General aviation

Sustainable Aviation Fuel Market worth $16.8 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, November 29, 2023
Aircraft, Hydrogen, Aviation, Carbon, Agriculture, Aviation biofuel, Research, UAV, HAL/NAL Regional Transport Aircraft, TotalEnergies, Air taxi, Unmanned aerial vehicle, Investment, Advanced Air Mobility, Biofuel, Compressor, SAF, Commercial aviation, Transmitter power output, Row, OEM, Compound annual growth rate, Component, Battery, Rotorcraft, Fixed, Aerostructure, Growth, General aviation, Business, Sunlight, Permanent magnet motor, Renewable energy, Airline, Transport, Software, Avionics, Turbofan, Region, Turboshaft

The biofuel segment is poised to lead the sustainable aviation fuel market, driven by its eco-friendly nature, technological advancements, regulatory support, and increased investments.

Key Points: 
  • The biofuel segment is poised to lead the sustainable aviation fuel market, driven by its eco-friendly nature, technological advancements, regulatory support, and increased investments.
  • The biofuel segment in the sustainable aviation fuel (SAF) industry is anticipated to secure a larger market share due to several key factors.
  • The Middle East anticipates a higher SAF market CAGR, propelled by strategic investments in renewable energy and a commitment to sustainable aviation.
  • The Sustainable Aviation Fuel Companies includes major players Neste (Finland), World Energy (Ireland), Total Energies (France), LanzaTech (US), and Fulcrum BioEnergy (US), among others.

Sustainable Aviation Fuel Market worth $16.8 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, November 29, 2023
Aircraft, Hydrogen, Aviation, Carbon, Agriculture, Aviation biofuel, Research, UAV, HAL/NAL Regional Transport Aircraft, TotalEnergies, Air taxi, Unmanned aerial vehicle, Investment, Advanced Air Mobility, Biofuel, Compressor, SAF, Commercial aviation, Transmitter power output, Row, OEM, Compound annual growth rate, Component, Battery, Rotorcraft, Fixed, Aerostructure, Growth, General aviation, Business, Sunlight, Permanent magnet motor, Renewable energy, Airline, Transport, Software, Avionics, Turbofan, Region, Turboshaft

The biofuel segment is poised to lead the sustainable aviation fuel market, driven by its eco-friendly nature, technological advancements, regulatory support, and increased investments.

Key Points: 
  • The biofuel segment is poised to lead the sustainable aviation fuel market, driven by its eco-friendly nature, technological advancements, regulatory support, and increased investments.
  • The biofuel segment in the sustainable aviation fuel (SAF) industry is anticipated to secure a larger market share due to several key factors.
  • The Middle East anticipates a higher SAF market CAGR, propelled by strategic investments in renewable energy and a commitment to sustainable aviation.
  • The Sustainable Aviation Fuel Companies includes major players Neste (Finland), World Energy (Ireland), Total Energies (France), LanzaTech (US), and Fulcrum BioEnergy (US), among others.

Aircraft Gearbox Market worth $4.2 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, November 13, 2023
Aircraft, Triumph Group, Aviation, Research, Safety, UAV, Hydraulics, Timken Company, Electricity, Unmanned aerial vehicle, Advanced Air Mobility, Compressor, Commercial aviation, OEM, Component, Static, Rotorcraft, Fixed, Growth, Original equipment manufacturer, Region, General aviation, Business, Lubricant, Transmission (mechanical device), Airline, Adhesive, Transport, Jet fuel, Turbofan, Liebherr, Turboshaft

Engine gearboxes play a crucial role in transmitting power from the engine to other aircraft components, driving the prominence of this segment in the market.

Key Points: 
  • Engine gearboxes play a crucial role in transmitting power from the engine to other aircraft components, driving the prominence of this segment in the market.
  • Based on the component, the electric motor driven segment is projected to be the highest CAGR rate for the aircraft gearbox market during the forecast period.
  • Based on the platform, the civil aircraft segment is projected to grow at the highest CAGR rate for the aircraft gearbox market during the forecast period.
  • North America is projected to hold the higher market share for the aircraft gearbox industry during the forecast period.

Astronics Corporation Reports 2023 Third Quarter Financial Results

Retrieved on: 
Wednesday, November 8, 2023
Aerospace, Technology, Manufacturing, Other Transport, Air, Transport, Other Manufacturing, Other Defense, Defense, Engineering, Electronic Design Automation, Consolidated, Adjustment, OEM, Air travel, Water, Public expenditure, EBITDA, General aviation, Absorption, GAAP, Eagle Test Systems, Growth, Capital expenditure, Chapter 11, Title 11, United States Code, Astronics Corporation, Capital, Bookkeeping, Payment card, Airline, Cryptocurrency, Video game, Arms industry, Pharmaceutical industry

Third Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)

Key Points: 
  • Third Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)
    Consolidated sales were up $31.5 million, or 24.0%.
  • Aerospace Third Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)
    Aerospace segment sales increased $29.9 million, or 26.7%, to $142.1 million.
  • Cash used for operations was $1.1 million in the third quarter of 2023, improving from cash used of $2.0 million in the second quarter.
  • During the teleconference, management will review the financial and operating results for the period and discuss Astronics’ corporate strategy and outlook.

Helvetia further internationalises its business with UK branch

Retrieved on: 
Tuesday, November 7, 2023
Insurance, International, IRM, Country, General aviation, S&P, Marsh (company), Commercial, EUR, S&P Global Ratings, Marsh, RSA, Brexit

Helvetia Global Solutions receives regulatory approval for its UK branch to underwrite specialty lines business.

Key Points: 
  • Helvetia Global Solutions receives regulatory approval for its UK branch to underwrite specialty lines business.
  • With Helvetia Global Solutions and its UK branch, Helvetia is unlocking international, sustainable growth opportunities that make an important contribution to the strategic priority "profitable growth" of the helvetia 20.25 strategy.
  • Fabian Rupprecht, Group CEO of Helvetia, comments: "With the UK branch, we are further diversifying our business mix.
  • In preparation of the UK branch, Helvetia Global Solutions has successfully appointed Marc Davis as CEO of the UK branch.

Granite Continues Airfield Safety Enhancement Program at Tucson International Airport

Retrieved on: 
Thursday, November 2, 2023
Other Transport, Air, Transport, Commercial Building & Real Estate, Construction & Property, TUS, NYSE, Tucson International Airport, General aviation, Federal Aviation Administration, GVA, TAA, GMP, Safety, Airport Improvement Program, Airport, Sand, FAA, Airline, Risk

Granite (NYSE:GVA) announced today that it has been awarded an approximately $12 million dollar contract by the Tucson Airport Authority (TAA) as part of the TAA’s estimated $400 million, multi-year Airfield Safety Enhancement Program at Tucson International Airport (TUS).

Key Points: 
  • Granite (NYSE:GVA) announced today that it has been awarded an approximately $12 million dollar contract by the Tucson Airport Authority (TAA) as part of the TAA’s estimated $400 million, multi-year Airfield Safety Enhancement Program at Tucson International Airport (TUS).
  • The majority of funding will come from the Federal Aviation Administration (FAA) through the Airport Improvement Program, and the TAA will provide the requisite matching share.
  • “Granite has been working consistently at Tucson International Airport for the past 10+ years and has built a solid reputation for its work product.
  • We are the go-to contractor for airside civil work in a secure environment,” said Zach Thompson, Granite Area Manager.

New 'Climbing. Fast.' Industry Advocacy Campaign Launched to Spotlight Business Aviation's Sustainability Leadership

Retrieved on: 
Tuesday, October 17, 2023
Aircraft, Investment, Vertical, Viola, SAF, Business, HAI, General Aviation Manufacturers Association, NATA, Commercial, GAMA, WCA, Safety, Carbon, IBAC, Experimental Aircraft Association, Imagination, Movement, Helicopter Association International, EAA, AOPA, Workforce, Environment, National Business Aviation Association, National Air Transportation Association, Aviation, NAFA, News, General aviation, NBAA, Aircraft Owners and Pilots Association, Social media, Atmosphere, Renewable energy, Airline, Management, Woman, Exhibition

"Equally important, our industry has long made an ambitious commitment to sustainability, with measurable results.

Key Points: 
  • "Equally important, our industry has long made an ambitious commitment to sustainability, with measurable results.
  • initiative will take this message to policymakers, opinion leaders and other key audiences, informing perceptions about the industry's sustainability record and value."
  • "Business aviation is the technology incubator for the aviation industry, as we lead the way in advancing safety and sustainability," said General Aviation Manufacturers Association (GAMA) President and CEO, Pete Bunce.
  • "Our industry supports over 1.2 million total jobs and over $247 billion in total economic output in the United States.

Corporate Wings Pilot Justin Shive Selected for NBAA’s 2023 40 Under 40

Retrieved on: 
Friday, October 13, 2023
National Business Aviation Association, CAM, Corporation, Bombardier Challenger 300, Culture, Aircraft, Justin, Growth, Aviation, General aviation, NBAA, Airline

Cleveland, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Corporate Wings , one of the nation’s most experienced boutique aircraft management organizations, announced today that pilot Justin Shive is among the National Business Aviation Association’s Top 40 Under 40 .

Key Points: 
  • Cleveland, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Corporate Wings , one of the nation’s most experienced boutique aircraft management organizations, announced today that pilot Justin Shive is among the National Business Aviation Association’s Top 40 Under 40 .
  • Justin, who flies privately owned and managed Challenger 300 aircraft, started his career as a test pilot.
  • “We are thrilled that the NBAA recognized Justin for this honor and that Corporate Wings has been able to contribute to his success,” said Corporate Wings CEO Elizabeth Ricci.
  • “Justin is a great example of the kind of young aviation professional we are looking to attract to our team.

Chicago Executive Airport Announces Sky Harbour Hangar Campus Development

Retrieved on: 
Thursday, October 12, 2023
Commercial Building & Real Estate, Construction & Property, Air, Transport, REIT, Aerospace, Manufacturing, Transportation, Travel, Partnership, NYSE, Phoenix Deer Valley Airport, OPF, Harbor, Miami-Opa Locka Executive Airport, DVT, Nashville International Airport, ADS, APA, BNA, General aviation, Professional, SGR, Airline, Chicago metropolitan area

Chicago Executive Airport (PWK) and Sky Harbour Group [Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS)] today announced the execution of an agreement for the development of a Sky Harbour Home Base campus at PWK, the leading General Aviation airport in the Chicago area.

Key Points: 
  • Chicago Executive Airport (PWK) and Sky Harbour Group [Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS)] today announced the execution of an agreement for the development of a Sky Harbour Home Base campus at PWK, the leading General Aviation airport in the Chicago area.
  • We value the company’s track record of delivering on its commitments, and look forward to working together to enhance PWK’s value, both to the local community and to the business aviation community.”
    The Chicago Executive Airport campus joins Sky Harbour campuses now operating at Houston’s Sugar Land Regional Airport (SGR), Nashville International Airport (BNA), and Miami Opa-Locka Executive Airport (OPF); campuses in development at Denver Centennial Airport (APA), Phoenix Deer Valley Airport (DVT) and Dallas’s Addison Airport (ADS); and additional campuses soon to be announced.
  • Tal Keinan, Sky Harbour’s Chairman and Chief Executive Officer, commented, “Chicago Executive Airport is among the best-managed business aviation airports in the United States, serving one of the country’s top business aviation markets.
  • Sky Harbour is honored to be joining the PWK community and committed to maximizing the long-term benefits of a Sky Harbour campus to Prospect Heights, Wheeling, Cook County, and the Greater Chicago area.

HONEYWELL FORECAST SHOWS STRONG DEMAND FOR NEW BUSINESS JETS, INCREASED FOCUS ON REDUCING EMISSIONS

Retrieved on: 
Monday, October 16, 2023
Aircraft, Investment, Geography, COVID-19, Retirement, Honeywell Aerospace, SAF, Death, COVID, Honeywell, Original equipment manufacturer, Carbon, Aviation, Growth, Sale, Airline, Jet fuel, Tourism, Renewable energy, General aviation

Additionally, new users in business aviation have increased demand by 500 aircraft and 6% more flights over the next 10 years.

Key Points: 
  • Additionally, new users in business aviation have increased demand by 500 aircraft and 6% more flights over the next 10 years.
  • This, along with expected double-digit increases in turbofan deliveries in 2023 and 2024, shows our industry's commitment to meeting growing demand."
  • Key findings in the 2023 Honeywell Global Business Aviation Outlook include:
    New business jet deliveries in 2024 are expected to be 10% higher than in 2023.
  • Honeywell also uses information gathered from interviews conducted during the forecasting cycle with 100 nonfractional business jet operators representing a fleet of 206 business aircraft worldwide.