After seven quarters of revenue contraction, Wheels Up’s business has stabilized and is positioned for a profitable 2025, company officials said as they reported third-quarter (Q3) 2024 financials.
On the eve of NBAA-BACE, Textron Aviation has announced the next generation of light jets, including the Cessna Citation M2 Gen3, CJ3 Gen3 and CJ4 Gen3.
The Latitude has been the most delivered midsize jet since it entered service, but a small percentage of the fleet is up for sale relative to other bizjets.
Textron Aviation's Cessna Citation Ascend midsize business jet program has seen over 125 flights and 350 flight hr. completed on the prototype, Textron says.
Honeywell expects to more than double the fleet of HTF7000 engines over the next decade as it seeks to develop a next-generation successor for the 2030s.
Fleets are set to grow in all sectors except military and year-over-year growth is projected to be highest for the commercial and business aviation aftermarket.
The autothrottles streamline operations by managing aircraft speed, engine performance and power to allow the aircraft to climb, descend or maintain altitude.
Jeremy Kariuki, Aviation Week associate editor for business aviation, and Molly McMillin, managing editor for business aviation, discuss the agreement.