Alcoa to Announce Second Quarter 2016 Results and Host Webcast

Alcoa Fastening Systems & Rings | July 01, 2016

NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) plans to announce its second quarter 2016 financial results on Monday, July 11 after the market closes. The press release will be available on the Investor section of Alcoa’s website, http://www.alcoa.com/global/en/investment/analysis/asp and a link to the press release will also be available on Alcoa’s twitter handle @Alcoa at www.twitter.com/Alcoa.A conference call to discuss the quarterly results and business developments will be held on Monday, July 11 beginning at 5:00 p.m. EDT.

Spotlight

AircraftAccidents Investigation: LOT Polish Airlines Flight 16 Lands Whithout Wheels
LOT Polish Airlines Flight 16 was a passenger flight which made an emergency landing at Warsaw Chopin Airport, Poland, on 1 November 2011 after its landing gear failed to extend. All 231 aboard survived without any significant injuries. The aircraft involved, a Boeing 767-300ER, was operating as LOT Polish Airlines' scheduled international service from Newark Liberty International Airport, New Jersey, USA, to Warsaw. The preliminary report found that a hydraulic leak occurred shortly after takeoff, which resulted in a loss of all the hydraulic fluid that powered the primary landing gear system.


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AVIATION TECHNOLOGY

Boom Supersonic Announces Second Annual Net Good Summit to Accelerate Path to Net-Zero Travel

Boom Supersonic | September 13, 2022

Boom Supersonic, the company building the world's fastest airliner, optimized for speed, safety, and sustainability, today announced its plans for the second annual Net Good Summit, an invitation-only event dedicated to shaping a more sustainable future for the travel industry. The second annual Net Good Summit will take place October 23-25, 2022 in Del Mar, California. Boom Supersonic convened the inaugural Net Good Summit in November 2021 and hosted sustainability thought leaders and senior executives from American Express, Amazon Air, Climeworks, IWC Schaffhausen, HMMH, Shell Aviation, Oklo, Global Sustainable Tourism Council, U.S. Travel Association, Boston Consulting Group, and more. This October's Net Good Summit will focus on three themes critical to creating systemic change in sustainable travel: enabling the exponential growth of sustainable technologies, integrating sustainability across the travel journey, and engaging and educating the traveler. Among the program speakers already announced are Michael Shellenberger, President, Environmental Progress; Stephanie M. Jones, Founder & CEO, Cultural Heritage Economic Alliance, Inc. and Founder, National Blacks in Travel & Tourism Collaborative; and Steven Davis, Head of Climate Science, Watershed and Professor of Earth System Science at University of California-Irvine. Additional speakers and panelists will be announced as the event programming is finalized. "For travel to remain a net good for society, it must also be sustainable,. We're proud to host the 2022 Net Good Summit, bringing together a dynamic group of thought leaders, sustainability experts and industry leaders to further the sustainable future of travel." Kathy Savitt, President and Chief Business Officer of Boom Supersonic The Net Good Summit is the annual symposium for the Sustainable Travel Forum, which Boom launched late last year to propel learnings from the Summit into solutions. Members of the Sustainable Travel Forum include Amazon Air, Archer Aviation, American Express, American Express Global Business Travel, IDEO, Japan Airlines, Prometheus Fuels, Shell Aviation, South African Tourism, Tourism Australia, U.S. Travel Association, United Airlines, Visit Britain, and Volta Charging. A commitment to speed, safety and sustainability has been at the core of Boom's philosophy since the company's founding in 2014. Overture, the company's supersonic airliner, will be the first commercial airliner program to be net-zero carbon from day one, optimized to run on 100% sustainable aviation fuel (SAF). In May 2022, Boom released its first annual Environmental Sustainability report, detailing the company's achievement of carbon neutrality in 2021 and reiterating its commitment to net-zero carbon by 2025. In July 2022, Boom released the findings of an extensive research project led by Ben Murphy, VP of Sustainability at Boom, and Akshay Ashok Ph.D., Sustainability and Regulatory Specialist at Boom. The report highlights key drivers of exponential growth which can help achieve rapid scaling of the SAF industry. Boom also recently announced a 10-year agreement with Climeworks to remove part of Boom's residual CO₂ emissions from the atmosphere and permanently store them underground. Further adding to Boom sustainability efforts, the Overture Superfactory, which will be designed and built by BE&K Building Group and BRPH, will be LEED certified. Boom was named one of this year's honorees in Travel + Leisure's Global Vision Awards, which highlights changemakers creating more sustainable and responsible travel products, practices, and experiences. About Boom Supersonic Boom Supersonic is transforming air travel with Overture, the world's fastest airliner, optimized for speed, safety, and sustainability. Serving both civil and government markets, Overture will fly at twice the speed of today's airliners and is designed to run on 100% sustainable aviation fuel (SAF). Overture's order book, including purchases and options from American Airlines, United Airlines, and Japan Airlines stands at 130 aircraft. Boom is working with Northrop Grumman for government and defense applications of Overture. Suppliers and partners collaborating with Boom on the Overture program include Collins Aerospace, Eaton, Safran Landing Systems, the United States Air Force, American Express, Climeworks, and AWS.

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AEROSPACE,AIR TRANSPORT

J-Space Partners With Virgin Orbit to Bring Sovereign Air-Launch Capability to South Korea

virgin orbit | August 19, 2022

Virgin Orbit , a leading launch provider, announced today that it has signed an agreement with South Korean investment group J-Space. The agreement will allow the companies to assess candidate spaceport launch sites in South Korea, with the goal of providing satellite launch services from there using Virgin Orbit’s LauncherOne System. The cooperative effort is designed to act as a catalyst to the burgeoning Korean small satellite and space solutions market, stimulate local economic growth, and provide the South Korean government with a flexible and responsive launch capability in support of a wide range of mission applications. In pursuing its mission to transform the space industry in South Korea, J-Space looks to leverage Virgin Orbit’s unique mobile launch system and its capability to offer nations a turnkey small satellite launch capability that can quickly become fully operational, thereby satisfying commercial, civil government, and defense requirements. Drawing on local expertise and funding by J-Space and on launch and mission expertise from Virgin Orbit, the partnership will focus its initial efforts on linking with local South Korean high-tech industries and formulating end-to-end mission solutions that will benefit the nation and broader region. The partners aim to develop a roadmap that will result in launch site identification and operations, delineate specific investor and business objectives, and identify key partners in the region. The roadmap will seek to lay out the steps required to enable the first flights of LauncherOne to occur from South Korea in as little as 12 -18 months. “We are pleased to enter into this exclusive agreement with J-Space to provide launch operations and space services for the South Korean market, “The Korean space industry has made huge strides in the past few years both in the commercial and government sectors, with the South Korean government increasing its space budget by over twenty percent in the past year alone. We are excited by the growth and partnership opportunities in the region that could include industrial base participation in South Korea and look forward to working with the visionary team at J-Space to expedite a flexible launch solution from the Korean peninsula in the near-future.” Virgin Orbit CEO Dan Hart Bongki Min, J-Space’s CEO, expressed his excitement for the partnership, noting, “Our work with Virgin Orbit opens the potential for unparalleled access to space from South Korea, enabling many of the new space utilization companies in Korea by providing affordable, flexible, and rapid launch. We want to build upon and extend the current South Korean space infrastructure, helping further enhance our role as a global leader in space. Our relationship with Virgin Orbit provides a key catalyst for that growth.” AboutVirgin Orbit Virgin Orbit (Nasdaq: VORB) operates one of the most flexible and responsive space launch systems ever built. Founded by Sir Richard Branson in 2017, the company began commercial service in 2021, and has already delivered commercial, civil, national security, and international satellites into orbit. Virgin Orbit’s LauncherOne rockets are designed and manufactured in Long Beach, California, and are air-launched from a modified 747-400 carrier aircraft that allows Virgin Orbit to operate from locations all over the world in order to best serve each customer’s needs. Learn more at www.virginorbit.com and visit us on LinkedIn, on Twitter @virginorbit, and on Instagram @virgin.orbit. About J-Space J-Space was founded in Jan 2022 to conduct satellite launch and space related business. Its mission is to provide domestic and foreign companies with the necessary tools required to compete in the commercial space industry. J-Space is the premier satellite launch service targeting the Asian market.

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AIR TRANSPORT

Electric Flight Moves a Step Closer as Vertical Aerospace and CAE Partner on Pilot Training

Vertical Aerospace | July 19, 2022

Vertical Aerospace a global aerospace and technology company that is pioneering zero-emissions aviation and CAE a market leader in flight simulation and training, today announced that CAE will be the pilot training partner for Vertical’s launch eVTOL aircraft, the VX4. CAE will design and develop a world-class training program and be the exclusive training device provider, tailoring the high-fidelity, next-generation flight simulation training device for the VX4 aircraft. The innovative pilot training program will leverage advanced technologies including Mixed Reality and Artificial Intelligence to enhance the learning experience and will help shift the training paradigm toward cost-effectiveness and scalability, while ensuring safety is paramount for Vertical and its operators. Advanced Air Mobility is expected to drive unprecedented demand for qualified, professionally trained pilots for inner-city and regional electric flights. Additionally, because CAE currently provides training products and services to many of Vertical’s industry-leading customer base, a smoother integration of new AAM pilot training programmes into their training portfolios is anticipated. Upon the signing of a definitive agreement, Vertical and CAE will start working together three years ahead of the VX4’s targeted entry into service in 2025, a critical step towards making safe eVTOL flights a reality. “Vertical has built its commercial ecosystem with customers, regulators, and infrastructure partners to enable AAM and ensure we have partnerships in place to introduce safer, cleaner and quieter mobility for everyone. Bringing CAE into our unrivalled ecosystem is a key enabler to solve the training requirement for our customers, as we prepare for the VX4’s entry into service.” Harry Holt, Deputy CEO of Vertical Nick Leontidis, CAE’s Group President, Civil Aviation, said “CAE’s longstanding training relationships with top-tier airlines and operators is a key differentiator for us as they expand into eVTOL operations with Vertical. They know they can count on CAE for advanced training as they venture into this new market. We are excited to join Vertical’s ecosystem and work hand in hand to build the aviation workforce of the future.” This partnership announcement comes following Vertical’s recent announcement of progress in its certification process for the VX4, with the European Union Aviation Standards Agency agreeing to concurrently validate the UK Civil Aviation Authority’s certification of the VX4 and the adoption of SC-VTOL as the certification basis for the aircraft. Vertical expects to reach several critical certification milestones in the coming months, as the VX4’s test flight programme begins in Summer 2022. About Vertical Aerospace Vertical Aerospace is pioneering electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the Ovo Group, a leading energy and technology group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced and senior team in the eVTOL industry, who have over 1,700 combined years of engineering experience, and have certified and supported over 30 different civil and military aircraft and propulsion systems. Vertical’s top-tier partner ecosystem is expected to de-risk operational execution and its pathway to certification allows for a lean cost structure and enables production at scale. Vertical has a market-leading pre-order book by value for more than 1,400 aircraft from global customers creating multiple potential near term and actionable routes to market. Customers include American Airlines, Virgin Atlantic, Avolon, Bristow, Marubeni, Iberojet and FLYINGGROUP, as well as Japan Airlines Gol, Air Greenland, Gozen Holding and AirAsia, through Avolon’s VX4 placements. About the VX4 eVTOL Aircraft The piloted zero operating emissions four-passenger VX4, is projected to be capable of travelling distances over 100 miles, achieving top speeds of up to 200mph, while producing minimal noise and has a low cost per passenger mile. The VX4 is expected to open up advanced air mobility to a whole new range of passengers and transform how we travel. About CAE At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying simulation training and critical operations support solutions. Above all else, we empower pilots, airlines, defence and security forces, and healthcare practitioners to perform at their best every day and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with more than 13,000 employees in more than 200 sites and training locations in over 40 countries. CAE represents 75 years of industry firsts—the highest-fidelity flight and mission simulators, surgical manikins, and personalized training programs powered by artificial intelligence. We’re investing our time and resources into building the next generation of cutting-edge, digitally immersive training and critical operations solutions while keeping positive environmental, social and governance (ESG) impact at the core of our mission.

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AEROSPACE, DESIGN AND ENGINEERING

Electra Completes Test of Low-Emissions Hybrid eSTOL Aircraft Engine

Electra.aero | September 09, 2022

Electra.aero, Inc. ("Electra"), a next-gen aerospace company with a mission to help decarbonize aviation and open new air transportation markets, has successfully completed a fully integrated test of the proprietary hybrid-electric propulsion system for its low-carbon emissions, electric short takeoff and landing (eSTOL) aircraft, moving Electra closer to leveraging its hybrid engine technology to significantly reduce aircraft emissions, noise, and operating costs. The hybrid system is being integrated into Electra's piloted technology demonstrator aircraft, to demonstrate and test Electra's eSTOL ultra-short takeoff and landing performance and fuel burn savings. The technology was first developed for Electra's 9-passenger eSTOL aircraft and will later be scaled to larger aircraft. Hybrid-electric propulsion is Electra's first step on a path to zero-emissions air mobility, used initially as it is the only sustainable technology that can meet range requirements for the regional air mobility market. Electra's eSTOL aircraft is designed so that hydrogen and battery-electric propulsion systems can be used in the future when those technologies are commercially viable. To support these long-range goals, Electra is exploring green hydrogen with its partner Plug Power (NASDAQ: PLUG), the leading provider of hydrogen fuel cell turnkey solutions. "Tightly coupling airframe and propulsion systems is the hallmark of Electra's unique and scalable approach to providing net-zero emissions for regional and transport-category aircraft by 2050,Electra's eSTOL aircraft uses this patent-pending technology for the urban and regional aircraft market, allowing a reduction of the 5 billion tons of CO2 created by inefficient ground transport in personal cars every year." JP Stewart, Electra's VP and General Manager. Testing of the hybrid-electric system took place at Electra's propulsion development facility in Switzerland. Electra's hybrid system uses a combination of high-power battery packs and a turbogenerator to power eight electric motors and propellers. About Electra.aero Electra.aero, Inc. is a next-gen aerospace company leading the way in sustainable urban and regional mobility. The company is building clean, hybrid-electric, ultra-short takeoff and landing (eSTOL) airplanes that fly people and cargo quieter, further, and more affordably. Electra's technology delivers 2.5x the payload and 10X longer range with 70% lower operating costs than vertical takeoff alternatives with much less certification risk, proving that climate friendly technology can also be cost-effective. Electra's team includes some of the most respected and successful entrepreneurs and engineers in novel aircraft design, and its technology development is supported by NASA, the US Air Force, and a coalition of private investors.

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Spotlight

AircraftAccidents Investigation: LOT Polish Airlines Flight 16 Lands Whithout Wheels
LOT Polish Airlines Flight 16 was a passenger flight which made an emergency landing at Warsaw Chopin Airport, Poland, on 1 November 2011 after its landing gear failed to extend. All 231 aboard survived without any significant injuries. The aircraft involved, a Boeing 767-300ER, was operating as LOT Polish Airlines' scheduled international service from Newark Liberty International Airport, New Jersey, USA, to Warsaw. The preliminary report found that a hydraulic leak occurred shortly after takeoff, which resulted in a loss of all the hydraulic fluid that powered the primary landing gear system.

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