Pilot training and simulator leader CAE of Canada is buying the Canadian-based assets of TRU Simulation + Training from Textron for $40 million in cash, the companies announced Nov. 25.
As Gulfstream Aerospace transitions to new manufacturing techniques for its all-new Gulfstream 700, the OEM also is updating its service center network.
More than 170 companies have signed on as exhibitors for the National Business Aviation Association’s virtual conference Dec. 2-3, as part of its VBACE event.
Luxury hospitality company Four Seasons Hotels and Resorts has announced the first itineraries for the new Airbus A321neo it plans to introduce for private jet tours in December 2021.
There is no getting away from the myriad difficulties businesses and individuals have faced in 2020, but there are reasons for cautious optimism as the year draws to a close.
The FAA on Nov. 23 released proposed airworthiness criteria for four small unmanned aircraft systems, bringing to 10 the number of drones that are positioned to earn design approvals from the agency.
Supersonic business jet developer Aerion has teamed with satellite company Spire Global to supply the high-fidelity weather data critical to the aircraft maker’s goal of achieving Mach 1-plus cruise speeds without generating a sonic boom on the ground.
The FAA on Nov. 20 released for comment proposed airworthiness standards for six small unmanned aircraft systems as a step toward issuing its first-ever regulatory certifications of drone designs.
The FBI on Nov. 19 arrested a Hollywood, California, man on charges that he crashed a drone into a Los Angeles Police Department helicopter in September.
Helicopter operations have managed to resist the affects of the coronavirus pandemic, but customers are delaying investment decisions for new rotorcraft, according to Airbus Helicopters CEO Bruno Even.
A bankruptcy judge approved the sale of One Aviation’s assets of Eclipse Aerospace and its Eclipse Aircraft project to, a U.S. company backed by British businessman Christopher Harborne for $5.25 million.
Unlike during the economic downturn of the late 2000s, business aircraft owners have not rushed to sell their assets in the COVID-19 pandemic, noted Rob Scholl, Textron Aviation senior vice president of sales and marketing.
Gulfstream started the year with “great momentum” after announcing the all-new G700 in late 2019, flying that aircraft for the first time on Feb. 14 and delivering the 600th G550 and 400th G650 in the first quarter.
Business-aviation aircraft deliveries rose slightly in the third quarter of 2020 led by deliveries of piston-powered planes, while business jet and turboprop handovers declined.
The FAA next year will begin using live telemetry data from commercial space vehicles to determine the extent of airspace it needs to protect during launch and re-entry operations.
The number of pre-owned business jet transactions is expected to steadily recover from 2020 through 2024, reaching 2,271 transactions worth $11.1 billion a year by 2024, according to a new forecast by Jetcraft, with growth expected in the large jet segment.
