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Cessna “pulls trigger” on Embraer challengers

Flight Global

Cessna is readying a slate of clean sheet and product upgrades in its super-light and medium-sized business jet line to take on the equivalent from Embraer's Legacy 450 and 500 development programmes.

The new aircraft would replace the $12.5 million Citation XLS+ super light twin and $17.6 million midsize Sovereign.

Gulfstream Gets High Five for G650 Program

Business Aviation Aircraft

Gulfstream G650 S/N 6005–the fifth and final flight-test iteration of the new wide-cabin business jet–lifted off yesterday for the first time, flying for 2+46. The five G650s in the program have now surpassed 1,100 hours of flight testing.

Industry Sees Slow BizAv Improvement in 2011

Aviation Week

The industry is entering the New Year more upbeat than a year ago, as economic indicators and anecdotal evidence suggests a slowly improving environment, says National Business Aviation Association President and CEO Ed Bolen. He believes there are numerous reasons for a more optimistic outlook, including “more solid and positive” macro-economic indicators.

Embraer Phenom 300

Flying Magazine

GE Exec: Business-Jet Financing Demand To Improve In 2011

Dow Jones Newswires

The head of General Electric Co.'s business-jet lending and leasing unit is forecasting solid demand in 2011, based on continued improvement in the economy and corporate profits.

"I'm very much encouraged for a much better 2011," said Dave Labrozzi, president of Corporate Aircraft Finance at GE Capital, the conglomerate's big finance arm.

Bonus Depreciation Extended – Increased To 100% Through 2011

Advocate Consulting Legal Group, PLLC.

Flight Delays Cost Passengers $16.7B, says FAA

Associated Press

Airline flight delays cost passengers more than inconvenience - $16.7 billion more - according to a study delivered to the Federal Aviation Administration on Monday.

The FAA-funded study looks at the cost to passengers for flight delays in 2007, the latest year for which complete data was available when researchers began working on the study.

Plan Could Benefit Business Jets

The Wichita Eagle

A proposal that would double the federal tax break for businesses making capital investments could be a boost for business jet manufacturers.

President Obama is proposing that companies be allowed to deduct 100 percent of the cost of capital investments off their taxes through 2011.

Bonus Depreciation Passes, Could Spur Bizcraft Sales


General aviation groups today hailed the passage of a bonus depreciation bill that will allow for accelerated depreciation of business aircraft. The Senate passed its version shortly after legislators returned from their summer recess last week.