New State Capital Partners, a private equity firm based in Larchmont, New York, has acquired AVEX, a provider of sales and maintenance for Daher TBM turboprop aircraft in North America.

The National Business Aviation Association has postponed its Schedulers & Dispatchers Conference, scheduled for Jan. 18-21 in San Diego, because of the fluid nature of the coronavirus.

The merger values the electric air taxi developer at $2.4 billion, a price backed up by the largest conditional orderbook in the advanced air mobility market.

The European Business Aviation Association (EBAA) has postponed AirOps 2022, moving the two-day annual event from February to April 7-8 because of the rise of COVID-19 infections.

ASL Group has opened an $8 million business aviation terminal at Belgium’s Liege Airport, becoming the exclusive handler of sports and business aircraft through its subsidiary ASL Jet Handling.

The Gulfstream Aerospace flight test program for the new G700 is progressing well, with the majority of test flights using sustainable aviation fuel, the company reports.

The energy requirements of future aircraft must be reduced by at least half by 2050 if aviation is to achieve the goal of net-zero carbon emissions by mid-century, according to a new aviation strategy adopted by German national aviation research agency DLR.

Italian startup FlyingBasket has conducted its first urban cargo drone flights in Turin.