Jennifer Harrington-Snell

May 5, 2010

Business Aviation

The business aviation market appears to be recovering from the economic downturn, propelled by increased sales in Asia and Africa, according to Jahid Fazal-Karim, co-owner of Jetcraft Corporation, and former senior vice president of worldwide sales for Bombardier. However, signs of continued economic instability in parts of Europe could have “a serious effect” on the Western markets.

Sales of long-range business jets, in particular, have increased approximately 15 percent in Asia over the last year, Fazal-Karim told AIN, adding that the market in mainland China has been “extremely active.” Demand has also increased in Russia, where the industry was “all but dead” in 2009. “The Asian market in general is pretty good, especially for aircraft on the higher end of the market,” he added. “They need the range.”

In addition, the increase in sales within the Indian market has been in the double digits, while the Mid...

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THE JETCRAFT STORY, Setting Sights on World Bizav Market Evolution (PDF format) »

You know you must be making clients happy when most of your business is either repeat business or referrals from other satisfied clients. That has been the Jetcraft Corporation story for nearly five decades. Just one year shy of 50 years in business, Jetcraft Corporation is today one of only a few companies claiming real longevity in this industry.

For most of those years, the U.S. has been in the vanguard of the bizjet market, but as has been evident for at least the last 10 years, global competition has shaken-up the world economy, and the business jet industry has had to right itself several times to keep pace with seemingly constant market change. And the pace of that change has become a lot faster.

According to Chad Anderson, the recently named President of Jetcraft Corporation (the company’s first since the untimely passing of John Ames nearly three years ago), “Of late, across the boa...

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