Very light jets are the latest thing in aviation for business travellers, and Russia is about to start building them.

The Eclipse 500 is the first foreign jet aircraft to be made in Russia.

Its production will begin next year. Ulyanovsk, the hometown of Lenin, will soon become home to a new breed of very light business jets.

Lufthansa has placed orders for seven executive jets from Cessna, the US business aircraft maker, in its first step towards building its own fleet of nine corporate jets operating in the region of Europe and Russia.

The German flag carrier is set to be the first European airline to develop its own fleet of business jets.
Private aviation has enjoyed an unprecedented global boom during the past three years, as corporate executives and wealthy individuals have sought to avoid the increasing hassle, inconvenience and delays of flying through congested hub airports and to use business jets to increase executive productivity.

Several other European airlines have considered entering the corporate jet market, including KLM, the Dutch subsidiary of Air France-KLM, which has recently investigated the fledgling market for air taxi jet operations with four-seat very light jets.

Owning a personal jet has always been a far off dream for many, but that dream may have just become a little more attainable with the introduction of the HondaJet.

This new product from automaker Honda, makes jet ownership only 3.65 million dollars away.

First announced in 2005, the jet is finally entering production and Honda is taking orders.

Richard Branson keeps making it easier for the world to travel in style.

He wasn’t going to stop at Virgin Galactic; now he’s launched Virgin Charter, a new online service that lets the uber affluent charter private planes from anywhere in the world.

If the travel bug is crawling around under your skin again, or your, uh, “good friend” wants to take a last minute trip to a romantic destination like San Tropez, just log onto the Virgin Charter site, plug in your destination, and the company will pull up a listing of all the companies that can meet your needs.

The Milner Motors AirCar will debut at the New York International Auto Show, March 21-30.

The Milner Motors AirCar is a four-seat advanced-composite car that is designed so that you can fly to your destination but then fold up the wings and drive it down the highway.

There is a foldable main wing in the rear of the vehicle and a lifting projection in the front.

A popular pastor, Mac Hammond of Living Word Christian Center in Minnesota is having to give up one of his pricey toys, his own private jet.

Hammond is reportedly marketing the Cessna 650 business jet aggressively and plans to reinvest the money in the ministry.

The Minnesota Star-Tribune also reports that the Living Word has also cut its hourlong TV show on Sunday mornings in half to save money.