ch-aviationLuciano Braganca

Flight Options (Ohio) wins US appeal in $39mn IRS Federal Excise Tax dispute over fractional ownership services

A US appeals court ruled in favor of Flight Options (Ohio), overturning a lower court decision in a tax case contesting whether the 7.5% Federal Excise Tax (FET) applies to fractional ownership services. The dispute centers on IRS liability of roughly $39 million.

2026-06-02T13:41:45.941915-07:00
Air Data NewsRicardo Meier

Cessna Citation M2 Gen3 begins flight test program

By Air Data News: Updated light jet completed its maiden flight and is targeting certification in 2027 Textron Aviation has completed the first flight of the Cessna Citation M2 Gen3 , the latest evolution of the entry-level business jet as the manufacturer works toward FAA certification and entry into service in 2027.

2026-06-02T12:22:17.730660-07:00
FlightGlobalDominic Perry

Whisper breaks silence on JetFoil integrated ducted fan concept

By FlightGlobal: Developer claims significant benefits from blown-wing configuration for the next generation of runway-independent aircraft.

2026-06-02T08:43:10.757999-07:00
politico.euTommaso Lecca

All flights to and from Brussels, Charleroi airports canceled due to surprise strike

By politico.eu: The absence of Belgian air traffic controllers at both hubs led to more than 100 flights being disrupted.

2026-06-02T07:56:58.224412-07:00
FlightGlobalDavid Kaminski-Morrow

IndiGo surrenders one of its leased Norse 787s after Manchester route closure

By FlightGlobal: Indian budget carrier had taken six aircraft from Scandinavian operator to kick-start long-haul expansion. One of the six Norse Atlantic Boeing 787-9s being wet-leased by Indian budget carrier IndiGo is being returned early, owing to a network change.

2026-06-02T09:41:29.418469-07:00
ch-aviationHilka Birns

Insurers lose $340mn Russian aircraft claim

By ch-aviation: Support Contact Newsroom Print Page Preparing for print Commercial Aviation © Tis Meyer (PlanePics.org) By Hilka Birns 02Jun2026 LinkedIn X Facebook Copy news link RSS Feed In a setback for the aviation insurance industry, the Commercial High Court of England and Wales in London has rejected claims by Chubb European Group and Fidelis Insurance Ireland to recover about USD340 million from various war risk underwriters over payouts linked to aircraft lost to lessors following Russia's full-scale war on Ukraine.

2026-06-02T07:57:02.054042-07:00