Finance

Boeing is bullish on prospects for support for the aviation industry from the financial sector. “Despite the unprecedented impacts of Covid-19 on the global aerospace industry,” said Tim Myers, president of Boeing Capital Corporation, “there generally continues to be liquidity in the market for our customers, and we expect it to further improve as travel […]

Texas Aircraft Manufacturing has introduced a new financing program for its Colt-S and Colt-SL S-LSA aircraft. Fly-Away Financing is the result of a partnership between Texas Aircraft and Hondo, Texas-based Community National Bank. According to the company, prospective aircraft buyers can now access an online form to calculate their down payment, loan terms and total […]

A Dallas television station is the latest mainstream media outletraising the alarm about a common, some say necessary, tool used to register aircraft in the U.S., invoking the specter of criminals and terrorists using non-citizen trusts to hide ownership of aircraft. WFAA conducted an investigation last week and quoted sources like former FAA special agent […]

GA groups can claim a victory in the fine print of the latest government shutdown. The FAA has confirmed to AVweb that aircraft registry services will be maintained throughout the shutdown, which began at midnight Dec. 22 and is still the subject of political machinations in Washington. “Air traffic controllers, as well as those who […]

Icon Aircraft founder Kirk Hawkins is “stepping back” as CEO of the company and while it appears he’s staying on his new role hasn’t been clearly defined. It’s also not clear who will replace him as CEO although it appears President and COO Thomas Wieners is in charge for now. The company released a statement […]

Have you ever sold an airplane? If so, you know it is a remarkably loose transaction. In the days before the internet, you got hold of the carbonless three-part form, wrote down a precious few details including the names of the buyer and seller, the buyer’s address, and the selling price (or $1.00 and OVC, […]

As we reported earlier, the FAA is reinstating its $500 rebate for equipage with ADS-B Out as an incentive for aircraft operators to get the new gear installed before the Jan. 1, 2020, deadline. The agency has set aside $4.9 million for the program, which will ease the financial impact on 9,800 aircraft owners and […]

China’s first privately funded and developed aircraft had its first flight a couple of weeks ago but it’s not clear what the future holds. The Guanyi GA20 took a 26-minute hop around Nanchang Airport on Sept. 20. It’s a low-wing composite design and while it might be Chinese in most regards, it’s powered by a […]

Bloomberg is saying the worst is over for the business jet market as prices for low-time used jets have started inching up. It’s been 10 years since the 2008 market collapse laid waste to the industry. The news organization said an expanding economy, lower corporate taxes and a bizjet-friendly president have taken the chill out […]

A decade of low interest rates on aircraft loans continues to stimulate aircraft sales, but worries about inflation are pushing rates up, says Airfleet Capital, a leading aircraft lender. While no spikes are expected short term, the market is definitely headed higher, says Airfleet’s Jim Blessing. In this podcast recorded last month at Sun ‘n […]