The goal of the collaboration is to advance solutions that can dramatically enhance aircraft speed, range, reliability, noise profile, and vertical lift performance. Under the terms of the memorandum of understanding ("MOU") between XTI Aircraft Company, a subsidiary of XTI, and MagLev, the two companies will jointly evaluate the integration of MagLev's proprietary MagLev HyperDrive™ propulsion technology into XTI's future hybrid-electric aircraft architectures. Additionally, the MOU includes a non-binding ...

Engineering experts from XTI and the FAA reviewed the TriFan 600 aircraft's structural design philosophy, analysis methodologies, load conditions, and compliance approach. XTI is committed to a collaborative and transparent certification program and plans to conduct additional Tech Fam meetings with the FAA across additional disciplines in the coming months. "Completion of this collaborative Tech Fam meeting with the FAA is a meaningful step to progress the TriFan 600 towards type certification, which is th ...

COPENHAGEN, Denmark, July 1, 2025 /PRNewswire/ -- Scandinavian Airlines (SAS) has entered into an agreement to acquire 45 Embraer (NYSE: ERJ; B3: EMBR3) E195-E2 aircraft, with purchase rights for an additional 10 aircraft — the largest SAS jet order direct from a manufacturer since 1996. This milestone agreement supports SAS' long-term fleet renewal strategy, which is focused on increasing efficiency, reducing emissions, and unlocking future growth opportunities from its global hub in Copenhagen as well as ...

Core Viewpoint - XTI Aerospace, Inc. has announced a public offering of 9,143,000 shares of common stock and 9,143,000 warrants, aiming to raise approximately $16 million for working capital and the development of the TriFan 600 airplane [1][2]. Group 1: Offering Details - The offering price is set at $1.75 per share, with each Common Warrant allowing the purchase of one share at an exercise price of $2.00, expiring five years from issuance [1]. - The underwriters have a 45-day option to purchase an additional 1,371,000 shares and/or warrants to cover over-allotments [1]. - The offering is expected to close on June 26, 2025, pending customary closing conditions [1]. Group 2: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, cruising speeds over 300 mph, and a range exceeding 1,000 miles [5]. - The company also has a business unit, Inpixon, specializing in real-time location systems technology for industrial applications [5].

Le Bourget, Paris, June 18, 2025 (GLOBE NEWSWIRE) -- Deutsche Aircraft, in collaboration with Pratt & Whitney Canada today provided an update on the 40-seat D328eco® regional turboprop at the Paris Air Show 2025. This announcement follows of the successful rollout of the first test aircraft (TAC 1) in May 2025, and the completion of a joint synthetic fuel test campaign in late 2024. Pratt & Whitney is an RTX (NYSE: RTX) business. Powered by Pratt & Whitney Canada's PW127XT-S engine is a next-generation turb ...

MONTRÉAL, June 18, 2025 (GLOBE NEWSWIRE) -- Bombardier is proud that S&P Global Ratings has upgraded the company's credit rating to BB- from B+, with a stable outlook. This upgrade underscores Bombardier's robust financial performance and strategic management, reflecting our solid execution across business segments, effective deleveraging efforts and increase in liquidity. Over the past years, Bombardier has maintained a positive financial trajectory and unwavering discipline, leading to consistent credit u ...

Future flight-testing targets 30% improved fuel efficiency for regional turbopropsPARIS, June 16, 2025 /PRNewswire/ -- Pratt & Whitney Canada announces a new milestone in the RTX Hybrid-Electric Flight Demonstrator project, by testing the integrated propulsion system and batteries to full power. While ground testing of the hybrid-electric propulsion system continues in Longueuil, Quebec, Pratt & Whitney Canada has selected AeroTEC to support future flight testing of the De Havilland Canada Dash 8-100 experi ...

Companies will target continued improvements to aircraft fuel efficiency, durability and operating costsPARIS, June 16, 2025 /PRNewswire/ -- ATR and Pratt & Whitney Canada today announce their intent to collaborate on the development of advanced propulsion technology for regional turboprop aircraft, shaping the future of low-emission regional aviation. This collaboration aims to leverage and extend the industry-leading performance of ATR aircraft equipped with Pratt & Whitney Canada PW127XT engines and expl ...

Core Insights - Bombardier's Global 7500 aircraft has set a new speed record, flying from Montreal to Paris at over 1,000 km/hr in 5 hours and 30 minutes, showcasing its superior performance capabilities [2][3] - The Global 7500 continues to demonstrate its excellence with a history of speed records, including a recent flight from Paris to Montreal in under 6 hours and the longest mission for a business jet at 8,225 nautical miles [3][5] - The Global 7500 is designed for business travelers, offering a maximum range of 7,700 nautical miles, a spacious cabin with customizable features, and advanced connectivity options [4] Company Overview - Bombardier operates a fleet of over 5,100 aircraft, supported by a global network and 10 service facilities across six countries [7] - The company is committed to innovation in aviation, focusing on reliability, efficiency, and sustainability, while delivering high-quality craftsmanship [6] - Bombardier's manufacturing facilities are located in Canada, the United States, and Mexico, and the company received the "Red Dot: Best of the Best" award in 2024 for its branding and communication design [7]

Company Overview - Air India was operating a Boeing 787-8 Dreamliner, which is a popular twin-aisle jet used for longer routes, with its first flight in December 2013 and handed over to Air India in January 2014 [2] - As of the incident, Air India had 34 Dreamliners in service and planned to order at least 20 more [3] Incident Details - The crash occurred seconds after takeoff from Ahmedabad, India, with 242 people on board, resulting in all but one person being killed [1] - Preliminary data indicated that the aircraft lost signal less than a minute after takeoff, reaching a maximum altitude of 625 feet [4] - The aircraft crashed into a residential area, and there were reports of additional fatalities on the ground [5] Investigation Insights - Investigators will examine the black boxes, maintenance records, pilots' maneuvers, and weather conditions to determine the cause of the crash [6][7] - The investigation will be led by the country where the incident occurred, with participation from Boeing and GE Aerospace [8] Manufacturing Concerns - There have been previous manufacturing and quality concerns regarding Dreamliners, but experts do not immediately link these issues to the recent crash [9][10] - Boeing faced allegations of taking shortcuts in production, but the company denied these claims [11] Impact on Boeing - The impact on Boeing will depend on the outcome of the crash investigation, although demand for new planes remains robust [14] - Wolfe Research noted that they do not foresee significant direct impacts on Boeing's financial performance, but the incident may affect momentum until clarity is achieved [14][15] - Boeing has 900 more Dreamliner orders, indicating continued demand despite the incident [15]