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☆ The Cessna CitationJet family was the most popular private aircraft in the US for 2023. See all the varying models that make it so desirable.
▼ + stars: | 2024-02-29 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

The Cessna CitationJet was the most popular private plane in the US in 2023, according to JetSpy. The ultra-rich prefer private aviation for its convenience and the variety of aircraft available. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. However, Textron Aviation's family of Cessna CitationJet aircraft proved to be the most popular in the US last year, performing a collective 273,522 flights in 2023, according to data from the aircraft-tracking website JetSpy. AdvertisementHere's a closer look at the CitationJet series, which all offer varying ranges, speeds, and cabins to suit the needs of rich flyers.

Persons: — Organizations: Cessna, Service, Bombardier Global, Textron Locations: Sun

☆ What happens when an airplane cabin suddenly depressurizes?
▼ + stars: | 2024-01-14 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +12 min

CNN —A loud bang, a jolt, and cold air whooshing suddenly through the cabin: these were the immediate signs that something was very wrong aboard Alaska Airlines flight 1282, according to one passenger report. As investigators work to determine exactly what caused the incident, we look at what happens when an aircraft experiences a sudden loss of cabin pressure and the risks for those on board. “As the aircraft climbs, the cabin pressure will eventually settle to about 8,000 feet. The flight crew will immediately start working to get the aircraft down to about 10,000 feet, where the air will be breathable. There will also be a massive wind blast as all that pressure in the cabin goes out the hole.

Persons: ”, Graham Braithwaite, Braithwaite, ” Braithwaite, there’s, “, Jonathan Clark, that’s, David Gradwell, Clark, Sara Nelson, Patrick Smith, would’ve, wasn’t, ” Smith, it’s, we’ve Organizations: CNN, Alaska Airlines, Cranfield University, “, Boeing, Japan Airlines, Southwest Airlines, Baylor College of Medicine, King’s College London, Helios Airways, US Air Force, Cessna Citation, Association of Flight, National Transportation Locations: Tokyo, Greece, Washington, Virginia, Alaska

☆ Staffing shortages, outdated facilities threaten US air safety -- report
▼ + stars: | 2023-11-15 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The panel, named by the Federal Aviation Administration (FAA), released a 52-page report citing problems that included shortages of air traffic controllers, technology issues, outdated systems and dramatic funding needs. It cited aging FAA air traffic control facilities with leaking roofs, broken heating and air conditioning systems and old surveillance radar systems that must soon be replaced at a cost of billions of dollars. A government watchdog report said in June critical air traffic facilities face significant staffing challenges, posing risks to air traffic operations. The FAA said in March it was taking steps to improve air traffic control operations, which are short-staffed. "There is no question that we are seeing too many close calls," the head of the FAA's air traffic organization told employees.

Persons: LaGuardia, Brendan McDermid, Michael Huerta, David Shepardson, Louise Heavens, Nick Zieminski, David Gregorio Our Organizations: REUTERS, Rights, Federal Aviation Administration, FAA, National Transportation, New York, Southwest Airlines, Boeing, Cessna, Thomson Locations: New, New York City , New York, U.S, New York City, San Diego

☆ The fastest private jets in the world ranked by speed
▼ + stars: | 2023-10-08 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

The Bombardier Global 8000 is poised to become the world's new fastest private jet come 2025. AdvertisementAdvertisementHere are some of the fastest private jets in the world — with one actually exceeding Mach 1 during a test flight. The G280 and G400 siblings have a maximum operating speed of Mach 0.85 and 0.90, respectively — making the latter also one of the world's fastest private jets. Dassault Falcon 10X: Mach 0.925 (710 mph)Dassault Aviation's new Falcon 10X private jet is scheduled to debut in 2025. Bombardier Global 8000: Mach 0.94 (721 mph)Private charter company NetJets will be the launch customer of the Global 8000.

Persons: —, they're, Dominique Boutin, Taylor Swift, Mike Fuchslocher, FlightGlobal Organizations: Bombardier Global, Manufacturers, Service, Boeing, Dassault Falcon, Getty, Dassault 7X, Bombardier, Gulfstream, Dassault, Falcon, Dassault Aviation, Gulfstream G700, Gulfstream Gulfstream, Qatar Airways Executive, —, Paris Air Show, Cessna, Textron Aviation, Private, Galactic's Locations: Concord

☆ Textron announces option to sell up to 1,500 Cessna Citation aircraft to NetJets
▼ + stars: | 2023-09-20 | by ( Mehr Bedi | ) www.reuters.com time to read: +1 min

A worker cleans a NetJets booth on the trade show floor, in preparation for the NBAA Business Aviation Convention & Exhibition at the Las Vegas Convention Center, in Las Vegas, Nevada, U.S., October 11, 2021. REUTERS/Steve Marcus Acquire Licensing RightsSept 20 (Reuters) - Textron Aviation (TXT.N) and NetJets on Wednesday signed an agreement which would give the private jet firm owned by Berkshire Hathaway an option to buy up to 1,500 additional Cessna Citation business jets over the next 15 years. The deal for Cessna Citation business jets, which are designed, produced and delivered by Textron, could be valued at approximately $30 billion, according to analysts at Jefferies. The deal extends NetJets' existing fleet agreement and includes options for an increasing number of aircraft each year, allowing it to expand its fleet with Cessna Citation Ascend, Citation Latitude and Citation Longitude aircraft. Deliveries of the Citation Ascend are expected to begin in 2025 when the aircraft, currently under development, is expected to enter into service.

Persons: Steve Marcus, Berkshire Hathaway, Mehr Bedi, Shilpi Majumdar Organizations: NBAA Business Aviation Convention, Las Vegas Convention, REUTERS, Textron Aviation, Wednesday, Berkshire, Cessna Citation, Textron, Jefferies, Cessna, Thomson Locations: Las Vegas , Nevada, U.S, Bengaluru

☆ Stocks making the biggest moves midday: Instacart, Steelcase, Klaviyo and more
▼ + stars: | 2023-09-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Klaviyo — Klaviyo shares jumped more than 9% after the marketing automation company surged to $36.75 after its New York Stock Exchange initial public offering. Stellantis — Shares rose about 1.7% after sales in Europe of brands such as Peugeot and Opel surged more than 6% in August. On Holding — The shoe stock rose finished lower ever after Needham initiated coverage with a buy rating. Lululemon — The athleisure clothing company rose nearly 2% after Needham initiated coverage with a buy rating, saying it expects double-digit top-line growth as accelerating technical innovation drives demand. Davidson initiated coverage on the stock at a buy.

Persons: Instacart, Steelcase, Jefferies, Davidson, Mills, Coty, Morgan Stanley, Chewy, Oppenheimer, Needham, Goldman Sachs, Azul, it's, —, Alex Harring, Hakyung Kim, Jesse Pound, Michelle Fox, Sarah Min, Yun Li, Lisa Kailai Han Organizations: Nasdaq, New York Stock Exchange, Bausch Health, —, Health, Peugeot, Opel, Chrysler, United Auto Workers, Citi, D.A, LSEG, Coty, Technologies, Textron — Textron, Berkshire Hathaway, Cessna Citation, Azul, JPMorgan, First, Bank Locations: Europe, U.S

☆ Biden picks former aviation official to head FAA
▼ + stars: | 2023-09-07 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

REUTERS/Marco Bello/File photo Acquire Licensing RightsWASHINGTON, Sept 7 (Reuters) - The White House said on Thursday President Joe Biden is nominating a former senior aviation official to head the Federal Aviation Administration (FAA) that has been without a permanent head since April 2022. Biden is tapping Michael Whitaker, currently chief commercial officer for Supernal, a Hyundai company developing an electric air vehicle, who served as a deputy FAA administrator under President Barack Obama. "He knows aviation, he knows safety, he knows the FAA and he knows how to manage and modernize large organizations," he said. Biden's prior nominee to head the FAA Phil Washington withdrew in March after critics said he lacked aviation experience. The Air Line Pilots Association praised Whitaker's nomination and said the FAA needed "permanent, stable leadership that is safety-focused."

Persons: Marco Bello, President Joe Biden, Biden, Michael Whitaker, Barack Obama, Steve Dickson, Mike Whitaker, Pete Buttigieg, Biden's, FAA Phil Washington, Whitaker, Whitaker's, David Shepardson, Tomasz Janowski Organizations: American Airlines, Miami International Airport, Federal Aviation Administration, FAA, REUTERS, Rights, President, Hyundai, Southwest Airlines, Boeing, Cessna, Reuters, Transportation Safety, TWA, United Airlines, Flight, Foundation, The Air Line Pilots Association, Airlines for America, National, Thomson Locations: Florida, Miami , Florida, U.S, San Diego ., San Diego

☆ Take a look at the $10 million Embraer Phenom 300, which just became the new most popular private jet in the US
▼ + stars: | 2023-09-04 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

The Embraer Phenom 300 has surpassed the Cessna Citation Excel as the US' most popular private jet. AdvertisementAdvertisementThe Cessna Citation Excel family (top) has been the US' most-flown private jet for the past 15 years. jremes84/Shutterstock, NetJetsThe Cessna Citation Latitude, the Cessna Citation V, and the Cessna Citation CJ3 business aircraft were also in the FAA's monthly report as the third, sixth, and ninth most-flown private planes, respectively. And, it costs about $3 million less than $13 million Cessna Citation XLS+, which is the latest version of the Excel. He also explained that Embraer's "long airliner heritage" (the company also builds commercial planes) gives the Phenom 300 a "perception of being purpose-built for high utilization."

Persons: Embraer Executive Jets Michael Amalfitano, Brian Foley Organizations: Embraer, Cessna, Excel, Textron, Federal Aviation, Embraer Phenom, Embraer Executive Jets, LinkedIn, Private, Bloomberg Locations: Brazilian, America

☆ US FAA holding runway safety meetings after close call incidents
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

A Southwest Airlines plane approaches to land at San Diego International Airport as U.S. telecom companies, airlines and the FAA continue to discuss the potential impact of 5G wireless services on aircraft electronics in San Diego, California, U.S., January 6, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsWASHINGTON, Aug 22 (Reuters) - The U.S. Federal Aviation Administration said on Tuesday it will hold runway safety meetings at 90 airports over the next few weeks after a series of troubling close call aviation incidents. On Aug. 12, the FAA and National Transportation Safety Board (NTSB) said they were investigating a near collision between a Southwest Airlines (LUV.N) Boeing 737 and a Cessna Citation 560X business jet in San Diego. The NTSB is investigating seven runway incursion events since January, including the San Diego incident. In March, the FAA said it was taking steps to improve its air traffic control operations after near-miss incidents telling employees: "There is no question that we are seeing too many close calls."

Persons: Mike Blake, David Shepardson, Kirsten Donovan Organizations: Southwest Airlines, San Diego International Airport, FAA, REUTERS, Rights, U.S . Federal Aviation Administration, National Transportation Safety Board, Boeing, Cessna, NTSB, Thomson Locations: San Diego , California, U.S, San Diego

☆ US agencies investigate close call between Southwest plane, Cessna
▼ + stars: | 2023-08-13 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

A Southwest Airlines check-in area sits empty after Southwest Airlines flights resumed following the lifting of a brief nationwide stoppage caused by an internal technical issue, according to the U.S. Federal Aviation Authority (FAA), at Chicago Midway International Airport in Chicago, Illinois, U.S. April 18, 2023. The facility’s automated surface surveillance system alerted the controller about the developing situation and the controller directed the Cessna to discontinue landing. A person briefed on the matter said the initial review shows the Cessna passed over the top of the Southwest airplane by about 100 feet. The controller had cleared the FedEx plane to land and the Southwest plane to depart. The NTSB said the airport surface detection equipment issued an alert, and the air traffic controller gave go-around instructions to the JetBlue flight.

Persons: Jim Vondruska, David Shepardson, Andrew Heavens, Matthew Lewis, Raju Gopalakrishnan Organizations: Southwest Airlines, U.S . Federal Aviation Authority, FAA, Chicago Midway International, REUTERS, U.S . Federal Aviation Administration, National Transportation Safety, Boeing, Cessna, Daylight, San Diego International, FedEx, Southwest Boeing, Lear, JetBlue, NTSB, JetBlue Embraer, Thomson Locations: Chicago , Illinois, U.S, San Diego, San Jose, Austin , Texas, Boston, Washington

☆ US FAA investigates near collision between Southwest plane, Cessna
▼ + stars: | 2023-08-12 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

A Southwest Airlines check-in area sits empty after Southwest Airlines flights resumed following the lifting of a brief nationwide stoppage caused by an internal technical issue, according to the U.S. Federal Aviation Authority (FAA), at Chicago Midway International Airport in Chicago, Illinois, U.S. April 18, 2023. REUTERS/Jim VondruskaAug 12 (Reuters) - The Federal Aviation Administration (FAA) said on Saturday it is investigating a near collision between a Southwest Airlines (LUV.N) Boeing 737 and a Cessna Citation business jet in San Diego, the latest in a series of troubling U.S. aviation incidents. The facility’s automated surface surveillance system alerted the controller about the developing situation and the controller directed the Cessna to discontinue landing. A person briefed on the matter said the initial review shows the Cessna passed over the top of the Southwest airplane by about 100 feet. The controller had cleared the FedEx plane to land and the Southwest plane to depart.

Persons: Jim Vondruska, David Shepardson, Andrew Heavens, Matthew Lewis Organizations: Southwest Airlines, U.S . Federal Aviation Authority, FAA, Chicago Midway International, REUTERS, Federal Aviation Administration, Boeing, Cessna Citation, San Diego International, Cessna, National Transportation Safety, FedEx, Southwest Boeing, Lear, JetBlue, NTSB, JetBlue Embraer, Thomson Locations: Chicago , Illinois, U.S, San Diego, San Jose, Austin , Texas, Boston, Washington

☆ Private jets are descending on a small-town airport as the 'summer camp for billionaires' kicks off
▼ + stars: | 2023-07-11 | by ( Grace Kay | Taylor Rains | ) www.businessinsider.com time to read: +4 min

Private jets are already arriving in Sun Valley, Idaho ahead of the "summer camp for billionaires." Private jets have already begun piling up outside of small town Sun Valley, Idaho as some of the world's most powerful people head to Allen & Co's annual conference — also known as "summer camp for billionaires." Since Tuesday morning, over 40 private jets have flown through the nearby Friedman Memorial Airport ahead of the conference, with at least another 100 scheduled to arrive throughout the day, according to FlightAware. In 2021, the airport was so swamped with private jets that the FAA had to delay incoming flights until traffic dropped. Amazon founder Jeff Bezos and OpenAI CEO Sam Altman are expected to attend the event, according to Bloomberg.

Persons: Bill Gates, Jeff Bezos, Mark Zuckerberg, —, Drew Angerer, Tim Cook —, Louis Vuitton, Bernard Arnault, Chris Pomeroy, he's, Pomeroy, Sam Altman, Bob Iger Organizations: Private, Allen, Friedman, Federal Aviation Administration, FAA, Nike, The New York Times, Staff, Getty, Embraer, Cessna, Bombardier Global, Apple, Sun, Friedman Memorial Airport, New York Times, The Washington Post, ABC, Amazon, Bloomberg, Disney, Variety Locations: Sun Valley , Idaho, Valley , Idaho, Friedman, Sun Valley

☆ Unclear when pilot became unresponsive before crash that sparked Washington DC security scare
▼ + stars: | 2023-06-05 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

"That will absolutely be part of this investigation of looking at when exactly did the pilot become unresponsive and why did the airplane fly the flight track that it did fly? We don't know the information yet," NTSB investigator Adam Gerhardt told reporters near the crash site. The plane was carrying four including the pilot, a source told Reuters Sunday when it crashed near the George Washington National Forest. Encore owner John Rumpel told the Washington Post his daughter, a grandchild and her nanny were on board. The U.S. military attempted to contact the pilot, who was unresponsive, North American Aerospace Defense Command (NORAD) said in a statement.

Persons: Adam Gerhardt, Gerhardt, John Rumpel, Rumpel, David Shepardson, Lisa Shumaker Organizations: Washington , D.C, National Transportation Safety Board, Pentagon, Cessna, NTSB, U.S, Reuters, George Washington National, Virginia State Police, Encore Motors, Washington Post, FAA, North American Aerospace Defense Command, NORAD, Elizabethton Municipal, MacArthur, Thomson Locations: Washington ,, Virginia, Delaware, Melbourne , Florida, U.S, Elizabethton , Tennessee, New York, Manhattan

☆ NORAD scrambled an F-16 to intercept an apparently wayward civilian business jet that flew over DC and later crashed
▼ + stars: | 2023-06-05 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

The military jet caused a sonic boom while pursuing the small plane, which later crashed. It was not immediately clear why the plane was nonresponsive, why it crashed, or who was on board. The fighter jet caused a loud sonic boom across the capital region. A US official confirmed to The Associated Press the military jet had scrambled to respond to the small plane, which later crashed. The North American Aerospace Defense Command later said the F-16 was authorized to travel at supersonic speeds, which caused a sonic boom.

Persons: —, Long, Barbara Rumpel, Joe Biden, Joint Base Andrews, Anthony Guglielmi, Biden Organizations: Encore Motors, Melbourne Inc, Service, Federal Aviation Administration, Cessna, Long Island's MacArthur, Associated Press, North American Aerospace Defense Command, NORAD, Joint Base, US, White, DOD, Pentagon, DC Air National Guard Locations: Virginia, Elizabethtown , Tennessee, New, Long, Montebello , Virginia, St, Mary's, Melbourne , Florida, Maryland

CNN —US F-16 fighter jets caused a sonic boom across the Washington, DC, region Sunday as they scrambled to reach an unresponsive aircraft that ultimately crashed in Virginia, officials said. The civilian aircraft, a Cessna 560 Citation V, was intercepted by the NORAD jets around 3:20 p.m. and ultimately crashed near the George Washington National Forest in Virginia. “The pilot was unresponsive and the Cessna subsequently crashed near the George Washington National Forest, Virginia,” the release said. The aircraft crashed into a mountainous terrain in a “sparsely populated area”, according to FAA. “This afternoon, our officials were working closely with our federal partners to monitor an unresponsive pilot who was flying an airplane near the National Capital Region.

Persons: “, Joe Biden, Biden, Anthony Guglielmi Organizations: CNN, Federal Aviation Administration, Continental US, American Aerospace Defense Command, Cessna, NORAD, George Washington National Forest, George Washington National, “ NORAD, Virginia State Police, State, National Transportation Safety, Twitter, National Capital, DC Homeland Security, Emergency Management, FAA, Elizabethton Municipal, MacArthur, Capitol Hill, US Capitol Police, The U.S, Capitol, Service, Andrews Air Force Base, Andrews, White Locations: Washington, DC, Virginia, George Washington National Forest , Virginia, Staunton, Blue, Virginia Sunday, Elizabethton , Tennessee, New York, The, Maryland

☆ Investors accused the owner of a mall in Illinois of using their cash to buy two jets and fund a lavish birthday party for his dog
▼ + stars: | 2023-05-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

An Illinois mall owner is being sued by his investors over mismanagement of funds. The investors say the mall owner used their cash to fund his life of luxury. It also alleges that investors haven't received dividend payments since 2019. None of the company's more than 2,000 investors have received dividend payments since August 2019, and some haven't received payments since 2011, it said. In the summer of 2022, they threw such a six-figure party, flying in friends and family on their private aircraft.

Persons: haven't, —, Jonathan Larmore, Belleville , Illinois –, Larmore, Arciterra Organizations: Service, Bloomberg, Cessna, Gulfstream, Boston Terrier Locations: Illinois, Belleville, Belleville , Illinois, Indiana, Milwaukee

☆ We’re All Paying For Private Jet Travel - The New York Times
▼ + stars: | 2023-05-05 | by ( Farhad Manjoo | ) www.nytimes.com time to read: +2 min

But Prince, who founded a business in the 1990s that has made a fortune printing gift cards, is a wealthy man. Prince says flying private is a magical experience: He can drive right up to the side of his plane and hop on board. If he’s flying in the afternoon, he’ll be greeted with a glass of scotch; in the morning, he’ll get coffee and a newspaper. A progressive activist — he’s the vice chair of Patriotic Millionaires, an organization of wealthy people who favor higher taxes on rich people like themselves — Prince argues that flying private is just too expensive and unfair. His group isn’t calling on other private fliers to ground their planes, but maintains that if rich people are going to continue to jet around in luxury, they should at least be taxed for the privilege.

☆ The 8 best 'personal' private jets that only require one pilot to fly
▼ + stars: | 2020-06-21 | by ( Taylor Rains | Thomas Pallini | ) www.businessinsider.com time to read: +11 min

Personal private jets are intended to be flown by one pilot and are ideal for business, leisure, or both. aviation-images.com/Universal Images Group via GettyCessna has long been the leader in single-pilot jet aircraft, with multiple models in its popular Citation line-up built with solo operations in mind. The light jet aircraft have dominated the skies since the 1970s with Cessna continuing production of new models nearly five decades later. Three variants of the product line are in existence, the HondaJet, HondaJet Elite, the HondaJet Elite S, and the HondaJet Elite II. David Slotnick/Business InsiderThe Pilatus PC-24 capitalizes on the success of the highly versatile PC-12 turboprop, another single-pilot aircraft, but adds on the speed of a jet aircraft.

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