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WSJ Aviation Safety Reporter Answers Questions About India Plane Crash | WSJ News
WSJ News· 2025-06-13 01:04
Safety Concerns & Accident Investigation - Aviation industry and US government officials maintain that flying is still safer than driving, despite recent accidents, but the system is under stress [1] - The Air India crash of a Boeing 787 Dreamliner has reignited flight safety concerns [1] - Accident investigations can take months or over a year, often pointing to a series of factors involving airline crew, pilots, maintenance personnel, weather, design, and manufacturing [7] - It is too early to determine the cause of the 787 crash, and early indications can be undermined by new information [3] - Early investigation focuses include aircraft configuration (flaps, landing gear), and potential engine thrust loss [4] Boeing Safety Record & Issues - Boeing has been in the news for safety issues, including a pair of 737 Max crashes and the Alaska Airlines door plug blowout [5] - Boeing states they are working to improve how they monitor fleet safety, engineering, and aircraft manufacturing [6] - The 787 Dreamliner is a newer model (debuted in 2011) with an excellent safety record prior to the Air India crash [6] - There have been production issues with the 787 early in its development and more recently [6]
Trade Tracker: Josh Brown buys Joby Aviation and Archer Aviation
CNBC Television· 2025-06-12 23:05
Josh Brown has two new buys. Uh number one, J O Y. It is Joby Aviation.Why did you add that. Okay, so these are super speculative. Um uh Joby is So let me let me talk about both. Talk about both cuz they they fit together.Yes. Uh Joby and the other one is Archer. I took starter positions in both of these names.They probably shouldn't even be public. These are pre-revenue pre obviously pre-earning situations but they are working on something that I think has massive potential uh over the next 10 or 15 years. ...
BREAKING! Air India AI171 Boeing 787-8 Crashes During Takeoff in India | Airport View
The Launch Pad· 2025-06-12 18:26
An Air India flight en route to London carrying 242 passengers and crew crashed shortly after taking off from Ahmedabad international airport today. Video shows the plane struggling to lift up before crashing into a residential area minutes later. Join our community Discord! https://discord.com/invite/xCm9UpDPE4 This coverage is made possible by our amazing community! Consider becoming a The Launch Pad Member and go behind the scenes with early video access, behind the scenes live streams and more! SUBSCRIB ...
BREAKING! Air India AI171 Boeing 787-8 Crashes During Takeoff in India | Airport View
The Launch Pad· 2025-06-12 18:23
An Air India flight en route to London carrying 242 passengers and crew crashed shortly after taking off from Ahmedabad international airport today. Video shows the plane struggling to lift up before crashing into a residential area minutes later. Join our community Discord! https://discord.com/invite/xCm9UpDPE4 This coverage is made possible by our amazing community! Consider becoming a The Launch Pad Member and go behind the scenes with early video access, behind the scenes live streams and more! SUBSCRIB ...
BREAKING: One British man survives Air India plane crash
MSNBC· 2025-06-12 17:20
The uh plane crash was terrible. I've already told them anything we can do. It's a big country, a strong country, and they'll handle it, I'm sure. But I let them know that anything we can do, we'll be over there immediately. But it was a horrific crash. It looks like uh most are gone. They actually maybe have a couple survivors, which is just heard. Uh but uh that was a horrible crash. Nobody knows any idea what it might be. I gave him a couple of uh pointers. I said, "Maybe you'll look at this or You know, ...
XTI Accelerates xVTOL Development by Collaboration with the U.S. Department of Energy's Oak Ridge National Laboratory Frontier Supercomputer
Prnewswire· 2025-06-12 13:25
Group 1 - The CFD analysis using the Frontier supercomputer enables XTI Aerospace to optimize the performance and safety of the TriFan 600 xVTOL as it prepares for subscale flight tests [1] - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, cruising speeds of 311 mph, and a range of 985 miles, creating a new category known as xVTOL [2] - The collaboration with Oak Ridge National Laboratory is seen as a critical advantage for XTI, allowing for accelerated engineering work and reduced risks in the TriFan 600 design [2] Group 2 - XTI Aerospace's Inpixon business unit specializes in real-time location systems technology, providing solutions that enhance operational efficiency and safety in industrial settings [2] - The company is publicly traded on Nasdaq under the ticker XTIA, indicating its presence in the capital markets [2]
Not sure if Air India crash is a Boeing or GE problem per se, says Mike Boyd
CNBC Television· 2025-06-12 12:22
I'm joining us now, Mike Boyd, president and CEO of Boyd Group uh International. Mike, you're you're obviously wellversed in in these things and and an aviation expert. We we've basically exhausted everything that we're in a position to say at this point.Can can you add anything uh with your expertise to to things that we can surmise without being uh you know I'm not going to say reckless but without just conjecturing with things we don't know about what can you tell us. Well I I think jumping on it's under ...
Volato Group to Acquire M2i Global, Creating Dual-Platform Growth Company Focused on Critical Minerals Infrastructure and Aviation Software
GlobeNewswire News Room· 2025-06-12 12:00
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 ...
AerCap Awarded Insurance Payment by English Commercial Court for Aircraft and Engines Lost in Russia
Prnewswire· 2025-06-11 13:26
Core Viewpoint - AerCap Holdings N.V. has been awarded approximately $1 billion in indemnity from insurers for aircraft and engines previously leased to Russian airlines, which were not recovered following the Ukraine conflict [1][2]. Group 1: Indemnity Award - The Commercial Court in London ruled that AerCap Ireland Limited is entitled to recover around $1 billion under the "War and Allied Perils" Coverage of its insurance policy [1]. - The indemnity is related to assets that were not recovered from Russia after the invasion of Ukraine in February 2022, with payment due by July 2, 2025 [1]. - This award will contribute to AerCap's total pre-tax recoveries related to the Ukraine conflict, bringing it to approximately $2.5 billion [2]. Group 2: Financial Impact - In 2022, AerCap recognized a pre-tax net charge of $2.7 billion, which included a total loss write-off for assets remaining in Russia and Ukraine [2]. - Following recoveries of $1.3 billion in 2023 and $195 million in 2024, the current indemnity award is significant for the company's financial recovery efforts [2]. Group 3: Ongoing Claims - AerCap continues to pursue claims against insurers and reinsurers related to Russian airlines' insurance policies for other assets, with the outcome and timing of these claims remaining uncertain [3]. Group 4: Company Overview - AerCap is a global leader in aviation leasing, serving approximately 300 customers worldwide with a comprehensive fleet solution [4]. - The company is listed on the New York Stock Exchange and has a strong presence in multiple global locations [4].
XTI Aerospace Deepens Defense Sector Expertise with Addition of Steve Griessel to Corporate Advisory Board
Prnewswire· 2025-06-11 13:00
ENGLEWOOD, Colo., June 11, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, named Stephen (Steve) Griessel, former Group CEO of Paramount Group Ltd., to its Corporate Advisory Board. His addition follows growing recognition of VTOL aircraft as a national strategic priority, as highlighted in President Trump's recent executive order."Steve brings deep aerospace and defense experience as well as a global mindset," said Scott Pomeroy, CEO ...