Posts tagged Residual Value

Business Aviation Headlines.Bombardier Aerospace said business jet cancellations and a difficult economic environment continue to take their toll as the manufacturer reported its second quarter results. The decrease is mainly due to a decrease in manufacturing revenues due to lower deliveries and selling prices for business aircraft. Cancellations for business jets outnumbered new orders, with 80 cancellations and 27 new orders. Increased prices for commercial aircraft partially offset the fall off in the business jet sector. Commercial aircraft deliveries in the quarter increased and in Bombardier’s own particular case, the CSeries aircraft is a cause for optimism longer term, bringing the company up against Boeing and Airbus.Business aviation sees necessity as the mother of invention.Historically, every time the aviation industry has had a downturn, had difficult times, it’s re-invented itself. In the 1960s it was the introduction of the business jet. There were managed aircraft in the 1970s when we had downturns…instead of everybody having their own individual flight department, they went to aircraft management companies. You saw that evolve. In the downturns in the 1990s, you saw fractional ownership come out of that. What will the next… More >>