Who Buys Boeing Business Jets?

by Matt on May 6, 2013

Glenn Farley wrote an interesting piece recently on Boeing business jets for King 5 News.

He revealed that when Boeing and General Electric became partners in 1996 to build business jets, it was thought corporations would be the primary buyers.  However, companies and charter operations now only represent 20% of the customers, with another 40% drawing from wealthy people and the final 40% coming from heads of state. Another interesting fact – most Boeing Business Jets (BBJs) are sold outside the United States.

Currently, about 150 737-based BBJ’s and nine 747-8 Intercontinentals are built and flying. According to Boeing, a completed 737 BBJ costs about $85 million while a 747-8 Intercontinental will set you back about a half billion dollars or more (and may include missle defense systems and secure data).

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Korean Air Upgrades Private Jet Service

by Matt on April 30, 2013

Korean Air has big business jet plans for the Asian region, says Travel Blackboard – Asia Edition. After starting a dedicated charter business in 2007, Korean Air added a Boeing Business Jet in 2010 and has now annnounced the airline is “integrating the best practices of its First Class service into its private jet service offering”. This means the private business jet service has a flexible travel schedule, exclusive terminals, award-winning in-flight cuisine, First Class mileage points and access to the airlines VIP lounges.

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Greenpoint Has Sad News

by Matt on February 7, 2013

Greenpoint Technologies, a sponsor of this blog, sadly announced the passing of Brian Hellings, President of Greenpoint Aerospace.

According to Greenpoint’s press release, Brian Hellings (57) and a visionary with more than three decades of aviation legacy, died January 21, 2013 in Seattle, Washington after a battle with cancer. He was born April 13, 1955 in Manchester, New Hampshire and was the eldest of 10 children. In 1974 he enlisted in the Air Force and served 8 years as a mechanic on the T-38 aircraft and later on the A-10 Warthog aircraft. Brian left the military in 1981 and was hired by The Boeing Company in Seattle as a Logistics Analyst. He promoted quickly within the organization to director level, setting many records during his career. In 2010 he retired from Boeing as Deputy Director for Derivative Airplanes, Executive Transport after 28 years of service. Brian joined Greenpoint shortly after as President of Greenpoint Aerospace. He is survived by his wife, three children, and grandson.

Scott Goodey, Greenpoint President and CEO, said:

“Brian fought a courageous battle, dealing with his illness in a manner consistent with the way he lived his life. He modeled the way for all of us on how to be courageous in the face of adversity.  He took each new challenge as it came, finding a way to overcome each obstacle that was presented. He was a valued member of the Greenpoint team and will be greatly missed.”

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Greenpoint Technologies Celebrates 25 Years

by Matt on February 7, 2013

Greenpoint Technologies, a premier VIP completions center for Boeing Business Jets (BBJ) and a sponsor of this blog, is celebrating 25 years in business. Woohoo! If you want to learn more about Greenpoint’s people and products, check out the video on their website. In 1988 Greenpoint began with two individuals, Jon Buccola (Chairman and owner) and John Broback (retired). Within a year the company grew to four employees, and continued to add extensive engineering, certification and manufacturing capabilities. Now, the company has more than 350 people across multiple companies and has delivered 21 BBJ and Head-of-State completions and more than 250 modification contracts.

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Jon Ostrower and Daniel Michaels report for the Wall Street Journal that Michael Dell, Dell Inc’s chief executive, may be affected by the Boeing Company’s recent issues with the Dreamliner. Mr. Dell has plans to purchase a Dreamliner through International Lease Finance Corp, a unit of insurer American International Group (AIG).

The plane may be for Mr. Dell or MSD Capital LP, which manages his family fortune.

Dell will likely receive his Dreamliner next year, although the deal predates Boeing’s problems and the recent grounding.

Mr. Dell has previously been listed as a fractional owner of a number of NetJets Inc planes.

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VistaJet Expands Fleet

by Matt on February 2, 2013

Stanley Ihedigbo reports VistaJet Holdings has acquired 86 Bombardier jets valued over $7.8 billion, including 25 Global 5000, 25 Global 6000, and 6 Global 8000 jets, with options for more. VistaJet, one of the world’s leading luxury private aviation companies, plans to expand business operations in Nigeria and other countries with a focus on wide cabin, long-range aircraft.

According to Founder and Chairman of the firm, Mr. Thomas Flohr, the ”new aircraft will directly services growth markets including Nigeria, Russia, China, the Middle East and rest of Africa, connecting them to the rest of the globe as well as serving the East and west coast United States for their intercontinental travel needs.”

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Malawi Jet For Sale

by Matt on February 1, 2013

It isn’t exactly a big business jet, but I thought it worth mentioning…

According to   | Good News (a Yahoo blog), Malawi’s current president, Joyce Banda, plans to auction off the Dassault Falcon 900EX purchased by her predecessor 5 years ago for $13.3 million. The 14-seat presidential jet’s purchase was met with a lot of criticism at the time, and the new President has refused to fly in it. Proceeds from the auction will be used to provide basic services for the poor.

From the president’s office:

“”The bids will be opened and offers read out in the presence of interested buyers or their representatives and any member of the general public on 20 February.”

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The Ultimate Rugby Experience

by Matt on January 30, 2013

Guiness and rugby fans in Great Britain have an opportunity to win the ultimate rugby experience – flying with 4 friends in a private jet to the RBS 6 Nations game of their choice, as well as chauffeur-driven cars and tickets to the match. Guinness air hostesses will even serve the good stuff to the winners as they cruise at altitude.

The giveaway starts February 2. For more details and participating pubs, go to the Guinness GB Facebook page (www.facebook.com/GuinnessGB).

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Bombardier To Show At Aero India

by Matt on January 28, 2013

There will be jets, jets and more jets at the upcoming Aero India show that opens February 6.

The Hindu says Bombardier will be at the show displaying the Global 6000, which can fly non-stop from Mumbai to London or from Kolkata to Sydney, comes with an optional stand-up shower and a flight deck, and can carry eight passengers and four crew members. Also along for the ride will be the wide-cabin Challenger 605, that can fly six people to Greece or Australia, about 7000 km away.

As an interesting side note, Bombardier also plans to promote its amphibious aircraft, the 415, a made-to-order firefighting aircraft that can be used for maritime search and rescue, coastal patrol, disaster response and transport.  In case you have any private firefighting or rescue needs. :-)

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The Middle East continues to be a strong market for business jets. According to  Middle East North Africa Financial Network,” Bombardier senior vice-president for sales Bob Horner expects business jet market size will…double in the next 20 years to 648 billion globally.”

Airbus Corporate Jets (ACJ) and Boeing Business Jets (BBJ) executives are expecting the growth to pick up and surpass the last two years, especially in regard to large business jets.

Francois Chazelle, vice-president commercial for ACJ, says:  

“The Airbus Corporate Jet division continues to see a growing interest from the Middle East…They comprise…an Airbus ACJ318, operated on VVIP charter flights by Al Jaber Aviation (AJA), and an ACJ319 belonging to a private Middle East customer.”

Airbus has sold 170 corporate jets; 110 narrow body and 60 wide body.

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