The unnamed suitors are proposing to purchase the two companies—Piaggio Aviation and Piaggio Aero Industries—which form Villanova d’Albenga-based Piaggio Aerospace.
The market for pre-owned twin-engine helicopters dropped by half during the first half of 2020 as the COVID-19 pandemic took hold, but the segment finished the year with a 10% increase in sales compared to 2019, according to Aero Asset, a Toronto-based helicopter trading firm.
Two industry trade groups are concerned that general aviation and business aircraft operators continue to deal with issues related to the intentional jamming of Global Positioning Systems for defense exercises and have asked the Department of Defense and the FAA for a briefing.
In response to higher power requirements for the emerging autonomous air cargo and urban air mobility markets, Honeywell is developing a 1-megawatt turbogenerator based on the company’s HGT1700 auxiliary power unit.
The entry into service of the new Falcon 6X is still scheduled for 2022, despite the difficulties that the COVID-19 crisis caused in the business jet’s development, according to Dassault Aviation Chairman and CEO Eric Trappier.
Privately held PCX Aerosystems, a Newington, Connecticut, aerospace supplier, will buy Senior Aerospace Connecticut (SAC) in Enfield from Tier 2 supplier Senior for $74 million.
Switzerland-based Vertis Aviation, is expanding its footprint in Africa with the addition of a Bombardier Challenger 604 to the Vertis Charter Management Programme (VCMP).
The FAA plans to launch a public outreach effort to replenish its drone registration system, which this year has experienced a 50% decline in the number of people who have registered or renewed registrations of their aircraft.
Bombardier plans to improve the profitability of its flagship Global 7500, boost aftermarket sales and increase annual revenue by $2 billion in five years as it shifts to a pure-play business jet company following the sale of its rail business in January, the company said during a Virtual Investor Day.
Dubai-based Vista Global is expanding its U.S. presence with a deal to acquire private jet charter broker Apollo Jets, its latest in a series of acquisitions.