Supplier Triumph Group late April 10 announced furloughs for around 2,300 employees across its plants in the U.S. and Europe for two-four weeks to cut work along with the current suspension of all Boeing Commercial Aircraft programs, and the company is laying off up to 700 more workers.
March business aircraft activity in North America dropped 31.7% compared to a year ago, while April activity is expected to drop 67% as “stay-at-home” orders spread during the COVID-19 pandemic, according to Argus International.
Labor and other costs for air ambulance providers are expected to grow dramatically over the next few months while revenues are down because of the impact from the COVID-19 pandemic, according to the Association of Air Medical Services, representing the air medical transport industry.
In the wake of the COVID-19 pandemic, business jet deliveries in 2020 could drop anywhere from 12.5% to as much as 40-50% compared to last year, with recovery unlikely before 2023, according to a new forecast by JetNet IQ.
In an ordinary crisis, when commercial airlines were unable to meet an increasingly urgent need for flights, business aviation would be racing to take up the slack.
With key customer Boeing recently suspending much of its own work indefinitely to try to deep-clean amid the novel coronavirus outbreak, Wichita-based Spirit AeroSystems announced April 8 it has also practically halted production for Boeing programs performed at its headquarters and in Oklahoma for an indefinite period of time.
The Export-Import Bank of the United States has provided a medium-term loan guarantee to support the delivery and export of a Daher Kodiak 100 utility aircraft to Costa Rica Green Airways SRL, the agency said.
Experimental Aircraft Association organizers still plan to wait until May to decide whether to host EAA AirVenture Oshkosh set for July 20-26 in Oshkosh, Wisconsin.
Key aerospace and defense suppliers Woodward and Hexcel have called off their planned merger due to the novel coronavirus outbreak, ending a three-month saga that always baffled many industry insiders and has since been overtaken by survival necessities.
Aero-engine manufacturer Rolls-Royce says it is preparing for a dip in engine delivery volumes as the industry scales back operations in the face of the novel coronavirus pandemic.
Private jet provider Magellan Jets has seen demand for flights in April fall by 60% from a year ago, driven by a nationwide commitment to self-quarantine in the wake of the COVID-19 crisis, the company said.
U.S. business aviation flight activity in March fell 30% year-over-year, while flights declined 34% in Europe, falling to nearly 50% during the last few days of the month, according to WingX Advance data.
Business aviation trade groups are calling on European policymakers and regulators to adopt a multi-leg action plan to safeguard the business aviation sector as the industry deals with the COVID-19 pandemic.
Gogo Business Aviation has petitioned the United States Patent and Trademark Office to challenge the granting of a patent to SmartSky Networks for a terrestrial-based, high-speed data communications mesh network.
Organizers first postponed but have now canceled the Sun ’n Fun Aerospace Expo because of the novel coronavirus pandemic and mandates to take precautions.
JetHQ, an aircraft transaction, brokerage and consulting provider, has completed the move of its company headquarters from Dubai, UAE, to Kansas City, Missouri, to better serve customers, it said.
February business and general aviation activity in North America declined 0.2% compared to a year ago, although with leap year the month had one extra day, according to Argus International data.
Thrush Aircraft, a maker of agricultural and firefighting aircraft based in Albany, Georgia, said it turned in a “strong” first quarter in 2020 and more than doubled its number of employees, following completion of a restructuring from Chapter 11 bankruptcy in 2019.
