Turboprop aircraft lessor Nordic Aviation Capital plans to expand into the regional jet leasing industry with the acquisition of Jetscape Aviation Group.
Business aircraft flight activity in February leapt over activity in February 2015, with a 6.9% increase – the 12th straight year-over-year gain, according to Argus TraqPak data.
Business and general aviation trade associations quickly endorsed a bipartisan Senate bill that authorizes FAA funding and programs until Sept. 30, 2017.
Key business jet market indicators, measured by a monthly UBS Business Jet Market Index survey, point to a weakening global market and have fallen back to levels tracked in 2008-2009, the latest index said.
Dassault Aviation’s new Falcon 5X business jet will not enter service until the first half of 2020 due to difficulties in developing the Silvercrest engine at Safran’s Snecma motors division.