Bombardier plans to improve the profitability of its flagship Global 7500, boost aftermarket sales and increase annual revenue by $2 billion in five years as it shifts to a pure-play business jet company following the sale of its rail business in January, the company said during a Virtual Investor Day.
Fractional ownership provider NetJets recorded a 27% decline in flight hours in 2020, while training hours in FlightSafety’s commercial and corporate simulators fell 30% compared to 2019, according to a 2020 earnings report from Berkshire Hathaway, parent company to NetJets and FlightSafety.
Russ Meyer, chairman emeritus of Cessna Aircraft, has partnered with his son, Russ Meyer III, a former Citation program manager, and former Cessna CEO Gary Hay to form CitationPartners, a program to revamp pre-owned Citation Excels into like-new condition at an affordable cost.
Skyborne Aviation Group Limited, based at Gloucestershire Airport, UK, has signed an agreement to purchase Vero Beach Flight Training Academy in Vero Beach, Florida, marking its first pilot training base in the U.S.
Bombardier has completed the acquisition of its remaining stake in Lufthansa Bombardier Aviation Services from Lufthansa Technik and ExecuJet Aviation Group in Germany.
German startup Lilium has partnered with Lufthansa Flight Training to develop a pilot sourcing and training program that will support its planned global deployment of regional air mobility services.
StandardAero’s business is 80-85% of what it was before the COVID-19 pandemic, and it hopes to be at 100% in the second half of 2021, assuming vaccines roll out and are effective as anticipated, says Tony Brancato, the company’s president of business aviation.