The business aviation market is dominated by the North American market, with North American operators accounting for over 70% of all flight in 2023.

The latest update to the ongoing investigation was published May 13.

Volato recorded first quarter revenue of $13.2 million, a net loss of $17.4 million and a 39% increase in flight hours.

Comparison of aggregate hourly utilization

Comparison of aggregate hourly utilization results

Amazilia Aerospace is a developer of digital flight control, flight guidance and vehicle management systems for civil manned and unmanned aircraft.

Lithuania-based charter operator KlasJet plans to provide additional capacity to Israeli carrier Sun D’or over the summer peak season and beyond.

Gulfstream Aerospace’s G700 large business jet has received EASA type certification, following FAA certification on March 29, the company reports.