Bombardier saw a $600-800 million impact on cashflow in the first quarter due to the COVID-19 crisis and projects a similar impact in the second quarter, during which it expects business activity to hit a low point before beginning to recover.
Month-old Raytheon Technologies is slashing billions of dollars in costs and other retrenchments, including workforce cutbacks, as commercial OEM and aftermarket revenue could be halved this year in the wake of COVID-19.
Spurred by the COVID-19 pandemic, Rolls-Royce launched what it believes is the first travel-free, fully immersive virtual reality training course for its business jet engines on May 4, 2020.
Daher’s line of 2020 TBM 940 turboprops will come equipped with HomeSafe, an emergency autoland system, the company announced during a video press conference May 6.
As the business aviation sector works to bounce back when COVID-19 travel restrictions begin to lift, in Britain, the industry has a significant additional hurdle to overcome.
The FAA has named eight companies that will assist the agency in establishing technology requirements for suppliers of remote identification services for small unmanned aircraft systems (UAS).
French startup VoltAero has revealed plans for a family of three hybrid-electric aircraft with four to 10 seats. Initial deliveries of the four-seat Cassio 330, first of the family, are targeted for the end of 2022.
Angolan fixed wing and rotary aircraft operator, Bestfly, has won a three-year contract to support ExxonMobil’s requirements to ferry staff from Luanda to its main oil logistics base at Soyo.
The National Business Aviation Association has made “significant” reductions to its workforce as it contends with the effects of the COVID-19 pandemic, including the cancellation of its events through July 1, the business aviation trade group announced May 5.
The Experimental Aircraft Association (EAA) is able to weather the financial loss from the cancellation of AirVenture Oshkosh in July, EAA’s chair and CEO Jack Pelton said, but it may mean scaling back growth on some of its programs.
Drone operating system developer Auterion has released the reference design for a new family of unmanned aircraft systems avionics modules and announced GE Aviation as the launch manufacturer of its own high-reliability module for drone operations.
Gulfstream Aerospace is cutting jobs throughout its business operations, including nearly 700 at its Savannah, Georgia headquarters, in response to the impact from the coronavirus pandemic.
An early leader in the electric vertical-takeoff-and-landing market, Joby Aviation has been secretive about its progress. But new details emerged during the virtual kickoff event of the U.S. Air Force’s Agility Prime program on April 27-May 1.
Embraer’s commercial and business jet assets could be back on the market someday, Bombardier’s future as a bizjet-focused OEM remains a topic of debate, and a Boeing-Mitsubishi SpaceJet partnership is on the lips of Boeing’s CEO.
