Honeywell and urban air mobility vehicle developer Vertical Aerospace have signed a letter of intent naming Honeywell as the avionics supplier for Vertical’s passenger-carrying demonstrator aircraft.

The National Air Transportation Association has launched General Aviation Advancing America, an initiative involving focus groups discussing how rural airports and general aviation businesses help a community with economic development, job recovery and emergency response, NATA said. 

PrivateFly, the St Albans, UK-based online charter broker, has launched its own jet card.

Bombardier recorded a 15% decline in business jet deliveries during the second quarter of 2020 and a 28% related revenue decline as the company manages through the COVID-19 pandemic.

FXAIR, described as a provider of “premium on-demand charter,” was formally launched in late July, several months earlier than planned, as its owner, Directional Aviation, restructures its global businesses to better respond to post-COVID-19 opportunities. 

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.