NetJets has cut a quarter of its staff at two divisions and revised downward the number of aircraft it plans to accept in 2020 as the company restructures its business in response to the COVID-19 crisis.
Textron Aviation posted a drop in deliveries, profit and revenue during the first quarter of 2020 as deliveries were delayed and demand declined due to the COVID-19 pandemic and a December plant accident that disrupted composite production.
Newly published FAA guidance on standardized training for charter and air taxi pilots is being lauded by industry stakeholders as a safety benefit that has the added bonus of streamlining administrative procedures.
The FAA, responding to urgent calls from business and general aviation stakeholders, has provided relief from a number of licensing and training requirements that threatened to ground operators unable to perform normally routine renewals due to the novel coronavirus pandemic.
The Aircraft Owners and Pilots Association has issued a state-by-state guide to help pilots navigate the latest requirements on general aviation flying under mandatory stay-at-home orders in a variety of states and territories.
The U.S. Air Force has expanded its interest in emerging electric vertical-takeoff-and-landing aircraft to encompass vehicles able to carry one-two people or more than 500 lb. of cargo.
Gulfstream Aerospace business jet deliveries declined in the first quarter of 2020 due to travel restrictions brought on by the COVID-19 pandemic, while constraints in its supply chain are affecting production.
Manufacturers of high-altitude pseudo-satellites (HAPS)–stratospheric balloons and unmanned aircraft–are touting a multibillion-dollar market opportunity in telecommunications, Earth observation and weather prediction.
Fielding a technology that can expand the use of additive manufacturing in parts production, startup Velo3D has secured $28 million in Series D funding, taking total financing raised so far to $138 million.
Verizon portfolio company Skyward has added a “Live Flights” feature to its aviation management platform that enables users to monitor drone flights in near real time from their offices or wherever they have internet connectivity.
France has begun the first phase of developing an unmanned aircraft systems traffic management architecture called “Hubspace” that it plans to deploy by 2023 to manage drone traffic nationwide.
Startup Skyryse is flight testing the software for the first application of its FlightOS automation system as it progresses toward certification of the aircraft-agnostic fly-by-wire (FBW) architecture on its first platform.
An international business aviation trade group is asking the International Civil Aviation Organization to adjust an emissions baseline that includes 2020 data to assess offsetting obligations in light of the COVID-19 impact on global air travel.
PrivateFly, a UK-based broker, has been publishing a quarterly Private Jet Charter Trends report since 2016, but never before has CEO and co-founder Adam Twidell had to write one quite like the latest edition, covering the first three months of 2020.
