Will we see consolidation in the business jet market as a result of the pandemic? The business jet market, which saw growth stagnate since the Great Recession in 2008, was not hit quite as hard as the airline market by…
At Textron’s earnings call today, CEO Scott Donnelly announced that Textron is no longer developing the Hemisphere large cabin business jet, putting the program on hold because of a lack of progress by Safran in developing the Silvercrest engine. The…
Textron Aviation, in its earnings announcement earlier this week, announced that it has suspended development on its largest aircraft, the Hemisphere. That aircraft was designed around the Silvercrest engine from SAFRAN aircraft engines, and its development has been delayed due…