Latest news with #Falcon8X
Yahoo
2 days ago
- Business
- Yahoo
Arkansas governor announces overseas trade mission
Gov. Sarah Huckabee Sanders emerges from the cabin of a Falcon 8X jet on Dec. 12, 2023, that was used as backdrop for an announcement by Dassault Falcon Jet CEO Thierry Betbeze that the French company would invest 'tens of millions' in its Little Rock facility and add 800 jobs (John Sykes/Arkansas Advocate) Gov. Sarah Huckabee Sanders will travel to Europe this month for an overseas trade mission that will include stops in France and Switzerland, according to a Thursday press release from her office. Sanders' trip, which is scheduled for June 14-19, will include appearances at a Paris Air Show panel hosted by the Aerospace Industries Association and a fireside chat organized by the Swiss-American Chamber of Commerce. The governor's first stop is Normandy to honor fallen soldiers, including U.S. Army Private Rodger D. Andrews whose remains were recently identified and will be laid to rest in Arkansas on June 9. She'll continue on to the Paris Air Show to meet with aerospace and defense companies, and then to Switzerland to discuss 'investing in Arkansas with several large corporations,' according to the release. 'International trade missions are a great way to pitch Arkansas to companies that might not otherwise have our state on their radar and have a proven track record of bringing in jobs and investment,' Sanders said in a statement. The governor's visit to the Farnborough International Airshow in England last summer helped secure Taber Extrusions' $60 million, 70 job expansion in Russellville, according to the release. During her trip to the Paris Air Show in 2023, Sanders' discussions helped facilitate Dassault Falcon Jet's $100 million, 800 job expansion in Little Rock and RTX's new $33 million manufacturing facility in East Camden, which was later expanded to a $63 million investment. The governor's 2023 Paris trip also led to what became known as Lecterngate. A series of public information requests submitted that summer by a blogger investigating Sanders' travel expenses revealed a state-issued credit card was used to purchase a $19,000 lectern and carrying case from a Virginia-based company with political ties to Sanders. The discovery prompted lawmakers to request an audit, which found several instances of 'potential noncompliance' with state law. The report was sent to the Arkansas attorney general and Pulaski County's prosecuting attorney, the latter of whom declined to pursue charges. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Yahoo
02-05-2025
- Entertainment
- Yahoo
Max Verstappen arrives in Miami for GP after missing media day for expected baby
Max Verstappen's private jet has just landed in Miami, only hours ahead of jumping into the cockpit for the start of the grand prix weekend. The Dutchman's $50million Falcon 8X arrived in Miami around 8pm on Thursday evening after skipping media commitments while he and his partner Kelly Piquet waited for the birth of their first child. Advertisement The four-time world champion was granted permission from his Red Bull team and F1's governing body the FIA to miss his usual press events. Red Bull issued a statement on Thursday morning saying: 'Max will not be attending media day in Miami as he is expecting a baby. "All is well and he will attend the track tomorrow for the race weekend. We will not be offering any further comment at this time in respect towards the privacy of Max and his family.' However, the 27-year-old is now in Florida to contest this weekend's event which kicks off at 12:30pm local time for FP1 before sprint qualifying four hours later. Piquet is the daughter of three-time world champion Nelson Piquet and went public with their relationship in 2021. Advertisement She has a daughter, Penelope, with former Red Bull driver Daniil Kvyat, and this is her first child with Verstappen. But no official announcement has been made about the birth. Meanwhile, Verstappen, who has a close relationship with Penelope, has previously said he will not change his driving style when he becomes a father. He said: 'I have done it already, so it is not like it is completely new for me. Now it is my DNA, let's say it like that, but I think it is absolutely fine and I know the baby will be in good hands anyway. So for me, you focus on your racing and then go back to your family." Nico Hulkenberg, who is the only other father on the F1 grid, has joked that he hopes Verstappen's first child is a "good sleeper'. Advertisement Hulkenberg, whose daughter was born in 2021, said: 'I hope it is a good sleeper and we've been quite fortunate and there will be lots to discover, many beautiful and nice things that come with it." Other fathers who have recently competed in F1 are Sergio Perez, Kevin Magnussen, Sebastian Vettel, Kimi Raikkonen, Romain Grosjean, and Felipe Massa. Read Also: Oscar Piastri too focused on winning races to worry about his F1 championship lead To read more articles visit our website.
Yahoo
07-03-2025
- Business
- Yahoo
China loses private jets as other Asian growth spots emerge
By Lisa Barrington SINGAPORE (Reuters) - A sharp fall in the number of private jets based in China in recent years shows the impact a weakening domestic economy, anti-corruption drives and the pandemic have had on the country's wealthiest, according to business aviation industry data and experts. At the end of last year there were a third fewer private jets based in mainland China, Hong Kong and Macau than the 2017 peak of 481 planes, according to data from business aviation consultancy and broker Asian Sky Group. In the same period, the number of private jets in the rest of the Asia-Pacific region grew by 20%, led by India, Australia and Japan. Business jets are specially designed and customisable aircraft bought or chartered by cash-rich and time-poor companies and wealthy individuals. Flying privately costs from a couple to many thousands of dollars per hour, depending on the size of the aircraft. Even used Falcon 8X jets, a popular long-range model made by France's Dassault Aviation, can cost about $42 million, according to online listings. Much of the reduction in China has come from aircraft being sold, such as those owned by property firms like China Evergrande Group after the sector slipped into an unprecedented debt crisis in mid-2021. Others were moved to places like Singapore and Japan, mirroring an exodus of wealthy Chinese abroad in recent years. "We've picked up some nice management contracts from family owners, family offices that have moved down from Hong Kong into the more secure Singapore region," Stefan Wood, executive director at private aviation firm Air 7 Asia, told a business aviation conference in Singapore this week. Singapore has seen steep growth in high-net-worth family offices in recent years. There were 2,000 last year, up from 400 in 2020, authorities have said. INDIA A BRIGHT SPOT China remains the largest market in Asia, but "there is a clear reduction in business jet use for corporate flights," said Dennis Lau, consultancy services director at Asian Sky Group. VistaJet, a global firm that rents out its own private jets, does not yet see business in China back at pre-COVID levels, Chief Commercial Officer Ian Moore said. "We have not focused on China as being the epicentre of Asia like you may have done five or 10 years ago. We have seen the growth coming from Southeast Asia, Japan and other regions," he told Reuters on the sidelines of the Business Aviation Asia Forum and Expo. Asia-Pacific accounts for just 7% of the global business jet fleet, which is dominated by the huge North American market, but the region is forecast to grow at 2.1% a year over the next 10 years, outstripping the global average of 1.4%, according to the Aviation Week Intelligence Network. As jet numbers fall in China, Southeast Asian countries like Singapore, Vietnam, Laos, Indonesia and Thailand in particular have seen strong growth rates, albeit from low bases. The shift is partly to do with Chinese policies, such as crackdowns on ostentatious displays of wealth and long-lasting pandemic restrictions, according to industry executives. But they said it was also attributable to emerging wealth in countries like India and Vietnam where manufacturing and foreign investment is increasingly moving as international companies look to diversify their supply chains beyond China. The number of private planes in India has grown by almost a quarter since 2019 to 168 last year. "India we see as an area of very intense activity that's certainly expected to grow," Lau said. Sign in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
China loses private jets as other Asian growth spots emerge
By Lisa Barrington SINGAPORE (Reuters) - A sharp fall in the number of private jets based in China in recent years shows the impact a weakening domestic economy, anti-corruption drives and the pandemic have had on the country's wealthiest, according to business aviation industry data and experts. At the end of last year there were a third fewer private jets based in mainland China, Hong Kong and Macau than the 2017 peak of 481 planes, according to data from business aviation consultancy and broker Asian Sky Group. In the same period, the number of private jets in the rest of the Asia-Pacific region grew by 20%, led by India, Australia and Japan. Business jets are specially designed and customisable aircraft bought or chartered by cash-rich and time-poor companies and wealthy individuals. Flying privately costs from a couple to many thousands of dollars per hour, depending on the size of the aircraft. Even used Falcon 8X jets, a popular long-range model made by France's Dassault Aviation, can cost about $42 million, according to online listings. Much of the reduction in China has come from aircraft being sold, such as those owned by property firms like China Evergrande Group after the sector slipped into an unprecedented debt crisis in mid-2021. Others were moved to places like Singapore and Japan, mirroring an exodus of wealthy Chinese abroad in recent years. "We've picked up some nice management contracts from family owners, family offices that have moved down from Hong Kong into the more secure Singapore region," Stefan Wood, executive director at private aviation firm Air 7 Asia, told a business aviation conference in Singapore this week. Singapore has seen steep growth in high-net-worth family offices in recent years. There were 2,000 last year, up from 400 in 2020, authorities have said. INDIA A BRIGHT SPOT China remains the largest market in Asia, but "there is a clear reduction in business jet use for corporate flights," said Dennis Lau, consultancy services director at Asian Sky Group. VistaJet, a global firm that rents out its own private jets, does not yet see business in China back at pre-COVID levels, Chief Commercial Officer Ian Moore said. "We have not focused on China as being the epicentre of Asia like you may have done five or 10 years ago. We have seen the growth coming from Southeast Asia, Japan and other regions," he told Reuters on the sidelines of the Business Aviation Asia Forum and Expo. Asia-Pacific accounts for just 7% of the global business jet fleet, which is dominated by the huge North American market, but the region is forecast to grow at 2.1% a year over the next 10 years, outstripping the global average of 1.4%, according to the Aviation Week Intelligence Network. As jet numbers fall in China, Southeast Asian countries like Singapore, Vietnam, Laos, Indonesia and Thailand in particular have seen strong growth rates, albeit from low bases. The shift is partly to do with Chinese policies, such as crackdowns on ostentatious displays of wealth and long-lasting pandemic restrictions, according to industry executives. But they said it was also attributable to emerging wealth in countries like India and Vietnam where manufacturing and foreign investment is increasingly moving as international companies look to diversify their supply chains beyond China. The number of private planes in India has grown by almost a quarter since 2019 to 168 last year. "India we see as an area of very intense activity that's certainly expected to grow," Lau said. Sign in to access your portfolio
Reuters
07-03-2025
- Business
- Reuters
China loses private jets as other Asian growth spots emerge
SINGAPORE, March 7 (Reuters) - A sharp fall in the number of private jets based in China in recent years shows the impact a weakening domestic economy, anti-corruption drives and the pandemic have had on the country's wealthiest, according to business aviation industry data and experts. At the end of last year there were a third fewer private jets based in mainland China, Hong Kong and Macau than the 2017 peak of 481 planes, according to data from business aviation consultancy and broker Asian Sky Group. In the same period, the number of private jets in the rest of the Asia-Pacific region grew by 20%, led by India, Australia and Japan. Business jets are specially designed and customisable aircraft bought or chartered by cash-rich and time-poor companies and wealthy individuals. Flying privately costs from a couple to many thousands of dollars per hour, depending on the size of the aircraft. Even used Falcon 8X jets, a popular long-range model made by France's Dassault Aviation ( opens new tab, can cost about $42 million, according to online listings. Much of the reduction in China has come from aircraft being sold, such as those owned by property firms like China Evergrande Group ( opens new tab after the sector slipped into an unprecedented debt crisis in mid-2021. Others were moved to places like Singapore and Japan, mirroring an exodus of wealthy Chinese abroad in recent years. "We've picked up some nice management contracts from family owners, family offices that have moved down from Hong Kong into the more secure Singapore region," Stefan Wood, executive director at private aviation firm Air 7 Asia, told a business aviation conference in Singapore this week. Singapore has seen steep growth in high-net-worth family offices in recent years. There were 2,000 last year, up from 400 in 2020, authorities have said. INDIA A BRIGHT SPOT China remains the largest market in Asia, but "there is a clear reduction in business jet use for corporate flights," said Dennis Lau, consultancy services director at Asian Sky Group. VistaJet, a global firm that rents out its own private jets, does not yet see business in China back at pre-COVID levels, Chief Commercial Officer Ian Moore said. "We have not focused on China as being the epicentre of Asia like you may have done five or 10 years ago. We have seen the growth coming from Southeast Asia, Japan and other regions," he told Reuters on the sidelines of the Business Aviation Asia Forum and Expo. Asia-Pacific accounts for just 7% of the global business jet fleet, which is dominated by the huge North American market, but the region is forecast to grow at 2.1% a year over the next 10 years, outstripping the global average of 1.4%, according to the Aviation Week Intelligence Network. As jet numbers fall in China, Southeast Asian countries like Singapore, Vietnam, Laos, Indonesia and Thailand in particular have seen strong growth rates, albeit from low bases. The shift is partly to do with Chinese policies, such as crackdowns on ostentatious displays of wealth and long-lasting pandemic restrictions, according to industry executives. But they said it was also attributable to emerging wealth in countries like India and Vietnam where manufacturing and foreign investment is increasingly moving as international companies look to diversify their supply chains beyond China. The number of private planes in India has grown by almost a quarter since 2019 to 168 last year. "India we see as an area of very intense activity that's certainly expected to grow," Lau said. here.
