South Korea plans to begin commercial urban air mobility services in Seoul in 2025 in a bid to tackle traffic congestion and reduce travel times by up to 70%.
The Canadian government is replacing two Challenger 601 utility aircraft with two Bombardier Challenger 650 jets for the Canadian Armed Forces for mission-critical roles in a contract valued at $105 million. The contract also includes training and spare parts.
Bombardier Aviation plans to lay off 2,500 employees, primarily at its Canadian manufacturing facilities, throughout 2020 as it adjusts to lower business jet deliveries caused by challenges from COVID-19, the company said June 5.
Satcom Direct (SD) has entered a contract with Avcon Jet, making Satcom the sole connectivity supplier for the aircraft management and charter operator.
Aviation trade groups are asking the FAA to extend the date for several exemptions or extensions for pilot medical certifications, training proficiency and other requirements contained in Special Federal Aviation Regulation 118. Most extensions, effective in April, expire June 30.
Aircraft utilization at Flexjet has doubled in the past three weeks, while leads from potential clients are “off the charts,” as the fractional provider operates during the novel coronavirus pandemic, Flexjet CEO Mike Silvestro said on a Jefferies Equity Research webinar June 2.
Carbon recycler LanzaTech has launched a sustainable aviation fuel (SAF) spinoff, LanzaJet, with $25 million in backing from Canadian and Japanese investors.
Dassault Falcon Service has completed the conversion of a Falcon 900B corporate jet from a passenger configuration to cargo for use transporting fabric for face mask production.
Bombardier has completed the sale of its CRJ Series regional jet program to Mitsubishi Heavy Industries for $550 million in cash and the assumption of about $200 million in related liabilities, the company said.
