SESA merger discussions terminate as Intelsat withdraws

A company jet is actively testing a cutting-edge satellite communications antenna for inflight Wi-Fi service. Intelsat Intelsat, a prominent U.S. satellite communications giant, has decided to discontinue merger negotiations with SES, a Luxembourg-based competitor, as confirmed by CNBC. According to an anonymous source familiar with the situation, Intelsat withdrew from the discussions due to diverging …

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Virgin Galactic (SPCE) successfully secures $300 million and endeavors to acquire an additional $400 million.

During the Unity 25 spaceflight on May 25, 2023, carrier aircraft VMS Eve released spacecraft VSS Unity before firing its rocket engine, marking the successful mission of Virgin Galactic. Virgin Galactic Virgin Galactic has successfully raised $300 million through an “at the market” offering of common stock, as revealed in a securities filing on Thursday. …

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Production Ceases at Spirit AeroSystems’ Wichita Plant, a Boeing Supplier

Aircraft fuselages intended for Boeing’s 737 Max production facility are awaiting shipment at Spirit AeroSystems Holdings Inc, the top supplier in Wichita, Kansas, USA (December 17, 2019). Nick Oxford | Reuters Boeing supplier Spirit AeroSystems has ceased operations at its Wichita, Kansas-based plant following a vote against a new labor agreement and in favor of …

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Qantas Aims to Shatter Records with the Resumption of Ultra-Long-Haul Flights

The first-class suite on Qantas’ ultra-long-range A350-1000. Courtesy: Qantas Long flights are experiencing a revival, indicating that airlines are optimistic about the recovery of international travel post-Covid. Qantas has recently launched a service between New York and Sydney, with a stop in Auckland, New Zealand, using Boeing 787 Dreamliners instead of the previous stop in …

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Virgin Galactic Schedules Inaugural Commercial Space Tourism Flight

Virgin Galactic’s spacecraft VSS Unity ignites its engine during the Unity 25 spaceflight on May 25, 2023. Virgin Galactic Virgin Galactic is set to launch its commercial space tourism service in late June. The company’s shares surged over 40% in after-hours trading on Thursday. Virgin Galactic announced on Thursday that its upcoming flight, called Galactic …

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House committee approves increase in pilot retirement age due to shortage

A commercial aviation crisis looms as the industry grapples with a shortage of pilots. To address this issue, a House panel has made a significant decision to raise the mandatory retirement age for commercial airline pilots. The age will be increased from 65 to 67, allowing more experienced pilots to continue their careers. The House …

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Results for Q1 2024 for the Planet (PL)

On June 6, 2023, SkySat captured an image of the breached Kakhovka dam in Ukraine. This image was published by Planet, a satellite-imagery and data-analysis company. However, shares of Planet fell after the company slashed its annual revenue guidance, following its first-quarter results released on Thursday. Planet lowered its guidance for fiscal-year 2024 revenue from …

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