To date, the global pool of new aircraft for sale has decreased from 2,300 to 800. The last time we witnessed such small numbers on the market was November 1998, when only 6,200 business jets were in operation. However, there are more than 23,000 such jets currently.
Due to the limited number of jets available in current economic circumstances, the customers have switched to the secondary market. The number of large and super medium business jets transactions in this segment increased by 7% and 10%, respectively, compared to last year.
Moreover, according to Amstat and Jeffries analysts’ reports, with the growth of charter and share performance, the average cost of business jets in all size categories continues to increase year-on-year, by 37% in total.
Dimitri Simes Jr., who writes for The American Conservative, in his article “Are Sanctions Hurting Russia?” analyzed the economic situation in Russia over the past three months and interviewed experts and businessmen. Alexey Butrimov, CEO of BJet, gave his opinion on the Russian aviation development:
“Sanctions against Russia are a blessing in disguise. On the one hand, we look at all the problems caused by sanctions with sadness, but we also understand deep down inside that we can finally resurrect our aviation.
Now that we find ourselves in a situation where we have nothing to lose, the only path forward is to build up our own aviation system. Russia still has factories for the production of military airplanes, and in the current situation all we have to do is to expand the production of military aircraft to the civilian sector.
We are seeing the emergence of new small companies that produce key components, and the government is trying to promote the manufacturing of Russian equipment. So, on the one hand, we have problems, but, on the other hand, these problems have finally kicked off the process of import substitution, as a result of which Russia will no longer depend on everyone else.”
The other day, Gulfstream G800 successfully completed its first flight, marking the launch at Savannah/Hilton Head International Airport of a flight test program for a new business jet based on using sustainable aviation fuel mixture.
The aircraft under test has the longest flight range among the Gulfstream fleet: 8,000 nautical miles (14,800 km) at Mach 0.85 (7,000 nautical miles at Mach 0.90). It is equipped with Rolls-Royce Pearl 700 energy-efficient engines with increased traction.
The predictive landing system warns pilots well in advance of potential deviations from runway. Composite view HUDs increase pilot awareness and provide access to more airports around the world.
The cabin is designed to seat up to 19 passengers and has up to four living areas. The ionic air purification system neutralizes 99.9% of bacteria, spores and odors.
BJET helps to select, register the ownership of, or sell a private jet, as well as conduct a financial audit; we also perform business jet servicing. +7(930)555-00-00