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All News

October 21, 2022

Honeywell Forecast Shows Strong Growth in Business Aviation

31st Annual Global Business Aviation Outlook Projects 8,500 Jet Deliveries for $274 Billion Over Coming Decade

Honeywell's 31st Annual Global Business Aviation Outlook delivered promising news, showing strong demand for business jets through 2032. The Outlook showed $274 billion worth of aircraft over 8,400 deliveries. From 2023 to 2032, that represents a 15% improvement in expenditures over the same forecasted period made 10 years prior. New bizjet deliveries in 2023 are expected to be 17% higher than  2022, with expenditures 20%.

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Universal Avionics Completes Aperture System

Series Production Begins for Visual Data Integration System

Universal Avionics has announced the completed development of its Aperture visual data management solution, now moving on to production. The Aperture system has been an object of interest for a major avionics OEM, and Universal says it’s just the first of many to express interest in its capabilities. Soon, the initial product line will be released to the public, with factory installations on new aircraft in development as part of a factory flight deck offering. 

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Starlink Aviation Launches Service

350 Mbps Speeds and Unlimited Data Heads Up the In-Flight Internet Competition Once Again

SpaceX has launched the aeronautical version of its Starlink internet service, offering high-speed, low-latency internet for aircraft at a low, low price of…$12,500 to $25,000 per month. While the service may seem somewhat exorbitant to the average person’s internet service, the world of business aviation is a different ecosystem entirely, and Starlink Aviation’s pricing is not too far from the average in the sector. The service itself is highly competitive, entering the market with a top speed of 350 Mbps among an industry still lagging behind with regular broadband speeds from 20 to 100 mbps.

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Gogo Boosts ANN NBAA Coverage At 5G Speeds!

Gogo AVANCE is Business Aviation’s Only True Technology Platform

In 2018 Gogo introduced the AVANCE connectivity platform and the new technology represented a paradigm shift for inflight connectivity in business aviation. Since that time, AVANCE has been so well received that others in business aviation have caught the “platform” bug. You see it in ads, marketing content, and sales pitches. Many technology players in business aviation are talking about the “latest and greatest platform” or “our new and improved (insert buzzword) platform.” But what, specifically, is a technology platform? What does it do and what benefits must it provide to warrant that term?

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Gulfstream Announces Savannah Facility Expansion for Next-Gen Aircraft

Gulfstream Kicking Production Up a Notch to Meet Expected Demand

Gulfstream Aerospace has announced an impending expansion of its Savannah, Georgia aircraft and wing manufacturing facility to meet expected customer demand of the next-gen Gulfstream G400. The 262,000 square-foot expansion will add dedicated space for G400 production and wing lines, with additional room devoted to  material delivery and distribution areas. The expansion also augments ongoing growth at Gulfstream’s wing production facility adjacent to the G400, G500 and G600 manufacturing building.

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Demand for Used Business Aircraft Continues to Rise

Despite Increasing Sales, Overall Fleet Quality Rating Remains “Excellent”

Asset Insight has published their 3rd quarter 2022 Market Report covering recent developments in the pre-owned business aircraft market, marking a continued increase in demand despite greater economic bumps in other markets. Inventory for used aircraft has continued to rise since March 2022 while lagging below 2021 levels for the same time period in each category of aircraft. Fleet-wide, inventory increased by more than 11%, while the average Ask Price rose by 8.9% to a 12-month peak.

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