Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

This year will be one of the most challenging on record for new business jet orders, according to business aviation industry consulting firm Brian Foley Associates. “We could easily end the year with the industry as a whole having more order cancellations than new [orders],” said company president Brian Foley. “Some companies will buck that trend, but taken as a whole the industry could see net-negative orders for the year.” While Foley noted that cancellations have subsided, there is potential for additional fallout if more aircraft progress payments can’t be met. With the tight credit markets, he said it’s not certain that all customers will be able to obtain financing to meet these progress payments. Foley believes as much as 26 percent of the industry’s backlog peak in the third quarter of last year is at risk of cancellation.

Bizjet Orders Could Be Net Negative This Year

This year will be one of the most challenging on record for new business jet orders, according to business aviation industry consulting firm Brian Foley As

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