Content Archive: May 2022

Charter & Fractional

Wheels Up Reports Record Revenues, Large Losses in 1Q22

Wheels Up Q1 revenues topped $325 million, but it lost $89 million in the process.
Finance, Taxes, Insurance

Residco Adds To Leasing Pool with Brown Asset Buy

Leasing company Residco is making a move into the light aircraft leasing business and plans to serve flight schools and university flight programs.
Engines

C&L Division Acquires Batch of CF34-3B1 Engines

The C&L Engine Solutions acquisition will support operators of the Bombardier Challenger 604, 605, and 850 as well as CRJ200 regional jets.
Safety

FlightSafety, Presage Team On Gulfstream Go-around Study

FlightSafety International and Presage Group partner on groundbreaking psychological study of go-around decision making for Gulfstream operators.
Engines

Blackhawk Begins Cert Testing PC-12 Engine Upgrade

Blackhawk Aerospace's XP67P Engine+ Upgrade program for the Pilatus PC-12 is expected to provide the turboprop single more power and efficiency.
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Rotorcraft

Blade's Q1 Revenues Jump 187 Percent

Blade Air Mobility said revenues from organ transports, short-haul passenger flights spurring growth.
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Unmanned Aerial Vehicles

General Atomics Unveils Carrier-capable MQ-9B UAV

Equipped with a STOL wing kit, the MQ-9B SkyGuardian/SeaGuardian will be capable of operating from assault carriers and regular aircraft carriers.
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FBOs

TAM Aviação Executiva Earns Brazil’s First IS-BAH Rating

Brazilian business aviation services company TAM Aviação Executiva has received IS-BAH registration for its flagship FBO at São Paulo Congonhas Airport.
Maintenance and Modifications

Marsh Brothers Aviation Expands Sales to Europe

Marsh Brothers Aviation inks distribution agreement with Aviation Parts Services in Germany.

Passenger Lands Caravan after Pilot Becomes Ill

After the pilot of a Cessna Caravan became incapacitated a passenger took the controls and with the help of ATC landed it safety.