The fast rise in preowned business aircraft pricing, prevalent in the second half of 2021, appears to be leveling off, some brokers say, although they aren’t seeing market softening.
Zanite Acquisition has beefed up the committed funding that is backing its planned going-public merger with Eve, Embraer’s urban air mobility spinoff, as it heads into a May 6 shareholder vote on the deal.
Honeywell has started testing reaction time differences between expert pilots and novices on its prototype simplified vehicle operation cockpit system for electric vertical takeoff and landing aircraft.
Bombardiers’ newest business jet, the Challenger 3500 aircraft, has been honoured with the distinction “Red Dot: Best of the Best” in the Red Dot Award: Product Design 2022.
Italy’s Tecnam Aircraft has introduced a new two-seat piston aircraft called the P-Mentor designed for student training with international deliveries beginning in the next four months.
Bcomp, a Swiss startup producing composites using natural fibers, has received an investment from Airbus Ventures as part of a CHF34 million ($35 million) Series B financing round led by BMW i Ventures.
A hybrid-electric power system designed for applications ranging from drones to uncrewed cargo aircraft and passenger air taxis has been unveiled by startup LaunchPoint Electric Propulsion Solutions.
With testing of a subscale uncrewed demonstrator underway in waters off Tampa, Florida, Regent has solidified its maritime certification path with confirmations from U.S. and European aviation regulators that its planned wing-in-ground-effect (WIG) regional transports are not considered aircraft.
Austrian startup CycloTech and Japanese package carrier Yamato have completed a study into the feasibility of developing an uncrewed cargo aircraft using thrust-vectoring cyclorotor propulsion to operate in confined urban areas, even in high winds.
German energy company EnBW and aerospace research agency DLR have launched a three-year project to explore the use of cargo and passenger drones to support the maintenance of offshore wind farms.
Germany’s Lilium has taken another step in the type certification process for its electric vertical takeoff and landing air taxi, submitting its means of compliance to the European Union Aviation Safety Agency.
Benefiting perhaps from steadily improving relations between China and Indonesia, EHang has secured its largest commitment to date from an Asian customer with preorders for 100 EH216 autonomous air taxis from Prestige Aviation, an Indonesian aircraft sales and management company.
At first, advanced air mobility flights will be piloted. But the industry widely agrees its aircraft must become autonomous at some point if operations are to scale up to hoped-for high volumes. Rather than if, the debate centers largely on when.
Even if you are not a fan of golf, chances are that as a business jet owner, operator, or charter broker, you were probably familiar with the popularity to head to Augusta Regional Airport in Georgia recently for the Masters.
