It's roughly been 24 hours since a Londonbound Air India Dreamliner carrying 242 people crashed to this building behind me moments after takeoff. It is one of the worst civil aviation disaster in more than a decade. Officials say more than 200 bodies have been recovered.That is a lone survivor, a British national. He's been treated for injuries and may offer valuable clues on what caused the accident. According to local media reports, one of the two black boxes has also been recovered and that could provide ...

Over 200 bodies recovered after an Air India flight, a Boeing 787 that was bound for London, crashed right after takeoff, striking a medical school. Joining us right now is Billy Nolan. He's a former FAA acting administrator, also chief regulatory officer at Archer Aviation.Billy, thank you for being with us today. Obviously, um, we're just over 24 hours out from this accident. It's hard to have a real idea of what happened, but that certainly hasn't stopped speculation in other places.as somebody who under ...

We're also watching, of course, a tragedy unfolding in India after a crash of a Boeing 787 Dreamliner with 242 people aboard an Air India flight. More than 200 bodies have been recovered after that aircraft crashed shortly after takeoff en route to London. And we want to get the latest now from Ryan being Bloomberg's U.S. transport deputy team leader who's here with us.On balance of power. Ryan, do we have any indication yet, knowing it's obviously very early into the investigation of what actually went wro ...

CARLSBAD, Calif., June 12, 2025 (GLOBE NEWSWIRE) -- Premier Air Charter Holdings Inc. (OTC PINK: PREM) ("Premier Air Charter", "Premier"), is pleased to announce that its wholly owned subsidiary, Premier Air Charter, Inc., reported a notable increase in travel bookings to Mexico during the first quarter of 2025, which management believes reflect a strong demand for destination experiences. This increase aligns with the overall upward trend in the charter flight industry, as highlighted by Argus Internationa ...

Transaction expands public market access, aligns with U.S. mineral independence strategy, and accelerates growth of high-value platforms Atlanta, GA and Reno, NV, June 12, 2025 (GLOBE NEWSWIRE) -- M2i Global, Inc. (“M2i Global,” the “Company,” “we,” “our” or “us”) (OTCQB: MTWO), a company specializing in the development and execution of a complete global value supply chain for critical minerals, is pleased to announce its signing of a non-binding term sheet to be acquired by Volato Group, Inc. (NYSE America ...

Group 1 - U.S. President Donald Trump's executive order on June 6, 2025, aims to enhance U.S. leadership in unmanned aircraft systems, particularly electric Vertical Takeoff and Landing (eVTOL) aircraft [1][7] - Archer Aviation Inc. (ACHR) experienced an 11.7% increase in share price following the announcement, significantly outperforming the industry's 0.4% return [1][7] - The eVTOL industry is gaining momentum due to urban congestion, the demand for sustainable transport, and advancements in electric aviation technology [3] Group 2 - Archer Aviation is advancing its Midnight eVTOL aircraft through FAA certification and has initiated the next phase of flight testing, demonstrating both vertical and conventional takeoff capabilities [4][7] - The executive order is expected to facilitate regulatory processes and accelerate the adoption of eVTOL aircraft, benefiting Archer's commercialization efforts [4] - Other eVTOL companies, such as Joby Aviation Inc. and Vertical Aerospace, have also seen significant share price increases following the executive order, with Joby rising 16.3% and Vertical Aerospace increasing 7.2% [9] Group 3 - Archer Aviation's current trading price is 6.6% below the average Zacks price target, indicating potential upside [5] - The company is trading at a trailing 12-month price-to-book (P/B) multiple of 6.18X, which is approximately 4% higher than the industry average of 5.94X [12] - The Zacks Consensus Estimate for Archer's losses for 2025 and 2026 has improved over the past 60 days, reflecting a positive trend in earnings revisions [13]

Core Insights - Turbotech has successfully developed the first viable hydrogen-fueled turbine engine for small-scale aviation applications, utilizing Ansys simulation technology [2][4] - The company aims to create a scalable, fuel-agnostic gas turbine that facilitates the transition to hydrogen fuel, addressing challenges in power output, fuel consumption, and combustion system reliability [3][4] Company Developments - Turbotech's innovative approach includes simulation-led product development, which has significantly reduced prototyping costs and timelines by identifying optimal nozzle designs for real-world testing [4][6] - The collaboration with the BeautHyFuel project, supported by the French Civil Aviation Authority, involves partnerships with key industry players such as Safran, Air Liquide, and Daher [6][7] Technological Advancements - Ansys simulation tools, particularly Fluent, have provided high-fidelity predictions that have been crucial in maintaining structural integrity and emissions control during hydrogen burn tests [4][8] - The integration of Ansys simulation across Turbotech's designs has created a digital thread that enhances efficiency and reduces development time for hydrogen propulsion systems [8]

LE BOURGET, PARIS, June 9, 2025 /PRNewswire/ -- Boeing [NYSE: BA] will focus on advancing innovation, partnerships and collaboration at the 2025 Paris Air Show."We continue to make fundamental changes across Boeing to strengthen safety, quality and our culture, and we are seeing steady improvement in our performance," said Boeing President and CEO Kelly Ortberg. "We look forward to connecting with our customers and partners at Le Bourget to demonstrate the work underway to restore trust and move Boeing forw ...

Core Viewpoint - FTAI Aviation Ltd. has acquired a 50% stake in IAG Engine Center Europe, enhancing its global maintenance capacity by approximately 40% through the establishment of QuickTurn Europe at Rome Fiumicino Airport [1][2][3] Group 1: Joint Venture Details - The joint venture with IAG Engine Center will optimize operations, providing expanded maintenance, repair, and exchange services to FTAI's global customer base [2] - QuickTurn Europe will increase FTAI's module maintenance capacity by 450 modules (150 engines) per year, representing a 33% increase to the current capacity of 1,350 modules (450 engines) [7] - The facility is expected to quickly ramp up production, with piece-part repair capabilities anticipated to be operational in the second half of 2025 [7] Group 2: Strategic Importance - The partnership strengthens the position of Rome Fiumicino Airport as a key player in the global aviation ecosystem, benefiting from its central location and connectivity [3] - The joint venture is expected to create hundreds of new skilled jobs, positively impacting the local economy of Fiumicino, Rome, and the Lazio region [3] - QuickTurn Europe will integrate with FTAI's existing maintenance capabilities in Montréal and Miami, addressing strong demand from the global customer base [3] Group 3: Company Background - FTAI Aviation Ltd. focuses on owning and maintaining commercial jet engines, particularly CFM56 and V2500 engines, and provides cost savings and flexibility to its customers [4] - The company also owns and leases jet aircraft, facilitating the acquisition of engines at attractive prices, and invests in aviation assets that generate strong cash flows [4] - IAG Engine Center Europe specializes in the maintenance, repair, and overhaul of CFM56-5B and CFM56-7B engines, featuring extensive piece-part repair capabilities and a state-of-the-art test cell [5]

Oshkosh, Wisconsin, June 05, 2025 (GLOBE NEWSWIRE) -- EAA AirVenture Oshkosh 2025 will feature a unique version of one of the world’s most popular airliners as RTX’s business Pratt & Whitney brings a Boeing 747SP test bed aircraft to Boeing Plaza during the World’s Greatest Aviation Celebration. The 72nd edition of the Experimental Aircraft Association’s fly-in convention is July 21-27 at Wittman Regional Airport in Oshkosh. The aircraft’s appearance is part of Pratt & Whitney’s global centennial celebratio ...