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Pilots Blog

Green shoots?

In a new study, just released by Forecast International, "The Market for Business Jet Aircraft", the authors predict 11,277 business aircraft (worth $1.97 Billion) will be produced between 2009 and 2018. They anticipate orders steady at just over 700 for 2010 and 2011, with a rise in 2012 and thereafter. What we don't necessarily know is how world events will impact on the industry or, indeed, where all the new orders will come from, although Asia is looking a good bet. In the US, the lead market, there are a large number of relatively modern aircraft in operator and corporate fleets, but with uncertainty over fuel costs and the Obama adminstration's approach to business aircraft, the manufacturers are having to be creative with new designs and particularly with regard to fuel efficiency.

With the US wrestling with a budget deficit of $1.6 trillion, or 10% of GDP, it seems unlikely that any US Government departments will be ordering new aircraft anytime soon!

Light Jets in Europe

The 3rd VLJ-Europe conference was held recently at London Oxford Airport. Just over 100 industry professionals from 16 countries met to review how the light jet and air taxi model was progressing.

The event included presentations from all the disciplines involved in the support, supply and operation of light jets around Europe.

By popular vote the event will be re-branded for next year as Light Jets Europe, 2010.

This video is currently offline. Please contact MIU for more details.

In this sample clip from the operator's afternoon session you can gain a flavour of the issues debated and the varying opinions of the operators concerning aircraft deployment and turnaround.

The full event video and a download of the proceedings are available from the archive by clicking the archive menu button on the left of the home page (above) or go direct to http://www.miuevents.com/archive/vlj-e09 or contact us on email at admin@miuevents.com or by telephone on +44 208 332 2211.

Quote of the Week

Latest News

"The industry expectation several years ago that VLJs would bring low cost business aviation has not happened....the reality is that while operating VLJs costs less than operating larger business jets, it is by no means cheap" - Patrick Margetson Rushmore, CEO, London Executive Aviation, speaking at MIU's September VLJ-Europe 2009 conference at London Oxford Airport.

"VLJ tends to be a dirty word with the finance and insurance sector" - Aoife O'Sullivan, Partner, Gates and Partners, speaking at MIU's September VLJ-Europe 2009 conference.

"In our research we found that people were not looking for luxury, it was efficiency and opportunity for doing business.....the elusive quality of time....that was the fundamental reason for using private aviation" - Stefan Vilner, CEO, JetBird speaking at MIU's September VLJ-Europe 2009 conference.

 

MIU - Our events

MIU Events run aviation events and training seminars. We specialise in executive flight infrastructure, business aviation and finance solutions for aviation as a whole. We run a number of events focusing on the development of the Very Light Jet in regional markets. Our events are designed to cater for senior managers, charter/air taxi operators, high net worth individuals/entrepreneurs, owner pilots and those who shape the future of the aviation and aerospace industries. We concentrate on providing hard to access information and the exchange of ideas, knowledge and innovative thinking. An overview of the year ahead is provided below.

2010 Event Schedule

Indian Business Aviation Expo 2010

Transport analysts and consultants have predicted that India will see a wholesale movement of passengers from rail to low cost air carriers as the Indian economy gathers pace. It has been described by some as the biggest potential shift in transportation habits in history with some 400 million Indian nationals expected to be airborne by 2020.

Inevitably this will put a strain on the existing aviation infrastructure in India and as a result the high end business user and high net worth individual will seek to find faster and more efficient time saving solutions, which avoids the delays familiar to the traditional hubs.

The obvious solution for these individuals is to utilize personal or business jets or air charter/taxi services. There are additional options such as fractional ownership or bizjet time share.

It is anticipated that 300-400 new business jets will begin service in India over the coming years and there has been considerable interest in the air taxi model, utilizing efficient and relatively inexpensive, very light jets.

The Indian government has also stated that it intends to upgrade or bring back into use some 300 airfields to help meet demand for general aviation and there are clear advantages in separating commercial and business traffic.

At last years International Air Taxi Convention in Fort Lauderdale no less than 18 supply and service providers for the air taxi sector declared they had in place, or were planning, facilities in India. 

Additionally, a variety of international infrastructure funds and developer groups are interested in consolidating their interests with regard to developing airfields around India.

IBAE - setting the agenda for Indian Business Aviation

Despite the global economic slowdown, India remains one of the few major emerging economies that will see GDP growth over the next few years.

It is currently estimated that less than 1 million Indian nationals control assets worth over $100 billion. This in a country with a population of 1 billion. The number of high net worth individuals in India is growing faster than any other region in the world. Not surprisingly, these new entrepreneurs are in a hurry, and what better way to get around the famously congested airports of India, than with their very own aircraft or to utilise business and air taxi charters.

However, owning and operating any form of general aviation aircraft in India is not without its pitfalls. MRO facilities in India are not well established and much of the infrastructure required for an expanding business fleet is yet to be fully established. Also space at airports can be hard to come by and the mix of Commercial and GA traffic is not always harmonious.

Additionally, permit approval and funding options for business aircraft can involve a labyrinth of complex and tortuous red tape which, in effect, acts as a brake on operator activities. What are the creative financial tools for business and air taxi operators and how will operators expand and sustain their operations through the current global turmoil?

It will be the role of the Indian Business Aviation Expo (IBAE) 2010, to address these issues and to set the agenda for the emerging business and general aviation sector in India. The event will bring together funding agencies, bankers, leasing companies, insurance experts, safety agencies, administrators, relevant government representatives and policymakers, entrepreneurs, regulatory authorities, ATC, OEMs, MROs, FBOs, representative bodies, pilot organisations, planners, airport authorities, supply and service sector providers, IT specialists, equipment specialists, VLJ Operators, charter operators, helicopter operators, safety specialists, consultants, the media and all professional organisations with a vested interest in the safe and efficient development of business aviation in India.

The event will feature an exhibition over two days, to include a static display and will run concurrently with a conference tailored to the needs of the Indian market. The event will take place in Delhi, the administrative capital of India, and will bring together high level business and general aviation specialists, from around the world, who will apply their knowledge and expertise to this vast and vibrant market.

 

Choose an Event


Delhi

Indian Business Aviation Expo (IBAE) 2010
24 - 26 February 2010


London, UK

BA-Meetup 2010
17 - 19 March 2010


Prague

Central Europe Private Aviation (CEPA) 2010
22 - 23 April 2010


Oxford UK

Light Jets Europe 2010
23 - 24 September 2010


Dubai

General Aviation in the Middle East (GAME) 2010
1 - 2 November 2010

Next Event

Indian Business Aviation Expo (IBAE) 2010

Event Sponsored By

 

Event Speakers

M Balaraman
Executive Consultant
Millenium Aero Dynamics

 

Vishal Chadha
Head of Manufacturing Unit
Infosys

Sandeep K. Dewangan
Research Analyst,
SETLabs, Infosys

 

 

Kapil Kaul
CEO, 
Indian Subcontinent & Middle East CAPA

 

William T. Minkoff Jr.

President
JetQuik

 

 

Aoife O'Sullivan
Partner,
Gates and Partners

 

 

David Rimmer
Executive Vice President,
ExcelAire

 

 

Capt. Sakeer C. Sheik
Managing Director
Titan Aviation Group

 

 

Capt. Karan Singh
President
Business Aviation Association for India

 

 

Manav Singh
Managing Director
Club One Air

 

 

Johan Sjöberg
Director of Sales,
Avinode

 

Dan Soffin
Partner
Gates and Partners

 

 

Jonathan Sumner
Managing Director
Aerospace Resources Ltd.