Tag: aviation

U.S. Senate passes sweeping aviation safety, consumer bill. What to know

Increased consumer protections may be on the way for airline passengers after a Federal Aviation Administration reauthorization bill was passed by the Senate last week. Sen. Chuck Schumer announced the Senate’s passage of the five-year, $105 billion bill Friday. “It’s a win-win-win: a win for our Upstate NY airports, a win for safety and win […]

Air Force secretary gets taste of future of aviation combat in AI-piloted craft

May 4 (UPI) — An AI-piloted experimental fighter gave Secretary of the Air Force Frank Kendall a glimpse of the future during a relatively low-speed demonstration flight this week. Kendall was aboard the VISTA X-62A experimental craft Thursday at Edwards Air Force Base in California when it undertook several tactical maneuvers while responding to simulated […]

Biden administration details how producers of sustainable aviation fuel will get tax credits

The Biden administration spelled out guidelines Tuesday for tax breaks designed to boost production of sustainable aviation fuel and help curb fast-growing emissions from commercial airplanes. The Treasury Department actions would clear the way for tax credits for corn-based ethanol if producers follow “climate-smart agriculture practices,” including using certain fertilizers and farming methods. The announcement […]

Federal Aviation Administration awards more than $3 million to the Grand Forks Regional Airport Authority

Apr. 25—GRAND FORKS — The Grand Forks Regional Airport Authority will receive $2,918,323 for the reconstruction of 4,206 feet of airport runway. The reconstruction will help maintain the pavement’s structural integrity and minimize foreign object debris, according to a press release from U.S. Sen. Kevin Cramer. The U.S. Department of Transportation’s Federal Aviation Administration recently […]

UPDATE 2-RTX beats estimates on military demand, aviation strength

(Adds comments from CFO) By Pratyush Thakur and Mike Stone April 23 (Reuters) – Aerospace and defense major RTX on Tuesday beat first-quarter earnings estimates, helped by demand for missile defense systems and strength in the commercial aftermarket business. The aftermarket business gained as airlines had to extend the service life of aircraft to keep […]

RTX profit jumps 20% on aviation strength, military demand

By Pratyush Thakur and Mike Stone (Reuters) – Aerospace and defense major RTX on Tuesday reported a 20% jump in its first-quarter profit, helped by robust commercial aftermarket business and military equipment demand. The Arlington, Virginia-based company reported net income of $1.71 billion, or $1.28 per share, for the quarter ended March 31, compared with […]