What a year it’s been for aviation, artificial intelligence (AI), and countless other advancements in technology and engineering. In fact, the global private jet market is projected to reach $35.5 billion by 2028, growing at a CAGR of 5.6% from 2021 to 2028.  As airlines and manufacturers adapt to evolving consumer demands and sustainability goals, new models are emerging that prioritize efficiency and environmental responsibility. Also, advancements in air traffic management and safety protocols have enhanced operational reliability, [...]

As the President of VREF, standing at the helm of an organization that has navigated the skies of the aviation industry for three decades, I'm reminded of the wisdom of Amelia Earhart: “The most difficult thing is the decision to act, the rest is merely tenacity. The fears are paper tigers. You can do anything you decide to do. You can act to change and control your life; and the procedure, the process is its own reward. [...]

This year has been a flash in the pan, and it's hard to believe Thanksgiving is a week away. What a difference a year makes. To think it was all doom and gloom this time last year is almost hard to believe. While there are still many unknowns in terms of the global supply chain, inflation, interest rates, and the third pandemic winter, the one thing I can say for sure is general aviation is back. I remember [...]

The past three months have been interesting. Typically the 2nd quarter newsletter is focused on on-air shows and conferences. This year that is not the case. The world, as we know, came to a screaming halt in the first week of March. We have witnessed the entire commercial airline industry, travel and leisure sectors, restaurants, shopping malls, as well as tens of thousands of small businesses close. We have all been quarantined, literally watching the grass grow, [...]

We hope everyone had a Happy Holiday Season and enjoyed some time off with friends and family. 2018 was a welcomed change to the market environment from years past, we witnessed inventory levels drop to 10-year lows, as well as a significant uptick in new aircraft orders. Business aircraft finally welcomed the long overdue positive correction into a seller’s market. For the manufacturers of business aircraft, there were just over 200 new orders,but the shining star was Textron [...]