Business Aviation
Onex Partners to Acquire AirSprint in First Institutional Deal
Onex Partners and TriWest Capital Partners agree to acquire AirSprint, Canada’s fractional jet operator, in a Q3 2026 deal.

Private equity firm Onex Partners, alongside TriWest Capital Partners and other co-investors, has agreed to acquire AirSprint Inc., marking the first institutional investment in the 26-year history of the Canadian fractional jet operator.
In a press release issued on June 25, 2026, the companies confirmed the transaction is expected to close in the third quarter of 2026. The acquisition will provide capital to fund fleet expansion, technology investments, and strategic growth initiatives for the Calgary, Alberta-headquartered aviation company.
Leadership transitions and continuity
Following the close of the acquisition, AirSprint founder and chairman Judson Macor will transition to the role of chairman emeritus. President and chief executive officer James Elian will continue in his current executive capacity and retain his seat on the board of directors. Both Macor and Elian, along with certain current shareholders, will remain investors in the company.
Macor stated in the press release that the investment serves as a strong endorsement of the business model and future opportunities for the fractional operator.
“What makes AirSprint special is our people. As we enter this next chapter, I am excited to work with Onex, whose commitment to supporting our team, serving our fractional owners and advancing AirSprint’s long-term vision gives me great confidence,” Elian said, according to reporting by Corporate Jet Investor.
Fleet composition and operational scale
AirSprint currently operates a fleet of 44 Private-Jets. According to fleet data reported by ch-aviation, the operator’s inventory includes six Cessna Citation CJ2+ and 21 Cessna Citation CJ3+ light jets. The midsize and super-midsize fleet comprises five Embraer Legacy 450s, three Embraer Legacy 500s, eight Embraer Praetor 500s, and one Embraer Praetor 600.
The company inducted its first Embraer Praetor 600 in early 2025 and is currently evaluating larger aircraft types to integrate into its fractional ownership program.
The operator currently serves more than 600 fractional owners and employs over 400 aviation professionals across its facilities in Calgary, Toronto, and Montréal.
Onex Partners expands aviation footprint
The Acquisitions of AirSprint deepens Onex Partners’ existing involvement in the Canadian aviation sector. The private equity firm currently holds a 75 percent stake in WestJet Group, the parent company of commercial carrier WestJet.
Faiz Hemani, managing director at Onex Partners, noted the firm’s intent to support AirSprint’s core business growth and expand its service offerings.
“Judson Macor founded and grew the company from a single aircraft into a national private aviation platform defined by an uncompromising dedication to its Fractional Owners, and we’re proud to help carry that legacy forward,” Hemani stated in the June 25 announcement.
AirPro News analysis
We view the acquisition of AirSprint by Onex Partners as a logical consolidation of Canadian aviation assets by a major institutional player. By adding Canada’s largest fractional jet operator to a portfolio that already includes a controlling stake in WestJet, Onex is diversifying its exposure across both commercial airline operations and high-net-worth private aviation. The injection of institutional capital will likely accelerate AirSprint’s fleet modernization, particularly as the operator evaluates larger cabin classes to compete with cross-border fractional programs operating in North-America.
Sources: Onex Partners
Photo Credit: AirSprint
Business Aviation
Gulfstream G500 and G600 Fleet Reaches 400th Delivery
Gulfstream delivers its 400th combined G500 and G600 aircraft to an Asia-Pacific customer, marking 519,000+ fleet flight hours.

Gulfstream Aerospace Corp. has handed over the 400th aircraft from its combined G500 and G600 fleet to a customer in the Asia-Pacific region, a milestone that highlights ongoing global demand for the manufacturer’s large-cabin business jets. The aircraft was outfitted at Gulfstream’s facility in St. Louis, Missouri, prior to delivery.
In a press release issued on July 20, 2026, the Savannah, Georgia-based company confirmed the delivery and detailed the operational maturity of the two aircraft types. The milestone arrives 20 months after Gulfstream announced the 300th delivery of the G500 and G600 in November 2024.
Operational maturity and speed records
Since entering service, the combined G500 and G600 fleet has accumulated more than 519,000 flight hours and surpassed 200,000 total landings. The aircraft feature the Gulfstream Symmetry Flight Deck and the Gulfstream Cabin Experience, which the company credits with driving continued customer interest.
The G500 and G600 program has established a significant track record for speed, achieving over 190 city-pair speed records. Gulfstream aircraft hold 815 city-pair speed records overall. Both the G500 and G600 have a maximum operating speed of Mach 0.925.
The manufacturer highlighted a recent record-setting flight by a G600 to illustrate the fleet’s capabilities. The aircraft flew from Sapporo, Japan, to Savannah, Georgia, covering a distance of 5,835 nautical miles (10,806 kilometers). The flight was completed in 11 hours and 38 minutes at an average cruise speed of Mach 0.88.
“Reaching 400 deliveries is a testament to the confidence customers around the world continue to place in Gulfstream and in the G500 and G600,” said Mark Burns, president of Gulfstream Aerospace Corp. “Together, these aircraft have fueled sustained demand for our next-generation fleet and play a pivotal role in Gulfstream’s vision to offer an aircraft for every mission.”
Regulatory approvals expand operational scope
The 400th delivery follows a series of regulatory developments for the G500 and G600 earlier in 2026. On January 12, 202
Photo Credit: Gulfstream
Business Aviation
Pilatus PC-24 Adds Gogo Galileo LEO Broadband Connectivity
Pilatus Aircraft offers Gogo Galileo LEO internet on the PC-24 with FAA and EASA certification for new builds and retrofits.

Pilatus Aircraft has introduced Gogo Galileo high-speed internet as a factory-installed option for the Pilatus PC-24, bringing low-latency broadband connectivity to the light jet platform.
In a press release issued on July 1, 2026, the manufacturers confirmed the integration utilizes the Eutelsat OneWeb Low Earth Orbit (LEO) satellite network to provide global coverage capable of supporting video conferencing, media streaming, and cloud-based services. The system has received certification from both the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA), making it available for new production aircraft as well as retrofits for the in-service fleet.
Lufthansa Technik entertainment integration and cabin upgrades
Alongside the connectivity upgrade, Pilatus detailed a new integrated cabin management and entertainment system developed in partnership with Lufthansa Technik. The system features a 10-inch touchscreen display that allows passengers to control cabin functions and access media directly from their seats.
The audio experience has also been upgraded as part of the new package. The configuration includes four cabin loudspeakers paired with a subwoofer. To maximize cabin comfort and flexibility, Pilatus introduced a side-facing divan option measuring nearly 2 meters in length, expanding the seating and resting configurations available to PC-24 operators.
Expanding LEO connectivity across the Pilatus fleet
The PC-24 announcement follows recent connectivity advancements for the manufacturer’s turboprop line. On June 16, 2026, SD Government and Pro Star Aviation secured an FAA Supplemental Type Certificate (STC) for the installation of the Gogo Galileo HDX system on the Pilatus PC-12.
This earlier approval marked the first LEO satellite connectivity option for the single-engine PC-12. The sequential rollout indicates a broader push to equip the Pilatus product line with modern, high-speed satellite internet capabilities regardless of aircraft class.
AirPro News analysis
We view the integration of LEO satellite networks like Eutelsat OneWeb into light jets and turboprops as a critical shift in business aviation expectations. Historically, high-speed, low-latency internet was restricted to midsize and large-cabin business jets due to the size, weight, and power requirements of traditional geostationary satellite antennas. The smaller form factor of Gogo Galileo hardware allows manufacturers like Pilatus to offer heavy-jet connectivity standards on platforms like the PC-24 and PC-12 without compromising payload or aerodynamic efficiency. As LEO networks mature, factory-installed broadband is rapidly transitioning from a premium upgrade to a baseline requirement for new business aircraft.
Sources: Pilatus Aircraft
Photo Credit: Pilatus Aircraft
Business Aviation
Hybrid-Electric Propulsion for Long-Range Business Jets
NBAA-highlighted research shows hybrid-electric systems could cut emissions on large-cabin bizjets, with certification gaps remaining.

This article summarizes reporting by the National Business Aviation Association.
A peer-reviewed study highlighted by the National Business Aviation Association (NBAA) in its July/August 2026 publication indicates that parallel hybrid-electric propulsion systems could deliver substantial emissions reductions for large-cabin business jets in the near term. The research challenges the prevailing industry assumption that Electric-Aviation technologies are strictly limited to short-range or light aircraft applications.
Authored by Piper Aircraft structural design engineer Ambar Sarup, the paper explores the engineering hurdles of integrating hybrid-electric propulsion (HEP) into long-range platforms. Sarup began the research at the University of Illinois in 2022 by modeling HEP applications for a Gulfstream GV, later expanding the scope to provide a generic framework for the business aviation sector.
Bridging the energy density gap
The primary technical barrier to electrified long-range flight remains the stark difference in energy density between traditional aviation fuel and current battery technology. According to Dr. Jeff Belt, an aircraft battery consultant with Electrochem Technologies LLC, Jet A fuel provides approximately 12,000 watt-hours per kilogram (Wh/kg). The most advanced battery cells currently available offer between 300 and 400 Wh/kg.
Belt noted that battery technology alone cannot currently impact long-distance flight. While Bloomberg data cited by Belt projects a 3 percent to 5 percent annual increase in battery specific energy, the performance gap necessitates a hybrid approach.
Sarup advocates for a parallel system where a conventional turbofan engine and electric motors assist one another. Because the turbofan handles the majority of the thrust requirements, the necessary electric components remain relatively small. The research models a 3,400-nautical-mile flight, such as a route from New York to London. If just 5 percent of the propulsion energy comes from a hybrid-electric system, the aircraft would save 1,900 pounds of fuel and eliminate 6,000 pounds of carbon emissions.
Ground operations and emerging market entrants
Beyond in-flight propulsion assistance, alternative operational concepts offer immediate efficiency gains. Belt proposed utilizing battery power exclusively for ground operations and taxiing. The aircraft would then recharge the batteries during flight and use electric power again after landing. This method requires only small electric motors and batteries that weigh slightly more than the fuel they replace.
The broader industry is already advancing similar concepts. France-based Beyond Aero completed a preliminary design review for a Hydrogen-electric business jet targeting an 800-nautical-mile range with a capacity of six to eight passengers. Concurrently, Boeing-backed startup Evio is developing a regional airliner that utilizes a hybrid-electric propulsion system from Pratt & Whitney Canada.
Navigating Certification frameworks
Hardware development is only part of the challenge. Both Sarup and Belt emphasized the critical need for established certification pathways from the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA).
The FAA issued harmonization document AC-21.17-4, which clarifies the regulatory status of electric aircraft components. While Technical Standard Orders (TSOs) exist for various electrical parts, the agency has not established a TSO specifically for propulsion batteries. Consequently, Manufacturers must certify these batteries as an integrated part of the aircraft rather than as standalone components.
Despite these regulatory and technical hurdles, Sarup remains optimistic about the scalability of the technology.
“I think the biggest misconception is that hybrid-electric propulsion is limited to smaller, shorter-range aircraft. That’s not true. We can get the range. We can get the speed. And we can get the performance to meet the needs of tomorrow’s long-range business aircraft,” Sarup stated.
AirPro News analysis
We view the transition toward parallel hybrid-electric systems as the most pragmatic stepping stone for business aviation sustainability. While fully electric long-haul flight remains constrained by the physics of battery energy density, utilizing electric motors to supplement turbofans during peak thrust demands or ground operations offers a realistic path to lower emissions. The lack of a dedicated FAA TSO for propulsion batteries will likely force original equipment manufacturers into complex, aircraft-level certification programs. This regulatory reality may dictate the pace of hybrid-electric adoption more than the underlying technology itself.
Photo Credit: Pratt & Whitney
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