“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
Dassault order losses exceed sales
Dassault Aviation logged $1.28 billion in Falcon sales in the first half of the year, down from $1.56 billion in the same period last year after order cancellations far exceeded sales. Thus, Dassault's consolidated orders for the first six months equaled negative $1.5 billion, compared with $3.4 billion in the year-ago period. The company delivered 26 Falcons in the first half of this year, versus 34 in the same span last year. Despite the weak first half, Dassault said it is still committing resources to developing the Falcon 900LX and the super-midsize Falcon SMS.