NetJets and FlightSafety International – both units of Warren Buffett’s Berkshire Hathaway – have jumped into the electric vertical take-off and landing market, announcing plans for a strategic partnership with the German eVTOL developer Lilium. Buffett’s aviation investments have been stretched across the aerospace chain and with varying success. Chorus Aviation is acquiring Falko Regional Aircraft, kicking off a fresh round of consolidation in the leasing space -- this time among those who focus on regional aviation. The Federal Aviation Administration and U.K. Civil Aviation Authority have started working toward a bilateral agreement for the future certification and validation of eVTOL aircraft. It’s a post-Brexit signal that the CAA is not looking exclusively to Europe for guidance.
The abundance of aircraft parked around the world brings another, very human and more personal abundance - pilots. Without passengers to fly, aircraft will remain parked. With aircraft parked, some pilots find themselves the subject of a furlough. Yet, even as the industry stares down a potential sharp reduction in the overall pilot workforce, the massive change could simultaneously spark a major new wave of retraining that would overwhelm the global simulator infrastructure.