Upstart airlines Avelo, Breeze prepare for a profitable year

Upstart airlines Avelo, Breeze prepare for a profitable year

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021. Patrick T. Fallon | AFP | Getty Images In the nearly four years since the Covid-19 pandemic upended air travel, the largest U.S. airlines have returned to … Read more

Lockheed Martin looks to acquire Terran Orbital for about $600 million

Lockheed Martin looks to acquire Terran Orbital for about 0 million

Terran Orbital’s banner above the New York Stock Exchange on March 28, 2022. Terran Orbital Lockheed Martin submitted a bid to acquire spacecraft manufacturer Terran Orbital, the defense giant revealed in a securities filing on Friday. The nonbinding proposal would see Lockheed acquire Terran Orbital’s outstanding common stock at $1 a share in cash, as … Read more

NASA shuts down Maxar-led OSAM-1 satellite refueling project

NASA shuts down Maxar-led OSAM-1 satellite refueling project

A “grapple test” of the spacecraft’s robotic servicing arm. NASA NASA is shutting down a $2 billion project to test satellite refueling in space, it announced on Friday, after the agency’s auditor criticized the program’s lead contractor Maxar for poor performance. The space agency said in a statement that the OSAM-1, or “On-orbit Servicing, Assembly, … Read more

Leonardo CEO says stupidity poses a bigger threat than AI

Leonardo CEO says stupidity poses a bigger threat than AI

Roberto Cingolani, chief executive officer of Leonardo SpA, during an interview in London, UK, on Tuesday, Jan. 23, 2024. Bloomberg | Bloomberg | Getty Images The chief executive of Italian defense group Leonardo said Friday that he’s more concerned about the “stupidity” of users of artificial intelligence rather than the threats posed by the technology itself. His comments … Read more

FAA gives Boeing 90 days to establish quality control plan

FAA gives Boeing 90 days to establish quality control plan

An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. Lindsey Wasson | Reuters The Federal Aviation Administration is giving Boeing 90 days to come up with a plan to improve quality control, the agency said Wednesday, less than two months after … Read more

Rocket Lab (RKLB) Q4 2023 results: Contract backlog grows

Rocket Lab (RKLB) Q4 2023 results: Contract backlog grows

An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab Rocket Lab is making steady progress on development of its Neutron vehicle, as the company reported fourth-quarter results that saw its contract backlog soar above $1 billion. The space company reported a net loss of $50.5 million, … Read more

FAA closes Starship investigation, SpaceX seeks next launch license

FAA closes Starship investigation, SpaceX seeks next launch license

SpaceX’s next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched from the company’s Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, on Nov. 18, 2023. Joe Skipper | Reuters The Federal Aviation Administration on Monday announced the close of its investigation alongside SpaceX into the second Starship flight, as Elon … Read more

First images from Intuitive Machines’ Odysseus

First images from Intuitive Machines’ Odysseus

Intuitive Machines CEO Steve Altemus explains how the company’s IM-1 lander tipped over on the moon’s surfacing during a NASA press conference on Feb. 22, 2023. NASA TV Intuitive Machines’ cargo lander, Odysseus, returned its first images from the moon’s surface over the weekend, as the spacecraft settles in to its lunar destination. The company’s … Read more

Electric air transport set to take off with air taxis, cargo deliveries

Electric air transport set to take off with air taxis, cargo deliveries

A model of a Wisk Aero LLC electric vertical takeoff and landing (eVTOL) air taxi during the Singapore Airshow in Singapore, on Wednesday, Feb. 21, 2024.  Bloomberg | Bloomberg | Getty Images SINGAPORE — Among displays of defense jets, passenger airliners and high-tech aviation equipment at the Singapore Airshow were electric air transport vehicles — … Read more

Why airlines are raising baggage fees and charging more at the airport

Why airlines are raising baggage fees and charging more at the airport

Travelers arrive for flights at O’Hare International Airport in Chicago on March 16, 2021. Scott Olson | Getty Images News | Getty Images Airlines are raising their prices to check a bag — again. Just how much you it will cost you, however, depends on when you pay for the service. United Airlines, American Airlines … Read more