Cash-strapped Boeing is looking to raise $19 billion in a stock offering to relieve its liquidity issues and blunt the effects of a prolonged strike by production workers. The company is offering 90 million common shares and $5 billion in depositary shares to make ends meet. It says it intends to use the money for […]
eVTOL start-up Lilium has filed for bankruptcy days after the German federal government and the Free State of Bavaria have failed to guarantee $108 million in loans the company needs to stay in operation. In a Form 6-K filing with the Securities and Exchange Commission, Lilium said it’s out of cash and can’t pay its […]
South Korean media is reporting that North Korean frontline fighter pilots are among the thousands of troops sent to Russia, possibly to join the war in Ukraine. Korea has some of the same old Soviet-era aircraft that Russia is using against Ukraine, and their pilots are as good as the Russian fighter jocks according to […]
A San Diego startup says it will build the world’s first blended wing body airliner as soon as it rounds up investors with the billions of dollars needed to mount such an effort. Natilus announced the Horizon, a 200-seat BWB design it says will use 30% less fuel than a conventional aircraft of similar capacity. […]
A Canadian paraglider pilot has a heck of a Himalayan adventure story to tell even though he was unconscious for a lot of it. Ben Lewis, who was five hours into a cross-country flight in the Himalayas in the Indian State of Himachal Pradesh, was sucked up into a storm and spit out at more […]
NASA Administrator Bill Nelson is calling for an investigation into SpaceX founder Elon Musk’s alleged association with Russian President Vladimir Putin, citing national security concerns. On Thursday, the Wall Street Journal reported that Musk and Putin have spoken over the phone multiple times since 2022. It said unnamed former government officials from the U.S., Europe […]
This week, the International Transport Workers’ Federation (ITF) took a stand against single-pilot operations in commercial airlines. ITF, which represents transport workers worldwide, joined the Air Line Pilots Association, Int’l (ALPA) and several other organizations in voicing its opposition for any efforts to diminish the existing crew complement requirements. The organization pledged to utilize all […]
Sonex recently announced an increase in the maximum gross weight for all Sonex and Waiex aircraft equipped with 100-horsepower engines. The approval comes after extensive engineering studies and flight tests, the new limit is now 1,220 pounds, a 70-pound boost from the previous 1,150-pound cap. Mark Schaible, owner and president of Sonex, stated that these […]
On Wednesday, the National Transportation Safety Board (NTSB) released a preliminary report highlighting yet another close call between an American Airlines A319 and a Beechcraft King Air at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 29. The report noted that the American Airlines flight was preparing for a scheduled flight to Boston, […]
On Wednesday, Boeing workers voted against a new labor agreement, prolonging their six-week strike as the company continues to grapple with financial losses. According to the Wall Street Journal, members of the machinist union voted 64% against a proposed contract that would have delivered a 35% wage increase over four years. However, union workers […]
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