London Biggin Hill Airport is seeking a development partner for a new light aviation center to continue its role as a general aviation airport and grow the business.
The number of used business jets available for sale in September has fallen 12%, while pricing declined an average of 1%, according to Jefferies analyst Sheila Kahyaoglu.
The growing, worldwide pilot shortage is affecting virtually every segment of the aviation industry and reports coming from the UK suggest the pre-owned aircraft market is feeling the squeeze.
By the time slow-moving Hurricane Florence rolled onto the North Carolina coast near Wrightsville Beach, on Friday, Sept. 14, it had been downgraded from a Category 5 to Category 1, but business aviation from the Georgia border area through North Carolina had already begun preparations for the worst.
Gulfstream Aerospace appears to be making progress on investor concerns over “Gulfstream profitability” with reports that the company has resolved issues related to the G500 business jet, according to a Jefferies analyst.
Business aircraft flight activity in North America rose 2.1% in August when compared to a year ago, while activity rose 7.1% compared to July, according to Argus International.
Startup Astro Aerospace plans to flight-test its prototype passenger-carrying unmanned aircraft at Toronto Markham Airport this week, after receiving a special flight operations certificate for the vehicle from Transport Canada.
Airware, a startup working on cloud software to manage drone operations and data, and a darling of the UAV-oriented start-up scene, reportedly has closed its doors.
A belabored spinoff of Rockwell Collins’ actuators, pilot controls and special products business to Safran has held up the consummation of Rockwell’s buyout by United Technologies, the chief executive of the latter told analysts recently.
Sheltair Aviation has entered into a long-term lease agreement with Jefferson County, Colorado, to build and operate a full-service fixed-base operation and hangar complex at the Rocky Mountain Metropolitan Airport.
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Satcom Direct is the newest manufacturer and service provider for Iridium Cetus aviation products and will provide the service direct to the business aviation community, Iridium Communications said.
Flexjet posted a 17% increase in fractional and lease sales during the first half of 2018 compared to a year ago, the company said, while new business expanded 76%.
Aerospace giant Singapore Technologies Engineering (ST Engineering) has struck a deal to acquire U.S.-based nacelle manufacturer MRA Systems from General Electric.
