Learjet, the private plane brand made famous by stars like Frank Sinatra, is halting production later this year. The brand’s owner, Bombardier, said Thursday it will concentrate on its more ...

Coined the Learjet 75 Liberty with a $3M price reduction, the aircraft was heralded as a better way to compete in the price-sensitive light jet market. MORE FOR YOU.

Business aviation appears headed for further—and much needed— consolidation. The last major industry contraction was three years ago, when Textron Inc., paid $1.4-billion to acquire Beechcraft ...