At first glance, it might seem like business jets are nothing more than a luxury perk for high-profile executives. But that would be missing the much bigger picture. Business aviation contributes $150 billion annually to the U.S. economy, and employs more Federal prosecutors are seeking the forfeiture of a business jet after the pilot was arrested in July at a Kansas airport and accused of possessing more than 50 kilograms of marijuana with the intent to sell it. U.S. Attorney Barry Grissom says 58-year-old SEATTLE (Reuters) - Business aircraft are taking to the skies again as many economies around the world improve, but a surplus of jets delivered just before the recession means the equivalent of 2,750 jets remain parked in hangars. An excess of jets is But in China, where sales of business jets are increasing despite a lack of large scale air-system support and a dearth of airports to handle private flights, attitudes about private jets seem to be different. While forecasters had long assumed midsize and Despite enormous odds, a small aircraft startup hopes to sell the world’s fastest business plane, one styled after a military fighter jet. Saker Aircraft is pitching its two-seat S-1 as the only airplane able to fly business executives and playboys at Royal Jet announced a tender at the Dubai Airshow last year to replace six Boeing Business Jets (BBJs), two short-range Gulfstream G350s and a medium range Learjet 60. “We have made our decision,” O’Hare said on Monday on the sidelines of a press .
The post-2008 business jet market saw unprecedented bifurcation. Pre-2008, the market had behaved largely as a single entity, with most segments moving in tandem. But in 2008-2010, the top half segment (jets costing $26 million and more) held up well, with PHOENIX and MONTREAL, Sept. 16, 2014 /PRNewswire/ -- Bombardier Business Aircraft will be the launch business aircraft manufacturer for Honeywell Aerospace's (NYSE: HON) JetWave Ka-Band satellite connectivity system. Honeywell's JetWave hardware Russians landing at Nice’s business aviation terminal often own property in France and fly over with their spouse and children for working holidays, helping Moscow to become the airport’s biggest summer source of private-jet traffic. “Contracts can Aerion Corporation has upped the cabin size and added an extra engine to the first in its planned range of supersonic business jets currently on the drawing board. Designed with Supersonic Natural Laminar Flow (SNLF) wing technology that was tested in .
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