Global Bizjet Activity Remains Firm, New Report Says
Year-to-date business jet activity globally is up 2 percent, according to WingX data analysts.
Year-to-date business jet activity globally is up 2 percent, according to WingX data analysts.
Conceived during the late 1980s, the CJ1 was a pioneer in the light jet segment.
Deal includes support for global maintenance, component overhaul, and repair and modification services.
Central Asia bizjet arrivals are peaking ahead of the COP29 climate conference in Baku, Azerbaijan.
Aircraft was taking off from Falcon Field (KFFZ) before it crashed into a car near the Arizona airport.
Head of GA manufacturers association cites supply chain and slow regulatory review as challenges.
The investment gives the company a post-sale valuation of about $275M as it works to develop its flagship TriFan 600.
The manufacturer claims the models will comprise the first family of hydrogen-powered, zero-emission, vertical takeoff and landing (VTOL) jets.
Last year Textron Aviation announced it planned to use the PW545D to power its new Cessna Citation Ascend business jet.
The deliveries come less than a month after Gulfstream received FAA type and production certification.