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.
Breeze Airways is on the verge of reality. The nascent airline is readying its route structure and going through its proving runs with the Federal Aviation Administration. The plan to find a new U.S. home for Azul’s sunsetting E190s predates COVID-19, but David Neeleman finds himself with inexpensive aircraft and a shifting lessor business model made for crisis.