Very light jet

March 19, 2009 - 8:27am

A Brazilian labor court ruled late yesterday that Embraer would not have to reinstate some 4,300 employees laid off in February after it found that the company did not violate any of the country’s labor laws.

February 27, 2009 - 11:49am

Dutch very light jet operator Bikkair shut down on February 4, saying that it was unable to secure the capital it needed to fund its development. The Rotterdam-based company began operations in March last year with the first of an undisclosed number of Cessna Citation Mustangs it ordered and had been offering block charter arrangements through its Amulet program.

February 27, 2009 - 11:48am

Russian investment firm Industrial Investors in late January announced its intention to sell all or a portion of AAI Acquisition, the company formed to buy the assets of bankrupt very light jet developer Adam Aircraft Industries last April. According to a company spokesman, Industrial Investors would prefer to find a partner help to develop the A700, but it would also sell AAI outright if needed.

February 26, 2009 - 11:36am

Is the light at the end of the tunnel of our economic crisis a reality, or merely the triumph of wishful thinking over reality?

Even as Congress haggles over the details of an $800 billion economic stimulus plan there are some signs of movement in a positive direction within the business aviation industry.

January 30, 2009 - 2:16am

Russian investment firm Industrial Investors today announced it is seeking to sell all or a portion of AAI Acquisition, the company formed to buy the assets of bankrupt very light jet developer Adam Aircraft Industries last April.

January 28, 2009 - 7:16am

European low-cost air-taxi pioneer Blink has taken delivery of three more Cessna Citation Mustangs. It now has four of the very light jets in service and another 26 on order, with five more due to arrive by October. Blink’s contract with Cessna calls for a total of 45 Mustangs. The company has confirmed that the first 30 of these are firm orders that will be delivered by the end of 2011.

January 27, 2009 - 6:20am

Russian investment firm Industrial Investors late last month announced it is seeking to sell all or a portion of AAI Acquisitions, the company formed to buy the assets of bankrupt very light jet developer Adam Aircraft Industries last April.

January 15, 2009 - 10:59am

Farnborough, UK-based air-taxi service Blink recently took delivery of three more Cessna Citation Mustangs and now has four of the very light jets in service and another 26 on order, with five more due to arrive by October. Blink’s contract with Cessna calls for a total of 45 Mustangs, which includes firm orders for 30 and options on 15.

December 4, 2008 - 10:52am

Florida Gov. Charlie Crist and local leaders joined Embraer executives this morning to break ground on the Brazilian aircraft manufacturer’s $50 million Phenom 100/300 assembly and completions facility at Melbourne International Airport. “Today’s groundbreaking celebrates a milestone for Embraer by launching its first U.S. assembly plant devoted to the executive jet business,” noted Embraer president and CEO Frederico Curado.

December 2, 2008 - 10:56am

The market for very light jets (VLJs) is set to take a significant dip as recession sweeps across Western economies, according to PMI Media. The firm’s latest study–The Very Light Jet Market 2008-17: The impact of the global financial crisis–predicts that 4,610 VLJs worth $9.54 billion will be delivered over this 10-year period.

 
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