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Latest news
Austrian Airlines urges gov't to ease structural burdens
Despite recording a strong summer performance "under challenging conditions", Austrian Airlines CEO Annette Mann has cautioned that "the structural burdens of the Austrian business environment leave very little room for sustainable long-term planning". Citing a 37% year-on-year EBIT decline, spiralling fuel costs which have...
Despite recording a strong summer performance "under challenging conditions", Austrian Airlines CEO Annette Mann has cautioned that "the structural burdens of the Austrian business environment leave very little room for sustainable long-term planning". Citing a 37% year-on-year EBIT decline, spiralling fuel costs which have forced short-haul cuts, and competition over aircraft allocation amid OEM backlogs, Mann has reiterated calls for localised air travel tax cuts and government support.
The carrier suggests that without such intervention it may lose out on opportunities to renew its long-haul fleet, as aircraft and investments are "directed to locations that offer the strongest long-term economic prospects". It also recommends that the Vienna airport hub be strengthened. Nevertheless, Mann remains "cautiously optimistic" and claims that ongoing discussions with the government are "progressing well".
06Nov2026
Nigeria's Edo State partners China Express to launch Edo Air
This article is only available with a subscription for Commercial Aviation News, Operator & Airport Data.
06Nov2026
ITA Airways to return to Milan Malpensa with Lima route
This article is only available with a subscription for Commercial Aviation News, Operator & Airport Data.
06Nov2026
Wheels Up orders 6 Phenom 300Es for delivery in 2H27
Wheels Up (WUP, Teterboro) has placed an order with Embraer Executive Jets for six new Phenom 300Es for delivery in the second half of 2027, scheduled for delivery in the second half of 2027. The order builds on a fleet modernisation plan introduced in late 2024 and aims to accommodate anticipated growth in...
Wheels Up (WUP, Teterboro) has placed an order with Embraer Executive Jets for six new Phenom 300Es for delivery in the second half of 2027, scheduled for delivery in the second half of 2027. The order builds on a fleet modernisation plan introduced in late 2024 and aims to accommodate anticipated growth in customer demand.
The agreement follows three years of discussions between Wheels Up and Embraer over the acquisition of new aircraft. Valued at approximately USD90 million, the deal includes an initial deposit financed substantially through an equipment financing arrangement with Bank of America and PNC Bank, according to Wheels Up's third-quarter 2026 financial results.
“Having completed our fleet modernisation programme earlier this year, over 18 months ahead of schedule, we have seen strong growth in demand for our Signature membership offering, supported by our best-in-class fleet of Phenom and Challenger aircraft,” said George Mattson, CEO of Wheels Up.
Speaking to Corporate Jet Investor, Mattson said the company would remain “opportunistic” in acquiring additional aircraft, noting that “there is a big, deep secondary market for Phenom and Challenger jets.”
The six new Phenom 300E aircraft, scheduled for delivery during the third and fourth quarters of 2027, will join twenty-nine Phenom 300 and Phenom 300E jets and fifteen Challenger 300 family aircraft in Wheels Up's fleet.
Until now, Wheels Up focused on the pre-owned aircraft market for fleet acquisitions. The first Phenom 300 and Phenom 300E jets were added in early 2025, followed shortly afterwards by the first Challenger 300. In late 2026, Wheels Up inducted a Challenger 350.
Additionally, after retiring all legacy aircraft in April, the company continues to divest all remaining owned Citation XLS, Citation X, Hawker 400XP, and King Air 350i Beech (twin turboprop) aircraft.
05Nov2026
US's Sherpa Air plans management, charter, MRO expansion
This article is only available with a subscription for Business Jet News.
05Nov2026
Nigeria's Flybird launches Dassault operations
This article is only available with a subscription for Business Jet News.
05Nov2026
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