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  • NAFA Administrator posted an article
    NAFA Welcomes New Member: Piedmont Jets see more

    FOR IMMEDIATE RELEASE: February 28, 2024 

                                     

    Contact: Tracey Cheek 
    tlc@nafa.aero  
    405.850.1292

    Jared Hasty 
    Co-Founder 
    770.233.7518
    Sales@piedmontjets.com  
    https://www.piedmontjets.com 
     

     

    NAFA Welcomes New Member: Piedmont Jets    

     

    National Aircraft Finance Association (NAFA) is pleased to announce that Piedmont Jets has recently joined its network of aviation professionals. Piedmont Jets is a highly specialized, boutique aircraft brokerage and acquisition firm.  

    “Piedmont Jets joining NAFA is a step forward in advancing our mission to improve and facilitate the financing process to support aircraft buyers,” said Ed Medici, NAFA President. We welcome Piedmont Jets to our growing organization and enhancing opportunities for all our members.”  

    About Piedmont Jets: 
    Piedmont Jets leverages experience, efficiency and expertise to navigate clients through aircraft transactions. Driven by a team of experienced pilots with a love of aviation and building lasting relationships, Piedmont Jets aims to make transactions simple and seamless. 

    After careful analysis backed by industry-leading data, the Piedmont Jets team will source worldwide, on and off-market opportunities while managing the details of the procurement process.  

    Piedmont Jets provides a roadmap so clients are informed and empowered throughout the acquisition. The Piedmont Jets team uses its tools, processes and industry relationships to ensure maximum exposure and return on clients' investments. 

    For more information, visit piedmontjets.com.  

    About NAFA:  
    The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members on the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

     February 29, 2024
  • NAFA Administrator posted an article
    NAFA Welcomes New Member: jetAVIVA see more

    FOR IMMEDIATE RELEASE: February 7, 2024    

                                     

    Contact: Tracey Cheek  
    tlc@NAFA.aero  
    405.850.1292  

     

    Kelly Wolff
    sales@jetAVIVA.com
    Mobile:  321.258.5057
    Office:  512.410.0295

     

    NAFA Welcomes New Member: jetAVIVA

    The National Aircraft Finance Association (NAFA) is thrilled to welcome jetAVIVA, a global leader in pre-owned aircraft sales and acquisitions, to its esteemed network of aviation professionals. As one of the world's largest private jet sales organizations, measured by total annual transaction volume, jetAVIVA brings a wealth of experience and expertise to the NAFA community. 

    “NAFA members form a network of aviation finance services who diligently and competently operate with integrity and objectivity throughout the world,” said Ed Medici, NAFA President. “We’re excited to welcome jetAVIVA to our growing organization. Their services enhance NAFA’s available offerings, and we support their services to advance our members.” 

    About jetAVIVA: 

    For almost 20 years, jetAVIVA’s expert team has assisted thousands of clients in purchasing and selling aircraft, providing expertise in the aviation industry to streamline transactions and ensure a smooth and successful process. jetAVIVA's specialized services can enhance transaction outcomes for NAFA members and their clients, making them a valuable partner in any deal. Additionally, jetAVIVA keeps a pulse on the state of the aviation market, providing NAFA members with up-to-date insights and trends. 

    jetAVIVA CEO Emily Deaton comments, "jetAVIVA is dedicated to supporting NAFA's membership with our expertise and established track record of success. We look forward to contributing to the association’s mission to provide the highest quality services the industry has to offer.” 

    To learn more about jetAVIVA, visit https://jetaviva.com.  

    About NAFA:   
    The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members on the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. To add your company to our world-class network of the best in aircraft finance, sign up at https://www.nafa.aero

     February 07, 2024
  • NAFA Administrator posted an article
    NAFA Welcomes New Member: Snell & Wilmer see more

    FOR IMMEDIATE RELEASE: December 11, 2023    

                                     

    Contact: Tracey Cheek 
    tlc@nafa.aero  
    405.850.1292  

    Eli Mansour 
    emansour@swlaw.com  
    858.910.4772 

      

    NAFA Welcomes New Member: Snell & Wilmer  

      

    National Aircraft Finance Association (NAFA) is pleased to announce that Snell & Wilmer has recently joined its network of aviation professionals. Snell & Wilmer is an aircraft transaction advisory service that helps clients make the best decisions when buying, selling or owning a business aircraft.  

    “We’re excited to welcome Snell & Wilmer to our growing organization. Their services enhance NAFA’s available offerings, and we support their services to advance our members,” said Ed Medici, NAFA President.  

    About Snell & Wilmer: 
    Founded in 1938, Snell & Wilmer is a full-service business law firm with over 500 attorneys practicing in 16 locations throughout the United States and in Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. 

    Snell & Wilmer’s aircraft law practice consists of knowledgeable attorneys experienced in the legal issues facing aircraft owners and operators, air carriers, flight schools and fixed base operators and other aviation-related service providers. They provide a full range of legal services related to the acquisition, ownership and operation of aircraft, tax planning and ownership structure, fixed base operators, maintenance and repair organizations and other aircraft service providers, FAA and DOT regulations, aircraft and component product liability and accidents and other aviation transactional and litigation matters.  

    Snell & Wilmer attorneys have experience in federal, state and local legal issues applicable to aircraft operations and transactions. In addition, several hold FAA pilot licenses and have diverse operating experience, including charter operations and military aviation. 

    For more information, visit swlaw.com

    About NAFA:  
    The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members on the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

     December 11, 2023
  • NAFA Administrator posted an article
    7 Reasons Why You Need an Aircraft Broker When Buying or Selling a Private Jet see more

    While engaging an aircraft broker adds a cost to the transaction, the benefits they bring in terms of expertise, market intelligence, time savings, and risk mitigation often outweigh the associated fees. However, choosing a reputable and experienced broker is crucial to maximize these advantages. NAFA member, Duncan Aviation was founded as an aircraft brokerage organization, and the Aircraft Sales & Acquisition team has been working with jet and turboprop owners on the sale and acquisition of aviation assets for more than 65 years.

    There are 7 main reasons why you’ll need a broker when buying or selling a private jet.

    1. Market Expertise: Aircraft brokers have in-depth knowledge of the pre-owned business jet market. A highly skilled brokerage team will be backed by an experienced technical team. They stay up-to-date on current market trends, aircraft values, equipment obsolescence, inspection programs, modifications, technical and performance specifications, and other relevant factors. This expertise allows them to provide valuable insights and guidance to clients, helping them make informed decisions in a complex marketplace.

    Read full article here

     December 06, 2023
  • NAFA Administrator posted an article
    What you Should Know About Aircraft Liens see more

    Can you be sure a pre-existing lien on your aircraft won’t come back to bite you? Gerrard Cowan polls a selection of experts to understand the nature of liens, how to check and safeguard against them, and what to do if a notice of foreclosure is served...

    Liens can be a complex factor in business jet ownership, posing financial challenges for aircraft operators. Owners must ensure they fully understand the nature of any liens on their own aircraft, according to industry experts, while buyers should secure the best possible industry advice in any transaction.

    There is a wide array of liens that can attach to an aircraft, its engines, or related components. But it is liens relating to financing that tend to be enforced more than other types, according to Brian Macbean, Director of Credit & Sales at AOPA Aviation Finance.

    “Any time the aircraft is used as collateral for a loan, the lender will file a lien on the aircraft. Lenders that specialize in aircraft financing often file liens on the aircraft, the engines, and the avionics,” he adds, pointing to the prevalence of mechanics’ liens, also.

    Liens on US-based aircraft should always be filed with the FAA, Macbean notes. “Depending on the specific scenario, a Uniform Commercial Code (UCC) filing could also be an effective method to assert interest or influence relating to an aircraft.”

    Liens generally fall into two categories, according to Lori McGee, Partner at Jetstream Aviation Law, including consensual and non-consensual liens.

    Consensual liens are typically agreed-upon between a lender and an owner, or another party with an interest in the property, McGee elaborates. For example, this could include aircraft mortgages and security agreements.

    Non-consensual liens arise by operation of law, not as the result of an agreement between the parties – mechanics’ liens being primary examples. In the US these are governed by state law and vary from one state to another.

    “Although the specifics of this type of lien are different in each state, generally speaking [they] are meant to provide a person that performs work or supplies materials for an aircraft with an interest in that aircraft to secure payment for such work or materials," McGee says.

    Read full article here

    This article was originally published by AvBuyer on November 20, 2023.

     

     November 27, 2023
  • NAFA Administrator posted an article
    Buying/Selling a Part 135 Air Charter Business see more

    NAFA member, David G. Mayer, Partner at Shackelford, Bowen, McKinley & Norton, discusses how buying a charter operator bypasses a long application process.

    Aviation entrepreneurs seem increasingly interested in purchasing aircraft charter companies opportunistically from the thousands that exist today. Others who want to enter the aircraft charter business believe the cleanest way to do so is to apply to the FAA for a new air carrier certificate authorizing operations under FAR Part 135.

    In most cases, a potential buyer fares better by purchasing the legal entity (Part 135 operator) to which the FAA issued a certificate. That purchase may take several months to close, whereas an applicant may have to devote a year or more to obtaining two separate authorizations—one from the Department of Transportation (DOT) under FAR Part 119 and a related certificate from the FAA.

    Although you may have heard or read that a buyer can purchase a 135 certificate itself from a Part 135 operator, the FAR does not allow such a direct purchase. However, using various structures, a buyer can purchase a Part 135 operator with the effect of transferring the certificate to the buyer.

    Read full article here

    This article was originally published by AINonline on November 10, 2023.

     

     November 22, 2023
  • NAFA Administrator posted an article
    NAFA Welcomes New Member: Coleman Jet Solutions see more

    FOR IMMEDIATE RELEASE: November 16, 2023    

                                     

    Contact: Tracey Cheek 
    tlc@nafa.aero  
    405.850.1292  

    David Coleman
    President 
    info@colemanjets.com
    847.748.8333 

     

      

    NAFA Welcomes New Member: Coleman Jet Solutions 

      

    National Aircraft Finance Association (NAFA) is pleased to announce that Coleman Jet Solutions has recently joined its network of aviation professionals. Coleman Jets is an aircraft transaction advisory service that helps clients make the best decisions when buying, selling or owning a business aircraft.  

    “NAFA members facilitate the financing of general and business aviation aircraft on a global scale,” said Ed Medici, NAFA President. “We welcome and support Coleman Jet Solutions’ services that play a role in advancing the interests of NAFA members within the aviation industry.”  
     

    About Coleman Jet Solutions: 
    Coleman Jet Solutions, located in Chicago’s North Shore, provides technical, regulatory and financial guidance in aircraft transactions.   

    President David Coleman grew up in business aviation and has a keen interest in supporting financial institutions when complex cross-border or distressed transactions are necessary. This expertise led him to start Coleman Jet Solutions in 2021.   

    With over 75 years of combined experience in the aviation industry, Coleman Jet Solutions helps clients make the best decisions when buying, selling, or owning a business aircraft. Their expertise in aircraft research, aircraft evaluation and negotiation techniques is for the sole benefit of its clients. 

    For more information, visit http://www.colemanjets.com/
     

    About NAFA:  
    The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members on the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

     November 17, 2023
  • NAFA Administrator posted an article
    AINsight: Which Aircraft Brokers Rise Above the Field? see more

    NAFA member, David G. Mayer, Partner at Shackelford, Bowen, McKinley & Norton, explains why finding the right fit when it comes to aircraft brokers can ease buying or selling a used business aircraft.  

    Private aircraft are time machines—speeding travel from place to place in privacy, security, and comfort. Individual and corporate owners may differ in the reasons they use, sell, or buy private aircraft, but virtually all of them find that a buy-sell transaction is complex and challenging.

    A top-flight aircraft broker appreciates these dynamics and guides a seller or a purchaser (client) through a purchase or sale transaction as a member of a team of experienced industry professionals.

    The right broker for the client and the transaction can facilitate a smooth process. Conversely, an unsuitable aircraft broker can generate frustration, recrimination, delay, and less-than-favorable terms and economics. Thus, clients should make a strong effort to choose the right broker.

    Read full article here

    This article was originally published by AINsight on September 8, 2023.


     September 18, 2023
  • NAFA Administrator posted an article
    NAFA Welcomes New Member: Thunderbird Airways see more

    FOR IMMEDIATE RELEASE:  September 5, 2023                                    

    Contact: Tracey Cheek  
    tlc@nafa.aero  
    405.850.1292  

    Steve Hofmann 
    President 
    steve@thunderbirdairways.com 
    713.649.1919 

     

    NAFA Welcomes New Member: Thunderbird Airways 
     

    National Aircraft Finance Association (NAFA) is pleased to announce that Thunderbird Airways has recently joined its network of aviation professionals. Thunderbird Airways is an experienced, on-demand private jet charter operator and aircraft management company. 

    “NAFA members proudly finance, support or enable the financing of general and business aviation aircraft worldwide. We extend a warm welcome to Thunderbird Airways and support their services to further NAFA members in the aviation business,” said Ed Medici, NAFA President.  
      

    About Thunderbird Airways: 

    Thunderbird Airways provides on-demand charter flights anywhere in the continental U.S. Thunderbird also offers a full-service aircraft management program for corporate and personal aircraft, enabling aircraft owners’ peace of mind that their plane is cared for and maintains its airworthiness.   

    With a legacy in the private aviation sector, Thunderbird Airways connects people and destinations by putting the personal well-being of their passengers and crew first. Over decades, Thunderbird has earned the trust of a lasting customer base that transcends industries.  
     

    Thunderbird services include: 

    • Charter operator
    • Aircraft management 
    • Aircraft sales and acquisitions   
       

    Steve Hofmann, President of Thunderbird Airways and its parent company, E.N.G. Aviation, is an entrepreneur at heart. Steve's aim is to unite his passions for people, planes and technology to create a simpler, more seamless charter and aircraft ownership experience. His vision is to create an atmosphere of inspiration and comfort that makes the journey part of the destination.  

    Before joining Thunderbird Airways, Steve spent almost a decade pursuing his passion for innovation in the technology sector and is proud to have served in the United States Marine Corps. Steve's life-long love of aviation extends into his personal life as well. He is a multi-engine and instrument-rated private pilot with plans to achieve his first type-rating in 2023.  

    For more information, visit https://thunderbirdairways.com/

     

    About NAFA:    

    The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members on the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer.

     September 05, 2023
  • NAFA Administrator posted an article
    Big Costs to Factor Beyond a Jet's Asking Price see more

    Buyers of pre-owned business jets face a range of costs beyond the ask price, some of which might be unexpected. What costs do they need to account for, and how can they avoid any nasty surprises? Gerrard Cowan asks the experts...

    First-time buyers can often be ‘a little surprised’ by the high costs of ownership, which go well beyond the initial purchase price, says aviation analyst Brian Foley. The costs of hangaring, maintaining, insuring and crewing their newly acquired aircraft can amount to millions of dollars annually.

    Indeed, there have likely been numerous one-time, after- purchase discoveries for those who bought without a Pre-Purchase Inspection, he says, “which could easily cost as much as the airplane did to get airworthy again. Some of these buyers have already cut their losses and returned to their Economy Plus airline seat or charter.”

    You Can Remove the Unpredictable Aircraft Maintenance Costs

    Aircraft maintenance is a Pandora’s Box, according to David Caporali, Senior Vice President, Business Development for the Americas at Jet Support Services, Inc (JSSI), a National Aircraft Finance Association (NAFA) member.

    Such maintenance costs take many buyers by surprise, he says, and this needs to be a vital consideration in the aircraft selection process. Indeed, it can be one of the largest variable costs in aircraft ownership, including all parts and labour, and can account for up to 35% of the aircraft’s operating budget.

    “Outside of certain scheduled inspections and replacement items (that can be tracked through maintenance software) there is no way to anticipate when a part will break, making maintenance very difficult to budget for,’’ Caporali elaborates.

    “‘Scope creep’ is common during any aircraft inspection, as additional squawks are often found. We have seen many work orders double or even triple the initial expected cost of a certain inspection.”

    Read full article here

    This article was originally published by AvBuyer on July 5, 2023.

     September 05, 2023
  • NAFA Administrator posted an article
    Aircraft & Jet Appraisals: An Introductory Guide see more

    When purchasing an aircraft, you want to be sure you’re getting a fair or current market price. You’d also like to be confident that the seller is being candid about their valuation; you don’t want to find out after the fact that you could have paid far less than the aircraft was worth.  NAFA member H. Lee Rohde III, President and CEO of Essex Aviation, explains.

    In the private aircraft acquisitions market, aircraft appraisers can assist with the validation on a seller’s or broker’s asking price, providing appraisals based on pricing guide analysis and guidance from the Professional Aircraft Appraisal Organization (PAAO). It’s their job to determine the fair market value of an aircraft for brokers and owners alike, ensuring transparency during the sales process.

    What Is an Aircraft Appraisal?

    An aircraft appraisal is an impartial assessment of an aircraft’s current market value, as determined through a valuation process conducted by a certified appraiser. A majority of aircraft appraisers are accredited by the American Society of Appraisers (ASA) and trained to evaluate all the elements that may affect an aircraft’s value. Following consultation with an appraiser, the seller can then generate a fair and accurate retail price.

    Read full article here

    This article was originally published by Essex Aviation on June 26, 2023.

     

  • NAFA Administrator posted an article
    Webinar: How to Navigate the Aviation Market - What First-Time Purchasers and Sellers Need to Know see more

    Recently, NAFA Member David G. Mayer, Partner with Shackelford, Bowen, McKinley & Norton, LLP, presented a webinar titled How to Navigate the Aviation Market - What First-Time Purchasers and Sellers Need to Know.  It was sponsored by Aeromarine Tax Professionals and well-attended. 

    This information provides a useful tool for aviation purchasers, sellers, lessors, financiers, lawyers, tax and other professionals, brokers, wealth managers and OEMs (primarily your clients), aircraft managers, and others involved or interested in purchasing or selling business aircraft.

    Depending on your experience level, you should take away a foundational, enhanced, or refreshed understanding of the process, the issues, and the roles of the team needed to complete these deals.

    Watch the webinar here

    This webinar was originally published by Shackelford, Bowen, McKinley & Norton, LLP on May 2, 2023.

  • NAFA Administrator posted an article
    Contract Issues Remain Hot as Jet Sales Cool see more

    NAFA Member, David G. Mayer, Partner at Shackelford, Bowen, McKinley & Norton, LLP, discusses the preowned market.

    The preowned market for business jets is trending away from the near-manic demand and harsh seller terms we have experienced over the last few years. Ostensibly driven by the pandemic fears and the exuberance of first-time buyers, purchase prices skyrocketed and enabled sellers to restrict the due diligence of purchasers who often willingly accepted severe contract limitations to close an aircraft deal.

    Despite and perhaps because of these extreme market conditions, the momentum in the preowned aircraft sales market remains strong and resilient—but not impervious—to inexorable headwinds of high inflation, rising interest rates, global economic and geopolitical risks, stock market wealth contraction, and incessant discussion of a recession.

    Amid these strong market forces and slightly rising inventory of used jets for sale, pricing and contractual terms in aircraft purchase and sale agreements (APAs) appear to be rebalancing roughly to pre-pandemic norms. This comes even as some sellers resist lowering their sales prices or easing back on negotiating four major issues in APAs: hard and soft deals; aircraft delivery condition; inspection scope; and defaults and remedies for purchasers and sellers.

    Read full article here

    This article was originally published by AINonline on March 10, 2023.

  • NAFA Administrator posted an article
    NAFA Welcomes New Member: Privé Jet Sales see more

    Kyle Foddrill, President
    817-576-0339
    kyle@privejetsales.com
    97 Village Lane, Suite 350
    Colleyville, TX 76034 
     

     

    NAFA Welcomes New Member: Privé Jet Sales 

     

    National Aircraft Finance Association (NAFA) is pleased to announce that Privé Jet Sales has recently joined its network of aviation professionals. Privé Jet Sales handles the buying and leasing of new and pre-owned aircraft, including marketing, market research and assistance with contract negotiations.  

    "NAFA members proudly finance, support or enable the financing of general and business aviation aircraft throughout the world, and we are happy to add Privé Jet Sales and its services to our association," said Jim Blessing, President of NAFA.  

     

    About Privé Jet Sales: 

    With more than 40 years of aviation experience and many successful collaborations, CEO/President Kyle Foddrill and partner Robert Eikel created Privé Jet Sales, LLC In 2014. Each has formed an impeccable reputation in the industry and brings value to any private aviation endeavor.   

    Foddrill has transacted over $2.0 Billion in aircraft sales and acquisitions. He is well-rounded in all aspects of an aircraft transaction and brings invaluable knowledge that aircraft owners expect when they put their trust in hiring an aviation professional to represent their best interest.   

    Eikel has a wide variety of experience in the field of private aviation. His expertise includes aircraft sales, purchasing, management, completion supervision and technical oversight. Eikel is also a specialist in aircraft entry into service for new aircraft deliveries and setting up flight departments for new ownership operations.   

    Privé Jet Sales has offices in Colleyville, Texas and Zug, Switzerland. 

     

    About NAFA:  

    The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members on the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. The company now has three offices: Geneva, New York City and Dubai. 

     April 12, 2023
  • NAFA Administrator posted an article
    The Demand for Non-Airworthy Aircraft Remains see more

    NAFA member, Duncan Aviation's Tim Barber, EMEA Aircraft Sales - London, UK, discusses the demand for non-airworthy aircraft. 

    At the beginning of 2021, there was an abundance of aircraft, airworthy and non-airworthy, on the market. That wasn’t the case by the end of the year, and prices were skyrocketing.

    I had a CL-605 for sale that would have struggled to get $12M at the start of 2021.

    I presented an offer to the owner for $12M. The owner decided the offer wasn’t competitive enough and did not accept it. The aircraft returned to the market a year later and received an offer for over $15M.

    During 2022, we saw a 25-50%, and often higher, price hike on aircraft. Buyers panicked as prices rose, and owners took advantage of the opportunity by increasing prices. It became a sellers’ market rather quickly.

    There were several reasons for the price hike. The most prominent were the Presidential election in the United States and the Covid pandemic.

    People anticipated that with the change in Presidency, the bonus depreciation would disappear. The Covid pandemic played an equally important role as people who had the means to fly private were taking full advantage of the opportunity.

    Currently, prices remain higher than usual, but they aren’t spiraling up or down. The light to super mid-range aircraft are still carrying a healthy premium due to the demand of charter companies, but this isn’t the only sector that’s thriving.

    Read full article here.

    This article was originally published by Duncan Aviation in February 2023.

     March 14, 2023