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☆ Top US general in Europe says Russia has in many ways 'grown back' its military strength to what it was before it invaded Ukraine
▼ + stars: | 2024-04-11 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

Advertisement"They still have as many tanks functioning inside Ukraine as they introduced at the beginning of the war," Cavoli said. The size of Russia's army has exceeded the size it was when it had first invaded Ukraine in 2022. Supreme Allied Commander Europe, General Christopher Cavoli addresses a media conference at NATO headquarters in Brussels, Thursday, Jan. 18, 2024. AdvertisementThe war in Ukraine has left certain elements of the Russian military untouched, and the Russians maintain certain key advantages in industrial, war materiel, and manpower. To stave off Russian forces while waiting for much-needed ammunition and aid, Ukraine has resorted to primarily using drones in combat, but these are no substitute for what Ukraine really needs.

Persons: —, Chris Cavoli, Cavoli, They've, Kurt Campbell's, General Christopher Cavoli, Virginia Mayo Cavoli Organizations: Service, US European Command, Armed, Business, Allied, NATO, AP, Royal United Services Institute Locations: Ukraine, Russia, Brussels, Virginia, London, Kharkiv

☆ Who can fix Boeing? Here are some potential CEO candidates
▼ + stars: | 2024-03-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

New York CNN —Since its founding by William Boeing more than a century ago, the Boeing Company has had 12 CEOs. What Boeing wants in its new CEOWhen picking a new CEO, the company likely has two pools of choices. Or it can once again pick a leader like outgoing CEO Calhoun, who has a financial background and an undergraduate degree in accounting. Spirit was the only one to comment, but it did not address the possibility of Shanahan becoming Boeing CEO. Culp has an undergraduate degree in economics and an MBA from Harvard, a business background more than an engineering background.

Persons: William Boeing, Dave Calhoun, Calhoun, “, ”, Sir Tim Clark, ” Calhoun, “ It’s, Richard Aboulafia, Pat Shanahan Pat Shanahan, Donald Trump, Shanahan, “ Mr, Joe Buccino, Larry Culp Larry Culp, Jack Welch, Culp, Aboulafia, Kathy Warden Kathy Warden, Northrop Grumman, Northrop, Warden, ” Aboulafia, Mary Barra, Greg Smith Greg Smith, Smith, Alan Mulally Aboulafia, Alan Mulally, Ford, Mulally, It’s, Ron Epstein, ’, Stephanie Pope, Brian West, Pope, West, Elizabeth Lund Organizations: New, New York CNN, Boeing Company, Boeing, Alaska Airlines, Emirates Airlines, CNBC, US Department of Defense, CNN, General Electric, GE Aerospace, GE, Danaher Corp, Harvard, Northrop, General Motors, Barra, American Airlines, Ford, Detroit, GM, DaimlerChrysler, Chrysler, of America, Airplanes, GE Aviation, Services, Boeing Commercial Airplanes Locations: New York, American, Calhoun

☆ Poland activates aircraft after Russia attacks Ukraine’s west
▼ + stars: | 2024-03-24 | by ( Heather Chen | ) edition.cnn.com time to read: +1 min

CNN —Poland said it had activated aircraft Sunday morning to “ensure the security” of its airspace after Russia launched missiles and drones targeting Ukraine’s western Lviv region. Lviv mayor Andrii Sadovyi said the missiles had targeted critical infrastructure, but that no hits were reported in the city. Meanwhile, Kyiv mayor Vitali Klitschko said on Telegram that a series of blasts had occurred in the Ukrainian capital, with missile fragments falling in the Desnianskyi district. He added that fire and rescue units were heading to the scene. This is a developing story and will be updated.

Persons: CNN —, Andrii Sadovyi, Vitali Klitschko, ” Klitschko Organizations: CNN, Operational Command, Russian Federation, Lviv, Command Locations: CNN — Poland, Russia, Lviv, Polish, Russian, Kyiv, Desnianskyi

☆ He thought the guy he met on vacation was just a fling. He turned out to be the love of his life
▼ + stars: | 2024-02-23 | by ( Francesca Street | ) edition.cnn.com time to read: +21 min

Guillermo was looking forward to meeting Larry, expecting “some casual fun.”Then, when Guillermo and Larry met, there was “chemistry” right away. “Palm Springs had seats, so I booked my standby flight, got to Palm Springs, checked into this resort. Then, a few days after meeting Larry, Guillermo got an unexpected phone call from his mother in Costa Rica. Guillermo’s love of flying meant that, for him, the four-hour journey across the country was part of the fun. The last piece of the puzzleGuillermo and Larry love to travel together, here they are in Florence, Italy.

Persons: Guillermo Barrantes, Larry Mock, ” Guillermo, Guillermo, wasn’t, “, –, ”, Larry, Guillermo swiped, who’d, Larry’s workdays, he’d, – Guillermo, ‘, ’ ” Guillermo, Guillermo’s, compartmentalize, Guillermo Barrantes “, confiding, ’ ”, Larry . Long, Guillermo “, ” Larry, “ Love, Guillermo didn’t, peppering, Larry – who’d, they’d, Adele, hadn’t, Guillermo wasn’t, don’t, didn’t, Larry’s, Here's Guillermo, Heather Thompson, ” “, Rihanna, Larry –, sipped, they’ve Organizations: CNN, CNN Travel, American Airlines, “, Palm, Logan Airport, Dallas, San, Dallas Arboretum Locations: Palm Springs, California, Boston , Massachusetts, Texas, Palm, Dallas , Texas, Springs, Costa Rica, Boston, Dallas, Boston’s, Logan, Guillermo’s city, Delta, San Francisco, Hawaii, Florence, Italy

☆ Few things worry NATO like Russia's Yasen-class submarines, and Moscow may be planning to build even more of them
▼ + stars: | 2023-12-05 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

Despite high-profile losses, Russia's navy has been largely untouched by the war in Ukraine. Russian submarines, especially Yasen-class cruise-missile subs, are a top concern for NATO. A Russian defense industry source told state media outlet Tass in mid-2022 that Moscow was considering adding two more subs to the nine Yasen-class subs it had planned to build. AdvertisementYasen-class sub Severodvinsk during its launch ceremony at a shipyard in the city of Severodvinsk in June 2010. AdvertisementRussian Yasen-class sub Kazan at its home base in Severomorsk in June 2021.

Persons: —, Sasha Mordovets, Glen VanHerck, Lev Fedoseyev, Ine Eriksen Søreide, Jim Mattis, Severodvinsk, Adm, Michael Studeman, LPhot Dan Rosenbaum, Ben Key, what's Organizations: NATO, Service, Tass, US Northern Command, Zircon, Getty, Naval Sea Systems Command, US, Pentagon, CBS News, Chatham, of Naval Intelligence, Russia's, British Royal Navy, US Navy, British navy's Locations: Ukraine, Russian, Russia, Moscow, Northern, Pacific, Severodvinsk, Europe, North America, Severomorsk, Washington DC, NATO, Soviet, Western

☆ Russia's bomber fleet hasn't fired cruise missiles at Ukraine for a month, a sign its stocks are dwindling, UK intel says
▼ + stars: | 2023-10-27 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia's heavy bomber aircraft haven't fired cruise missiles at Ukraine in more than a month, UK intel said. The UK MOD said that's "one of the longest gaps in such strikes since the conflict began." AdvertisementAdvertisementRussia's fleet of heavy bomber aircraft have not fired cruise missiles at Ukraine in more than a month, according to UK intelligence. AdvertisementAdvertisementUsing those bombers to launch cruise missiles had been Russia's "primary method" for precision strikes, even though it does have other ways of hitting Ukraine, the UK MOD said. Cruise missiles can also be fired from the ground or the sea as well as from planes, but Russia favors strikes launched from aircraft.

Persons: —, Volodymyr Zelenskyy Organizations: intel, MOD, Service, Ministry of Defence, Aviation Locations: Ukraine, Russia, Ukrainian

☆ Russian Strategic Bombers Patrol Over Sea of Japan - Defence Ministry
▼ + stars: | 2023-10-17 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

MOSCOW (Reuters) - Russia's defence ministry on Tuesday said two Tu-95 strategic bombers had carried out a seven-hour flight over the Sea of Japan, accompanied by Su-35 fighter jets. "The flight was carried out in strict accordance with international rules for using airspace," Lieutenant General Sergei Kobylash, long-range aviation commander, said in a statement. "Long-range aviation pilots regularly carry out flights over the neutral waters of the Arctic, North Atlantic, Black and Baltic Seas, and Pacific Ocean," Kobylash said. (Reporting by Reuters; Writing by Alexander Marrow; Editing by Christina Fincher and Kevin Liffey)

Persons: Su, Sergei Kobylash, Kobylash, Alexander Marrow, Christina Fincher, Kevin Liffey Organizations: Reuters Locations: MOSCOW, Japan, North Atlantic, Baltic

☆ Photo emerges of Su-34 fighter-bomber covered with tires days after Russian bombers were spotted with the same
▼ + stars: | 2023-09-08 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

A photo surfaced online showing a Russian Su-34 fighter-bomber covered in tires. The photo appeared just days after satellite images showed Russian bombers also covered in tires. The approach comes after drone strikes have bombarded Russian air bases, costing the country both bombers and airlift planes. In the photo, which Insider has been unable to independently verify, the Sukhoi Su-34 fighter-bomber, known to NATO as the Fullback, looks to be exposed in the open but is partially wrapped in a canopy. The image of the Su-34 is similar to satellite images of Tu-95 bombers and Tu-160 heavy bombers shared online last week.

Persons: aren't, Sukhoi Su Organizations: Service, Russian Air Force, Russian, NATO, Aviation, Ilyushin, Ukraine's, Directorate of Intelligence, Russia Locations: Russian, Wall, Silicon, Ukraine, Russia, Pskov, Soviet, Russia's

☆ A Backfire bomber being blown apart deep inside Russia's territory is the latest in a string of glaring failures to protect its strategic bases
▼ + stars: | 2023-08-23 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Last weekend, an apparent drone strike destroyed a prized Russian Tu-22M3 Backfire bomber. The attack occurred far from the front lines of the war and may have been launched from inside Russia. The strike on a vulnerable Tupolev Tu-22M3 Backfire bomber is part of a growing list of Russian failures to protect its critical bases and vital aerial assets. If that's the case, it may speak to both Ukraine's expanding ability to threaten domestic Russian air bases and Russia's inability to protect them. AdvertisementAdvertisementIn the aftermath of the Tu-22M3 attack, there's a question of how Russia might adapt.

Persons: — Engels, Samuel Bendett, they're, Bendett, ALEXANDER NEMENOV, It's, Ukraine Anton Gerashchenko Organizations: Service, Russian Defense Ministry, Aviation, Center for Naval Analyses, Russia, Russian Aerospace Forces, NATO, Russian Defence Ministry, Kremlin, Nazi, Getty, Internal Affairs, Mobility Artillery, Systems Locations: Russian, Russia, Wall, Silicon, Ukraine, St . Petersburg, Saratov, Ryazan, Moscow, Novgorod Oblast, Russia's, Nazi Germany, AFP, Murmansk, Finland

☆ UK says a supersonic Russian bomber likely to have been destroyed in drone attack
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Host Photo Agency/RIA Novosti/File Photo Acquire Licensing RightsAug 22 (Reuters) - British military intelligence said on Tuesday that a weekend drone attack on an airfield deep inside Russia which Moscow blamed on Ukraine is highly likely to have destroyed a TU-22M3 supersonic long-range bomber. Kyiv, which on Monday claimed to have attacked another Russian military airfield, says Russia has used the TU-22M3 to bomb targets across Ukraine. Russia's Defence Ministry said on Saturday that a military airfield in the Novgorod region where such planes are stationed had been attacked by a Ukrainian drone and one plane had been damaged. 'SUCCESSFUL ATTACK'In one of its regular updates on Ukraine, British military intelligence said that "a Tu-22M3 BACKFIRE medium bomber of Russia's Long Range Aviation (LRA) was highly likely destroyed at Soltsy-2 Air base in Novgorod Oblast, 650 km (403 miles) away from Ukraine’s border". Russia has often used supersonic TU-22M3 planes to bomb Ukraine, it added, criticising what it called the "notoriously inaccurate" heavy anti-ship missiles which the plane fires.

Persons: Andrew Osborn, Gareth Jones, Giles Elgood Organizations: Tupolev, REUTERS, Agency, RIA, Moscow, Russia's Defence, Aviation, Thomson Locations: Moscow, Russia, Ukraine, Kyiv, Novgorod, Ukrainian, British, Soltsy, Novgorod Oblast, Ukraine’s

☆ Inside China's spy war on American corporations
▼ + stars: | 2023-06-21 | by ( Eamon Javers | ) www.cnbc.com time to read: +6 min

Top intelligence and law enforcement officials in Washington are issuing a stark warning to American companies: The Chinese government wants to replace you. Asked whether the Chinese government wants to compete with or eliminate American companies, FBI Director Christopher Wray told CNBC: "Well, their definition of competing, I think, involves embracing the idea of eliminating." The paid-in foreign investment reached 127.69 billion yuan, up 14.5% year on year. Foreign companies including US investors have been upbeat about the China market and plan to expand in China. Former GE engineer David Zheng and GE Aerospace also declined to comment.

Persons: Christopher Wray, Sen, Marco Rubio, Rubio, Mark Warner, …, Warner, Xu Yanjun, Xu, James Olson, Xu Yanjun's, David Zheng, – CNBC's Katherine Liu, Bria Cousins, Laura Measher, Wally Griffith Organizations: CNBC, American, Democrat, World Trade, Ministry of State Security, GE, Boeing, Honeywell, GE Aviation, FBI, CIA, American Chamber of Commerce, Business Environment, US Department of Commerce, GE Aerospace Locations: Washington, America, U.S, China, Nanjing, Cincinnati, South China, reinvest

☆ Jefferies upgrades this multinational on continued growth in the aerospace sector
▼ + stars: | 2023-04-20 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Jefferies thinks a storied multinational can benefit from strong growth in its aerospace segment. Jefferies posits that GE will grow its aerospace sector sales by 16% in 2023 to $30.2 billion. GE YTD mountain General Electric could continue to benefit from the growth of its aerospace segment, according to a Thursday note from Jefferies. "GE Aerospace will have a clearer story to tell following the GE Vernova spin in early 2024, which we believe is one of the better positioned stories to the aerospace ramp," Jefferies equity analyst Sheila Kahyaoglu wrote on Thursday. Aerospace margins could also grow to 20% by 2025, Kahyaoglu said, although operating expenses will continue to add pressure.

☆ India's SpiceJet posts surge in Q3 passenger revenue on travel rebound
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Feb 24 (Reuters) - India's SpiceJet Ltd (SPJT.NS) reported a 33% surge in third-quarter passenger revenue on Friday as the low-cost carrier flew more customers at higher fares amid a boom in travel demand, sending shares up 13% to a two-month high. The results come as the cash-strapped airline looks to raise capital with competition heating up in the industry. A rebound in passenger travel ensured strength in revenue for airlines like SpiceJet and rival IndiGo (INGL.NS). For the quarter ended Dec. 31, SpiceJet's passenger revenue surged 33% as yields, a proxy for airfares, jumped 21%. ($1 = 82.7550 Indian rupees)Reporting by Nallur Sethuraman and Chris Thomas in Bengaluru; Editing by Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

☆ Russian bombers intercepted by NORAD near Alaska
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +2 min

[1/4] A Russian Tu-95MS strategic bomber performs a flight over the neutral waters of the Bering Sea, in this still image taken from a handout video released February 14, 2023. Russian Defence Ministry/Handout via REUTERSFeb 15 (Reuters) - Several Russian strategic bombers and fighter jets have been intercepted by North American air defence forces as they flew over international airspace near Alaska, the North American Aerospace Defence Command (NORAD) said. "NORAD had anticipated this Russian activity ... Two NORAD F-16 fighters intercepted the Russian aircraft," it said. Russia said on Wednesday that it had carried out several flights over international waters in recent days, including in the Bering Sea between Alaska and Russia. "Long-range aviation pilots regularly perform flights over the neutral waters of the Arctic, North Atlantic, Black Sea, Baltic Sea and Pacific Ocean," Russia's defence ministry said.

☆ Airbus withdraws from U.S. FAA Boeing safety culture panel
▼ + stars: | 2023-01-13 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 13 (Reuters) - European planemaker Airbus (AIR.PA) said it had withdrawn from a U.S. government-named panel reviewing Boeing’s (BA.N) safety processes and how they influence Boeing safety culture after two fatal 737 MAX crashes in recent years killed 346 people. Congress directed the agency to appoint a panel by early 2021, but the FAA missed that deadline. Boeing last week declined to comment on the panel, but previously emphasized it has significantly reformed its safety culture after the MAX crashes cost it more than $20 billion. read moreIn May, the FAA opted to renew Boeing's Organization Designation Authorization (ODA) program for three years rather than the five years Boeing sought. The FAA continues to subject Boeing to enhanced oversight, inspecting all new Boeing 737 MAXs and 787s before they can be delivered.

☆ U.S. FAA names experts to review Boeing safety culture after fatal crashes
▼ + stars: | 2023-01-05 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 5 (Reuters) - The Federal Aviation Administration (FAA) said Thursday it had named 24 experts to review Boeing’s safety management processes and how they influence Boeing’s safety culture after two fatal 737 MAX crashes killed 346 people. Boeing did not immediately comment Thursday, but has previously emphasized it has made reforms to its safety culture that cost the company billions of dollars. In September, the FAA finalized a policy to protect aviation employees who perform government certification duties from interference by Boeing and others. In May, the FAA opted to renew Boeing's Organization Designation Authorization (ODA) program for three years rather than the five years Boeing sought. The FAA continues to subject Boeing to enhanced oversight, inspecting all new Boeing 737 MAXs and 787s before they can be delivered.

☆ Russia's long-range air force to get new hypersonic missiles - Interfax
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: 1 min

MOSCOW, Dec 26 (Reuters) - Russia's long-range air forces are to be refitted with new wing-borne hypersonic missiles, the Interfax news agency reported on Monday, citing the force's commanding officer. "In the interests of long-range aviation, the development and supply of the entire range of aviation weapons, including new cruise hypersonic missiles, is being carried out," Interfax cited the commander, Sergei Kobylash, as saying in an interview with the Russian defence ministry's newspaper. Russia's fleet of long-range bombers are part of its nuclear triad, and are capable of launching both nuclear and conventional missiles. Reporting by Reuters; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

☆ Russia's story on the mysterious explosions that rocked bases housing strategic bombers acknowledges a glaring weakness
▼ + stars: | 2022-12-05 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

On Monday, Russia blamed Ukraine for explosions at two air bases home to strategic bombers. The attacks were carried out with "Soviet-era" drones, per Russia's Ministry of Defense. If true, that is a "baffling" admission, military expert Samuel Bendett told Insider. "Baffling," Samuel Bendett, a military expert with the Center for Naval Analysis, a Washington think tank, said in an interview. Neither Ukraine nor Russia claimed it was theirs, but the incident showed the craft is still being used today.

[1/3] Firefighters work outside an office building destroyed in shelling in the course of Russia-Ukraine conflict in Donetsk, Russian-controlled Ukraine, Ukraine December 5, 2022. A new Russian missile barrage had been anticipated in Ukraine for days and it took place just as emergency blackouts were due to end, with previous damage repaired. "In many regions, there will have to be emergency blackouts," he said in a late Monday video address. The United States said it would convene a virtual meeting on Thursday with oil and gas executives to discuss how it can support Ukrainian energy infrastructure, according to a letter seen by Reuters. Russia says it is waging a "special military operation" in Ukraine to rid it of nationalists and protect Russian-speaking communities.

A Chinese intelligence officer convicted of conspiring and attempting to steal sensitive trade secrets from a U.S. company was sentenced Wednesday to 20 years in federal prison. The Justice Department had asked that Yanjun Xu, 42, get 25 years behind bars for his "very extensive" yearslong scheme to steal secrets from U.S. aviation companies. Luke Sharrett / Bloomberg via Getty Images fileXu is the first Chinese intelligence officer to be extradited to the U.S. to face criminal charges, Justice Department officials said. "Xu targeted multiple employees at multiple international aviation companies over multiple years. They noted that his scheme to steal secrets from GE wasn’t successful and said he was just following his country's orders.

WASHINGTON, Nov 16 (Reuters) - A U.S. federal court in Cincinnati sentenced a Chinese national to 20 years in prison on Wednesday after he was convicted last year of plotting to steal trade secrets from several U.S. aviation and aerospace companies, the Justice Department said. Xu Yanjun, the first Chinese spy extradited to the United States for trial, was convicted in Nov. 2021 by a federal jury on counts of conspiring and attempting to commit economic espionage and trade secret theft. Xu, 42, accused of being a career intelligence officer for China's Ministry of State Security, was detained in Belgium in 2018 after a probe by the Federal Bureau of Investigation. U.S. officials say the Chinese government poses the biggest long-term threat to U.S. economic and national security, and is carrying out unprecedented efforts to steal critical technology from U.S. businesses and researchers. FBI Director Christopher Wray has said his agency opens a new counterintelligence case related to China about twice a day.

☆ The world's largest jet engine maker confirms it won't develop supersonic engines for Boom, leaving the startup with few options
▼ + stars: | 2022-10-21 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

CFM International told media on Sunday that the company has no plans to build a supersonic engine for Boom. Colorado-based startup Boom Supersonic is developing an ultra-high-speed jet, known as Overture, that could catapult travelers from New York to London in less than four hours. But, there is one problem — no engine makers want to help Boom create a supersonic engine. Engine maker Rolls-Royce was at one point a contender, having signed an "engagement agreement" with Boom in 2020 to look into a supersonic engine. However, if Boom is able to pull off creating a supersonic engine, it could give the company a big advantage in the industry.

☆ 6 top battery players vying to power the $27.7 billion electric-airplane business
▼ + stars: | 2022-10-10 | by ( Andrew Moseman | ) www.businessinsider.com time to read: +6 min

While today's technology doesn't allow for battery-powered long-range airliners, plenty of companies are working on short- and medium-range electric aircraft. The global market for electric aircraft is estimated to have reached $7.9 billion in 2021, according to market research company MarketsandMarkets. It's projected to reach $27.7 billion by 2030, and building the batteries to power those aircraft could be a billion-dollar market by 2030. Electric Power SystemsCEO: Nathan MillecamHQ: North Logan, UtahNASA's X-57 Maxwell, meant to prove the potential of electric flight, uses Epic batteries built by Electric Power Systems. Those lithium-ion cells need to become more efficient, however, for Eviation to reach its goal of flying hundreds of miles on only electric power.

☆ Supersonic jet startup Boom's future is in doubt after every major jet-engine maker refuses to help
▼ + stars: | 2022-09-18 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Travel analyst Henry Harteveldt told Insider that Boom may build its own engine, which could be advantageous. However, Rolls-Royce told AIN Online in early September that it has since left the table. "We've completed our contract with Boom and delivered various engineering studies for their Overture supersonic program," Rolls-Royce said. "As a practice, we avoid commenting on any ongoing and confidential negotiation with our suppliers, until both sides are ready to announce jointly," Boom told Insider on Friday. "However, we can reconfirm our intention to announce Boom's selected engine partner and transformational approach for reliable, cost-effective, and sustainable supersonic flight, later this year."

☆ Meet 11 people leading the aviation industry's push to slash emissions and ditch fossil fuels
▼ + stars: | 2022-05-31 | by ( Maia Anderson | ) www.businessinsider.com time to read: +14 min

Experts have estimated that aviation is responsible for nearly 2% of global greenhouse-gas emissions and 2.5% of carbon-dioxide emissions. Some aviation giants, like United, are signing purchase agreements to buy electric aircraft. Today he serves as CEO and chairman of the company, which aims to be a pioneer in electric aircraft. In 2000 he founded Aviation Technology Group, which developed the ATG Javelin very light jet before ceasing operations in 2007. He is also a founding member of the Nordic Network for Electric Aviation.

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