Textron Aviation said the economic instability created by Covid-19 makes it difficult for customers to purchase, take delivery of, and operate aircraft.
Data analysts report business aviation traffic to be between 65 and 77 percent down on 2019, but fluctuations in future charter demand may be stabilizing.
The approval from the European Union Aviation Safety Agency follows Atlas Air Service's successful demonstration to the German Federal Aviation Authority.
Honeywell has temporarily reduced MSP program's minimum flight hours on engines and APUs and extended return times for rental engines and spares exchanges.
Show organizer said it is delaying LABACE 2020 due to Covid-19, but hasn't yet set dates for the later-than-usual Latin American business aviation event.