NBAA
The National Business Aviation Association’s board has named longtime executive Dan Hubbard interim chief operating officer and day-to-day leader while President and CEO Ed Bolen steps aside for cancer treatment. The association also promoted Heidi Williams to senior vice president of operations ahead of NBAA-BACE.
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The National Business Aviation Association’s board has named longtime executive Dan Hubbard interim chief operating officer and day-to-day leader while President and CEO Ed Bolen steps aside for cancer treatment. The association also promoted Heidi Williams to senior vice president of operations ahead of NBAA-BACE.
High activity
Embraer has delivered the first Praetor 600E to Flexjet, making the fractional-ownership company the fleet launch customer for the upgraded super-midsize business jet. The handover comes 19 months after the companies announced an agreement for 182 aircraft, with 30 additional options, valued at $7 billion.
ONEflight has paused sales activity as it faces financial troubles, raising questions about whether customers who purchased its jet card products will recover their investments. The development highlights the counterparty and liquidity risks facing buyers of prepaid private aviation services.
The business-jet market is projected to expand from an estimated $27 billion in 2025 to more than $60.5 billion over the following decade. The forecast points to sustained growth in demand for business aviation and an expanding opportunity for manufacturers, operators and service providers.
Honda Aircraft has pushed the planned introduction of its HA-480 Echelon light business jet back three years to 2031, citing supply issues. The company says development continues and has completed assembly of the aircraft’s first wing structure as it works toward market entry.
Airbus has appointed Nicolas Boltoukhine, an experienced corporate aviation executive and pilot, to lead Airbus Corporate Helicopters. He succeeds Frederic Lemos, who is departing after serving as the unit’s CEO since 2017.
Global Jet Capital projects that transactions involving new and pre-owned business jets will approach a quarter of a trillion dollars over the next five years. The forecast points to sustained capital flows across business aviation, spanning aircraft sales and the secondary market.
Honda Aircraft has completed the wing for its first Echelon business jet, but the program’s first flight and certification timeline has slipped. Final assembly is now scheduled for early next year, extending the development schedule for Honda’s next-generation light jet.
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