Latest news with #GAMA
Hans India
2 hours ago
- Entertainment
- Hans India
GAMA Awards 2025 to light up Dubai on Aug 30
The 5th edition of the prestigious Gulf Academy Movie Awards (GAMA) is set to take place on August 30, 2025, at the Sharjah Expo Centre, Dubai. Known for celebrating the best in Tollywood, the event promises to be a cinematic spectacle with grand performances, celebrity appearances, and global recognition. Ahead of the main event, the GAMA Excellence Awards will be held on August 29. As part of the recent Keinfra Properties launch in Dubai, the theme song for GAMA 2025 was unveiled. The song, penned by Oscar-winner Chandrabose and composed and sung by Raghu Kunche, was met with overwhelming applause from the Telugu community in the UAE. Tollywood stars including SiddhuJonnalagadda, TejaSajja, Kiran Abbavaram, Sree Vishnu, Meenakshi Chaudhary, and Daksha Nagarkar will attend. Special performances by Urvashi Rautela, Faria Abdullah, Ketika Sharma, and others will energize the crowd. Film legends such as Brahmanandam, Sukumar, Devi Sri Prasad, Thaman, Ashwini Dutt, and more will grace the event. Over 24 crafts of Telugu cinema will be honored through public voting. Chairman Trimurtulu and CEO Saurabh Kesari assured a grand experience with seating for 10,000 attendees. The GAMA Awards 2025 aim to be the biggest celebration of Telugu cinema on an international stage.
Yahoo
23-05-2025
- Business
- Yahoo
Business Jet Market to Hit the Market Valuation of US$ 29.75 billion by 2033
Business jet market stabilizes post-pandemic, with 192 Q1 orders chiefly fleet renewals; ultra-long-range backlogs exceed 1,000 units; rising pre-owned listings—1,098 jets—moderate prices, forcing OEM output realignments and invigorating MRO demand across the world. Chicago, May 23, 2025 (GLOBE NEWSWIRE) -- The global business jet market was valued at US$ 20.83 billion in 2024 and is expected to reach 29.75 billion by 2033, growing at a CAGR of 4.04% during the forecast period 2025–2033. The business jet market entered 2024 with demand finally matching the calmer rhythm typical before 2020, yet orderbooks remain anything but sluggish. According to GAMA's February 2024 shipment report, OEMs delivered 730 aircraft in 2023 and have penciled in 755 deliveries for 2024, supported by a backlog of roughly 3 100 jets—its highest level in nearly a decade. Corporate operators that delayed upgrades during the pandemic are now executing multi-year replacement schedules, particularly for aircraft manufactured between 2003 and 2009 whose maintenance costs ballooned once flight activity rebounded in 2021-2023. ARGUS TraqPak data underscore this shift: flight hours for jets older than fifteen years fell by 210 000 cycles in 2023, while hours on aircraft younger than five years climbed steadily. In the business jet market, that behavioral change signals a sustained pull for newer models, even though overall utilization growth has leveled. Download Sample Pages: OEM production lines are adjusting accordingly. Bombardier moved Global 5500 final assembly to its modernized Toronto facility, unlocking slots for more Global 8000 units. Embraer's São José dos Campos plant, already running two shifts, has added a dedicated Phenom 100EV line to capitalize on entry-level demand. Meanwhile, Gulfstream is maintaining G400 certification timing by reallocating engineers from the nearly complete G800 program. Such realignments reveal an industry prioritizing throughput without overheating. By creating delivery positions in the 2026-2027 window, manufacturers are meeting fleet-renewal needs while insulating the business jet market from the boom-and-bust cycles that characterized earlier decades. Key Findings in Business Jet Market Market Forecast (2033) US$ 29.76 billion CAGR 4.04% Largest Region (2024) North America (67.43%) By Type Business Jet (93.26%) By Engine Type Jet Engines (65.88%) By System Propulsion System (31.84%) By End Users Operators (55.83%) By Point of Sale OEM (55.80%) Top Drivers Surging ultra-high-net-worth individual population demanding faster intercontinental business travel solutions. Corporate sustainability mandates accelerating adoption of new-generation fuel-efficient jet platforms. Record-low pre-owned inventory pushes operators toward factory-new aircraft purchase commitments. Top Trends Proliferation of fractional ownership models expanding accessibility to midsize jets. Cabin connectivity upgrades leveraging LEO constellations enable seamless inflight conferencing. Increasing sustainable aviation fuel availability integrates into corporate flight departments. Top Challenges Persistent engine component shortages delaying deliveries across long-range jet programs. Airspace congestion intensifying slot restrictions at major North American hubs. Evolving emissions regulations creating uncertainty around future resale values globally. Ultra-Long-Range Jets Dominate Backlogs, Challenging Traditional Large-Cabin Leaders Across OEMs A granular look at business jet market orderbooks shows that ultra-long-range models—those capable of 7,000 nautical miles or more—capture the lion's share of fresh commitments in the business jet market. Gulfstream's G700 accounts for nearly 580 firm orders, Bombardier's Global 8000 has crossed the 300-order mark since its 2022 launch, and Dassault records 132 Falcon 10X positions ahead of first flight. These figures eclipse the combined backlog for traditional large-cabin types such as the G500/600 and Falcon 8X. The narrative is being driven by multinational firms seeking nonstop links between second-tier financial centers: think Los Angeles–Riyadh or Singapore–San José. Equally significant, performance extras are no longer the sole differentiator. Cabin cross-sections above eight feet, lower 4,000-foot-equivalent pressurization, and certified altitude ceilings of 51,000 feet are proving decisive in purchase committees. In the business jet market, passengers care less about shaving ten minutes off flight time and more about arriving rested and connected. OEMs are therefore embedding dual-band Ka-satcom antennas, predictive maintenance gateways, and inflight humidification systems as baseline, not optional. The success of this segment is reshaping portfolio strategies: Textron Aviation has shelved studies for a Citation Longitude+ and is instead evaluating an all-new platform to stretch beyond 6 500 nautical miles. Meanwhile, engine makers Rolls-Royce and GE Honda Aero are accelerating next-generation core demonstrators aimed squarely at 20,000-pound-thrust applications, underscoring how the ultra-long-range wave is redirecting R&D dollars across the entire market landscape. Corporate Sustainability Pivots Investment Toward SAF-Compatible Engine Platforms In Fleets Environmental scrutiny is reshaping board-level aviation policies faster than any regulation. By March 2024, 27 U.S. airports consistently supplied sustainable aviation fuel, while total global SAF deliveries to business aviation reached 300 million liters, reports the Air Transport Action Group. Multinational corporations such as Microsoft, Gucci, and Siemens have begun contractually mandating that charter providers document SAF uplift per mission. Consequently, fleet managers assessing new purchases now give ample weight to fuel-burn baselines and feedstock compatibility. In the business jet market, that tilt has dramatically favored platforms powered by Rolls-Royce Pearl and Pratt & Whitney PW800 series engines, both certified for 100% SAF blends. Concrete investment follows principle in the business jet market. Three Fortune 100 companies placed launch orders for Bombardier's EcoJet technology demonstrator after the Canadian OEM disclosed wind-tunnel data showing a 20-meter span blended-wing body and laminar flow savings of about 1 000 pounds of fuel on a 4 000-nautical-mile leg. At the operational level, the market logged 14 500 book-and-claim SAF transactions in 2023—triple the 2021 tally and a figure already surpassed in the first four months of 2024. The market is also exploring electric taxi systems and lightweight cabin materials: F/LIST delivered 60 ship-sets of bio-resin sidewalls to two OEMs this year, demonstrating that sustainability influences not only propulsion but every specification line item. For decision-makers, the message is unambiguous—decarbonization is no longer peripheral; it is a central filter guiding purchase approvals and residual-value expectations in the evolving business jet market. Pre-Owned Inventory Rebounds, Reshaping Pricing And OEM Production Strategies Today After historic scarcity in 2022, the pre-owned channel is swinging back toward equilibrium in the business jet market. JetNet iQ's Q4 2024 briefing lists 1,098 business jets actively for sale, up from 730 a year ago yet still below the 1,600 listings considered 'normal' prior to 2020. Average aircraft age on market—17.4 years—and time to sell—198 days—provide granular clues to buyer sentiment: value shoppers remain disciplined, but any aircraft with deferred maintenance languishes. This incremental supply has moderated ask prices, which settled at a median $13.2 million by April 2024. That transparent correction is welcome news for corporate flight departments budgeting replacements. OEMs are monitoring every uptick. Gulfstream dialed back G650ER production from 36 to 28 units for 2024 to avoid overlap with gently-used 2018 airframes returning from private equity owners. Textron Aviation, by contrast, saw improving Citation Latitude residuals as a green light to add seven additional white-tail slots. Such nimble responses underscore a broader truth in the business jet market: the health of the pre-owned segment directly governs factory cadence. In the market, stakeholders now treat inventory metrics with the same gravity once reserved for macro-economic indicators. Brokers expect listings to approach 1 300 jets by year-end, but they also predict more first-time owners drawn by improved choice and transparent maintenance records thanks to digital logbooks. Thus, resurgent pre-owned supply is not a harbinger of downturn; rather, it is a pressure-relief valve keeping the market balanced and credible. Regional Hotspots Show Divergent Growth Drivers And Delivery Profiles Patterns Region-specific data illuminate why a single global narrative rarely suffices. North America maintained its traditional lead in the business jet market with 430 deliveries in 2023, fueled by strong corporate profits and the convenience of 5 000 paved runways suitable for jets. Europe followed with 160 units, though sanctions-related airspace constraints over Russia altered routing patterns and nudged some owners toward longer-range types. Asia-Pacific recorded 72 deliveries, with India absorbing 18 of them—its highest intake on record—as family-owned conglomerates upgraded to midsize cabins to reach Africa nonstop. Meanwhile, the Middle East and North Africa accepted 40 aircraft, boosted by sovereign funds demanding ultra-long-range models for travel to the Americas. Latin America rounded out the tally with 28 deliveries, where Mexico's fractional start-ups ordered Phenom 100EVs to serve high-elevation strips. These granular figures reveal distinct purchase rationales in the business jet market. Whereas U.S. buyers in the market emphasize dispatch reliability, European owners increasingly highlight emissions compliance under the EU ETS cap. In Asia-Pacific, availability of skilled crews is paramount; operators spent the first quarter of 2024 recruiting 250 additional pilots, many from commercial airlines retrenching capacity. The Middle Eastern market, by contrast, measures value through bespoke cabin finishes and quick-change medevac kits. For stakeholders, acknowledging these disparate drivers is essential when forecasting opportunities or deciding where to allocate maintenance bases. A one-size-fits-all strategy no longer suffices; rather, the business jet market requires region-tuned offerings, financing terms, and support infrastructures to capture latent demand and ensure enduring customer satisfaction. Digitalization And Cabin Connectivity Emerge As Prime Differentiators For Buyers In 2024, connectivity has advanced from amenity to prerequisite in the business jet market. Inmarsat counts 4,500 active Jet ConneX Ka-band terminals, up 600 units year on year, while Gogo reports 1,375 Avance L5 installations. Corporate travelers treat uninterrupted video conferencing as non-negotiable; thus, aircraft lacking dual-provider redundancy face longer selling cycles. Equally transformative is predictive maintenance. Dassault's FalconScan and Gulfstream's PlaneConnect Fleet are now logging more than 18 terabytes of aircraft-health data every week. These streams feed digital twins that forecast component lifetimes down to singular flight legs, cutting unscheduled events. In the business jet market, such dependability translates directly into retained value and higher dispatch rates. Cabin interfaces follow suit. Touchless controls, OLED lighting zones, and AI-assisted voice commands powered by Collins' Venue CMS upgrade packages are penetrating retrofit programs. Moreover, cloud-based weight-and-balance apps and Bluetooth-enabled e-tasters for baggage compartments shorten pre-flight checks, enhancing operational efficiency. The uptick in digital sophistication is not purely technical; it is commercial. Financing agreements now routinely stipulate that borrowers keep flight-data-monitoring subscriptions active, allowing lessors real-time insight into asset utilization. Put simply, the business jet market treats connectivity and data transparency as baseline value propositions that influence charter rates, residual curves, and even insurance premiums. Decision makers ignoring this shift risk fielding aircraft perceived as technologically dated well before their airframe hours suggest obsolescence. Supply Chain Constraints Easing, But Skilled Labor Gaps Remain Persistent Parts shortages that hampered 2022 production have largely moderated. Honeywell reduced average lead times for TFE731 turbine blades to 210 days, down from 265, while Spirit AeroSystems cleared its 1,800-unit backlog of G500/600 fuselage barrels. Nevertheless, the business jet market still contends with labor bottlenecks. NBAA's 2024 workforce study shows 13 000 open positions for A&P technicians across North America, and Embraer's executive-jet division cites mechanic vacancies as the sole factor limiting Phenom output. OEMs are responding with apprenticeship partnerships at Wichita State, Savannah Technical College, and École Nationale de l'Aviation Civile, collectively training 1 200 students this year. Materials availability is another nuance. Toray's carbon-fiber allocation for private-airframe customers is stable, yet Grade-5 titanium forgings used in wing spars remain scarce, forcing Dassault to re-sequence Falcon 10X build blocks. At the same time, avionics suppliers are normalizing chip inventories: Garmin now guarantees 16-week delivery for G3000 processors, aiding on-time completions at Eclipse and HondaJet. Still, risk lurks in concentrated sub-tier vendors; a fire at a single resin plant in March 2024 briefly halted cabin floorboard production across three OEMs. Thus, vigilance is critical. Stakeholders must strengthen dual-sourcing, invest in additive manufacturing, and, most of all, attract and retain skilled labor. Only through such holistic resilience can the business jet market transition from reactive production adjustments to a sustainable cadence that meets customer expectations without compromising quality. Need Custom Data? Let Us Know: Leasing And Fractional Ownership Expand Access, Redefining Utilization Metrics Globally Leasing and fractional models are rewriting the rulebook on ownership economics. NetJets operates a fleet that surpassed 1 000 aircraft in January 2024, while Flexjet's tally stands at 270, both posting record-high flight schedules. VistaJet reported 220 000 program hours flown in 2023 and is on pace to exceed that by mid-November 2024. Ascend by Cirium counts 280 business jets under operating lease worldwide, up from 190 in 2021, reflecting stronger appetite among banks and alternative lenders. These structures offer capital-light entry points for companies hesitant to place full purchase orders yet unwilling to depend on ad-hoc charter. Their impact ripples beyond financing. Fractional operators drive aircraft at least twice as intensively as corporate owners, pushing mid-life airframes into heavy checks sooner and thus generating MRO demand. High utilization also accelerates cabin refresh cycles, spurring interior-modification revenue streams. In the business jet market, the resulting data troves—hours flown, mission profiles, maintenance touchpoints—feed algorithms that refine residual-value forecasts and influence insurance underwriting. New entrants such as France's OpenJet and Dubai's JetLease also employ app-based booking platforms that integrate carbon calculators and slot-availability forecasts, satisfying the modern traveler's craving for transparency. For decision makers, the lesson is clear: integrating leasing or fractional options into fleet strategy not only optimizes capital but also aligns with shifting expectations of flexibility, sustainability, and digital convenience that now define the forward-looking market. Global Business Jet Market Major Players: Airbus Corporate Jets Bombardier Inc. Boeing Commercial Airplanes Dassault Aviation Embraer S.A. Gulfstream Aerospace Corporation Honda Aircraft Company Pilatus Aircraft Ltd. Textron Aviation Sirius Aviation Other Prominent Players Key Segmentation: By Type Jets Light Jets Midsize Jets Super Midsize Jets Large Cabin Jets Ultra-Long-Range Aircraft Airliner Others Services Repair & Maintenance Charter Services By Engine Type Jet engines Turboprop engines By System Propulsion System Avionics Cabin Interiors Others By End User Operator Private Jet Users By Point of Sale OEM After Market By Region North America Europe Asia Pacific Middle East & Africa South America Request Additional Details Before Purchase: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Nikkei Asia
10-05-2025
- Business
- Nikkei Asia
Tabletop games industry fears losing big under Trump's China tariffs
TOKYO -- U.S. President Donald Trump has at times downplayed the impact of his tariffs on China, suggesting recently that children could have "two dolls instead of 30" if supplies run low at American toy stores. A multibillion-dollar leisure sector with legions of devotees, however, insists that this is no game. "If the tariffs continue indefinitely, our industry will cease to exist in its current form," said John Stacy, executive director of the Game Manufacturers Association (GAMA), an international group representing the tabletop gaming industry. "Many U.S.-based game companies will close or shift operations overseas and focus on consumers in other countries that offer better opportunities for them."
Time of India
30-04-2025
- Business
- Time of India
AAC block makers feel heat amid supply glut, low demand
Ahmedabad: Manufacturers of autoclaved aerated concrete (AAC) blocks in the state are facing a severe market downturn due to oversupply and low demand. The state, home to more than 60 manufacturing units with 38 in and around Ahmedabad, has a production capacity of 22,000 cubic metres per day against a demand of only 6,000 cubic metres. This has led to a steep decline in prices, from Rs 4,900 per cubic metre in 2021-22 to Rs 3,000 after Holi this year. The Gujarat AAC Block Manufacturers' Association (GAMA) feels there will be consolidation in the market in the near future. Suresh Badgujar, treasurer of the Gujarat AAC Block Manufacturers' Association (GAMA), said, "The real estate is witnessing a liquidity crisis, and due to that, the payment cycle for AAC block manufacturers now stretches to six months. Most of the units are facing difficulties." You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad Industry insiders said that some units may undergo ownership changes and at least one is likely to miss its loan instalment. The sector, which gained prominence around 2012 and currently holds over 90% market share in high-rise construction, is heading toward consolidation. Uttam Patel, MD of a leading manufacturing company, who will be acquiring his third plant near Bavla, said, "With investments of Rs 35 crore per unit, the industry is shifting towards lower-margin situation."
