Finance, Taxes, Insurance
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
Finance, Taxes, Insurance
GJC Raises Another $617M through Securitization
Business aviation financier has closed on eight asset-back securities
Charter & Fractional
Volato Facing Class-action WARN Act Lawsuit
Move follows reported layoffs of 233 employees in late August
Finance, Taxes, Insurance
Vertical Splits Stock as eVTOL Aircraft Developer Seeks New Investment
UK eVTOL aircraft developer reports financial results for first half of 2024
Finance, Taxes, Insurance
Boeing Pays Embraer $150M To Settle Buyout Dispute
Settlement payment confirmed in Securities and Exchange Commission filing
Aircraft
Embraer Explores Options for Indian Supply Chain
Efforts focus on bid to supply KC-390 Millenium tanker/transport aircraft to Indian Air Force
Finance, Taxes, Insurance
NBAA Honors John Hoover with Silk Scarf Award
Hoover was a former chair of the NBAA Tax Committee
Charter & Fractional
Wheels Up Boosts Benefits for Members in U.S. and Europe
Improved terms apply for members committing to at least $500,000 in pre-funded flights
Airports
Brisbane Bids For eVTOL Air Taxis to Support 2032 Olympic Games
Urban air mobility is among several transportation upgrades the Australian city is considering
Charter & Fractional
Jetvia Fractional Ownership Plan Offers 25% Down Payment
Texas company operates a fleet of Bombardier Learjet 60 aircraft
Finance, Taxes, Insurance
SkyDrive Attracts $55 Million in New Funding for eVTOL Aircraft
New backers include public transportation group Osaka Metro
Finance, Taxes, Insurance
Aerospace Workers Strike at Eaton's UK Factory
Fareham facility makes systems and equipment for aircraft including business jets
Finance, Taxes, Insurance
IADA Expands Membership with Eight More Companies
Among the latest companies are dealers, lenders, law firms, and an aircraft management provider
Finance, Taxes, Insurance
Increased eVTOL Aircraft Deliveries Boost EHang's Bottom Line
49 of its two-seat autonomous aircraft were delivered in the second quarter of 2024
Finance, Taxes, Insurance
Broker Titan Insurance Acquires Plimsoll
Titan says Plimsoll purchase adds value
Finance, Taxes, Insurance
EBAA Goes It Alone with EBACE Show after NBAA Sells Stake
Europe's business aviation industry group will promote the Geneva show without its U.S. partner
Training and Workforce
USAIG Gives Policyholders Access to VAI's Risk Program
ORRA program coaches help helicopter operators to be more resilient in dealing with risk
Aircraft
Court Overturns Zunum's Trade Secrets Verdict against Boeing
U.S. District Court ruling reverses damages totaling more than $70 million
Training and Workforce
IADA's NextGen Committee Makes Strong Start to Its Work
Group has held in-person and virtual events for newcomers to the industry
Finance, Taxes, Insurance
Archer and Joby Build Momentum in Last Stretch to eVTOL Service Entry
U.S. advanced air mobility frontrunners announce second-quarter results
Charter & Fractional
Wheels Up Cuts Losses and Smoothes Operations in 2Q
Private flight provider says profitability can be achieved by the end of 2024
Finance, Taxes, Insurance
Guardian Jet Launches Light Business Aircraft Division
The company is well-known in the large aircraft sales segment
Finance, Taxes, Insurance
Battery Group CATL Invests in AutoFlight's eVTOL Aircraft Plans
The Chinese companies will work together to develop batteries supporting longer range and higher payloads for aircraft
Rotorcraft
Helicopters Contribute To Strong Growth at Leonardo
Orders, revenues, and earnings grew during the first six months of 2024
Finance, Taxes, Insurance
New Liability Insurance Option for Aviation Contractors
Insurance underwriter Worldlink Specialty and Oneglobal Broking introduced the new AeroPro liability insurance product
Aircraft
Bombardier Deliveries, Service Revenues Jump in Second-quarter 2024
Supply chain remains a headwind, particularly with engines
Finance, Taxes, Insurance
Avolon and Airbus to Explore Financing for Zero-Emission Flight
Financing and leasing are key to making hydrogen-powered commercial flight a reality
Aircraft
Asian Sales Group Plans to Buy VoltAero Cassio Hybrid-Electric Aircraft
Global Sky signed a memorandum of understanding for 15 of the five- to 12-seat aircraft
Rotorcraft
Bell Helo Deliveries Dip Slightly in Second Quarter
Bell delivered 32 commercial helicopters in the quarter
Finance, Taxes, Insurance
2Q Revenue, Profits Grow at Textron Aviation despite Flat Jet Shipments
Company delivered 42 jets, 22 Caravans, and 21 King Airs in the quarter
