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Posts From Alasdair Whyte

Jetcraft calls recovery and backs bigger aircraft for next ten years

Jetcraft calls recovery and backs bigger aircraft for next ten years

Jetcraft, one of the world’s largest buyers and sellers of business aircraft, is calling the end of the business jet downturn. The company forecasts that 8,349 aircraft will be delivered between now and 2026. Larger cabin aircraft will account for

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Global Jet Capital rethinks aircraft remarketing and aims to simplify ownership

Global Jet Capital rethinks aircraft remarketing and aims to simplify ownership

It is not unusual for financial institutions to own aircraft that are for sale at trade shows. Leases end and sometimes aircraft need to be repossessed. But it is not something they typically advertise. At NBAA 2017, Global Jet Capital

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Embraer launches Phenom 300E

Embraer launches Phenom 300E

Embraer has launched a new version of its successful Phenom 300 light jet series with the Phenom 300E. The Phenom 300E has an enhanced cabin and inflight entertainment system. It has a list price of $9.45 million with deliveries starting

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PayNode joins with WorldFirst

PayNode joins with WorldFirst

PayNode, the online payment platform for business charter, launched at last year’s NBAA. In the last 12 months, the Avinode division has added more than 100 companies. Now it is announcing a new partnership with international payments specialist WorldFirst. PayNode

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Stellar raises $26 million from Volaris founders, Global Jet Capital and Uber co-founder

Stellar raises $26 million from Volaris founders, Global Jet Capital and Uber co-founder

Stellar Labs, the online business jet charter market, has raised $26.3 million in Series A equity. The investors in the round are: business jet finance company Global Jet Capital; Columbia Equity Partners – a specialist aviation investor; and Expa the

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Zetta Jet says FBI investigating fraud allegations

Zetta Jet says FBI investigating fraud allegations

Zetta Jet’s management team has said that the FBI is investigating its allegations of fraud against Geoffrey Cassidy, a co-founder and shareholder. In a bankruptcy court filing, Michael Maher, CEO of Zetta Jet, said: “The FBI has interviewed the Debtors’

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Hongkong Jet adds second BBJ in Guernsey

Hongkong Jet adds second BBJ in Guernsey

Business Aviation Services Guernsey, the Channel Island subsidiary of Hongkong Jet, has added a Boeing Business Jet 2 to its Guernsey Aircraft Operating Certificate (AOC). The aircraft registered (2-BASG) will be based in Dubai. UAS Trip Support is charter sales

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GE cuts productivity by cutting business jet fleet

GE cuts productivity by cutting business jet fleet

Under pressure from an activist shareholder to cut costs, GE is reducing the number of business jets it owns. “We are executing on a plan to take out $2 billion in cost by the end of 2018. As part of

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Zetta Jet shareholders fight over Chapter 11 filing and criminal allegations

Zetta Jet shareholders fight over Chapter 11 filing and criminal allegations

Chapter 11 filings are often complicated, heated affairs. But the shareholders of Zetta Jet, the Singaporean-headquartered US business jet operator, are in open conflict. Lawsuits have been filed in both countries, including one alleging racketeering, fraud and other criminal activities.

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Lilium gets $90 million series B funding for five-seat electric aircraft

Lilium gets $90 million series B funding for five-seat electric aircraft

Lilium has received $90 million in Series B funding to help it launch a five-seater electric-powered vertical take-off jet. “This investment is a tremendously important step for Lilium as it enables us to make the five-seat jet a reality,” said

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