I wouldn't be too concerned because a website has not been updated. It's a small program. Whenever I read about "aviation MBA or aviation masters" programs, I am highly skeptical and consider them a waste of money. It's better to go to prestigious regular MBA program and work your way into the industry.
But MIT is a heavy-hitter. I think all of their programs are world-class. It is not the sort of school where you could get by with half-baked, retarded Power Point slides and get an 'A.'