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here has been a 5.6% increase
worldwide in pre-owned sales during the first six months of this year, compared
to 2016, states market analysts JETNET LLC in their six-monthly review of the
sector. |
Executive aircraft are taking less time to sell. It seems that the
business aviation sector seems to be slowly waking up again, really
for the first time since the 2008 recession. Worldwide trends also
indicate an increase in aviation activity with even Europe’s EBAA
reporting nine months of continued growth to July 2017 across the
continent.
This is
the first time the region has experienced continued growth for seven
years; North American business activity is also slowly rising.
However new aircraft transactions are still unpredictable, exchange
rates are erratic and can kill a deal overnight, and speaking with
OEM sales teams, the fact is that a deal is never done, until the
aircraft is delivered. Combined, these factors have resulted in a
buzzing pre-owned market which buoys up the MRO sector.
Smart
owners recognize that there is more than one option to secure an
“as-new” aircraft. For those managing their budgets, and with an
immediate need for an asset that will improve productivity output,
the benefits of buying a pre-owned machine, then refurbishing and
overhauling it, are many.
It can
often be more cost-effective, and quicker, to work with an interiors
and MRO company than wait for a new aircraft. The aircraft can also
be customized and tailored to suit the specific mission of the owner
making it an even better long-term investment.
The
increased activity is being driven by an escalation in demand for
cabin conversions and upgrades from all over the globe with requests
and work coming from traditional sectors e.g. Switzerland, the USA
and Canada as well as emerging markets including Nigeria, Malaysia
and China. Customers are varied too with private wealthy individuals
maximsing their budget to replicate their lifestyle on the ground in
the air, alongside Fortune 500 companies seeking the most efficient
cabin configuration to transport their teams.
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Flying
Colours' ExecLiner format converts a Bombardier CRJ200
into an Executive VIP configuration. |
It is
not just business jets that are being overhauled, we’ve changed
airliners to VIP configurations or corporate shuttle format, and
we’ve modified helicopter interiors to reflect a customer’s
personality. Aircraft have come in as VIP cabins and left with
special missions’ interiors that support medevac, government and
surveillance missions, both short and long haul. And in one of our
latest projects we’ve reproduced an interior originally fitted in a
mid-size cabin for a long-range jet. There are no cookie cutters at
our facilities as we output a diverse range of projects.
Successful projects are underpinned by a complex web of technical
knowledge which is carefully spun to catch all the owner’s new
requirements. The capacity to offer pre-buy inspections, light to
heavy maintenance, design, avionics, interiors, cabinetry, soft
furnishing, connectivity, design engineering, external paintwork,
STC generation, special mission understanding, expert knowledge, and
extensive experience all need to be considered when selecting the
right MRO for any refurbishment project. At some point during the
process each of these areas are likely to come into play, and at
Flying Colours we place a lot of focus on managing the owners’
expectations.
Efficient, professional services offered with integrity and
flexibility form the cornerstone of what is needed to effectively
complete a cabin modification. Retaining the services under one
roof, with a single project manager, and a smart team can ensure
delivery of an aircraft to an owner, on time and on budget.
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Flying
Colours Corp. Peterborough, Ontario hangar. |
Over the
course of this Inside Out series of columns we hope to give
readers pointers, guidelines, and anecdotal tales that will inspire,
inform and hopefully provide insight into the complexities of the
MRO world. It is an evolving sector with rapidly changing
technology, making it one of the most exciting to work in and talk
about.
We look forward to
telling you more from the inside out.
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|
www.flyingcolourscorp.com |
|
Headquarters: |
901-120 Airport
Rd |
Peterborough,
Ontario |
Canada, K9J
0E7 |
|
+1 (705)
742-4688 |
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BlueSky
Business Aviation News | 7th September 2017 | Issue #430 |
©2008-2017 |
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BlueSky
- 'the bizav industry's favourite weekly e-zine' - every
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