After heated sales for the past two years, the market for preowned business aircraft shows signs of stabilizing, according to the International Aircraft Dealers Association data.
Pilatus has opened a new $15 million paint facility at its U.S. Completions Center at Rocky Mountain Metropolitan Airport in Broomfield, Colorado, as it works to keep up with growing demand for the Pilatus PC-24 and PC12 NBX aircraft, the company says.
As Farnborough bursts back onto the global events scene, advanced air mobility—a market that has gained in prominence over the pandemic—is high on the agenda.
Vertical Aerospace and Babcock International are exploring application of the VX4 electric vertical takeoff and landing air taxi to emergency medical services and cargo transportation.
Does the luxury lifestyle market have a role to play in advanced air mobility? Perhaps, based on two new agreements, although the companies involved are far from leaders in the nascent industry.
German start-up carrier Evia Aero has signed a letter of intent with Cranfield Aerospace Solutions (CAeS) to buy 10 conversion kits that will enable nine-seat Britten Norman Islander aircraft to fly regional routes in northern Europe on hydrogen.
Robust growth in the business aviation industry since the pandemic has stretched the industry at every level, but experts say recession fears, higher interest rates, inflation and political unrest mean they are keeping a close eye on a number of key indicators for signs of any slowdown.
The good news is that, in general, the average rate increases through the first quarter of 2022 have been lower than the levels experienced in 2020 through mid-2021.
Boston-based autonomous flight startup Merlin Labs has completed a $105 million Series B round, bringing the total funding raised so far to $130 million.
Global commercial helicopter operator Bristow Group has signed a letter of intent with Elroy Air to order up to 100 Chaparral hybrid-electric vertical takeoff and landing uncrewed cargo aircraft for logistics, health care and energy markets.