AirAsia Group has announced a planned financial restructuring of its Thai businesses, which would include a capital infusion and a reorganization of its 45%-owned Thai AirAsia Co Ltd's holdings (TAA). The move is hardly surprising, given AirAsia had previously said that its affiliates will seek financial assistance from the nations…
Gulfstream Aerospace Corporation announced on Tuesday that they will begin construction on a new aircraft service center at the Phoenix-Mesa Gateway Airport. The new facility will cover a 225,000-square-foot area, with a price tag of $70 million — similar to the list price of the company's new G700 aircraft. The…
Bombardier introduced their super mid-size Challenger 3500 aircraft at their production facility in Montreal on Tuesday morning. The aircraft is a revamp of their already-existing Challenger 350 aircraft, originally introduced in 2014. While maintaining many of the 350’s features relating to performance, reliability and comfortability of ride, the manufacturer looks…
The business jet manufacturer Bombardier has announced the launch of their new Bombardier Certified Pre-owned aircraft program giving its customers access to premium aircraft, experience and coverage. The program was announced shortly after the publication of their first Bombardier Pre-Owned Market Report — comprehensive data regarding all Bombardier aircraft transactions.…
Global private jet operator VistaJet is committing to carbon neutrality by 2025, racing ahead by a quarter century as compared to aviation industry goals trying to target net-zero carbon emissions by 2050. The airline also spearheaded the call for better change by not only working with, but also pushing the…
Bombardier continued its quest for stabilization following a difficult 2020, announcing numerous changes across the company as it seeks to achieve profitability. The most recent casualty will be the Wichita-based Learjet, which will cease production in the fourth quarter of 2021. Asset Disposals Generated Much-Needed Cash Bombardier’s recent asset disposals…
Gulfstream Aerospace Corporation has announced that the next-generation Gulfstream G500 and Gulfstream G600 have once again demonstrated additional range capabilities through real-time operations. Gulfstream announced in a press release that, during the G500 and G600 flight test programs, both aircraft exceeded initial performance expectations. The G600 achieving a second high-speed…
Even as demand for business travel remains unknown for commercial airlines and corporate manufacturers and operators, short-term reductions in both deliveries and expenditures due to the pandemic are not expected to have a lasting impact on the business jet industry. Honeywell's Global Business Aviation is forecasting up to 7,300 new…
