Posted on May 28th, 2019
Private jet sales flying high again after being grounded during the recession Wayne Starling, senior vice president and national sales manager for PNC Aviation Finance, told Mark Holan of the Washington Business Journal that corporations and high-net-worth individuals have emerged flush with cash from the recession. The replacement of aging aircraft put off during the downturn can’t…
Posted on November 30th, 2018
Bombardier Aerospace delivered 180 business jets last year, up one from 2012. However, the Canadian aircraft manufacturer missed its 2013 guidance by 10 business airplanes, “mainly due to the transition from the Learjet 40XR and Learjet 45XR to the Learjet 70 and Learjet 75, which entered service in the fourth quarter.” The company originally expected…
Posted on November 9th, 2010
By DAVID PORTER, Associated Press Tuesday, November 9, 2010 (11-09) 13:33 PST Newark, N.J. (AP) — A federal jury began weighing the fate of two former charter jet executives Tuesday after defense attorneys portrayed their clients as the victims of bad legal advice, not schemers who jeopardized passengers’ safety in the name of profit. “This…