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.
The satellite operator Intelsat announced May 13 that it has declared Chapter 11 bankruptcy as part of a financial restructuring to free up liquidity and continue operations while it awaits repayment from the government from an auction of C-band spectrum.
The COVID-19 pandemic may create momentum in the light business jet segment should it lead to what some expect will be an increase in passengers turning to private aviation.
Worldwide business aviation activity fell 58% in the first two weeks of May compared to a year ago, an improvement from the 70% drop in traffic in April, according to WingX Advance.
The UK has launched the second phase of a £300 million ($366 million) challenge to develop a novel aviation system enabling safe operation of new types of aircraft including delivery drones, urban air taxis and electric regional aircraft.