Italian helicopter manufacturing company AgustaWestland has created the AW 139 Pininfarina Edition in collaboration with the famous Italian design company.

Research In Motion which has lost 95% of its market value since 2008, is selling one of its two business jets under a plan to save $1 billion in operating costs.

The maker of BlackBerry devices put its nine-passenger Dassault Aviation SA (DSY) F50EX up for sale, trying to fetch $6 million to $7 million.

A prototype of the “Son of Concorde,” a supersonic jet being designed in a collaborative effort between Boeing, Lockheed Martin, Gulfstream and NASA is set to be revealed next month at the Farnborough International Airshow in England.

The plane would fly more than 2,485 mile per hour, according to the U.K.’s Daily Mail.

Currently, the fastest subsonic executive jet, Gulfstream’s new G650 can fly 646 miles per hour and has a top speed of just 704 miles per hour.

Bell Helicopter unveiled its new “525 Relentless” super medium transport at the Heli-Expo 2012 in Dallas in February.

As sales of private jets increase in China, interior design companies are looking to cash in.

From bedrooms fit for a prince, to jacuzzis, bars, small theaters, stereo systems and hookups for iPads, interior designs for private jets are taking off in China.

As sales of private jets grow in an emerging market, a small group of interior design companies are beginning to reel in more and more Chinese buyers.

Airbus is about to deliver a luxury double decker A380 to the Saudi prince Alwaleed bin Talal, the chairman of Kingdom Holding Company, a major investor in Citigroup.

Ordered in 2007, it will be the most expensive personal jet, with a final price well in excess of $500 million, including the cost of outfitting it with one-of-a kind amenities.