Business Aviation
Silk Way AFEZCO and ExecuJet Partner to Boost Azerbaijan Aviation Hub
Silk Way AFEZCO and ExecuJet partner to build a premium FBO at Alat Airport and manage Gulfstream G500, enhancing Azerbaijan’s business aviation sector.
In October 2025, a landmark partnerships was announced between Silk Way AFEZCO and ExecuJet, signaling a pivotal moment for Azerbaijan’s aviation landscape. This collaboration is not just about the construction of new facilities; it represents the convergence of global expertise and regional ambition, aiming to transform Azerbaijan into a prominent hub for business aviation and logistics.
The joint venture leverages the strengths of two major players: Silk Way AFEZCO, a key infrastructure developer in Azerbaijan’s Alat Free Economic Zone (AFEZ), and ExecuJet, a world-renowned business aviation operator under the Luxaviation Group. Their agreement encompasses the creation of a state-of-the-art Fixed Base Operation (FBO) at the upcoming Alat International Airport and the management of Silk Way AFEZCO’s new Gulfstream G500 aircraft. As Azerbaijan pursues economic diversification and enhanced connectivity, this partnership emerges as a concrete step toward those objectives.
ExecuJet, headquartered in Luxembourg, operates as part of the Luxaviation Group, one of the world’s largest private aircraft operators. With a fleet exceeding 250 business jets, the group provides a comprehensive suite of services including aircraft management, charter, and FBO operations across Africa, Asia-Pacific, Europe, the Middle East, and the Americas. Since its acquisition by Luxaviation in 2015, ExecuJet has become synonymous with luxury, safety, and efficiency in business aviation.
The company’s FBOs are recognized for their high standards, with the Dubai Al Maktoum International Airport facility earning industry accolades. This reputation for excellence is a key asset being brought to Azerbaijan, where the new FBO at Alat International Airport will be modeled after ExecuJet’s Dubai operation.
ExecuJet’s entry into Azerbaijan marks its first managed Gulfstream G500 in the country, reflecting both the growing demand for premium aviation services and the strategic importance of the region.
“This is a milestone partnership for Luxaviation and ExecuJet as we expand into the Azerbaijan market. By combining Silk Way AFEZCO’s strong regional expertise with our global experience in premium FBO and aircraft management services, we are setting new benchmarks for quality, efficiency, and customer hospitality in the Caspian region.”, Patrick Hansen, CEO of Luxaviation Group
Silk Way AFEZCO is a specialized entity within the Silk Way Group, a leading private aviation and logistics enterprise in Azerbaijan founded in 2006. The group plays a central role in the country’s cargo and logistics sector, with AFEZCO focusing on sustainable infrastructure development within the Alat Free Economic Zone.
The AFEZ, established in May 2020, is a cornerstone of Azerbaijan’s strategy to diversify its economy beyond oil and gas. Situated south of Baku and adjacent to the Baku International Sea Trade Port, the zone is strategically located at the crossroads of major international transport corridors. The government’s vision for AFEZ is to attract high-value, export-oriented manufacturing and services through incentives such as tax exemptions and unrestricted foreign ownership.
Silk Way AFEZCO’s partnership with ExecuJet aligns with this strategy, aiming to create a comprehensive aviation services hub that enhances Azerbaijan’s connectivity and competitiveness in regional and global markets. “We are proud to partner with ExecuJet to elevate Azerbaijan’s role in global business aviation. The FBO at Alat International Airport and the joint venture at AFEZ will provide unmatched services for operators and passengers alike. Alongside the introduction of our new Gulfstream G500 under ExecuJet’s management, we are investing in the future of aviation in our country.”, Jawad Dbila, CEO of Silk Way AFEZCO
Central to the agreement is the joint development of a new, state-of-the-art FBO at Alat International Airport. Construction is scheduled to begin at the end of 2025, with the facility expected to open in early 2027. The FBO will feature design elements inspired by ExecuJet’s award-winning Dubai facility, aiming to set new regional standards for passenger comfort, operational efficiency, and customer service.
The FBO will provide a full suite of services for business aviation customers, including VIP lounges, dedicated customs and immigration facilities, hangarage, refueling, and maintenance support. This is expected to attract international operators and business travelers, positioning Alat as a preferred stopover and destination for private aviation in Eurasia.
With the anticipated growth in Azerbaijan’s aviation sector, the new FBO is poised to play a pivotal role in supporting increased demand for premium travel and logistics solutions.
The plan to model the FBO after ExecuJet’s highly regarded Dubai facility signals an ambition to compete at the highest international level for business aviation services.
In addition to facility development, the partnership includes ExecuJet’s management of Silk Way AFEZCO’s new Gulfstream G500 aircraft. This agreement covers operational support, flight planning, maintenance oversight, and crew management, ensuring that the aircraft operates to the highest global standards.
The parties also signed a Memorandum of Understanding (MoU) to establish a joint venture within the AFEZ. The objective is to create a comprehensive aviation services hub that integrates FBO operations, aircraft management, and potentially other services such as maintenance, repair, and overhaul (MRO). This integrated approach is designed to strengthen Azerbaijan’s position as a strategic gateway connecting Europe, Asia, and the Middle East.
These initiatives are expected to create new opportunities for local employment, training, and technology transfer, contributing to the broader development goals of the AFEZ and the country at large.
Azerbaijan’s aviation market has demonstrated robust growth, outpacing many global and regional benchmarks over the past decade. According to the International Air Transport Association (IATA), passenger numbers from Azerbaijan are projected to grow by 40% over the next ten years. This trend is underpinned by the country’s increasing role as a transit point between Europe and Asia, as well as government-led investments in airport and logistics infrastructure.
The Alat Free Economic Zone, with its proximity to the Baku International Sea Trade Port and major transportation corridors, is strategically positioned to capitalize on these trends. The development of world-class business aviation facilities is expected to further enhance Azerbaijan’s appeal to international investors, business travelers, and logistics operators. The rising demand for premium and private-jets services in Azerbaijan is closely linked to growth in the energy, commerce, and tourism sectors. The partnership between Silk Way AFEZCO and ExecuJet is seen as timely, providing the infrastructure and expertise needed to meet this demand.
Despite the positive outlook, the regional aviation market faces several challenges. Competition from established hubs in Turkey and the United Arab Emirates is intense, with these countries offering advanced infrastructure and established reputations for business aviation.
Azerbaijan must also address the need for significant capital investment to modernize and expand its aviation infrastructure. Ensuring that new facilities meet or exceed international standards is critical for attracting discerning business aviation clients.
Additionally, the success of the partnership will depend on effective regulatory alignment, workforce development, and the ability to foster a seamless customer experience that matches or surpasses those offered by regional competitors.
The Silk Way AFEZCO and ExecuJet partnership is more than a commercial agreement; it is a manifestation of Azerbaijan’s broader economic diversification and modernization strategy. By attracting a global leader in business aviation, the AFEZ reinforces its credibility and appeal to international investors, while supporting the government’s ambition to move beyond reliance on oil and gas.
The collaboration aligns with other major developments in the AFEZ, such as the planned Silk Way Cargo Village, which aims to establish the largest automated cargo terminal in the Caspian region by July 2026. Together, these initiatives are set to transform Azerbaijan into a premier logistics and aviation hub for Eurasia.
Looking ahead, the partnership could serve as a model for similar collaborations in other emerging markets, highlighting the value of combining local insight with global best practices in aviation and logistics.
The partnership between Silk Way AFEZCO and ExecuJet stands as a significant milestone in Azerbaijan’s journey toward becoming a leading business aviation and logistics center. By uniting global expertise with regional ambition, the project promises to deliver state-of-the-art facilities, high-quality services, and new opportunities for growth and development. As construction of the new FBO commences and the joint venture takes shape, the eyes of the regional aviation industry will be on Alat. The success of this initiative could have far-reaching implications, not only for Azerbaijan but for the broader Caspian region, as the country seeks to position itself as a strategic connector between East and West.
What is the main goal of the Silk Way AFEZCO and ExecuJet partnership? When will the new FBO at Alat International Airport open? Why is Azerbaijan considered a strategic location for business aviation? What challenges does the regional aviation market face? What is the Alat Free Economic Zone (AFEZ)? Sources: ExecuJet Official Announcement, Luxaviation Group, Alat Free Economic Zone, International Air Transport Association (IATA)
Strategic Partnership Between Silk Way AFEZCO and ExecuJet: Elevating Azerbaijan’s Business Aviation Industry
The Stakeholders: Who’s Involved and Why It Matters
ExecuJet and Luxaviation Group: Global Reach and Expertise
Silk Way AFEZCO and the Alat Free Economic Zone: Regional Ambition
Key Components of the Partnership and Their Impact
Development of a State-of-the-Art FBO
Aircraft Management and Joint Venture Initiatives
Industry Context: Trends, Challenges, and Opportunities
Market Growth and Strategic Location
Challenges and Competitive Landscape
Broader Significance and Future Developments
Conclusion: A Step Forward for Azerbaijan’s Aviation Future
FAQ
The main goal is to develop a world-class business aviation hub in Azerbaijan, including a new FBO at Alat International Airport and comprehensive aircraft management services, to enhance the country’s role in global aviation and logistics.
Construction is planned to start at the end of 2025, with the facility expected to open in early 2027.
Azerbaijan’s location at the crossroads of Europe and Asia, along with its government’s investment in infrastructure and economic diversification, positions it as a key transit and business hub in the region.
Challenges include competition from established hubs in Turkey and the UAE, the need for significant infrastructure investment, and ensuring regulatory and service standards meet international expectations.
The AFEZ is a government-backed economic zone south of Baku, designed to attract high-value manufacturing and services through incentives such as tax exemptions and unrestricted foreign ownership.
Photo Credit: ExecuJet
Business Aviation
NTSB Preliminary Findings on Statesville Cessna Citation Crash
NTSB details preliminary findings on the fatal Statesville Cessna Citation 550 crash with seven fatalities, including Greg Biffle.
This article is based on official releases and media briefings from the National Transportation Safety Board (NTSB).
The National Transportation Safety Board (NTSB) has released initial findings and visual assets regarding the fatal crash of a Cessna Citation 550 business jet in Statesville, North Carolina. The accident, which occurred on December 18, 2025, resulted in the deaths of all seven occupants, including former NASCAR driver Greg Biffle and members of his family.
According to official updates from the agency, investigators have recovered the Cockpit Voice Recorder (CVR) and identified key details regarding the aircraft’s final moments. The NTSB has also made high-resolution photos and b-roll footage of the accident site available to the public as part of their transparency efforts during the ongoing investigation (Case ID: WPR26MA063).
The aircraft, identified by registration N257BW, departed Statesville Regional Airport (SVH) at approximately 10:05 AM EST, bound for Sarasota-Bradenton (SRQ). NTSB investigators report that roughly 10 minutes after takeoff, the pilot initiated a return to the airport, executing a left turn to align with Runway 28.
During media briefings, NTSB officials revealed a critical piece of communication sent from inside the cabin. A passenger on board sent a text message to a family member shortly before impact.
“Emergency landing.”
, Text message sent by a passenger, confirmed by NTSB officials
The crash sequence ended when the aircraft struck approach lighting stanchions approximately 1,800 feet short of the runway threshold. Following the initial impact, the jet collided with trees and the airport perimeter fence before coming to rest and catching fire. The debris field suggests the aircraft was configured for landing with landing gear down and flaps set, indicating it was “stable on approach” but flying too low.
NTSB Board Member Michael Graham and Investigator-in-Charge Dan Baker provided updates on the physical evidence recovered from the site. While the aircraft sustained extensive fire damage, investigators have identified the engines and flight control surfaces within the wreckage. The Cockpit Voice Recorder (CVR) has been successfully recovered and transported to the NTSB laboratory in Washington, D.C., for analysis. Officials noted that the aircraft was not equipped with a Flight Data Recorder (FDR), as it was not required by regulation for this specific airframe, which was manufactured in 1981.
At the time of the accident (approximately 10:15 AM EST), weather conditions at Statesville Regional Airport included low clouds, mist, and drizzle. Visibility was reported to be approximately 3 to 5 miles. These environmental factors will be a key component of the ongoing inquiry.
To maintain transparency, the NTSB has published a collection of visual assets on the investigation’s official webpage. These materials include:
All future updates, including the preliminary report (expected within 30 days), the public docket, and the final report, will be posted to the same location.
The absence of a Flight Data Recorder (FDR) on older business jets like this 1981 Cessna Citation 550 is not uncommon, but it places significantly more weight on the Cockpit Voice Recorder (CVR) and physical site analysis. Without digital flight data parameters, investigators must rely heavily on audio cues, radar tracks, and the physical position of actuators and switches in the wreckage to reconstruct the flight path. The fact that the aircraft was “stable on approach” but 1,800 feet short suggests a focus on altitude awareness, altimeter settings, or visual illusions caused by the reported mist and low clouds.
Who were the victims of the crash? When will the cause of the crash be determined? Was the airport controlled? Where can I view the photos and b-roll?
NTSB Releases Preliminary Findings on Statesville Cessna Citation Crash
Crash Sequence and “Emergency Landing” Communication
Investigation Status and Site Analysis
Recorder Recovery
Weather Factors
Visual Assets and Public Docket
AirPro News Analysis
Frequently Asked Questions
Authorities have confirmed seven fatalities. The victims include Greg Biffle, his wife Cristina, daughter Emma, son Ryder, pilot Dennis Dutton, Jack Dutton, and Craig Wadsworth.
The NTSB typically releases a preliminary report within 30 days of the accident, which contains factual information but no probable cause. A final report, including the probable cause, usually takes 12 to 24 months to complete.
No. Statesville Regional Airport is a non-towered airport. Pilots use a Common Traffic Advisory Frequency (CTAF) to coordinate their movements.
The NTSB has hosted all visual assets on their official investigation webpage linked below.Sources
Photo Credit: NTSB
Business Aviation
Honda Aircraft Introduces APMG S Upgrade for Legacy HondaJets
Honda Aircraft offers the APMG S retrofit for Classic and APMG HondaJets, enhancing payload, avionics, and safety with FAA certified upgrades.
This article is based on an official press release from Honda Aircraft Company.
Honda Aircraft Company has officially introduced the “APMG S” upgrade package, a new retrofit program designed to modernize the manufacturers‘ earlier aircraft models. Announced as the fleet approaches its tenth anniversary, this initiative allows owners of the original HondaJet (Classic) and the HondaJet APMG to install advanced avionics and performance features that were previously exclusive to the newer HondaJet Elite S model.
According to the company’s announcement, the upgrade is available immediately for installation at the Honda Aircraft Company Service Center in Greensboro, North Carolina, as well as through its authorized service center network. The package has already received Federal Aviation Administration (FAA) certification for U.S.-registered aircraft, with certification from other international regulatory bodies planned to follow.
The APMG S package focuses on bridging the gap between the earliest iterations of the HondaJet and the current production standards. The upgrade targets three primary areas: payload capacity, avionics processing, and pilot handling.
Increased Maximum Takeoff Weight (MTOW) Avionics and Safety Systems Additionally, the upgrade introduces a new graphical interface for Weight and Balance calculations on the flight deck, streamlining pre-flight preparations for pilots.
The introduction of the APMG S appears to be a move to protect the longevity and residual value of the HondaJet fleet. By offering a pathway for early adopters to upgrade their airframes to “Elite S” standards, the manufacturer is ensuring that older models remain competitive in the Very Light Jet (VLJ) market. In the official press release, Amod Kelkar, Chief Commercial Officer of Honda Aircraft Company, emphasized the company’s dedication to its existing customer base:
“As we approach the tenth anniversary of our first HondaJet delivery, we are excited to provide our customers the opportunity to upgrade their aircraft with the advanced technology and performance of more recent iterations. The APMG S package brings the spirit of continuous improvement to our in-service fleet, ensuring that the HondaJet remains at the forefront of the light jet category.”
While the official release focuses on technical specifications, the strategic timing of this announcement is notable. The first HondaJet “Classic” models were delivered between 2015 and 2018. As these airframes approach the decade mark, they face potential obsolescence when compared to newer entrants like the Cessna Citation M2 Gen2 or the Embraer Phenom 100EV.
By offering a retrofit option rather than forcing customers to purchase a new aircraft to gain these capabilities, Honda is likely aiming to prevent customer defection to competitors. This strategy aligns with a broader industry trend toward sustainability and lifecycle extension, where “retrofitting” is viewed as a more environmentally and financially responsible alternative to scrapping or replacing airframes. While specific pricing was not disclosed in the release, owners are directed to contact service centers for quotes, historical data suggests such upgrades offer a cost-effective alternative to trading up to a new $6 million-plus aircraft.
Honda Aircraft Company has confirmed that the APMG S package is available for installation now. The upgrade is applicable to:
Owners interested in the upgrade can schedule installation at the factory service center in Greensboro, NC, or at authorized facilities worldwide. While FAA certification is complete, European operators and those in other jurisdictions will need to wait for subsequent regulatory approvals, which the company states are currently in planning.
Honda Aircraft Company Unveils APMG S Upgrade for Legacy HondaJet Fleet
Technical Enhancements and Performance Gains
One of the most significant operational changes included in the package is a 300-pound increase in Maximum Takeoff Weight (MTOW). In practical terms, this allows operators to carry approximately one additional passenger or significantly more fuel and baggage without compromising range. The company states that this upgrade directly addresses the evolving mission requirements of current owners.
The retrofit includes both hardware and software updates to the Garmin G3000 avionics suite. These updates are designed to deliver faster processing speeds and enable advanced flight deck features. A key safety addition is the Advanced Steering Augmentation System (ASAS). According to Honda Aircraft Company, ASAS is engineered to reduce pilot workload and enhance safety during the landing rollout, particularly in challenging crosswind conditions.
Strategic Commitment to the Fleet
AirPro News Analysis
Availability and Implementation
Sources
Photo Credit: HondaJet
Business Aviation
PlaneSense and CaptainJet Partner to Expand Private Jet Access Across Continents
PlaneSense partners with CaptainJet, enabling reciprocal private flight access with Pilatus aircraft across the US, Europe, Canada, and the Caribbean.
This article is based on an official press release from PlaneSense, Inc. and CaptainJet.
PlaneSense, Inc., a leading fractional aircraft ownership program based in the United States, has announced a significant expansion of its international service capabilities through a new collaboration with CaptainJet, a European luxury charter sourcing provider. Announced on December 16, 2025, this partnership aims to provide seamless, reciprocal private travel solutions for clients on both sides of the Atlantic.
According to the official press release, the agreement allows PlaneSense shareowners to access a vast network of charter aircraft when traveling within Europe. Conversely, CaptainJet clients visiting the United States, Canada, and the Caribbean will gain access to the PlaneSense fleet, which consists of the Pilatus PC-12 turboprop and the Pilatus PC-24 jet. This move solidifies a growing alliance between PlaneSense and the broader Jetfly Group, CaptainJet’s affiliate, following an earlier partnership established in 2025.
The core of this collaboration is a reciprocal service agreement designed to simplify the complexities of international private aviation. For PlaneSense shareowners, the company has integrated a “PlaneSense Sourcing Solution” team that will coordinate directly with CaptainJet. This arrangement provides U.S. clients with access to CaptainJet’s network, which includes over 7,000 aircraft globally, ensuring availability even during high-demand periods in Europe.
For European travelers, the partnerships opens the door to the PlaneSense fleet. CaptainJet clients can now book flights on the Pilatus PC-12 and PC-24 aircraft operated by PlaneSense. These aircraft are renowned for their short-field performance, allowing access to smaller regional airports that are often closer to final destinations than major hubs.
This collaboration builds upon a previous agreement between PlaneSense and Jetfly, a European fractional operator and affiliate of CaptainJet. Both PlaneSense and Jetfly utilize fleets heavily focused on Pilatus aircraft. By partnering with CaptainJet, PlaneSense extends its reach beyond the specific fractional fleet of Jetfly, offering its owners a broader range of charter options to suit various mission profiles that might fall outside the scope of the fractional fleet.
Leadership from both organizations emphasized the client-focused nature of the deal, highlighting the demand for a unified booking experience across continents.
George Antoniadis, President and CEO of PlaneSense, Inc., stated in the press release: “Working with the CaptainJet team allows us to greatly expand our footprint and assist our valued clients with their global travel needs.”
Yves Roch, CEO of CaptainJet, echoed these sentiments, noting the quality of the U.S. operator’s fleet:
“We’re proud to collaborate with PlaneSense, providing clients with exceptional private flights on both sides of the Atlantic.”
The Asset-Light Expansion Model The Short-Runway Niche 2025 Industry Trends What aircraft will PlaneSense clients fly on in Europe? Can CaptainJet clients fly the PC-12 in the US? Is this a merger?
PlaneSense and CaptainJet Launch Strategic Transatlantic Collaboration
Reciprocal Access for Global Travelers
Strengthening the “Pilatus Alliance”
Executive Commentary
Strategic Market Context
AirPro News Analysis
This collaboration represents a distinct strategic approach compared to other major players in the private-jets sector. While competitors such as NetJets and Flexjet have pursued “organic expansion” or “acquisition” models, spending significant capital to buy aircraft and obtain operating certificates in Europe, PlaneSense is effectively building a virtual global fleet. By partnering with CaptainJet and Jetfly, PlaneSense secures immediate European market access without the heavy infrastructure investment required to establish a standalone European division.
A critical differentiator for this alliance is the specific capability of the aircraft involved. Both PlaneSense and the Jetfly Group specialize in Pilatus aircraft (PC-12 and PC-24). These aircraft possess unique short-field capabilities, allowing them to land on runways as short as 3,000 feet, including grass and dirt strips. This opens up access to exclusive destinations, such as Courchevel in the French Alps or smaller Caribbean islands, that are inaccessible to the larger jets typically flown by competitors like VistaJet or Wheels Up. This “adventure access” segment remains a defensible niche that this partnership strengthens.
The timing of this deal aligns with broader 2025 trends where high-net-worth individuals increasingly demand “one-call” solutions. The post-pandemic travel boom has occasionally strained charter inventory; by aligning with a major sourcing agent like CaptainJet, PlaneSense mitigates the risk of inventory shortages for its clients abroad. This ensures that U.S. owners are not left to navigate a fragmented European charter broker market on their own.
Frequently Asked Questions
Through CaptainJet, PlaneSense clients will have access to a sourcing network of over 7,000 aircraft, ranging from light jets to large-cabin aircraft, in addition to the Pilatus fleet available through the Jetfly affiliate partnership.
Yes. The agreement specifically allows CaptainJet clients to book flights on the PlaneSense fleet, which includes the Pilatus PC-12 turboprop and the PC-24 light jet, known for their versatility and short-runway performance.
No. This is a strategic collaboration between two independent companies. PlaneSense remains a privately held U.S. company, while CaptainJet operates as a Swiss-based charter sourcing provider affiliated with the Jetfly Group.
Sources
Photo Credit: PlaneSense
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