Wheels Up to Continue Operations After Closing Transaction with Delta, Other Investors
Deal will give lenders 95 percent stake in the company and control of the board.
Business Aviation
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NetJets Signs Record-Setting Deal with Textron Aviation for 1,500 Citation Jets
On Wednesday. Textron Aviation and NetJets announced the terms of a record-breaking deal between the longstanding partner companies for the purchase of up to 1,500 Citation jets. NetJets will also serve as the launch partner for the Citation Ascend, announced at the National Business Aviation Association’s European Business Aviation Convention and Expo in May.
Survey: Business Aviation Pilot Salaries Up 12 Percent
The NBAA survey also found that retention bonuses for senior captains averaged $27,000.
Aerox Aviation Oxygen Systems Acquires Fluid Power Inc.
Transaction helps the companies expand product offerings and move into new markets.
The Light Aircraft Sector Shines
In 2022, the light sport and kitbuilt markets showed steady sales.
Dassault Wins EASA and FAA Certification on the Falcon 6X
The dual approvals were issued in concert on August 22 in France.
Volato Plans to Go Public on the New York Stock Exchange via SPAC Merger
Once the SPAC merger is completed, Volato is expected to have an enterprise value of $261 million.
Large Cabin Chasm
A gap in the 4,000 to 6,000 nm range prompts the question: Who will take advantage of this sweet spot?
Gogo Delays Launch of Inflight 5G Network for Second Time in 12 Months
The inflight systems provider attributed the delay to a design error made by a third-party subcontractor of its 5G solution provider.
IADA Reports Shift in Business Aircraft Market in Buyers’ Favor
Aircraft dealer group sees inventories growing in used market, giving shoppers more choices.
