The Week in Business Aviation - May 07

Gulfstream Laying Off 700 In Savannah, Closing Las Vegas Service Center

Gulfstream Aerospace is cutting jobs throughout its business operations, including nearly 700 at its Savannah, Georgia headquarters, in response to the impact from the coronavirus pandemic.  

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Without AirVenture Oshkosh 2020, EAA To Draw On Financial Reserves

The Experimental Aircraft Association (EAA) is able to weather the financial loss from the cancellation of AirVenture Oshkosh in July, EAA’s chair and CEO Jack Pelton said, but it may mean scaling back growth on some of its programs. 

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VoltAero Unveils Clean-Sheet Design For Hybrid-Electric Aircraft Family

French startup VoltAero has revealed plans for a family of three hybrid-electric aircraft with four to 10 seats. Initial deliveries of the four-seat Cassio 330, first of the family, are targeted for the end of 2022.

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Companies Named To Develop Drone Remote ID Service Requirements

The FAA has named eight companies that will assist the agency in establishing technology requirements for suppliers of remote identification services for small unmanned aircraft systems (UAS).

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BBGA Chief: Time For Bizav To Tackle ‘The Politics Of Envy’

As the business aviation sector works to bounce back when COVID-19 travel restrictions begin to lift, in Britain, the industry has a significant additional hurdle to overcome. 

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NBAA Reduces Workforce As It Grapples With COVID-19 Challenges

The National Business Aviation Association (NBAA) has made “significant” reductions to its workforce as it contends with the effects of the COVID-19 pandemic, including the cancellation of its events through July 1, the business aviation trade group announced May 5. 

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Daily Memo: Some U.S. Airports Hit CARES Act Jackpot, Others Cry Foul

Devil’s Lake Regional Airport in northwestern North Dakota is flying high after hitting the jackpot of a lifetime under the CARES Act. 

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Daher Unveils Autoland For TBM 940s; Adjusts Delivery Outlook

Daher’s line of 2020 TBM 940 turboprops will come equipped with HomeSafe, an emergency autoland system, the company announced during a video press conference May 6.

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Raytheon Tech To Slash Workforce, Billions In Costs Due To COVID-19

Month-old Raytheon Technologies is slashing billions of dollars in costs and other retrenchments, including workforce cutbacks, as commercial OEM and aftermarket revenue could be halved this year in the wake of COVID-19. 

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COVID-19 Impact On Deliveries Drains Cash At Bombardier

Bombardier saw a $600-800 million impact on cashflow in the first quarter due to the COVID-19 crisis and projects a similar impact in the second quarter, during which it expects business activity to hit a low point before beginning to recover.

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From Gulfstream and NBAA reducing their workforces to AirVenture Oshkosh 2020 being cancelled, it has been another big week for the business aviation market dealing with the impact of the coronavirus pandemic.

A roundup of business aviation news powered by The Weekly of Business Aviation. Subscribers can access the articles here. Not a subscriber? Find out more.

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