Flying Magazine reports, “The market for FBOs—the companies that handle services at airports like fueling, hangaring, and aircraft maintenance—is set to grow at a “healthy” rate over the next several years, according to a new report. Market research firm The Insight Partners predicts the fixed base operator market will expand from $25.5 billion in 2024 to $41.4 billion by 2031. Analysts attributed the forecasted gains to a more dynamic business travel environment and demand from established and emerging regions, especially North America, Europe, and Asia.”
Full Story (Flying Magazine)
Tag: fueling
New Avionics Tech Enabling Rapid Emergence of Advanced Air Mobility
Avionics International reports, “Once a speculative concept reserved for futurists, Advanced Air Mobility (AAM) is now rapidly emerging as a practical reality, thanks largely to revolutionary developments in avionics. From electric vertical takeoff and landing (eVTOL) aircraft to highly automated flight control systems, avionics is the nerve center of this next-generation ecosystem, orchestrating the delicate balance of safety, autonomy, and sustainability. AAM seeks to redefine how people and goods move across urban and regional landscapes. Instead of being confined to traditional runways or existing air corridors, new aircraft designs such as eVTOLs are built to operate flexibly within dense environments.”
Full Story (Avionics International)