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November 2, 2007

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The Latest News From The World of Very Light Jets

Here are some items of interest on Very Light Jets. For more information please visit VLJ Magazine®, now at www.vljmag.com

   


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VLJ MAGAZINE® HAS A NEW LOOK…check it out at www.vljmag.com


Very Light Jet Events Supported by VLJ Group

Crowne Plaza San Diego
San Diego, CA
November 27-28, 2007
Analyze trends and identify growth opportunities for all sectors of the value chain – operator, manufacturer, MRO, FBOs, and other service providers.
Outline an investment-worthy business plan and explore funding strategies.
Dissect existing business models to learn from successes and misses.
Discuss how to grow the VLJ market – nationally and internationally. Existing operations are primarily east coast.
VLJ Group gets you in at 20% off! Enter code VLJWP7

VLJ WEST

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ImageMIU Events Presents:
"Very Light Jets - Latin America & The Caribbean"
Location: Sofitel Rio de Janeiro, Brazil
Date: 10/12/2007 - 11/12/2007
The VLJ manufacturers are targeting the Air Taxi and GA markets for their new generation of light jets. Analysts predict that 50 % of VLJ sales will be outside the USA and the next most significant market is Latin America and the Caribbean. Many analysts predict that Latin America, and Brazil in particular, will see substantial growth in business aviation and owner/pilot purchases as the Latin American economies expand over the next decade.
The advent of the VLJ has been compared to the impact that the budget airlines have had on commercial aviation. Others have described the innovative thinking and scope of VLJ applications as comparable to the arrival of new generation computers. However, there's a way to go and many issues to be addressed if the VLJ is to be successful in Latin America and the Caribbean - regulatory and otherwise.
Following our popular VLJ conferences in Dubai and Vienna, MIU takes it's innovative VLJ series of events to Rio in December to examine how the VLJ will adapt to life in Latin America and the Caribbean.
Will the VLJ dance the Samba or get drunk with the band?

VLJs WEST


How Many VLJs are on the Way?

ImageThe Very Light Jet story unwinding before us is history in the making. There was
a statement made not long ago that so many VLJ s were on the way that they might very
well “darken the skies.” (This rumor was likely perpetrated by the airline industry in
their desperate campaign against general aviation in promotion of user fees.)
As of June 2007, Cessna had delivered 8 Mustangs out of a planned production of 40
aircraft this year. In early October 2007, the Eclipse fleet was approximately 50 aircraft.
Here are current forecasts of how many VLJs are on the way:

VLJ FORECASTS


Worldwide Pilot Shortage Looms

ImageUS- World Peace Herald:
"I think that between 2010 and 2020 the pilot shortage is really going to be exacerbated with..retirements," said Daniel Elwell, assistant administrator for the FAA. To buy the industry time, the FAA is working to change its retirement policy to allow one of two pilots in a crew to fly up to the age of 65. Researchers estimate that 3,800 pilots could be added to the national supply if the retirement age were raised to 65.

Australia- Perth Now Report:
AUSTRALIA's biggest private regional carrier has warned that a looming pilot shortage will mean flight cancellations, driving small airlines to the wall.

India-N2Comm Reports: Dinesh Keskar, Boeing's senior vice president for commercial aircraft sales, has reportedly stated that there is "a tremendous shortage of pilots in India". According to The Associated Press, Keskar said that India will probably need 4,000-5,000 new pilots in the next five years.

Fortunately for Very Light Jet owners in the US, retired and retiring airline pilots are positioning to offer pilot and mentor services to the fleet of Very Light Jets that are arriving..

VLJ PILOTS


EPIC Aicraft Partners With Indian Investor

ImageAWST Reports: EPIC AIRCRAFT expects to "immediately benefit" from the relationships that Indian billionaire Dr. Vijay Mallya - who recently purchased "a significant interest" in the Oregon-based general aviation manufacturer - has with other aviation companies such as Airbus and Pratt & Whitney. Press reports suggest Mallya, who owns and operates India's Kingfisher Airlines, may have injected several hundred million dollars in Epic Aircraft.

EPIC AIRCRAFT

Thanks for reading our report. I hope to see you at VLJ West in San Diego!
Sincerely,
Bill Strait
CEO & President
VLJ Group LLC

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VLJ News

Aero-News: Quote of the Day (08.26.08)
"There's no economic model that justifies setting up a support team to support just five planes in the field. There's no critical mass to make it economically viable. We're the lighting rod for their ire right now because they got burned by the prior company. I don't think there's anyone with this company that doesn't sympathize with them ... but it is not our responsibility to support these owners. The previous company is responsible for putting them in the position they're in today." Source: Jan D'Angelo, a former Adam Aircraft worker and now head of customer support at AAI Acquisition. The Russian-backed company bought many of Adam's assets in April this year, with the intent to continue certification efforts for the A700 very-light-jet. As for the already-certified A500 piston twin -- on which the A700 is heavily-based -- AAI announced at Oshkosh last month it won't build any more planes, beyond the seven Adam assembled prior to its February entry into Chapter 7 liquidation. Five of those planes are in customers' hands... but they can't fly them, without company support.
2008-08-26 10:43:58 GMT
Eclipse reduces workforce by 38%
Eclipse will lay off 38% of its workforce three weeks into the leadership of new CEO Roel Pieper, who has buoyed numerous struggling companies with reorganization in his career. The layoffs include temporary workers on hire for less than six months but officials aren't saying which executive posts are among the 650 employees being cut. Eclipse maintenance facilities in Albany and Gainesville will lose workers, as will Albuquerque headquarters. Production of the Eclipse 500 will slow in 2008 but rebound in 2009 and climb above the present rate of just less than one per day. The remaining workforce will be 1,100 employees. "Financial stability is critical for this company and unfortunately, a reduction in workforce was necessary to achieve it," says Pieper.
2008-08-25 13:43:46 GMT
Diamond Distributors Announce Tax Advantage Program
Offer Incentives To Cover Tax, Legal Services Diamond Aircraft reminds anyone looking to purchase a new single-engine piston aircraft that September 30 is the deadline to take advantage of up to $300,000 in depreciation opportunities on a Diamond DA40 XLS.
2008-08-23 10:42:03 GMT
Eclipse Lays Off Another 650
Cuts amount to 38% of its workforce, an action that will slow Eclipse 500 production rate to about one aircraft a week
2008-08-22 17:43:27 GMT
Eclipse lays off 650 employees
Eclipse Aviation has announced that it is laying off 650 people in an effort to get the company on solid financial ground.
2008-08-22 16:53:08 GMT
Grob Earns Vote Of Confidence From spn Customer
PlaneSense Says It Will Keep Its Orders Times are tough for Grob Aerospace, after the fledgling jetmaker entered insolvency proceedings this week due to delays in bringing its spn very-light jet to market. The company may take some comfort, however, in knowing one of its largest customers plans to stand by the company, and its orders for 25 planes.
2008-08-21 10:44:59 GMT
HAL emerges as frontrunner for Indian air taxi turboprop
Hindustan Aeronautics is likely to be the production house for India's first civil transport aircraft, a 14-seat...
2008-08-21 09:38:40 GMT
FAA, Congress Revisit Eclipse 500 Certification.
FAA inspectors are conducting a special certification review of the Eclipse 500 jet. The move is apparently in preparation for a Sept. 17 congressional hearing questioning the FAA's awarding of a type certificate to the company in 2006. Eclipse officials said they welcome the review and believe the aircraft was properly tested and certified...
2008-08-20 20:49:02 GMT
FAA conducts certification review of Eclipse 500
The Federal Aviation Administration started a 30-day review of Eclipse Aviation Corp.'s very light jet on Aug. 10.
2008-08-20 20:40:11 GMT
FAA to review Eclipse very light jets
Federal aviation officials are doing an unusual 30-day review of the Eclipse 500 very light jets after reports of safety problems.
2008-08-20 19:53:55 GMT
Eclipse Supplier Says Planemaker 'Substantially' Reducing Production
Cutting Purchases For Rest Of Year, First Half Of '09 A picture of future events for Albuquerque, NM-based Eclipse Aviation is starting to come together. On Tuesday, composites supplier Albany International Corp. said its sales growth for the remainder of the year will take a significant hit, due to cutbacks in planned production rates at Eclipse.
2008-08-20 10:40:47 GMT
Albany warns that Eclipse is reducing production
Textile and composite maker Albany International warns that its customer Eclipse Aviation plans to cut production of the Eclipse 500 jet airplane.
2008-08-19 22:36:15 GMT
Contractor warns Eclipse is reducing production
Textile and composite maker Albany International warns that its customer Eclipse Aviation plans to cut production of the Eclipse 500 jet airplane.
2008-08-19 18:53:29 GMT
Albany International Provides Update on Short-Term Prospects in the Composites Business
ALBANY, N.Y.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) reported today that Eclipse Aviation, a significant customer of Albany Engineered Composites (AEC), has indicated that it
2008-08-19 13:47:12 GMT
Starfish Aviation Purchases Fleet of Spectrum S.40 and S.33 Business Jets
CARLSBAD, Calif.--(BUSINESS WIRE)--Austin Blue, President of Spectrum Aeronautical, LLC, announced today that the company has finalized the sale of a fleet of aircraft comprised of its
2008-08-18 21:47:39 GMT
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