Buying expectations in China are well below the world average, however, and are only about a quarter as strong as they were in 2011, at the height of a boom that turned to bust in 2013 when the government in Beijing launched an anti-corruption crackdown.
Following its demonstrations of delivering car parts in New Zealand and medical supplies in rural Virginia, Australian startup Flirtey has completed the first FAA-approved package delivery by unmanned aircraft to a house.
Five years ago, the FAA forecast the number of small unmanned aerial systems (UAS) operating in U.S. airspace would grow to 25,000 by 2020 and 30,000 by 2030.
American Flyers has ordered three Frasca Mentor Cessna 172 simulators for two flight training facilities in Addison,Texas, and one facility in Pompano Beach, Florida.
About 265 eligible hourly workers at Spirit AeroSystems, Boeing’s biggest supplier, have signed up for a voluntary retirement program offered to Machinists union-represented employees at its facility here.
Dassault Aviation’s Falcon 8X ultra long-range business jet is entering the final stages of its flight test and certification program as the company prepares for initial delivery.
Deutsche Bank analyst Myles Walton said he is concerned about the increase in the number of used Gulfstream G650 aircraft on the market and the effect they may have on the sale of new aircraft.
The number of used business jets for sale in March totaled 1,979, up 6% from March 2015 and up 1% from February, according to Jefferies’ latest monthly business jet survey.
Government and independent entities are working to establish an international benchmark method for measuring emissions of fine particulate matter from aircraft engines.
The European Business Aviation Convention & Exhibition (EBACE) will be held at the Palexpo convention center and the Geneva International Airport for the next five years.
VistaJet plans to move its corporate headquarters to Malta, bringing its operations, finance and European customer services together as it prepares for the next phase of growth, the company said.
Already, 1,420 people in mainland China have the potential to own business aircraft, according to estimates gathered by luxury publisher and rich-list compiler Hurun Report and Minsheng Financial Leasing.
Republic Airways has nearly 20 larger Embraer regional jets it has grounded because it lacks enough pilots to fly them, and if it cannot reach settlement agreements with “numerous parties” before April 25 regarding those aircraft, it may have to reject all of the leases, CEO Bryan Bedford told employees on March 18.
Piper Aircraft is repositioning its M-Class line of products in anticipation of the certification of its M600 single-engine turboprop in the third quarter of this year.
