NEW YORK, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Spirit Aviation Holdings, Inc. (“Spirit” or the “Company”) (NYSE: FLYY). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.    The investigation concerns whether Spirit and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On ...

Core Insights - The Garmin G700 TXi system is integrated into the TriFan 600, enhancing its operational capabilities for business aviation, including reliability and innovative pilot features [1][3] - The TriFan 600 is a fixed-wing aircraft with vertical lift capability, designed to combine the speed and comfort of a business jet with the flexibility of a helicopter, featuring efficient twin turbo-shaft engines [1][4] - XTI Aerospace is progressing towards FAA certification with developmental flight tests scheduled for 2027, indicating strong interest in the TriFan 600 across various sectors [3][4] Company Overview - XTI Aerospace, based near Denver, Colorado, is developing the TriFan 600, which has a maximum cruising speed of 311 mph and a range of 985 miles, creating a new category of xVTOL aircraft [4] - The company also has a business unit, Inpixon, that specializes in real-time location systems technology, optimizing operations in industrial facilities [4] Technological Features - The Garmin G700 XTi flight deck provides pilots with advanced navigation, communication, surveillance, and situational awareness capabilities [2][6] - The avionics suite includes features such as synthetic vision technology, dynamic maps, satellite weather, and smart autopilot integration [6]

Core Viewpoint - Archer Aviation is experiencing significant market attention due to a series of positive developments, including technical achievements and strategic advancements in both commercial and defense sectors [1][2][3]. Group 1: Market Reaction and Stock Performance - Following the earnings report on August 11, Archer's stock jumped 7.32% on August 12, with trading volume reaching nearly 65.5 million shares, almost double the three-month average [4]. - The stock has maintained a year-to-date gain of nearly 6% and a remarkable one-year gain of over 190% [5]. - A notable 6.8% decrease in short interest indicates a shift in sentiment among bearish investors, suggesting a re-evaluation of the company's prospects [5][6]. Group 2: Technical Progress and Flight Milestones - Archer's Midnight aircraft completed its longest piloted flight of 55 miles, demonstrating endurance relevant for urban air mobility routes [8]. - The flight lasted 31 minutes and exceeded speeds of 126 miles per hour, providing valuable performance data for the FAA [13]. Group 3: Strategic Acquisitions and Defense Opportunities - Archer is establishing a military and defense business vertical, highlighted by two acquisitions aimed at accelerating its Archer Defense program in partnership with Anduril Industries [10]. - The acquisitions include a patent portfolio and engineering talent from Overair, as well as composite manufacturing assets from Mission Critical Composites, enhancing in-house capabilities for military applications [11][12]. Group 4: Financial Position and Analyst Outlook - Archer's stock price forecast suggests a potential upside of 44.47%, with an average target of $13.43 based on eight analyst ratings [13][14]. - Following a successful capital raise, Archer concluded Q2 with approximately $1.8 billion in liquidity, providing a strong financial foundation for future operations [15]. - The combination of technical progress, strategic acquisitions, and a robust balance sheet positions Archer as a leader in the next generation of aviation [16][17].

Demand Outlook - Growing global middle class will increase demand for jet fuel [1] - Aviation is the oil market's brightest spot [1]

Core Viewpoint - Joby Aviation has experienced a significant stock price rally followed by a period of consolidation, raising questions about the market's perception of the company's progress and potential investment opportunities [1][3]. Financial Performance - Joby reported a second-quarter loss of $0.24 per share, missing the consensus estimate of an $0.18 loss, attributed to increased strategic spending and non-cash accounting items [3][5]. - The company ended the quarter with $991 million in cash and short-term investments, providing a multi-year runway for commercialization [5]. Analyst Ratings and Market Sentiment - Following the earnings report, analysts from Canaccord Genuity and HC Wainwright adjusted their ratings from Buy to Hold, reflecting valuation concerns rather than fundamental weaknesses [6][7]. - Canaccord raised its price target from $12 to $17, indicating a belief in the company's intrinsic value despite short-term price fluctuations [6][7]. Operational Milestones - Joby achieved a significant operational milestone with the successful completion of the first piloted eVTOL flight between two public airports, which took approximately 12 minutes over a distance of 10 nautical miles [8][9]. - This flight demonstrated the company's ability to integrate into FAA-controlled airspace and conduct operations away from a primary base, essential for commercial air taxi services [12]. Long-term Investment Case - The recent market pullback is viewed as a healthy period for profit-taking, presenting a potential entry point for long-term investors based on tangible progress rather than short-term valuation metrics [10][11]. - Joby's ongoing integration with Blade's business and certification progress further strengthens its fundamental story [11].

Core Insights - TAT Technologies Ltd. has secured a new MRO contract for the GTCP331-500 APU used on the Boeing 777, valued at approximately $12 million over three years, averaging $4 million annually [1][2] - The CEO of TAT highlighted the contract's role in strengthening the company's position in the APU market and emphasized the synergies between their leasing and MRO businesses, which enhance their market penetration [2] Company Overview - TAT Technologies Ltd. is a prominent provider of products and services for the commercial and military aviation sectors, including MRO services for aviation components and OEM heat transfer solutions [3] - The company operates an FAA-certified repair station through its Limco subsidiary, offering heat transfer MRO services to various clients, including airlines and military [3]

Core Insights - Advent Technologies Holdings, Inc. is supplying its proprietary membrane electrode assembly technology to Stralis Aircraft for their hydrogen electric Beechcraft Bonanza aircraft [1][2] - The collaboration aims to develop next-generation high temperature (HT-PEM) fuel cells, which are lighter and more efficient than existing alternatives, enabling longer flight ranges and lower operational costs [2][4] Company Overview - Advent Technologies is a U.S. corporation focused on developing, manufacturing, and assembling complete fuel cell systems, with approximately 150 patents related to fuel cell technology [3] - The company is headquartered in Livermore, California, and has offices in Greece, indicating a strong international presence in the renewable energy sector [3] Technology and Innovation - The HT-PEM membrane electrode assembly technology allows for efficient cooling of engines with smaller radiators, reducing weight and drag on aircraft [2] - Hydrogen electric propulsion systems have fewer moving parts and lower operating temperatures, which could lead to a 40-60% reduction in engine maintenance costs compared to traditional engines [2] Market Potential - Stralis Aircraft aims to be a leader in emission-free aviation, with their hydrogen-electric aircraft expected to travel ten times further than battery-electric alternatives at a lower cost than fossil fuel-powered planes [4] - The propulsion system developed by Stralis is six times lighter than automotive fuel cell systems, enhancing its suitability for aviation applications [4]

Core Viewpoint - Archer Aviation is positioned for significant growth in the eVTOL market, despite currently not generating revenue and incurring substantial losses [1][7]. Company Overview - Archer Aviation develops the Midnight eVTOL aircraft, capable of carrying one pilot and four passengers, with a range of 100 miles and a maximum speed of 150 miles per hour [4]. - The company has partnerships with major airlines and plans to launch its own air taxi service, including being the official air taxi provider for the 2028 Summer Olympics in Los Angeles [5]. Financial Performance and Projections - Archer has not generated revenue yet, reporting a net loss of $652 million last year, but anticipates delivering its first 10 eVTOLs and generating $42 million in revenue by 2024 [7]. - Production is expected to ramp up significantly, with projections of 10 aircraft in 2025, 48 in 2026, 252 in 2027, and 650 in 2028, supported by a backlog of approximately $6 billion [8]. Market Potential - Analysts predict revenue of $1.4 million in 2025, increasing to $103.4 million in 2026 and $450.8 million in 2027, contingent on FAA approval for commercial flights [10]. - The eVTOL industry is projected to grow at a compound annual growth rate (CAGR) of 35.3% from 2024 to 2030, and Archer could achieve annual revenue of $3.7 billion by 2035 if it meets growth expectations [11]. Investment Outlook - If Archer achieves its growth targets and trades at a reasonable valuation, its market cap could increase to $37 billion by 2035 [12]. - Insider buying activity suggests confidence in the company's future, although it remains a speculative investment [13].

Market Trend - The Airbus A320 series is on track to surpass the Boeing 737 as the most-delivered commercial airliner in history [1]

Alan Joyce says his stormy Qantas exit hasn’t grounded him for good. The former CEO defended his record and hinted at a possible return to aviation. Read today’s Australia Briefing by @KF_Wright to read more. https://t.co/g0FLECcB8m ...