Finance

A company dedicated to providing a supply of general aviation aircraft refurbished in accordance with a standard protocol announced its formation at AirVenture. Triple R president and AVweb publisher Tom Bliss sat down with AVweb’s Rick Durden to describe how the company intends to reach its goal of providing like-new airplanes at half the price […]

As the Aircraft Electronics Association opens its 57th annual convention in Nashville today, it reports that avionics sales were up 6.9 percent in 2013 over the previous year. In this AVweb video, AEA president Paula Derks says total worldwide sales for general aviation avionics amounted to $2.42 billion and trends for 2014 look similarly positive […]

With more than 70 employees now employed at its Kerrville, Texas, facility, and about to restart the assembly line to produce the first M20TN Acclaim Type S, Mooney has announcedthat its management leadership team is in place. CEO is Dr. Jerry Chen, who has extensive experience in the aviation and aerospace industry and holds two […]

Aspen Avionics and FreeFlight Systems have announced partnerships with the $1.5 billion NextGen Equipage Funds financing program to help general aviation aircraft owners obtain inexpensive financing to meet the ADS-B and other mandated avionics retrofits. With over 150,000 aircraft affected, the NextGen Fund will provide financing at competitive rates backed by loan guarantees and will […]

DiamondShare, a cost-sharing program for new Diamond DA40 aircraft, isnt designed to be a cheaper way to fly. Instead, it’s intended to make the high cost of new aircraft ownership more compelling, especially for owners that dont plan to fly more than 100 hours per year. For the non-owner, its a way to gain access […]

Aircraft sales can’t be completed during the government’s partial shutdown because the FAA’s registry office is not considered an essential function and has been closed, the Wichita Eagle reported Friday. The Eagle says the General Aircraft Manufacturers Association (GAMA) has polled its members and deliveries of 12 new airplanes scheduled for the first two days […]

Florida-based fractional Avantair employs about 500 people, is the target of a class-action lawsuit, and Wednesday said that it is furloughing pilots and workers while seeking financing to keep its aircraft and continue operations. Last summer, a company Piaggio Avanti turboprop lost its left elevator during flight and landed safely with passengers on board. And […]

AOPA is expanding its presence in the aircraft finance market with a new service for its members. The AOPA Finance Company is a brokerage that brings together borrowers and lenders to make getting money for airplanes and upgrades easier. Adam Meredith, who is heading up the new company, said in an interview with AVweb that […]

Surf Air, which aims to offer private air travel in PC-12s among four California cities for a flat monthly fee, has received FAA approval to start flying. Flights will start June 12, with service between San Francisco, Monterey, Santa Barbara, and Los Angeles. The company also said it has closed on a round of funding […]

Cirrus is promoting aircraft ownership to non-pilots through “Cirrus On Demand,” which offers two programs of service as an option for purchasers of new Cirrus aircraft. Both programs come at additional cost to the buyer and in either case, includes a pilot “trained to the company’s corporate flight standards.” The program can operate like a […]