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Business/Industry

The business of business aviation – includes articles looking at investment in business aviation; mergers and acquisitions; and finance

Jetcraft to take over the business aircraft division of AXON Aviation

Mike Stones

26 May 24

0

Jetcraft is taking over the business aircraft division of AXON Aviation – the private jet sales, acquisitions and lease specialist based in London. Niki Rokni,…

Gama

Gama Aviation looking to buy Tyrolean Jets & Services

Alasdair Whyte

24 May 24

0

Gama Aviation has issued a stock market announcement revealing it is in talks to buy Austrian operator Tyrolean Jets & Services. Although Gama Aviation…

Stormy weather may be ahead for first-time jet buyers

Mike Stones

23 May 24

0

Stormy weather may be ahead for new entrants to business aviation, particularly first-time buyers. Johnny Foster, president and CEO, OGARAJETS certainly thinks so. He believes…

Bombardier hits multi-year high as BofA upgrades stock to ‘Buy’

Fayaz Hussain

23 May 24

0

Bombardier surged on Wednesday, reaching its highest point since October 2018, after Bank of America analysts upgraded the stock to ‘buy’ from ‘underperform’. The stock…

Bombardier announces $500m senior notes offering

Fayaz Hussain

22 May 24

0

Montreal-based aerospace manufacturer Bombardier announced the launch of a new $500m senior notes offering maturing in 2032. The proceeds from this offering, along with existing…

Martyn Fiddler

Aviation veteran Martyn Fiddler, 85, dies

Rob Hodgetts

21 May 24

0

Business aviation veteran Martyn Fiddler has died aged 85. Mr Fiddler set up Martyn Fiddler Associates in 1984 as a corporate services provider but went…

Gross to receive ELFA advocacy award

Rob Hodgetts

21 May 24

0

Edward K. Gross will receive the 2024 David H. Fenig Distinguished Service in Advocacy Award. The honour goes to people who have made significant contributions…

FL3XX

STACK.aero and FL3XX to demo integration benefits at EBACE

Yves Le Marquand

20 May 24

0

STACK.aero to showcase customer relationship management (CRM) integration with FL3XX’s aircraft operations platform at EBACE 2024. This will be the first time EBACE delegates will…

Luxaviation Group acquires 17 Sky Valet FBOs

Fayaz Hussain

17 May 24

0

Luxaviation Group announced that it has acquired 17 fixed base operators (FBOs) from Sky Valet expanding its ExecuJet network to a total of 141 sites…

FL3XX

FL3XX now compliant with TSA Secure Flight Final Rule

Yves Le Marquand

17 May 24

0

FL3XX’s CORE platform is now fully compliant with US Transportation Security Administration’s (TSA) Secure Flight Final Rule. This update offers a streamlined approach to managing…

Jet.AI soars in Q1 with 105% revenue increase

Fayaz Hussain

16 May 24

0

Jet.AI reported a strong first quarter of 2024, boasting a 105% year-over-year revenue increase to $3.8m driven by a surge in software app and management…

Matk Ozenick appointment president of Volato Aircraft Management Services.

Volato posts $17.4m loss; delivery delays shrink revenue in Q1

Fayaz Hussain

16 May 24

0

Private aviation company and largest operator of HondaJet in the US Volato announced financial results for the first quarter of 2024 posting a net loss…

Dustin Cordier, founder StepZero Coaching.

Cordier expands StepZero Coaching offering

Rob Hodgetts

10 May 24

0

Aviation consultant Dustin Cordier has added two key pillars to his StepZero Coaching to advise business owners on strategy, execution and sales coaching. Cordier…

Wheels Up’s profit plan

Alasdair Whyte

10 May 24

0

This time last year there was a lot of noise around Wheels Up. The company had just announced that Kenny Dichter, its founder, was stepping…

Wheels Up revenue falls by 44%, aiming for profit by year end

Fayaz Hussain

9 May 24

0

Wheels Up Experience announced its financial results for the first quarter ended March 31, 2024 with total revenue declining by 44% year-over-year to $197m, with…

MRO Insider

MRO Insider Partners with IADA to Enhance Broker Portal Experience

Yves Le Marquand

9 May 24

0

The International Aircraft Dealers Association (IADA) has partnered with MRO Insider to enhance the functionality of its member-exclusive IADA Dealer/Broker Portal. The collaboration promises to…

Gogo announces partners For 5G network and onboard systems

Gogo Aviation net income jumps 49% in first quarter

Fayaz Hussain

9 May 24

0

Gogo Aviation, a leader in aviation broadband connectivity, soared in the first quarter of 2024 as revenue climbed 6% year-over-year to $104.3m, fuelled by both…

SkyShare

‘Lowering the entry barrier’: SkyShare makes changes to fractional ownership

Yves Le Marquand

8 May 24

0

SkyShare has unveiled a new financing programme for its fractional aircraft ownership plans aimed at lowering the entry barrier for small to medium-sized businesses. The…

Embraer executive aviation revenues jump 175%

Fayaz Hussain

7 May 24

0

Brazilian aerospace manufacturer Embraer posted first quarter 2024 financial results wherein it reported its highest first quarter revenue in eight years at $239.6m compared to…

Market

‘Get out of your head and into the market’

Alasdair Whyte

3 May 24

0

As a former childhood magician, I’m often reminded of a story about Harry Houdini, the world’s most renowned magician and escape artist, writes Jay Mesinger,…

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