Two aircraft lessors are seizing the opportunity to grow their regional aircraft fleets, with Jetcraft Commercial acquiring 14 Bombardier CRJ1000s and Aergo Capital sealing a sale and leaseback on five De Havilland Canada Dash 8-400s.
Bombardier has suspended all activities with Russian clients, including all forms of technical assistance as the war in Ukraine continues, according to the Montreal-based OEM.
Spirit AeroSystems’ acquisition of the assets of Bombardier’s Short Brothers operation in Northern Ireland in 2020 has accelerated the company’s goal to diversify so it is less reliant on the commercial sector.
The closure of Russian airspace stemming from that country’s invasion of Ukraine is forcing international operators to divert from traditional routes between the U.S. to India and the Asia-Pacific region, adding hours to their flight time, says a corporate flight department chief pilot.
Family-owned fixed-base operator (FBO) network Sheltair Aviation has completed the sale of its operation at Long Island MacArthur Airport (ISP) in Ronkonkoma, New York, to Modern Aviation, Sheltair announced March 4.
Volocopter has received a first tranche of $170 million in Series E financing, with additional investment in the pipeline as the German electric vertical takeoff and landing startup works toward launching urban air taxi service in 2024.
As western sanctions begin to take hold and Russian aircraft owners find themselves with assets they cannot use or even maintain, it is possible some will seek
Dassault engineers, who have put a special focus on meeting the Falcon 6X development program schedule, are facing new challenges to have the aircraft enter into service on time.
The Committee on Foreign Investment in the U.S. (CFIUS), a federal interagency panel under the Treasury Department, has cleared Icon Aircraft’s investment by it
Sanctions being imposed on Russia will cripple the country’s business-aviation sector, according to a panel of aerospace lawyers convened by Corporate Jet Investor for a Town Hall webinar on March 2.
U.S. startup CoFlow Jet has struck an agreement with NASA to commercialize deflected-slipstream technology that would enable an electric vertical/short takeoff and landing (eV/STOL) aircraft to transition to efficient cruise without requiring tilting mechanisms or separate lift rotors.
