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Company behind supersonic private jet breaks ground at $ 300 million Florida headquarters

Fox Business Flash top headlines are here. Check out what's clicking on FoxBusiness.com. Supersonic airline Aerion broke ground with its new global headquarters in Melbourne, Tear., where it plans to produce the world's first business jet that can fly faster than the speed of sound - an indication that a new era of travel at speeds above Mach 1 is approaching.The advanced campus, designed and constructed by construction company Haskell, will be used for research, design and production of AS2, which is expected to begin in 2023, Aerion said. Aerion is collaborating with one-time supersonic aircraft manufacturer Boeing and General…

Biden administration says Trump’s China commerce deal ‘underneath evaluate’

Biden administration says Trump’s China trade deal ‘under review’

The Biden administration will put the commerce deal struck with China underneath Donald Trump “underneath evaluate” because the broader US relationship with Beijing is assessed, the White Home stated on Friday. The “part 1” commerce deal signed in early 2020 paused a quickly escalating commerce struggle between Washington and Beijing that had rattled world markets and led to tariffs of billions of {dollars} on traded items. Underneath the phrases of the deal, which is broadly thought-about to be restricted in scope, China promised to considerably increase its buying of US merchandise similar to soyabeans and vitality merchandise.Nonetheless, China has additionally struggled to…

Air Charter Service predicts Private Jet Travel’s prospects for 2021

With concerns about social distance causing most of the public to continue to avoid traveling by commercial plane as the new year begins, more and more travelers are beginning to explore the possibilities of flying via private aircraft.Even while most placed travel plans on hold in 2020, travel consultants noticed a significantly increased interest from their clients in flying privately. While demand in most segments of the travel industry reached the bottom, private jet charters saw huge increases. Air Charter Service (ACS), the world's largest airline charter broker, reported a 49 percent increase in leisure inquiries and a 14 percent…

The future of private jets

Despite economic uncertainty, private aviation leaders are positive about the industry's long-term prospects. With permission from Flexjet Text size While economic uncertainty may have an impact on the future of the private jet industry in the short term, industry insiders are bullish on the long-term prospects for private aviation. Leaders of the country's leading private jet management, fractional ownership, charter and member companies recently shared their prospects for the post-Covid world with Penta. Berkshire Hathaway unit NetJets is the largest private jet operator in the world. It provides parts of ownership, leasing and jet card programs. Patrick Gallagher is NetJets'…

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