CJI London 2023 – As it happened
CJI London 2023 is in full swing. This page will be regularly updated throughout the conference with highlights from the days’ action.
Our final panel of the day, with @vistajet, @theaircharter, @avinodegroup, @hahnairlines and @STACKaero.
Forecasts for the year are still showing growth. “The question is what level will it normalise at,” says Glenn Hogben from The Air Charter Association#CJILondon2023 pic.twitter.com/BFfDIyxDN0
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
While the #CJILondon crowd votes on how much they see #bizjet values falling in 2023, Brendan Lodge, @jssi says: “You always have to prepare a report on the basis you might get challenged in court. You always have to produce the evidence as to why you’ve arrived at a conclusion.” pic.twitter.com/HJM5bV084r
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
Our #CJILondon2023 panel is discussing how we can bring in more young talent to the industry while competing with airlines.
Nigel Warren, @FlightSafetyInt says: “We need more business aviation specific opportunities for entry-level pilots. Then we can keep them.” #BizAv pic.twitter.com/1DxjkPvHD8
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
The number one bizav safety issue is employee retention and loss of key personnel, revealed a survey conducted by ARGUS International. “Having the right people to go out and do safety analysis is hard,” Mike McCready, @ARGUSInt, told #CJILondon2023.https://t.co/5sgu9aqhOm pic.twitter.com/LMzv99XJUz
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
Dobbins of Pratt & Whitney says that borescopes will soon become obsolete, due to improved technology, smarter engines and industry collaboration.
“I believe that collective power of everyone in this room, we can get rid of it in 12 months.”#CJILondon pic.twitter.com/slSXn2cYic
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
Aoife O’Sullivan, partner, The Air Law Firm says that inspections of aircraft engines are a must from a buyer’s perspective.
“You wouldn’t buy a car for $20,000 without a proper inspection of everything. It is exactly the same for a $30m aircraft.”#CJILondon
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
Delray Dobbins, of Pratt & Whitney Canada agrees that inspections are more sophisticated.
“Engine Health Monitoring has become so sophisticated that you can pick up a fault 10-13 months before it has any real effect on the engine.”#CJILondon pic.twitter.com/pSa8E4Y4LA
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
Megha Bhatia, vice president, Sales and Marketing, @RollsRoyce tells delegates that pre-buys have become a lot more sophisticated in recent years.
“But also the technology used for inspections has become more sophisticated too.”#CJILondon pic.twitter.com/S2HwkvlN5h
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
#CJILondon2023 There is a plethora of #connectivity options available today. To cut through the market you need to come up with a revolutionary #solution, according to Shuaib S., director of Global Sales, @GogoBizAv. pic.twitter.com/rRSv3d0mi2
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
Elouisa Dalli of @jetaviation says that one of the biggest challenges for SAF is its premium price compared to traditional jet fuel.
“There is a lot of demand and not enough supply so the green premium will remain relatively high until we can scale the demand.”#CJILondon pic.twitter.com/asWAWzk58T
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
“The good thing about SAF is that it’s a drop in fuel and can use feedstocks that would typically be treated as waste,” says Sven Rieve of Air bp.
“If you are looking at available options today to decrease your carbon emissions, SAF is the solution.”#CJILondon pic.twitter.com/snvBSQcLbl
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
Toby Edwards, CEO, @flyvictor adds that he is already seeing rising demand for the fuel.
“What we are seeing, that is super exciting, is that one in five customers are requesting and using SAF when they book with us.”#CJILondon pic.twitter.com/Ptk05DllJO
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
Elouisa Dalli, senior vice president, Marketing and Communications, @jetaviation tells delegates that there has been significant interest from corporations too.
“Some even are going as far as using 100% using the book and claim system.”#CJILondon pic.twitter.com/DswD8g6QAe
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
Although there is an immediate need to lower carbon emissions, the panellists say that the industry needs to be patient and trust in the process.
“SAF accounts for 1% of fuel used in the global fleet. We need to get that to 10% by 2030,” says Bsales of @4Air_aero .#CJILondon pic.twitter.com/dZ6HKEAeGx
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
Jonathan Wood of @NesteGlobal says that new legislation is a huge incentive to invest in SAF now.
“Policy is going to be incredibly important in SAFs future,” he says. “In the EU around 2% of all fuel used in aviation would need to be SAF by 2025.”#CJILondon pic.twitter.com/gO2bE5gCqG
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
Is SAF (Sustainable Air Fuel) the key to the future of business aviation?
“What you have to remember is that we are the people that are laying the foundation for the rest of aviation,” Nancy (Colucci) Bsales, chief operating officer, @4Air_aero tells delegates.#CJILondon pic.twitter.com/avPkO2U4jz
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
#CJILondon2023 “I think people are taking steps to protect their sensitive personal data,” Katie Bancroft, associate, Jaffa & Co. “But this is not a one and done thing. You need continuous ongoing improvements to ensure your information remains cyber secure.” pic.twitter.com/aXjvAufEnX
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
#CJILondon2023 “If you knew some of the cyber threats that were out there you would probably go back to pen and paper,” says Andrew Douglas, founder, @MakeTechFly. pic.twitter.com/YMhWKPjUa7
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
#CJILondon2023 The responsibility for guiding new aircraft owners through their formative years to ensure they remain in the industry falls at the feet of the operators, according to Karl Mills, chief commercial officer, TAG Europe. pic.twitter.com/K1sAXJhTFg
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
#CJILondon2023 There is a common trend between corporate profits, capital expenditures and business aviation, according to Don Spieth, vice president, Sales and Analytics, @GeneralAviation Services.#CJILondon #GeneralAviationServices #businessaviation pic.twitter.com/ri6LzQTJ4P
— CorporateJetInvestor (@CorpJetInvestor) February 8, 2023
#CJILondon2023- Now we're talking about "the C-Word", aka #Covid19, with Simon May, Flightcare Global.
He says the two things to always be aware of are "determined travellers and crew", with some people travelling despite knowing they are testing positive for Covid.#BizAv pic.twitter.com/rW7bGnoWsi
— CorporateJetInvestor (@CorpJetInvestor) February 7, 2023
#CJILondon2023 Fabian Bello, @JourneyAir says: "I had a handful of clients who bought at the right time and their aircraft appreciated. With pilot issues increasing and pilots quitting, [new clients] are saying they're going to sell their airplane, pocket the money and be done." pic.twitter.com/DZtq5GOQxt
— CorporateJetInvestor (@CorpJetInvestor) February 7, 2023
#CJILondon2023 "Are we seeing a more balanced market?" asks Edward Gross, @VedderLaw.
We're still playing catch up, according to Andy Priester, @PriesterAv. "We got so far behind with the human capital infrastructure that we still have years of catch up."#BusinessAviation pic.twitter.com/wrFUOukXPQ
— CorporateJetInvestor (@CorpJetInvestor) February 7, 2023
#CJILondon2023 What is the future for flight departments?
Andy Priester, @PriesterAv, says: "Being in our business, it's hard, and everyday it winds up getting harder. We are not lacking current regulation and we are not slowing down in getting regulations."#BusinessAviation pic.twitter.com/Caj4xijMZu
— CorporateJetInvestor (@CorpJetInvestor) February 7, 2023
#CJILondon2023 Edward Gross, @VedderLaw asks how the market has coped with sudden growth.
Steve Friedrich, @embraer says: "The US has been able to absorb it because we have that infrastructure."#PrivateJets #BusinessAviation #CJI #AviationMarket pic.twitter.com/IiuGbiZMo4
— CorporateJetInvestor (@CorpJetInvestor) February 7, 2023
#CJILondon2023 "The #metaverse is the next iteration of the #internet, from a two dimensional world to a 3D immersive experience," says @KennethLandau_ , CEO, @mytaverse . Landau says the #metaverse is the most powerful sales tool ever deployed according to @McKinsey. pic.twitter.com/6LxsKtp0WM
— CorporateJetInvestor (@CorpJetInvestor) February 7, 2023
#CJILondon2023 Think about what you do every day in your personal lives #online, the #metaverse is going to change that, according to Jeffrey Lowe, vice president, Asian Sky Group. "It is going to be an integral part of our lives in just 10 years' time." pic.twitter.com/mP5AXMH78t
— CorporateJetInvestor (@CorpJetInvestor) February 7, 2023
#CJILondon2023 You go down the elevator and then you come up the stairs.
Activity fell off sharply due to Covid, before regaining steadily. The first half of last year was extremely strong and the industry has now fully recovered, says David Paddock, president, @jetaviation . pic.twitter.com/OigNAoIOeq
— CorporateJetInvestor (@CorpJetInvestor) February 7, 2023
