Sports travel is shaping up to be the fastest-growing sector in the air charter industry for 2021 because of a packed calendar of scheduled and rescheduled high-profile events, according to Chapman Freeborn, an air charter broker.

Kevin Thomas joined XOJet Aviation in 2019 and holds the position of president and chief operating officer.

The world’s third VVIP Airbus ACJneo will enter service after a handover ceremony to its customer before the end of August.

Used business aircraft sales picked up sharply in June and July after the COVID-19 pandemic and its economic impact hit them hard in the two earlier months.

Worldwide turboprop utilization in July reached its highest levels so far in 2020, with 85,574 multi-engine flight hours and 61,510 single-engine flight hours, according to Aviation Week Intelligence Network flight tracking data. 

Wheels Up has formed a new business division called Wheels Up Aircraft Sales, offering aircraft brokerage, acquisition, trade and advisory services.

During the first six months of 2020, business and general aviation avionics sales declined 23.6% from the same time a year ago due to the impact of the COVID-19 pandemic, reversing three consecutive years of growth, the Aircraft Electronics Association says. 

Engineered Propulsion Systems (EPS) has filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court Western District of Wisconsin, while Chinese and “other foreign interests” are poised to buy the company’s assets and intellectual property.