Business & Military

One Aviation has “entered into a consensual restructuring,” the company said in a news release on Wednesday, and has filed for Chapter 11 bankruptcy. The company has secured financing that will enable it to maintain its normal operations and plan for the future, according to the release. “The path to this outcome has been long […]

Virgin Galactic should be in space “within weeks, not months,” CEO Richard Branson told CNBC this week. He added that he expects to fly to space himself “in months and not years,” and customers will be in space “not too long after that.” Virgin Galactic pilots have been flight-testing VSS Unity, with the aim to […]

Garmin announced today that it is expanding the list of aircraft eligible to upgrade from the company’s G1000 integrated flight deck to the newer G1000 NXi. The NXi upgrade is available immediately for G1000-equipped Daher TBM 850/900 and King Air 200/300/350 aircraft. Garmin also said that it expects to add upgrade eligibility for the Citation […]

The FAA’s new reauthorization bill was approved by both the House and the Senate over the last few weeks, and now has passed the final hurdle—the president’s signature—to become the new law of the land. The bill provides $90 billion in funding over five years, making it the longest-term FAA bill since 1982. GA advocacy […]

American Mike Goulian claimed his first-ever home soil victory in the Red Bull Air Race series with a convincing victory at the Indianapolis Motor Speedway on Sunday. Goulian’s time of 106.208 was more than a half second faster than runner-up Pete McLeod, of Canada, in the final race. France’s Nicolas Ivanoff was third. “Right now […]

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 […]

Toyota has filed for patent protection of an unusual flying car design that uses the same drive mechanism for road and the air. According to TransportUp, the “Dual Mode Vehicle With Wheel Rotors” uses the rotor hubs as wheels when the device is on the ground. The rotors fold into the wheel allowing the vehicle […]

A high-ranking FAA source has confirmed that the FAA plans to almost triple the maximum weight for most light sport aircraft to 3600 pounds in rulemaking that will be introduced in January. The source confirmed the scant details of a Facebook post written by AOPA Senior VP of Media and Outreach Tom Haines from the […]

Santa Claus wears captain’s bars in the e-commerce economy but it’s some of the pilots who are getting gifts this holiday season. FedEx is offering its retirement-age captains as much as $110,000 in retention bonuses to keep working through this year’s busy time. Last year, FedEx and its competitor UPS had record years thanks to […]

I recently heard the following between Kansas City Center and an airliner. The airliner was trying to top some weather and had been granted an even altitude even though he was flying west, because he was too heavy to go any higher. Kansas City Center: “Airliner 123, how long ’til you can go up? I […]