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The future of business jet production
and the business aviation industry
An analysis by Andrea Trapani.
A growth of between 4 and 5 percent is projected
for the next 10 years in the business aviation
industry. The demand is always for bigger, wider,
large-cabin business jets, hence, the overall value
predicted for the sales of business aircraft is
definitely on the increase.
According to Honeywell, a key player in product
innovation related to the aviation and aerospace
industry, the total number of new business jets
delivered throughout 2013 will be somewhere
between 600 and 625, which is down on the 672
business jets that were delivered in 2012. However,
Honeywell attributes this decline to programme
delays rather than falling demand. As with 2014
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projections, the company predicts a better picture
for the industry and deliveries are anticipated to
be up modestly, reflecting recovery in supply side
constraints and some gains linked to the projected
pace of global economic recovery.
Aircraft operators plan to replace around 28 per
cent of their fleets with new business jets in the
next five years and large cabin business jets are
expected to make up 75 to 80 per cent of all new
business jet purchases in the short term, the
majority of sales accounting to more than 50%
being made in North America.
Bombardier’s Global Express was once again the
most utilised business aircraft to date during 2013
and one can also notice a significant increase in
flight activity for the Phenom 300, the King Air 350
and also for the Citation CJ4 aircraft.
The business aviation industry in general
has registered rough times in the recent past
especially with regards to the European market
and with special reference to small - and medium sized jets. A decline of 3.5 per cent was registered
in overall business jet charter, however, the
trend is that larger jets are becoming more and
more popular with business jet travellers which
is considered as positive for the international
business aviation industry.
The Global 6000