Buisness aviation news
Air Methods Corporation (“Air Methods” or the “Company”), the leading air medical service provider in the U.S., announced that it has entered into a Restructuring Support Agreement (“RSA”) with (i) majorities of its first lien lenders and bondholders and (ii) its equity sponsor under which such key stakeholders have agreed to support an expedited balance sheet restructuring. Implementing the restructuring contemplated by the RSA will reduce the Company’s total debt by approximately $1.7 billion, increase liquidity and position the business for long-term success by allowing it to focus on its growth and development strategies.
As of October 2023, HeliFlite, the leading private, luxury helicopter charter provider, has expanded its operations to include international routes to the Bahamas and Caribbean.
Textron Aviation today announced that Hahn Air has entered into a purchase agreement to be the European launch customer for the just-announced Cessna Citation CJ3 Gen2. The deal, inked during the National Business Aviation Association – Business Aviation Convention & Exhibition (NBAA-BACE) event at Las Vegas, also includes a new Cessna Citation Latitude. Both aircraft are expected to deliver in 2026.
The Third Quarter 2023 Market Report released by the International Aircraft Dealers Association (IADA) predicts a significantly larger market going forward. The report includes hard sales data in addition to the perspectives of IADA’s global members, who know the industry well.
Phenix Jet Cayman (Hong Kong), a group company of Sojitz Corporation, has announced the opening of Phenix Jet Cayman SEZC Singapore Branch in response to the growing demand for aircraft management and charter services in Southeast Asia.
Gulfstream Aerospace Corp. and FlightSafety International recognized the 10th anniversary of their complimentary ground handling and servicing training program.
In a first-of-its-kind partnership, Jetquity has joined forces with Jetcraft, the global leader in business aircraft sales, acquisitions and trading, to offer its pioneering Residual Value Program to Jetcraft’s extensive client base.
AB Jets and Bombardier announced the acquisition by AB Jets of three Bombardier Challenger 3500 aircraft, with a contractual option to order a fourth by the end of 2023. Adding the industry’s best super-midsize business jet to their fleet marks a transformational new chapter for the Argus Platinum-rated private charter company.
VIP Completions, providers of aircraft completions and refurbishment services, today announced a new project – the comprehensive interior refurbishment of a Boeing Business Jet (BBJ). Since the company was founded almost a decade ago, the VIP Completions team has extensively refurbished six BBJs, two Boeing 757s, a Boeing 767 and a Boeing 727, clearly establishing its expertise in Boeing corporate airliner completions projects.
Bombardier unveiled exclusive images of its EcoJet research project’s second test phase to the attendees of NBAA-BACE 2023. The promising flight tests were conducted with an 18-foot-wide demonstrator and have generated important results, contributing to the advancement of this pivotal project.
Vista Global Holding (Vista), the world’s leading global private aviation group, announced the launch of Vista America on behalf of U.S. operators. Vista America will operate the Vista Members’ fleet in the United States for VistaJet and XO clients.
Nigerian business aviation company, Vivajets, has rolled out a set of innovative product offerings at a recent international conference held by the company in Lagos. The organization also released a guide on fractional aircraft ownership, a specialized service that enables customers to become part owners of an aircraft.
FlightAware announced the release of Global for Helicopters, a new flight tracking platform for helicopter or mixed fleet business aviation managers. FlightAware is a division of Collins Aerospace, an RTX business. More than 15,000 business aviation customers worldwide are currently supported by FlightAware Global.
During the 2023 NBAA Business Aviation Convention & Exhibition, ForeFlight, a Boeing Company, announced the signing of an agreement with Jet Aviation, a global business aviation service provider, to adopt ForeFlight’s flight planning solutions across its aircraft management operation.
Jet Support Services, Inc. (JSSI), the largest independent provider of maintenance support and financial tools to the business aviation industry, has announced the launch of JSSI PartsHub.
Daher’s Aircraft Division has inaugurated a large new paint facility at its Kodiak Aircraft Company production site in Sandpoint, Idaho, marking the latest investment since Daher’s acquisition of the Kodiak utility airplane product line in 2019.
Comlux, a leader in business aviation, transaction, and completion services has just announced the successful finalization of a pivotal contract, resulting in the acquisition of over 11,000 square feet of off-airport space. This strategic expansion marks a decisive step in bolstering production capabilities at its Completion center in Indianapolis.
WINGX’s weekly Business Aviation Bulletin.
Textron Aviation, a Textron Inc. (NYSE:TXT) company, announced that flyExclusive has been named the fleet launch customer for the Cessna Citation CJ3 Gen2. The news came during the company’s press conference at the National Business Aviation Association - Business Aviation Convention & Exhibition (NBAA-BACE) event in Las Vegas. The Citation CJ3 Gen2, just announced this morning, raises the bar in the light jet market and is part of the next phase of flyExclusive’s fleet modernization efforts.
