News

In a letter to position-holders this week, Eclipse Aviation CEO Vern Raburn asked customers to send money now, and he will in return give them a discount on the final delivery cost when their jet is ready. Raburn said he hopes to raise $30 million in the next few weeks with the offer, which will […]

Swiss-based Jet Aviation will open a branch at Moscow’s Vnukovo International Airport to provide maintenance, repair and AOG support for the rapidly increasing number of business aircraft using the modern airport. Jet Aviation is the first international company to set up at the airport and CEO Peter Edwards said its customers demanded it. “Given the […]

When the San Francisco Business Times was looking for the most admired CEO in the emerging growth category for its annual business awards, it skipped the plethora of technology and information companies within its circulation reach and tapped the aviation business. Paul Touw, CEO of XOJET was given the pivotal award at the publication’s annual […]

Bombardier says a major portion of its business in coming years will come from Russia, China and India as well as South Africa and Brazil. In a ceremony to launch the Challenger 605 business jet in Mumbai, company spokesman Murray Sutherland said that market opportunities move with the changing fortunes of various parts of the […]

Cessna has chosen the Chinese-government owned Shenyang Aircraft Corp. to build the Model 162 Skycatcher. Earlier this week, Cessna announced it would be building the Light Sport Aircraft offshore. In a news release, Cessna CEO Jack Pelton said the company needed top quality at a competitive price and SAC put it all together. “Our solution […]

As expected, Cessna was the top bidder for Columbia Aircraft, paying $26.4 million for “select assets” of the bankrupt Bend, Ore., planemaker. The bankruptcy auction was held Tuesday afternoon. CEO Jack Pelton said the company will invest money in the Bend plant, make sure existing owners are looked after and will keep making the two […]

Those interested in who is selling what to whom in the aerospace industry can subscribe to a new database created by PMI Media. The Aerospace Supply Chain Database is described as a “new market intelligence service for the global aerospace industry.” The database appears to quite literally get to the nuts and bolts of the […]

British-owned Cobham PLC, which owns Chelton, Comant, Artex Aircraft Supplies and Wulfsberg Electronics, among other things, has purchased autopilot maker S-Tec from Meggitt PLC, also from Britain, for $38 million. The deal was concluded last week and the capacity that S-Tec adds to Cobham’s aviation portfolio were front and center in the announcement. “The close […]

As the air taxi business based on very light jets (VLJs) gets plenty of hype all over the aviation world, even places that don’t normally figure prominently in the business are taking notice. Iran, for example, seems to think there’s a place for VLJ air taxis to fill in the transportation gaps over its vast […]

The Light Sport Aircraft era faced a number of chicken-and-egg difficulties in getting launched, such as ensuring there would be enough flight instructors and mechanics to train students and maintain airplanes. Folks were cautious about buying aircraft if that infrastructure was sparse, but businesses were reluctant to invest until they were sure the market was […]