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United Airlines | May 31, 2020
In a burst of optimism, United Airlines has announced it will beef up its international schedule in July by returning to 11 overseas cities. “United’s always going to be larger internationally than our peers,” United CEO Scott Kirby said during an investor conference this week when asked about how the airline will rebuild its route map, according to the aviation blog The Points Guy....
DEFENSE AND SPACE
Raytheon Technologies | July 28, 2022
Raytheon Technologies' corporate venture capital group, RTX Ventures, signed an agreement to invest in VerdeGo Aero to accelerate the development of hybrid-electric propulsion technologies for advanced air mobility applications. This investment will also provide opportunities for VerdeGo Aero to collaborate with Pratt & Whitney on future product development. Established in 2017, the Daytona Beach, Fla.-based company specializes in delivering powerplants that efficiently co...
JetBlue | July 28, 2020
JetBlue Airways on Tuesday said it swung to a loss in the second quarter and forecast that revenue will fall by about 80% in the third quarter as the coronavirus pandemic promises a choppy recovery in travel demand. The New York-based airline carried just 616,000 passengers in the three months ended June 30, down more than 94% from the 11 million who flew JetBlue in the same period last year. Revenue plunged about 90% to $215 million from more than $2.1 billion in the second quarter of 2019....
AVIATION TECHNOLOGY
Electra | September 28, 2022
Electra.aero, Inc , a next-gen aerospace company with a mission to help decarbonize aviation and open new air transportation markets, announced today that it has completed the first flight of a solar-battery hybrid electric research aircraft. This 90-foot wingspan unmanned aircraft system (UAS) made its first flight from Manassas Regional Airport, Virginia on September 9, 2022, and is the first airplane to emerge from Electra's new development facility there.The new plane, named Dawn One, is...
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