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Finance, Taxes, Insurance

GECAS Slashes Milestone's Value by $729M

GECAS has written down the value of its Milestone Aviation helicopter leasing unit by $729 million.

AINdebrief Episode 19 |July 31, 2020

NetJets Expanding Fleet, FXAir Launches, OEMs Release Q2 Results, Cyberattack Downs Garmin Data Services
Training and Workforce

SimVenture Flyers Get a Taste of Oshkosh Operations

While this year's EAA AirVenture show was canceled, there was a way for pilots to try their hand at flying into a simulated version of the iconic airfield.
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Rotorcraft

Pandemic Pounds New Helicopter Deliveries

While deliveries of new civil helicopters collapsed, OEMs were buoyed by their military business.

Textron Aviation Posts Loss, Delivery Drop During Covid

Textron Aviation reported a $66 million loss and 50 percent drop in Citation deliveries to 23 in the second quarter.
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Aircraft

Boom, Rolls-Royce Ink Overture Collaboration Pact

Teams working on the proposed Boom supersonic airliner have begun studying whether they can apply an existing engine architecture from Rolls-Royce.
Finance, Taxes, Insurance

IRS NPRM To Clarify Aircraft Management Taxes

The much-anticipated IRS proposal follows directives from the Tax Cuts and Jobs Act, which exempted certain management fees from commercial FETs.
Regulations and Government

Swiss Air Traffic Down Nearly 60 Percent in 1H 2020

Statistics released today by Switizerland's air navigation service provider reveal the impact of the Covid pandemic on the country's air travel.
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Aircraft

EHang Selects Main eVTOL Factory Site

The city government of Yunfu in Guangdong province is investing $6 million in EHang's factory, which will open with annual capacity to build 600 aircraft.
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Aircraft

Airbus Aims To ‘Significantly’ Cull Aircraft Inventory by Year-end

Europe's dominant OEM counted 145 unshipped airplanes in inventory at the end of June because of the Covid-19 pandemic.
Charter & Fractional

Partners in Aviation Offers Shared Ownership Option

Partners In Aviation, which matches potential private aircraft owners, has seen its business rebound as part of a "Covid bump."
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FutureFlight

EASA Launches Research on Safe Use of Artificial Intelligence in Aviation

Further study will lead to new guidelines, to be published in early 2021, on how to certify AI-based technology.
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FutureFlight

EHang Selects Main eVTOL Factory Site

The city government of Yunfu in Guangdong province is investing $6 million in EHang's factory, which will open with annual capacity to build 600 aircraft.
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FutureFlight On The Radar

U.S. Department of Transportation Seeks Comments on Future Technology Proposals

Stakeholders have until September 28, 2020, to comment on proposals published in the U.S. DoT's Pathways to the Future of Transportation document.
Aircraft

NASA X-Plane Provides New Vision

The NASA X-59 will fly with an eXternal Vision System in lieu of a forward-facing window.
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Regulations and Government

FAA Striving For Balance in Supersonic Regs

A key FAA official said the agency calls supersonic technologies a priority but said that noise, emissions, and harmonization issues need to be addressed.
Airlines

JetBlue Applying UV Light To Help Kill Covid Virus in Cabins

Honeywell has delivered eight of its new UV Cabin System to New York-based LCC JetBlue.
Aircraft

Gulfstream 2Q Deliveries Up, but Sales Dogged by Covid

In the second quarter, Gulfstream handed over 32 airplanes—one more than a year ago—but sales remained "difficult" due to Covid-19 travel restrictions.
Maintenance and Modifications

Constant's AOG Teams See Surge In Work

Constant Aviation's increased AOG work comes as idled business aircraft return to service.
Aircraft

Boeing Sees More Rate Cuts, 747 Production Ending in 2022

Boeing has begun studying consolidating 787 production into one site as output across its product line further slows.
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FBOs

New Hampshire FBO Wraps Hangar Renovation Project

Port CIty Air, the lone FBO at New Hampshire's Portsmouth International Airport, has finished a $270,000 resurfacing project in its hangars.
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Maintenance and Modifications

Covid-19 Impact on Mx Will 'Haunt Aviation,' ARSA Says

Aggregate employment at Aeronautical Repair Station Association member companies responding to a survey fell nearly 27 percent in six months.
Charter & Fractional

Directional Aviation Launches Premium Air Charter FXAir

Directional Aviation has launched FXAir as a premium product that “redefines and rescopes on-demand air charter.”
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Aircraft

Covid Crisis Hits GippsAero

The Australian aircraft manufacturer has seen sales and deliveries of its GA8 Airvan dry up during the pandemic.
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Maintenance and Modifications

Bombardier Broadens Structural Repair Support

Bombardier's Customer Response Center teams will work with The Mobile Repair Team to offer enhance structural repairs for its worldwide fleet.
FBOs

Oshkosh Airport Breaks Ground on New GA Terminal

Home to EAA's annual AirVenture fly-in, Wittman Regional Airport in Oshkosh, Wisconsin has begun work on a new GA terminal.
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Aircraft

Gulfstream Hits Triple Digits on G700 Flight Testing

Gulfstream Aerospace has taken its G700 past its maximum cruising speed and altitude as part of its new flagship's flight test program.
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FBOs

Pennsylvania Airport Debuts New Hangar

Lehigh Valley International Airport has wrapped up a two-year construction project, adding an additional 54,000 sq ft of aircraft storage space.
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Aircraft

Spirit Aero To Expand Work on Aerion Supersonic AS2

Under a new MoU, Spirit AeroSystems will design and build the Aerions AS2 forward fuselage, building on an earlier agreement covering preliminary work.
Aerion Supersonic
Training and Workforce

DOT Names 20 Industry Reps for Aviation Jobs Task Force

NBAA's Jo Damato is among the 20 appointees to a new DOT task force that will work to encourage high school students to pursue aviation careers.