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Monday, October 13, 2008

Sound Bites

NBAA attendees reported a glut of planes on the market with few buyers, the worst some have seen in many years. Just a year ago demand was so high that manufacturers were reporting one broken sales record after another whether they were buying a VLJ or a $70 million aircraft. Dampening demand was the fuel costs at 30 percent higher than this time last year.

PlaneSmart! Offers Eclipse Management
Having taken ownership of a new Eclipse 500, recently, PlaneSmart! Aviation is now selling shares on the plane.
"The move is designed to improve PlaneSmart!'s ability to satisfy a diverse set of transportation needs," said Michael Brosler, president and CEO at PlaneSmart!. "It also increases the availability of aircraft to schedule for our growing base of customers." PlaneSmart!'s service comes complete with fleet access privileges.
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