The fast rise in preowned business aircraft pricing, prevalent in the second half of 2021, appears to be leveling off, some brokers say, although they aren’t seeing market softening.
Zanite Acquisition has beefed up the committed funding that is backing its planned going-public merger with Eve, Embraer’s urban air mobility spinoff, as it heads into a May 6 shareholder vote on the deal.
Honeywell has started testing reaction time differences between expert pilots and novices on its prototype simplified vehicle operation cockpit system for electric vertical takeoff and landing aircraft.
Italy’s Tecnam Aircraft has introduced a new two-seat piston aircraft called the P-Mentor designed for student training with international deliveries beginning in the next four months.
Bcomp, a Swiss startup producing composites using natural fibers, has received an investment from Airbus Ventures as part of a CHF34 million ($35 million) Series B financing round led by BMW i Ventures.
A hybrid-electric power system designed for applications ranging from drones to uncrewed cargo aircraft and passenger air taxis has been unveiled by startup LaunchPoint Electric Propulsion Solutions.
Austrian startup CycloTech and Japanese package carrier Yamato have completed a study into the feasibility of developing an uncrewed cargo aircraft using thrust-vectoring cyclorotor propulsion to operate in confined urban areas, even in high winds.
German energy company EnBW and aerospace research agency DLR have launched a three-year project to explore the use of cargo and passenger drones to support the maintenance of offshore wind farms.
Germany’s Lilium has taken another step in the type certification process for its electric vertical takeoff and landing air taxi, submitting its means of compliance to the European Union Aviation Safety Agency.
Benefiting perhaps from steadily improving relations between China and Indonesia, EHang has secured its largest commitment to date from an Asian customer with preorders for 100 EH216 autonomous air taxis from Prestige Aviation, an Indonesian aircraft sales and management company.
At first, advanced air mobility flights will be piloted. But the industry widely agrees its aircraft must become autonomous at some point if operations are to scale up to hoped-for high volumes. Rather than if, the debate centers largely on when.
Even if you are not a fan of golf, chances are that as a business jet owner, operator, or charter broker, you were probably familiar with the popularity to head to Augusta Regional Airport in Georgia recently for the Masters.
Long-time agency official Lirio Liu will take over as executive director of FAA’s Aircraft Certification Service, replacing Earl Lawrence, who moves to the NextGen Office to become deputy assistant administrator.
German startup Theion is targeting electric vertical takeoff and landing aircraft as an early market for solid-state, lithium-sulfur batteries that promise three times the energy density of conventional lithium-ion cells.
Start-up Overwatch Imaging of Hood River, Oregon, has closed an $11 million Series A financing round to advance its precision imaging payloads designed for drones and general aviation aircraft.
While NBAA’s 2022 Schedulers and Dispatchers Conference was in full swing, Signature Flight Support announced the addition of Derek DeCross as the company’s new SVP of global customer engagement.
Russia’s United Aircraft Corporation has intensified the development of an import-substituted version of its Superjet (SSJ) 100 regional jet—which remains almost the only commercial passenger aircraft Russian domestic carriers can use for international flights now.
The FBO division of Europe’s Luxaviation Group plans to develop ground infrastructure for future advanced air mobility (AAM) vehicles as it pursues a growth strategy based on building and acquiring new facilities.
Aircraft manufacturers at the 2022 Sun ‘n Fun Aerospace Expo report continued robustness in the market for business and general aviation aircraft despite recent world events, although they face continued pressures from supply chain concerns.
Cleveland-based Fractional ownership provider Flexjet plans to hire 350 pilots as it adds 50 additional business jets to its North American fleet by the end of 2022 to meet record customer demand, the company says.
Hexcel has signed a letter of intent with Archer Aviation to provide high-performance carbon fiber materials for the electric vertical takeoff and landing startup’s production air taxi.
