Over the next 10 years, Europe’s business aviation fleet is expected to grow from 3,725 aircraft today to nearly 5,020, a compound annual growth rate of 3.4%.
Inventories of used business aircraft for sale declined across the board, except for piston aircraft, during the first quarter of 2019, while sales were down 25%, JetNet says.
The number of April business aviation departures in Europe declined 3.1% compared to a year ago to 66,165 flights, but is similar to March activity, according to WingX Advance data.
Mitsubishi Aircraft said a stretched redesign of what was formerly dubbed the MRJ70, a regional jet follow-on to the company’s in-development MRJ90, is a “realistic possibility” and expects to release new configuration details over coming weeks.
The FAA has yet to develop a plan for modernizing its Civil Aviation Registry—despite being required to complete upgrades by October 2021—according to a new audit report from the U.S. Department of Transportation (DOT) Office of Inspector General (OIG).
Bristow Group has joined a growing list of offshore helicopters operators to enter Chapter 11 bankruptcy protection in a bid to restructure its operation.
Collins Aerospace has announced that Steve Timm has taken over as president of its avionics business unit, five months after the company merged with UTAS.
Startup Airspace Experience Technologies (ASX) has launched a crowdfunding campaign toward building a full-scale demo for its Mobi-One tiltwing eVTOL air taxi.
Boston-based Magellan Jets has launched Elevate, a new private jet membership program, calling it “risk-free membership” with a 30-day satisfaction guarantee.
NBAA has launched a “retargeting” program that allows participants to target those visiting the NBAA website with banner ads as visitors search other internet sites.
Piper Aircraft Co., owned by the government of Brunei, has become entangled in controversy amid a global outcry related to Islamic Brunei’s brutal sex laws.
The U.S. Senate Commerce, Science and Transportation Committee will consider Stephen Dickson’s nomination for FAA administrator May 15, paving the way for the agency to receive its first confirmed leader since January 2018.
Airbus’s Vahana eVTOL demo has completed its first full transitions between vertical and forward flight, tilting its tandem wings fully down and cruising at 90 kt.
Startup XTI Aircraft has completed the first series of test flights of a 65% scale proof-of-concept prototype of its TriFan 600 ducted-fan VTOL business aircraft.
With two major aerostructures businesses—Triumph Group’s and Bombardier’s—being shopped out for new owners, is there suddenly too much of the same “product” in the marketplace?
