Although the business aviation industry has suffered losses during the COVID-19 pandemic, there are many reasons for optimism, Ed Bolen, National Business Aviation Association president and CEO, says.
U.S. President Donald Trump called on Congress to quickly approve a standalone bill to extend the U.S. federal government’s CARES Act Payroll Support Program (PSP) until March 2021.
After 9/11, travelers gradually became accustomed to heightened airport security protocols—now as much a part of the flying experience as long lines and bustling terminals.
Austrian Airlines has cut its capacity for the coming winter schedule to just 30% of 2019 levels as COVID-19 cases in Europe rise while the Lufthansa subsidiary’s liquidity contracts.
Business aircraft manufacturers worldwide are projected to deliver 7,404 new business jets and 2,590 new turboprops over 10 years from 2021 to 2030, valued at a total of $236.5 billion at list prices, with demand for maintenance, repair and overhaul services expected to total $102 billion, according to a new forecast by the Aviation Week Network’s 2021 Business Aviation Fleet & MRO Forecast.
Anticipated effects of the COVID-19 pandemic—including a smaller global fleet, near-term retirements of older aircraft and expected cost-cutting by airlines over the next several years—have led Boeing to cut 10%, or about $100 billion, out of its 20-year forecast for commercial aviation services spending.
The FAA has extended slot rule waivers at three congested U.S. east coast airports through the end of March, in an effort to relieve airlines hard hit by the COVID-19 pandemic.
Southwest Airlines will seek a round of pay cuts from its labor unions as part of a push to reduce costs enough to avoid involuntary furloughs through the end of 2021.
Honeywell projects deliveries of 7,300 new business jets from 2021 to 2030 valued at $235 billion, down 4% from its 10-year forecast a year ago, the company said in a new Global Business Aviation Outlook.
The Singaporean government is looking to focus on COVID-19 testing and unilaterally lifting borders restrictions for travelers coming from countries with low infection rates as “protective measures” to revive its air hub.
