BizAv News

AeroTime

Bahamas bills aircraft operators retroactively, raising fees as much as 700% for flights since 2021

The Bahamas is retroactively billing some aircraft operators for flights dating back to May 2021, with fee increases ranging from 300% to 700%. The move creates unexpected cost exposure for operators and raises operational and compliance concerns over the country’s aviation-fee collection practices.

FlightGlobal

High activity

2Excel Aviation eyes Electra’s EL9 Ultra Short as potential fleet addition

AINonline

Heavy Jets Lead 11.2% Rebound in Preowned Business-Jet Transactions in Q2 2026

Preowned business-jet transactions rose 11.2% in the second quarter of 2026, with heavy jets leading the market’s rebound. The increase signals renewed activity in the secondary business-aviation market, though the available data does not specify transaction value, aircraft volumes by segment, or the drivers behind the recovery.

AINonline

NBAA Welcomes Extended Deadlines and Rebates in Revised Radio Altimeter Rule

The National Business Aviation Association welcomed changes to the radio altimeter rule that push compliance deadlines and introduce a rebate program. The revisions give operators additional time to address affected equipment while providing financial support for upgrades tied to the rule’s implementation.

AINonline

Wheels Up’s mixed second-quarter results show private aviation group still pursuing profitability

Wheels Up reported mixed second-quarter results as it continued working toward net profitability, while membership in its Signature private-flight group doubled during the first half to more than 1,200. The figures highlight both expanding customer participation and the ongoing challenge of converting growth into sustainable earnings.

AeroTime

PeakJet completes first semi-private flight between Zurich and Palma de Mallorca

Swiss semi-private aviation startup PeakJet has completed its first commercial flight, operating between Zurich and Palma de Mallorca. The platform allows travelers to book individual seats on private-jet flights, offering an alternative to full-aircraft charter for the route and potentially other markets.

ch-aviation

Global Jet Luxembourg adds first production Bombardier Global 8000

Global Jet Luxembourg has added the group’s first production Global 8000, expanding its business-jet fleet with Bombardier’s flagship aircraft. The aircraft is based in Luxembourg, according to the company’s announcement, marking a new addition to Global Jet’s managed-aircraft portfolio.

ch-aviation

NetJets limits jet-card and lease sales as it prioritizes fractional ownership

NetJets Aviation is limiting sales of jet cards and leases as the Columbus, Ohio-based operator shifts emphasis toward fractional ownership. The move points to a tighter focus on its shared-ownership model and could affect how customers access NetJets aircraft outside traditional fractional programs.