The fractional aircraft ownership industry is continuing to reshape with the decision by Bombardier to sell its Flexjet activities to Flight Options parent Directional Aviation Capital in a deal that comes with a new order for up to 245 Bombardier business aircraft valued at $5.2 billion. The sale, subject to regulatory approvals and other conditions, …
Embraer on Wednesday flew the first U.S.-built Phenom 300 after the light twinjet emerged from a new factory in Melbourne, Florida. Delivery will be made to Embraer Executive Jets for use as a flight demonstrator. Embraer said the production time for the Phenom 300 was half that of the first Phenom 100 built in Melbourne, …
Embraer is ramping up for another busy fourth quarter, when the company expects to nearly match the number of executive jets deliveries and revenues brought in through the first three quarters combined. During the third quarter, Embraer delivered 13 business jets, including 11 Phenoms and two of its large business jets – slightly fewer …
Cessna Aircraft hopes to bring a new Citation Sovereign to market next year that incorporates many of the same upgrades found on the Citation Ten, now called the X, along with improved range and performance. The Sovereign will be equipped with new Pratt & Whitney Canada 306D engines that, when combined with new winglets, will …
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