The number of used business jets for sale in November 2024 totaled 1,277, up 8% from a year ago, but down 1% from October, according to Jefferies analysts.
President-elect Donald Trump’s nomination of former congressman Sean Duffy as the next U.S. DOT Secretary is earning praise from some key aviation stakeholders.
Troubled Tier 1 aerostructures supplier Spirit AeroSystems is selling its Fiber Materials (FMI) business to Tex-Tech Industries for $165 million in cash.
The creation of so-called green flight paths could have a snowball effect on the promotion, appropriation and production of SAF, a research paper suggests.
The FAA has updated its BasicMed program, further expanding the operational limits on pilots, allowing them to operate larger aircraft and fly more passengers.
CLAY LACY AVIATION broke ground on 14-acre FBO facility at Southern California's John Wayne Airport to include 41,800 sq ft pax terminal/office facility and four hangars totaling 145,000 sq ft. It also opened new 120,000 sq ft hangar at Connecticut's Waterbury-Oxford and secured lease to establish FBO on 10-acre site at Idaho's Friedman Memorial.
WHEELS UP closed new $332m revolving credit facility with Bank of America, and completed acquisition of GrandView Aviation's 17 Phenom 300/300Es, plus related maintenance assets and customer programs (SPNWS; Oct 25).
Some airports say they need the fees to help cover expenses, but the Aircraft Owners and Pilots Association and Experimental Aircraft Association oppose them.
