VENTURE CAPITAL POST

An engine of Garuda Indonesia Flight 1105, a Boeing 747-400 carrying Muslim pilgrims to Mecca, caught fire during takeoff in Makassar airport, forcing the pilot to return to the runway in an emergency landing.

The US Justice Department has filed a lawsuit against Boeing for allegedly violating the 2021 agreement to defer any criminal prosecution about two 737 MAX crashes in 2018 and 2019.

Boeing scrubbed its attempt to launch its Starliner capsule named ‘Calypso’ on May 6, which was supposed to be a break for Boeing’s issues in its passenger jet operations.

The Federal Aviation Administration (FAA) on Friday announced new rules for air traffic controllers to rest at least 10 hours between shifts and 12 hours before a midnight shift.

United Airlines is temporarily suspending pilot hiring due to Boeing's production challenges, which affect United's operations.

The US Treasury Department has released the long-awaited guidelines for the Sustainable Aviation Fuel (SAF) tax credits.

Alaska Airlines has announced its plan to acquire rival Hawaiian Airlines for $1.9 billion.

Spirit Airlines is offering early departure packages to salaried employees.

Spirit Airlines is offering early departure packages to salaried employees.

Aurora Flight Sciences has been awarded a $89 million worth contract with a defense agency DARPA. The company is developing new design and technology that could enable its X-plane to do a vertical take-off, as well as hover and fly forward efficiently, potentially revolutionizing the military and commercial aviation sector.

The invention of Hoverbike, which is essentially half helicopter, half motorcycle, could be a game-changer in the field of aeronautics. Its prototypes are already being considered for future transportation and battle use.

Air France and KLM are planning to reinstate direct flights to Iran, now that the international sanctions regarding the country's nuclear ambitions are lifted. Iran also planned to request direct flight to the U.S, for the first time since the two countries broke their diplomatic relationship 36 years ago. Air France and KLM are expected to start flying to Iran within the next three months.

Over 250,000 drone owners registered their remote-controlled aircraft during the first month of the aviation agency's online registration system. The fresh set of rules came out after pilots complained about the drones flying near them.

After ruling the global aviation sector for over 40 years, the wide-body jumbo jets faces a threat of possible extinction. The Boeing 747 wide-body, long-range jumbo jet faces stiff competition from Airbus A-380. Boeing sees a drop in orders for jumbo jets while Airbus has not received an order for the double-decker A-380 after the major order it won from Emirates Airlines.

China revealed their first owned passenger plane manufactured by a Chinese initiative to compete with the leading global aircraft manufacturers for the largest passenger jetliners in Aviation market. Though, China is also among the mammoths in Aviation industry, the state still depends on Boeing and Airbus aircraft.