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November
The European Aviation Safety Agency has certified Embraer for 147 maintenance training.
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September
11 September 2009
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President and CEO Louis R Chênevert said company earnings would pick up next year, but challenges in aerospace sector would remain
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Bombardier Aerospace has released its second quarter results and said a fall-off in business jet deliveries accounted for a drop in revenues
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July
Corporate jet owners in the UK will be liable for VAT under European legislation which comes into effect next month
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The European Commission has proposed making larger private jets liable for VAT in a move which could threaten the survival of some owners and operators.
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National Bank Financial, RBC Capital Markets and UBS Securities are lead arrangers and joint bookrunners of the facility which is oversubscribed.
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June
The regional jet manufacturer said cancellations of business aircraft owing to the economic downturn had negatively impacted its financial results
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May
The International Air Transport Association says that the decline in premium traffic shows no sign of levelling off, and estimates that revenues have plunged by 35% to 40% in the first quarter.
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US government supports Hawker 750 exports to Saudi Arabia
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According to figures released by the UK’s CAA, executive jet use fell by more than 20% in the last quarter of 2008 as the sector bears the brunt of the economic downturn and the backlash against corporate excess.
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April
As the business jet market suffers in the recession Cessna puts its next generation high-end project on hold.
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Business-only carriers OpenSkies and L’Avion merge to form a new trans-atlantic carrier.
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March
Figures released by Iata show a continuing slump in premium commercial travel, with first and business class tickets sales down sharply. At the same time Aviation Research Group/US reports business aircraft activity in February down by over a quarter year on year.
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Gulfstream is to cut production of large-cabin aircraft in addition to previously announced mid-size cutbacks, and will lose 1,200 employees.
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The General Aviation Manufacturers Association reports shipments down for the first time in five years, with business jets set to follow a 20% drop in piston aircraft deliveries.