Bombardier has unveiled a five-year transformation plan intended to boost earnings and cash flow that have suffered as the company invests heavily in new product development.
Kenny Dichter, co-founder and CEO of membership-based private aviation club Wheels Up, predicts a 50% boost in revenue next year and an 80% increase in revenue flight hours.
True capitalists are always looking for new ways to expand business, and with the tropical chill there now warming, U.S. business leaders—and the aircraft that carry them—are pointing south to Cuba.
All small unmanned aircraft weighing more than 250 grams (0.55 lb.) will have to be registered by the owners before they fly in the national airspace system, if the FAA accepts the recommendations of its unmanned aircraft systems registration task force.
