Piston powered airplanes have Vne. Turbine powered airplanes are limited by Vmo/Mmo. There is some crossover point where the Mmo will occur at a lower indicated airspeed than Vmo, at which point the aircraft is mach limited vice speed limited.
Regardless of how, where why, what or who the airplane is powered or limited or what deeply complex calculations, variables, factors, constants, instants, Great Aunts and Fire Ants go into these wildly complex calculations all these limits are...
...get ready...
Indexed on and read directly from the airspeed indicator either as a red line or a barber pole. Therefore, the answer to the initial question is:
Vne is an indicated airspeed.
Regardless of how, where why, what or who the airplane is powered or limited or what deeply complex calculations, variables, factors, constants, instants, Great Aunts and Fire Ants go into these wildly complex calculations all these limits are...
...get ready...
Indexed on and read directly from the airspeed indicator either as a red line or a barber pole. Therefore, the answer to the initial question is:
Vne is an indicated airspeed.