Tag: business aviation

Airports are often seen as mere transit points, but some go above and beyond to offer unique experiences that make them destinations in their own right. Here are some of the coolest airports around the world that redefine the travel experience:

1. Changi Airport, Singapore

Changi Airport is consistently ranked as one of the best airports in the world, and for good reason. It features a butterfly garden, the world’s tallest indoor waterfall, a mirror maze, a rooftop pool, a free 24-hour movie theater, and a four-story-tall indoor slide. It’s more like a luxury resort than an airport, making layovers something to look forward to.

2. Hamad International Airport, Doha, Qatar

Hamad International Airport is known for its luxurious amenities and stunning architecture. It boasts an indoor tropical garden called the Orchard, high-end designer stores, and even a second airport hotel. This airport was expanded to accommodate the surge of visitors for the FIFA World Cup 2022, making it a top-notch travel hub.

3. Vancouver International Airport, Canada

Vancouver International Airport stands out with its two aquarium exhibits featuring more than 20,000 animal and plant species native to British Columbia. The airport’s design and amenities reflect the natural beauty of the region, making it a serene and enjoyable place to spend time.

4. Incheon International Airport, South Korea

Incheon International Airport offers a range of unique attractions, including an ice-skating rink, a massive duty-free mall, and a cultural museum. The airport is designed to provide a seamless and enjoyable experience for travelers, with plenty of entertainment options to keep you occupied during layovers.

5. Kuala Lumpur International Airport, Malaysia

This airport features a wooden boardwalk through a rainforest complete with its own waterfall. It also offers an airport spa for those looking to relax before their flight. The blend of natural elements and modern amenities makes it a standout airport.

6. Helsinki Airport, Finland

Helsinki Airport is known for its innovative sleeping pods, which provide a comfortable place to rest while waiting for your flight. The airport also has a book swap area where travelers can trade old reads for new ones, adding a touch of community and convenience to the travel experience.

7. Hong Kong International Airport, Hong Kong

Hong Kong International Airport offers a virtual golf course, art galleries, an IMAX theater, and an Aviation Discovery Center with a flight simulator. These features make it a hub of activity and entertainment, ensuring that there’s never a dull moment.

8. San Francisco International Airport, USA

San Francisco International Airport is home to a 24-hour yoga room and the SFO Wag Brigade, which includes therapy dogs and even a therapy pig named LiLou. These unique amenities help travelers relax and de-stress before their flights.

These airports are not just gateways to the world but destinations in themselves, offering a range of unique experiences that make travel more enjoyable and memorable. Whether it’s through luxurious amenities, innovative designs, or unique attractions, these airports set the standard for what modern air travel can be.

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The Coolest Airports in the World

With more than $4.6 billion in originations, Global Jet Capital provides comprehensive financing solutions for the business aircraft market. The Global Jet Capital management team has served the business aircraft industry for a combined 325-plus years. The Company has the expertise, financial strength, industry relationships and infrastructure necessary to offer a variety of flexible financing solutions at the speed the market requires. Visit www.globaljetcapital.com to learn more.

Danbury, CT – September 17, 2024 – Global Jet Capital, a global leader in financial solutions for business aircraft, announced today the closing of its BJETS 2024-2 securitization, raising approximately $617 million.

BJETS 2024-2 is Global Jet Capital’s eighth asset-backed security (ABS) offering, bringing total assets securitized to approximately $5.8 billion and bonds issued to approximately $4.8 billion.

The BJETS 2024-2 offering contained three tranches of notes: a $490.4 million Class A tranche, a $79.4 million Class B tranche, and a $47.3 million Class C tranche. S&P Global Ratings and Kroll Bond Rating Agency LLC assigned BJETS 2024-2 ratings of A/A, BBB+/BBB and BB/BB on the Class A, B and C tranches, respectively. The transaction attracted 37 unique investors, 8 of which were new to the BJETS program.

As with previous BJETS issuances, BJETS 2024-2 securitizes the cash flows from business aircraft loans and leases representing a diverse group of obligors and assets. BJETS 2024-2 includes 29 leases and loans to corporations and global business leaders representing 18 unique industries. Twelve different aircraft models – primarily mid- to large-cabin business aircraft – are represented in the transaction.

BofA Securities was the lead structuring agent and lead bookrunner and Deutsche Bank Securities, Morgan Stanley, Citigroup, KKR Capital Markets and Carlyle were joint structuring agents and joint bookrunners for the BJETS 2024-2 transaction. In addition, Citizens Capital Markets was a co-manager. Global Jet Capital will continue to service the securitized assets.

Vivek Kaushal, CEO of Global Jet Capital, stated:

“We are pleased with the success of our latest issuance, which underscores the strength of the BJETS securitization program and the strong performance of our previous ABS transactions. As we celebrate the tenth anniversary of our founding, our growing investor base reflects the capabilities of our platform. We’re also thankful for the ongoing support of our existing lenders and their continued commitment and confidence in our business. This achievement is the direct result of the dedication and hard work of the Global Jet Capital team, and I am grateful for their contributions.”

Global Jet Capital Completes Securitization, Raising $617M

EBAA to Produce Future Editions of EBACE

 

Brussels, Belgium & Washington, DC, 19 August 2024 – Today, the European Business Aviation Association (EBAA) and the National Business Aviation Association (NBAA) announced that EBAA has purchased NBAA’s interest in the European Business Aviation Convention & Exhibition (EBACE). With the purchase, EBAA has become the sole producer of all future editions of EBACE, including EBACE2025. Financial terms of the purchase agreement were not disclosed.

“EBACE is well recognised as the premier business aviation event in Europe, bringing together the latest aircraft, newest technologies, industry visionaries and innovators, policymakers and key decision-makers,” said EBAA Secretary General Holger Krahmer. “EBAA is looking forward to building upon this amazing platform, establishing the new EBACE as the leading hub for Europe’s business aviation professionals in ways that reflect the unique nature of business aviation in Europe.”

“NBAA and EBAA enjoy a very strong relationship, forged over decades of working together to promote business aviation in Europe, the United States and around the world,” said NBAA President and CEO Ed Bolen. “We look forward to continuing that relationship as we work together in all aspects of business aviation, including safety, sustainability, innovation, workforce development and security.”

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About EBAA
The European Business Aviation Association (EBAA) is the leading organization for operators of business aircraft in Europe. Our mission is to enable responsible, sustainable growth for business aviation, enhance connectivity and create opportunities. EBAA works to improve safety standards and share knowledge, to further positive regulation and to ease all aspects of closely tailored, flexible, point to point air transportation for individuals, governments, businesses and local communities in the most time-efficient way possible. Founded in 1977 and based in Brussels, EBAA represents +700 members companies, corporate operators, commercial operators, manufacturers, airports, fixed-based operators, and more, with a total fleet of +1,000 aircraft.  Learn more about EBAA.

About NBAA
Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive, and successful. The association represents more than 10,000 company and professional members and provides more than 100 products and services to the business aviation community, including the NBAA Business Aviation Convention & Exhibition (NBAA-BACE), the world’s largest civil aviation trade show. Learn more about NBAA.

EBAA to Produce Future Editions of EBACE

Interview with Christi Tannahill, Textron Aviation’s Senior Vice-President Customer Experience

Who is Christi Tannahill, and what is the most important aspect of your role?

I have dedicated the majority of my career to customer service and support. Prior to my current role at Textron Aviation, I held the position of senior Vice-President of turboprop aircraft and interior design. In this role, I oversaw the development of our popular turboprop platforms and led the interior design team. I assumed the position of senior Vice-President of interior design and engineering in 2016. Currently, as senior Vice-President of Customer Experience at Textron Aviation, I am responsible for the interior design and engineering functions across the entire product lineup of the company.

I am married, with 3 children, and a very proud mother. It’s wonderful to be a proud mother, especially when your children have achieved significant milestones in their education. Having two graduates from college, one from Law school, and one currently in junior high school is a great accomplishment.

Each of my children’s educational journeys is unique and represents their individual efforts and paths to success. As a parent, I have played an essential role in supporting and guiding them along the way. I continue to encourage and nurture my children as they progress through their education.

One of the things I love about my job is that I always say I have the best job in the company. I have the opportunity to work closely with customers throughout the entire process, from market research to delivering the airplane. My responsibilities include marketing events like EBACE and overseeing the organization of these events.

I am also involved in designing both the interior and exterior of our products. It’s a rewarding experience to meet with customers even before they become our customers and then deliver the airplane to them when they take delivery. I am fortunate to have an amazing team that consistently performs exceptionally well.

However, the best part of my job is the ability to build relationships with customers, starting from the interior design phase and listening to their needs all the way through to delivering the final product.

How do you balance the need for aesthetics and functionality in the interior design of Textron Aviation’s aircraft, while maintaining a focus on customer experience?

That’s a great question.

The customers’ visionary board is extremely valuable because it allows us to address their needs effectively. When our customers become part of the team, they have the opportunity to share their preferences without any limitations. They communicate everything they desire to have in the airplane.

For example, I often discuss the idea of having a couch in the cabin as a differentiating factor. However, we also maintain transparency by informing them about the potential cost and additional weight associated with their requests.

This open dialogue is essential for making informed decisions. We utilize the information provided by the customers to understand their priorities. They may quickly realize that certain costs or added weight are not favorable to them, but they acknowledge the importance of certain aspects. Even when dealing with a diverse customer base and customer advisory board, we strive to determine what is best for the airplane in terms of performance, design, and functionality. The feedback provided by our customers ensures that we align our efforts with their desires accurately.

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Airbus and CFM International signed an agreement to pioneer hydrogen combustion technology in aviation

The programme’s objective is to ground and flight test a direct combustion engine fueled by hydrogen, in preparation for entry-into-service of a zero-emission aircraft by 2035.

The demonstration will use a A380 flying testbed equipped with liquid hydrogen tanks prepared at Airbus facilities in France and Germany.

Airbus will also define the hydrogen propulsion system requirements, oversee flight testing, and provide the A380 platform to test the hydrogen combustion engine in cruise phase. CFM International (CFM) will modify the combustor, fuel system, and control system of a GE Passport turbofan to run on hydrogen.

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Airbus and CFM International signed an agreement to pioneer hydrogen combustion technology in aviation

Renewable Fuel Gets Green Light

Gulfstream’s use of green energy for daily flight operations is a significant step toward a more sustainable future.

With every takeoff of a Field and Airborne Support Teams jet, or a demonstrator or test aircraft from Gulfstream’s Savannah, Georgia, world headquarters, the company’s prominence as the leader in business aviation will soon become more pronounced—this time, in the use of renewable fuel.

Gulfstream recently became the first business aviation manufacturer to move toward using a drop-in renewable fuel in its daily flight operations. Gulfstream is awaiting delivery of the fuel, which is blended with conventional petroleum-based Jet-A and will power the two FASTaircraft—dedicated Gulfstream G150s that deliver parts and maintenance technicians to support operators. The blended fuel will also be used for corporate flights and flight-test aircraft.

Gulfstream plans to offer the renewable fuel to customers flying into and out of the Gulfstream Savannah Service Center when additional quantities are available.

“This is a significant step in the development of a rapidly growing renewable fuel business,” says Mark Burns, president, Gulfstream. “Gulfstream is proud of our leadership role in helping achieve a more sustainable future by demonstrating the ease by which this fuel can be integrated into normal operations.”

Read the full article here