Business jet inventories rose 4% in May compared to a year ago, with 1,823 jets for sale, or 7.7% of the total fleet, including all models and vintages, while pricing declined 12%, according to Jefferies.
Contributing to the accident that killed four were airframe ice accumulation due to conditions conducive to icing and the loss of power on one engine, the NTSB says.
The end finally came to an unusually extended “soft” market in which competition drove premiums below the point at which insurers had adequate reserves to pay for large losses.
Piper Aircraft on May 18 announced FAA type certification of its M600/SLS single-engine turboprop featuring Garmin International’s new Autoland system.
Shawn Vick is the chairman and CEO of Global Jet Capital, which helps corporations and individuals with the leasing and financing of new and pre-owned business jets.
The UK government is planning to implement a 14-day self-isolation for aircraft passengers arriving in the country “as soon as possible” as it works to suppress the spread of COVID-19, according to the Opsgroup.