Business

BAE Systems, Europe’s largest defense contractor, has expanded its strategic partnership with the aircraft manufacturer Embraer [NYSE: ERJ] and its Eve eVTOL [NYSE: EVE] subsidiary with plans to purchase 150 of the forthcoming aerial vehicles. Announced Tuesday at the Farnborough air show in England, Eve said all three companies signed a non-binding letter of intention […]

Company predicts growth of regional market and increased demand for jets.

The Atlanta-based fractional jet company Volato is now offering first-year HondaJet captains $150,000 in a recent pay upgrade as the company looks to expand its operation. Additionally, the company will now provide its pilots stock options so that they can share in the company’s growth, similar to competitor Wheels Up [NYSE: UP]. Since its launch […]

Delta Air Lines [NYSE: DAL] reported Wednesday that its second quarter revenue of $13.8 billion for this year was 10 percent better than the same period in pre-pandemic 2019, a year the airline was named the largest in the world based on revenue. Interestingly, the airline’s recent earnings boost comes despite carrying fewer passengers—15 percent […]

Elevated Access offers free transportation in places where medical services are now more difficult to obtain.

Significant Spirit shareholder urges board to vote for JetBlue merger.

Though there have been general talks of a recession, the aviation industry is, so far, holding its own.  It’s becoming more apparent that people have labeled post-pandemic travel as non-discretionary. In commercial aviation, passengers are willing to pay a premium for airfare. And in business and general aviation, people are still willing to pay top […]

In its quest to establish itself as a major international aerospace enterprise, including the addition of Boeing contracts to its portfolio, Daher has acquired an aerospace structures production facility in the U.S. The plan to acquire Triumph Aerostructures in Stuart, Florida, was announced in February, as a complement to and expansion of Daher’s footprint in […]

Signature Flight Support has finalized its addition of 14 TAC Air locations to its growing FBO network after acquiring the TAC Air division of The Arnold Companies in March. At the time, the company said it had acquired 16 TAC locations, however, three of these locations were ultimately not included in the deal, and were […]

General Electric’s (NYSE: GE) CEO Larry Culp, Jr. will become the CEO of GE Aviation, replacing John Slattery, who was at the helm for the past two years.