UBS Investment Research’s latest Business Jet Market Index, released this morning, shows the fifth consecutive move higher, “indicative of a continuing slowing in the rate of market deterioration.” The index, which measures the change in a group of business aviation professionals’ views from previous UBS index surveys, came in at 37, slightly higher than [...]

The large-cabin Cessna Citation Columbus program has been “formally cancelled,” according to a Form 8-K report filed with the Securities and Exchange Commission late last week by Cessna Aircraft parent Textron. The move comes just a little more than two months after Textron’s decision “to suspend the development of the Citation Columbus widebody jet [...]

While business aircraft flight hours are down from last year, the level of industry safety has increased disproportionately, according to statistics released by Boca Raton, Fla.-based business aviation safety analyst Robert E. Breiling Associates. In the first half of the year, the U.S. business airplane fleet experienced 13 accidents versus 34 during the same [...]

The European Aviation Safety Agency (EASA) will extend discussion of the most contentious points arising from its proposed new rules for aircraft operations and has indicated that it could permit greater flexibility for business aviation on issues such as flight and duty time limitations (FTL). At a meeting with the European Business Aviation Association [...]

The NTSB on Thursday released its final report on the Sept. 3, 2007 airplane crash that claimed the life of adventurer Steve Fossett, saying that his aircraft, a borrowed American Champion Super Decathlon (N240R), hit the side of a mountain near Mammoth Lakes, Calif., after “an inadvertent encounter with downdrafts that exceeded the climb [...]

Key US senators yesterday introduced an FAA reauthorization bill that would provide more than $40 billion in funding for agency operations in 2010 and 2011 and set accelerated deadlines for modernizing the US ATC system, but would push contentious questions over long-term funding and how to cover the cost of upgrading ATC to 2011. [...]

British Airways CEO Willie Walsh continued to maintain yesterday that the carrier is in a “fight for survival” and that “just hoping for old high-roller times to return is the road to oblivion” at the company’s annual shareholders meeting in London.

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Norwegian Air Shuttle reported consolidated net profit of NOK180.2 million ($27.6 million) in the second quarter, an impressive reversal from the NOK62.2 million loss incurred in the year-ago period.

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