FAA’s limited resources and cumbersome approval processes are costing small businesses thousands and hamstringing growth of the general aviation industry, general aviation business leaders tell lawmakers.

Epic Aircraft has begun production of its first conforming Epic E1000 six-place single turboprop aircraft and hopes to begin certification flight trials this summer, keeping it on pace for certification by mid-2015.

FAA, which has faced substantial criticism over its lengthy certification processes, released guidance to simplify approvals for a key safety instrument for general aviation aircraft. The new streamlined procedures for angle of attack (AOA) indicators are part of a multi-faceted effort by FAA and the general aviation community to improve general aviation safety. The units, which are not required equipment on general aviation aircraft, measure the angle between the wing and oncoming air, providing a warning of low airspeed and potential for stall.

Lawmakers are heading toward the next significant budget debate as the Feb. 7 deadline for addressing the debt ceiling passed, forcing the Treasury Department to implement “extraordinary measures” to avoid a federal default. But, unlike most of the budget battles that have occurred over the past two years, it appears that discussions about raising taxes on business aircraft have been set aside, at least for now.

In a move that comes as Airbus puts a sharper focus on gaining market share in its Airbus Corporate Jets unit, the manufacturer has appointed Benoit Defforge as the unit’s new managing director. Defforge, who has headed the Airbus Corporate Jet Centre (ACJC), succeeds Habib Fekih, who helped establish the corporate jets unit and has led it as president since 2011. Airbus credited Fekih with consolidating ACJ activities in recent years. He is moving on to new responsibilities within Airbus, the company says.

Sabreliner Corporation’s business leaned heavily on military contracts that disappeared during sequestration, forcing the company into default on its bank loan and leading to the bank’s sale of the company to an investment firm. Sabreliner announced last week that its primary debt holder sold the company after it lost half of its business during last year’s sequestration budget cutting and was unable to make its debt payment.

Jet card sales continue to strengthen, reaching their highest point since the economic downturn began, both Sentient Jet and its new affiliate company Flexjet report. Key metrics in 2013 rose to levels “not seen since 2008,” Sentient says. The company, which has more than 4,000 clients, sold more than 32,000 jet card hours in 2013, which amounts to the equivalent of more than 1,300 25-Hour Jet Cards. This pushed the company’s revenue to more than $150 million on the year. Sentient sold more than 1,200 25-Hour Jet Cards in 2012.

The Triumph Group has sold its Wichita business aircraft aerostructures business, Triumph Aerospace Systems-Wichita, back to its original owner, Jim Lee. Lee, who founded the business in 1989, continued to steer the company as president after he sold it to the Triumph Group in 2000. Lee is rebranding the company to its original name, Lee Aerospace. “The opportunity to reacquire the company presented itself late last year. We are excited to once again be a locally-owned and operated company,” Lee says.