A coalition of industry groups is seeking changes to the eligibility criteria of a treasury loan program created by the Coronavirus Aid, Relief and Economic Security (CARES) Act to help general aviation and regional airlines, which face “significant challenges” accessing the program because of liquidity issues, it says.

Triumph Group has announced a significant step forward in shedding some aerostructures businesses, revealing a definitive agreement to sell its composites operations to private equity investor Arlington Capital Partners.

The board of directors from the Export-Import Bank of the United States (EXIM Bank) has approved a $97.2 million working capital guarantee to support about $211.4 million in export sales by Embraer Executive Aircraft’s Melbourne, Florida, facility. 

Textron Aviation is seeing a pickup in orders for light turboprops and jets from private buyers, but demand from corporations for larger business jets has yet to show signs of recovery, parent company Textron told analysts on July 30.

Gulfstream Aerospace continued to struggle with travel restrictions related to the COVID-19 pandemic in the second quarter of 2020, but managed to deliver 32 business jets compared to 31 a year ago.

The FAA will not extend a three-year partnership initiative with industry and state and local governments that helped launch the first commercial drone delivery operations in the U.S.

Among the few upsides of the COVID-19 pandemic has been the increased interest in business aviation from people who have not previously flown privately. But this emerging new market has not gone unnoticed by criminals eager to exploit it. 

Business aviation is poised to enjoy the best of times post-COVID-19, as the sector welcomes unprecedented numbers of new customers seeking the safety and convenience that private air travel offers, says Kenny Dichter, founder and CEO of Wheels Up.