Buisness aviation news
The bull market for preowned business aircraft continued in the first quarter of 2022 for members of the International Aircraft Dealers Association (IADA). They closed 288 deals from January through March, compared to 213 transactions in the same period in 2022, a 35 percent increase.
The 2021 financial year was extremely successful for Pilatus, but also challenging. Despite the difficult circumstances, a new production record of 152 aircraft deliveries was set. Sales of 1.3 billion Swiss francs, an operating result of 210 million and incoming orders worth 1.7 billion francs are a very good result. The Board of Directors also underwent a change and a reinforcement.
Business aviation flight activity saw an increase across the board for the first week of April 2022. Each day of the week was up an average of 800 flights from the previous week.
A Russian owner of an aircraft currently registered in Europe or Russia who is not subject to U.S. sanctions may want to consider re-registering the aircraft in the US as an N-registered aircraft. The result would be a significant improvement in the legal situation for use of the aircraft at the present time and for the foreseeable future.
JETMS Completions, an established and respected aircraft interior, exterior, and completions company, is bringing the first-of-its-kind tiered membership programme that sets out to offer higher flexibility when it comes to MRO services.
Elit’Avia, a fully-integrated provider of business aircraft sales, leasing, charter, aircraft management and related services, commented this week on its continued diversification.
WINGX’s weekly Business Aviation Bulletin.
Satcom Direct, the business aviation solutions provider, is celebrating Federal Aviation Association, (FAA) approval of Supplemental Type Certificates, (STCs) for the Satcom Direct Plane Simple Ku-band tail-mounted Antenna System. Following a multi-model, (AML) STC approval, Gulfstream G550, G450, GV and GIV types can now be equipped with the advanced technology terminal.
Textron Aviation today announced it has entered into a purchase agreement with Exclusive Jets, LLC, operating as flyExclusive, for up to 30 Cessna Citation CJ3+ jets. flyExclusive, a leading provider of premium private jet charter experiences, expects to take delivery of five aircraft in 2023, with the option to purchase additional aircraft for deliveries through 2025.
Textron Aviation this week is announcing a range of enhancements to its top-selling, legendary piston aircraft lineup. From utility to luxury, these upgrades to the Beechcraft Baron, Beechcraft Bonanza and all Cessna piston aircraft will provide operators with more functionality and comfort.
Following the recent success at Heli-Expo 2022 in Dallas, Texas, March 8- 10, Leonardo confirms its strong position in the commercial helicopter market announcing further advancements with recent sales of 23 aircraft of various models to several operators across Europe, North America and Latin America, primarily for VIP/corporate transport, energy support, and search-and-rescue.
Textron Aviation is celebrating the first delivery of the Cessna Citation M2 Gen2 light jet, following the completion of Federal Aviation Administration (FAA) type certification.
Daher unveiled the latest high-end version of its TBM pressurized single turboprop aircraft family – the TBM 960 – which incorporates Pratt & Whitney Canada’s advanced PT6E-66XT engine and a fully digital e-throttle, along with a digitally-controlled cabin that incorporates an all-new environmental control system, LED ambience lighting and electrically-dimmable windows.
Volare Aviation, the only private aviation company to deliver aircraft sales, charter, aircraft management, engineering and refurbishment under one roof, has formally opened a dedicated helicopter maintenance, management and refurbishment facility in Hangar 14, Bay 2, at its London Oxford Airport home.
PrivateFly, one of Europe’s leading jet card providers, has announced record jet card sales for the first quarter of the year, with a 258% uplift in demand. The new figures represent a huge leap versus the same period last year, with March being PrivateFly’s highest ever month of card sales to date.
Flight activity for the week of March 27th – April 02nd was up 2.2% from the previous week.
Wheels Up Experience Inc, the leading brand in private aviation, announced it has officially closed its acquisition of Air Partner plc, a U.K.-based global aviation services group with operations in 18 locations and four continents. Under the terms of the transaction, and following stockholder and regulatory approval, Wheels Up has acquired the entire issued share capital of Air Partner for 125 pence per share, equivalent to an enterprise value of approximately $109 million.
The sale process of the business complexes of Piaggio Aero Industries and Piaggio Aviation – the two companies in extraordinary administration that operate under the Piaggio Aerospace brand – enters a new phase.