The deal is the latest of three significant aircraft acquisitions by Florida-based lessor Azorra, which specializes in executive, regional, crossover and small narrowbody aircraft.
The number of used business jets for sale remains limited heading into 2022, with inventory levels down 55% in January compared to January 2021 and down 12% from December, while average list prices rose 13% year-over-year, according to Jefferies data.
Spun out by the Williams Formula 1 racing team at the end of 2019, Williams Advanced Engineering has been expanding from its motorsports roots and applying its high-performance battery and electrification expertise to new sectors, including aviation.
Germany’s Wingcopter has signed a contract exceeding $16 million to supply a large fleet of delivery drones to Spright, a subsidiary formed by U.S. air medical service provider Air Methods in July 2020 to service the health care market.
A NASA-funded team is working to connect airborne and cloud-based flight management systems to enable better real-time trajectory optimization and airspace management for advanced air mobility and commercial aviation.
Airbus has delivered the last production commercial model of its AS365 Dauphin helicopter, ending a 40-year production run of the twin-engine rotorcraft.
Recognizing the potential of providing MRO services for ATR turboprop aircraft in the Asia-Pacific region, Collins Aerospace is introducing component exchange services for the aircraft’s 568F propeller in Malaysia.
The additional Boeing funding will advance development of Wisk’s sixth-generation eVTOL, which is targeted to be the first autonomous all-electric passenger aircraft certified in the U.S.
Business jet and business turboprop deliveries rose in 2021, but have not yet returned to prepandemic levels of 2019, according to just-released preliminary data by the Aviation Week Network.
Jet Edge International, a private aircraft services provider based in Van Nuys, California, plans to open a base of services at Signature Aviation’s facility at Teterboro Airport in New Jersey.
Jet Luxe, a private jet service based in Dubai, has announced its expansion to the Americas, with facilities in Miami covering operations and service in North America, Canada and Latin America, which include charter and concierge services for travelers.
The last new Learjet light business jet, a Learjet 75 Liberty, has rolled off Bombardier’s Wichita production line and into the paint department for completion before customer delivery, Learjet insiders say, bringing production of the iconic Learjet closer to its ultimate conclusion.
California-based electric vertical takeoff and landing (eVTOL) air taxi developer Overair has begun full power ground tests of the 20-ft.-dia. rotor system that will power a flying demonstrator of the company’s Butterfly quad-tiltrotor starting in 2023.
Rolls-Royce’s £6 million ($8.17 million) Spirit of Innovation electric aircraft has secured the world electric aircraft speed record following verification by the Fédération Aéronautique Internationale.
Two early-stage startups have joined forces to lay the foundations for an on-demand regional air service in Western Australia using small electric aircraft.
Israel Aerospace Industries (IAI) has revealed that the company is in the process of developing a maritime surveillance aircraft (MSA) based on a business jet airframe with an unspecified Asian country.
