The seventh annual European Business Aviation Convention & Exhibition (EBACE 2007) is underway this week in Geneva, Switzerland, and it’s expected to be the biggest ever, with more than 10,000 visitors, 354 exhibitors and 55 aircraft on static display. Already announcements of deals show a strong market, likely enhanced by the strength of the Euro compared to the U.S. dollar. Among the news from the show so far: Airbus debuted its new bizjet, the A318 Elite; Adam Aircraft sold 50 of its yet-to-be-certified A700 very light jets to a Chinese buyer; NetJets Europe announced an order for 32 Hawker 4000 business jets, worth more than $700 million; a Saudi Arabian buyer ordered 20 Gulfstream G450s; and JetFly, a fractional operator based in Luxembourg, added four TBM 850s and four Piaggio Avantis to its fleet. Cessna, which announced EASA approval for its Citation Mustang at the show, is there with a mockup of its large-cabin concept bizjet. Dassault said it will add a new jet to the Falcon family, the 2000LX, based on the 2000EX, with a best-in-class climb speed to 41,000 feet in just 18 minutes. Podcasts of speakers from the opening session are posted online.
Business Jets Gather In Europe
Key Takeaways:
- EBACE 2007 is a record-setting event in Geneva, boasting high attendance, numerous exhibitors, and a large static aircraft display, indicative of a strong business aviation market.
- The convention is a hub for significant deal announcements, with multi-million dollar orders and fleet expansions, potentially boosted by the strong Euro.
- Key announcements include Airbus's debut of the A318 Elite, Adam Aircraft's sale of 50 A700 VLJs, NetJets Europe's $700M+ order for Hawker 4000s, a Saudi buyer's order for 20 Gulfstream G450s, and Dassault's new Falcon 2000LX.
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