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☆ 'There's a significant number of upside opportunities': A top-3% fund manager shares 9 of his favorite investments to make now — and why China's economy is in big trouble
▼ + stars: | 2023-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Leading fund manager Mark Costa operates in one of the toughest parts of global markets: the foreign small- and mid-cap value category. In the past decade, his Brandes International Small Cap Value Fund (BISAX) has outperformed 91% of its peers despite logging a modest 4.8% annual return in that span. Of the 11 years that Costa has co-managed the fund, 2023 is shaping up to be one of the best. His foreign-focused small-cap value fund is up 25.3% year-to-date compared to 6% for its index, which puts it in the top 3% of its category, according to Morningstar. The best opportunities Costa sees in Japan are in its regional banking and healthcare industries.

Persons: Mark Costa, he's, Brandes, Costa, Morningstar, Costa wasn't, we've, Yue Yuen, We've, they've Organizations: Costa, Value, PAX, Companies, Royce, C Locations: China, it's, Hong Kong, Indonesia, People's Republic, Europe, Japan, United Kingdom

☆ Airbus nears decision on new planemaking leadership - sources
▼ + stars: | 2023-09-15 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

[1/2] An Airbus logo is pictured at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. Industry sources said a final decision on the shake-up was likely in coming weeks, capping weeks of speculation after Reuters reported the looming reorganisation in July. Airbus Helicopters CEO Bruno Even had earlier been cited as a possible candidate for the top planemaking role. But the focus of speculation has widened to Chief Commercial Officer Christian Scherer, a veteran of the Airbus planemaking business who has also had stints at the Defence division and in running turboprop joint-venture ATR, industry sources said. His appointment would herald broad continuity at the company's main planemaking business, which accounts for most of the company's revenue.

Persons: Benoit Tessier, Christian Scherer, Guillaume Faury, Bruno, Scherer, Tim Hepher, Louise Heavens Organizations: Airbus, Paris, REUTERS, Rights, Industry, Reuters, Airbus Helicopters, Defence, France, Jefferies, Bombardier, Pratt, Whitney, Airbus Defence & Space, Military Air Systems, FCAS, Thomson Locations: Le Bourget, Paris, France, Ukraine, Germany, United States

A highly anticipated report published by NASA on Thursday underscored challenges to understanding unidentified anomalous phenomena, or UAP, including stigma and poor data quality. The report, which comes from NASA’s UAP Independent Study Team, found no evidence to suggest that UFOs have an extraterrestrial origin. “The NASA independent study team did not find any evidence that UAP have an extra terrestrial origin,” Nelson said. “Stigma has limited reporting by pilots, both civilian and military,” David Spergel, chair of the UAP Independent Study Team, said at the press briefing. When asked during a briefing in May why the team doesn’t use the term UFO for the report, Evans said “because of the stigma associated with UFOs.”

Persons: Bill Nelson, ” Nelson, ”, “, Daniel Evans, ” David Spergel, Evans Organizations: NASA, NASA’s, UAP

☆ Investing in Space: Beyond the battlefield
▼ + stars: | 2023-09-12 | by ( Morgan Brennan | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. "Defense happens to be our largest customer and market that we serve, but we make systems that go beyond in terms of applications, to more product lines or capabilities have very direct implications to space," Nawabi said on CNBC's "Manifest Space" podcast. It's best known perhaps for the design and development of the Mars Ingenuity helicopter with NASA's Jet Propulsion Laboratory. Recently, however, Ingenuity conducted its 57th flight, surpassing 100 minutes of total Mars flight time. The lessons learned from this endeavor will also apparently bolster the emerging space robotics business.

Persons: CNBC's Michael Sheetz, Morgan Brennan, Michael Sheetz, AeroVironment, Wahid Nawabi, Nawabi, There's Organizations: CNBC, Revenue, NASA's Jet Propulsion Laboratory, NASA, Softbank, Airbus, FAA Locations: Ukraine, Simi Valley, Calif

☆ Putin and Kim Jong Un have been trading letters as secret talks on getting North Korean weapons into Russia's hands are 'actively advancing,' White House says
▼ + stars: | 2023-08-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Arms negotiations between Russia and North Korea are "advancing," a White House official said. Several months later, the White House disclosed that Russia had gone as far as to offer food to impoverished North Korea in exchange for military aid. He asserted that the US will take action by sanctioning individuals and entities "working to facilitate arms deals between these two countries." The Biden administration's new warning about Russia's quest for military support on Wednesday comes as Ukrainian forces continue to make slow and steady territorial gains amid their grueling counteroffensive in the eastern and southern regions. Despite criticism and concerns from some in the West about Ukraine's progress, Washington and its NATO allies have asserted their commitment to providing Kyiv with military support.

Persons: Putin, Kim Jong Un, Sergei Shoigu, Vladimir Putin, Kim Jong, John Kirby, Shoigu's, Kirby, Biden, Washington, We're, Bram Janssen, Janet Yellen Organizations: White, Service, Russia, Defense, Artillery, North, National Security, DPRK, Democratic People's, Russia's, Russian, Korean Central News Agency, KCNA, REUTERS, US, Wagner Group, Kremlin, White House, United Nations, AP, US Treasury Department, Slovakian, NATO, Pentagon Locations: Russia, North Korea, Wall, Silicon, Russia North Korea, Moscow, Ukraine, Russian, Pyongyang, North Korean, Korea, Democratic People's Republic of Korea, Iran, DPRK, Washington

☆ Your boarding pass and weight, please: Why airlines are asking passengers to step on the scales
▼ + stars: | 2023-08-28 | by ( Monica Pitrelli | Marylou Costa | ) www.cnbc.com time to read: +8 min

Starting Monday, passengers flying on Korean Air may be asked to step on a scale before boarding their flight. Is it reasonable to weigh passengers? "Fuel is 20 times more than the passenger weight," he said. Where airlines weigh passengersAir New Zealand weighed passengers in June for reasons, it said, related to safety and fuel efficiency. Commercial airline seating is based on average passenger weight from the 1950s to 1970s, Hilderman said.

Persons: —, Vance Hilderman, Shem Malmquist, Hilderman, we're, Jose Silva, Finnair, Nick Gausling, Gausling, Tigress Osborn, Jodi Jacobson Organizations: Korean, Korean Air, CNBC, Gimpo, Incheon Airport, Bombardier, Embraer, Aviation, Istock, Florida Tech's College of Aeronautics, Transport & Health, RMIT University's School of Engineering, U.S . Federal Aviation Administration, New Zealand, Hawaiian Air, Samoa Air, Reuters, Flyers, European Union Aviation Safety Agency, International Civil Aviation Organization, Romy Group, National Association Locations: Honolulu, American Samoa, United States, Europe

☆ Dangerously close near-miss incidents across the US are a wakeup call to the aviation industry
▼ + stars: | 2023-08-23 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

The New York Times cited a shortage of air traffic controllers as a significant factor in the string of close calls. During breakout sessions at the safety summit, officials offered theories like inexperienced first officers and overworked air traffic controllers as contributing to the near-disasters. The Times pointed to the challenges surrounding air traffic controllers, in particular, as a root cause. "Air traffic controllers and pilots all play critical roles." While technology is important, Brickhouse says humans are still essential to aviation safety.

Persons: John F, Billy Nolen, Anna Moneymaker, Tim Arel, Anthony Brickhouse, Kathleen Bangs, Tami Chappell, Austin isn't, Brickhouse Organizations: Federal Aviation Administration, New York Times, Morning, Delta Air Lines Boeing, Kennedy International Airport, American Airlines Boeing, Delta, FedEx Boeing, Southwest Boeing, JetBlue Airways, Times, Frontier Airlines, Southwest Airlines, Boeing, FAA, Air Traffic Organization, Embry Riddle Aeronautical University, Delta Air Lines, Hartsfield Jackson, International Airport, REUTERS, Southwest, FedEx, New, JFK, Aviation Locations: Austin , Texas, Denver, Tenerife, Spain, Atlanta , Georgia, U.S, Austin, New York

☆ Airline close calls have been happening multiple times per week, report finds
▼ + stars: | 2023-08-21 | by ( Hannah Towey | ) www.businessinsider.com time to read: +4 min

On average, there have been multiple airline close calls per week so far this year, the report says. Several of the close calls were linked to mistakes by air traffic controllers, a workforce that's severely understaffedA government audit released in June found that 77% of critical air traffic control facilities in the US are staffed below the recommended threshold. Shaun Best/ReutersClose-call incidents are often the result of human error, such as mistakes made by air traffic controllers and pilots, the investigation found. The US continues to face a shortage of air traffic controllers, with 77% of critical air traffic control facilities in the US staffed below the recommended threshold, according to a government audit released in June. Are you an air traffic controller or training to become one?

Persons: It's, Shaun Best, General Organizations: New York Times, Federal Aviation Administration, Times, Southwest Airlines, FAA, Safety, Reuters, Transportation Department Locations: San Diego

An Embraer E195-E2 Profit Hunter aircraft is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier//File PhotoSAO PAULO, Aug 14 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday shot past market estimates for second-quarter results, with its chief executive voicing optimism about upcoming quarters for the company. "Despite the supply chain challenges, we are very optimistic about this year after a good Q2," Gomes Neto said. "We're working hard so next year we can better spread out production and deliveries throughout the year, which will further improve the company's performance," Gomes Neto added. The planemaker reported a 25% increase in second quarter adjusted net profit to $57.9 million, more than double the $24.3 million forecast by analysts polled by Refinitiv.

Persons: Benoit Tessier, Francisco Gomes Neto, Gomes Neto, BTG Pactual, Gabriel Araujo, Jason Neely, Barbara Lewis, Sharon Singleton Organizations: Embraer, Hunter, International Paris Air, Le, REUTERS, SAO PAULO, EMBR3, Airbus, Boeing, Refinitiv, JPMorgan, Thomson Locations: Le Bourget, Paris, France

☆ In a desperate scramble for ammo, Russia's defense chief flew all the way to North Korea to beg for some of theirs
▼ + stars: | 2023-08-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Russia's defense chief traveled to North Korea recently to try and secure more ammunition. Shoigu went to Pyongyang "in a bid to convince North Korea to sell munitions to Russia to support Russia's war," Kirby added. Kirby said on Thursday that any arms deal between Russia and North Korea would be in violation of United Nations Security Council resolutions. North Korean leader Kim Jong Un walks with Russian Defense Minister Sergei Shoigu in Pyongyang, North Korea, on July 27, 2023. Iran has outfitted Russia's military with explosive drones that Moscow has used for nearly a year to attack Ukrainian cities and the country's civil infrastructure.

Persons: Vladimir Putin's, Biden, Vladimir Putin, Sergei Shoigu, Shoigu, Kim Jong Un, John Kirby, Kirby, Li Hongzhong, Kim, Kim Jong, Putin, he's, Volodymyr Zelenskyy, there's Organizations: White, US, Service, Russian, North, DPRK, Ukraine, National Security, Democratic People's, Chinese Communist Party, Russia's, Korean Central News Agency, KCNA, REUTERS, Korean, Wagner Group, US Treasury Department, Slovakian, United Nations, Russian Defense Locations: North Korea, Ukraine, Russia, Wall, Silicon, Moscow, North Korean, Democratic People's Republic of Korea, Pyongyang, REUTERS North Korea, Korea, Iran, China, Washington, Beijing

CNN —A mysterious cylinder that washed ashore in Western Australia is debris from an Indian space launch, authorities in both countries have said, ending a flurry of speculation over the object’s origin. The cylinder was part of a Polar Satellite Launch Vehicle that the Indian Space Research Organization (ISRO) had previously launched, Sudheer Kumar, a director at ISRO, told CNN. The Australian Space Agency had previously tweeted on Monday that it had concluded its investigation into the object, and had reached the same conclusion. The Australian Space Agency said Monday that if any further suspected debris is found, it should be reported to local authorities. The debris remains in storage and the Australian Space Agency is working with ISRO, who will provide further confirmation to determine next steps, including considering obligations under the United Nations space treaties,” the Australian space agency added.

Persons: Sudheer Kumar, ” Organizations: CNN, Indian Space Research Organization, ISRO, Australian Space Agency, United, Police Locations: Western Australia, Perth, United Nations, India, Australian

☆ Bank of America upgrades Boeing, says shares can rally nearly 30%
▼ + stars: | 2023-07-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Boeing has been able to "navigate the turbulence," according to Bank of America — which says the worst is now behind the company. Passenger demand has been lifted to near pre-pandemic levels thanks to the post-Covid recovery, analyst Epstein wrote in a Thursday note. "Boeing is participating in the commercial aerospace recovery, as part of the global duopoly in large commercial aircraft manufacturing, with some company-specific challenges. Epstein said tailwind from higher delivery rates can help the company also offset its lower profitability rates from its defense segment. Shares traded 0.8% higher Thursday before the bell, after gaining 8.7% during Wednesday's trading session on second-quarter results that showed an increase in commercial aircraft deliveries.

Persons: Ronald Epstein, Epstein, — CNBC's Michael Bloom Organizations: Boeing, Bank of America

☆ Here's what happens to the Dow after a 13-day winning streak, according to history
▼ + stars: | 2023-07-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The Dow Jones Industrial Average closed higher for 13 consecutive days this week, notching its longest winning streak since 1987. Only four such rallies were sustained for 12 days, with the longest winning stretch set at a record 13 days in 1987. In the week following a 10-day streak of gains, stocks have previously held on to their profits, staying flat on average. On average, stocks were also flat a month after a 10-day winning streak. In the quarter after a 10-day streak of gains, stocks have returned an average 2.4% in the past.

Persons: Dow Jones, Dow, Steve Eisman, Neuberger Berman, CNBC's, Michael Lewis, Jerome Powell, —, Fred Imbert Organizations: Dow Jones, America, Boeing, Dow, CNBC, Investors, Federal

☆ U.S. Moves to Improve Airplane Bathrooms for People With Disabilities
▼ + stars: | 2023-07-26 | by ( Mark Walker | More About Mark Walker | ) www.nytimes.com time to read: +1 min

The Transportation Department announced on Wednesday that it had finalized new regulations to require more commercial aircraft to have accessible bathrooms, a long-awaited step to address complaints from disabled travelers about the difficulties of flying. Under the regulations, new single-aisle planes with at least 125 seats will eventually be required to have at least one lavatory large enough for a disabled passenger and an attendant to enter and move around in. Twin-aisle planes are already required to have an accessible lavatory. “Traveling can be stressful enough without worrying about being able to access a restroom,” Transportation Secretary Pete Buttigieg said in a statement. In 2016, an advisory committee established by the department called for accessible bathrooms on new, larger single-aisle planes, and the department proposed new regulations last year to carry out that recommendation.

Persons: Pete Buttigieg, Obama Organizations: Transportation Department Locations: Twin

☆ Boeing's quarterly results top expectations as airplane deliveries pick up pace
▼ + stars: | 2023-07-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 's second-quarter results topped analyst expectations thanks to a pickup in commercial aircraft deliveries as the manufacturer increases production. Here's how the company performed during the period ended June 30, compared with Refinitiv consensus estimatesAdjusted loss per share: 82 cents vs. 88 cents. 82 cents vs. 88 cents. On an adjusted basis, the company reported a loss of $390 million, or 82 cents per share. Boeing's defense, space and security unit reported a loss of $527 million for the quarter, down from a profit a year ago.

Persons: Dave Calhoun, Boeing's Organizations: Boeing, Max, Renton Municipal Airport, Airbus Locations: Renton, Renton , Washington

☆ Mystery cylinder on Western Australia beach could be space junk, authorities say
▼ + stars: | 2023-07-18 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A mystery object that washed ashore on Australia’s western coast sparking a flurry of local excitement and speculation over its origin is most likely space junk, police said Tuesday. The Western Australia Police Force said in a statement on Tuesday that the item is believed to be “space debris”, echoing similar comments from the country’s space agency which was working on the same hypothesis. But space junk looks the most likely explanation. “The object could be from a foreign space launch vehicle and we are liaising with global counterparts who may be able to provide more information,” the Australian Space Agency tweeted on Monday. “Just as general rule, you don’t touch space junk unless you need to,” she said.

Persons: Alice Gorman, ” Gorman, Gorman, ” Organizations: Hong Kong CNN, Western Australia Police Force, Police, Department of Fire, Emergency Service, Chemistry, of Western, Australian Space Agency, Flinders University, CNN Locations: Hong Kong, Perth, of Western Australia, Adelaide, India

☆ I was scared of flying and took a course to help me. Here are 6 things every nervous passenger should know.
▼ + stars: | 2023-07-17 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +9 min

I took British Airways' Flying with Confidence course to help me overcome my fear of flying. And I know I'm not alone: up to 40% of Americans have a form of aerophobia, otherwise known as the fear of flying. So, in an effort to face my fears head-on, I recently attended British Airways' Flying with Confidence course. But in the same way that pilots always prepare for the worst kind of turbulence, aircraft designers do too. Breathing is keyOne of the main takeaways from the course was how to control my fear of flying through breath control.

Persons: I'm, Steve Allright, Allright, Sophia Ankel Organizations: British Airways, Heathrow Airport, Federal Aviation Administration, Boeing, US Airways, Pilots Locations: London, Hudson

☆ Cramer says Wall Street should pay attention to the aerospace sector, especially RTX
▼ + stars: | 2023-06-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday told investors he thinks Wall Street is not paying close enough attention to RTX , an aerospace and defense company. RTX is a re-branded version of the original Raytheon Technologies with a robust aerospace sector thanks to a merger with United Technologies. "I think you're getting another chance to buy RTX into unjustified weakness here," Cramer said. Hayes continued, saying that because of the war, RTX is already receiving multi-billion dollar restock orders. With the war between Ukraine and Russia continuing to drag on, Cramer concurred with Hayes and said RTX is "locking in major business for years to come."

Persons: CNBC's Jim Cramer, — Cramer, RTX, Cramer, Greg Hayes, Phil LeBeau, Hayes, it's Organizations: Wednesday, Raytheon Technologies, United Technologies, Paris Air, NATO Locations: Ukraine, Russia

☆ Airbus fills more than 7,000 of 13,000 positions targeted in 2023
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

PARIS, June 21 (Reuters) - Airbus (AIR.PA) has filled more than half of the 13,000 positions it expects to create in 2023, as aerospace manufacturers try to boost staff numbers to meet soaring demand, the European planemaker said on Wednesday. Planemakers and aerospace suppliers are wrestling with shortages of workers, from engineers to machine shop operators, which is holding back plans to ramp up aircraft production needed to meet soaring travel demand. Airbus said it had filled more than 7,000 positions so far. Of the 7,000-plus hires, 29% are aged 28 or below, a trend that Baril expects will continue through year’s end, he told Reuters in an interview. Reporting by Allison Lampert Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: planemaker, Thierry Baril, “, ”, Allison Lampert, Mark Potter Organizations: Airbus, Paris Airshow, Reuters, Thomson

☆ Stockton Rush: What we know about the Titan submersible's pilot
▼ + stars: | 2023-06-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Rush has approached his dream of deep-sea exploration with child-like verve and an antipathy toward regulations — a pattern that has come into sharp relief since Sunday night, when his vessel, the Titan, went missing. But in 2004, he told Smithsonian, the dream shifted after Richard Branson launched the first commercial aircraft into space. “I had this epiphany that this was not at all what I wanted to do,” Rush told the magazine. The commercial sub industry is “obscenely safe” he told Smithsonian, “because they have all these regulations. He also asked Rush about what the vessel’s “MacGyvery” components — like the plastic PlayStation controller and LED lights that Rush bought from an RV retailer.

Persons: Jacques Cousteau, Rush, MacArthur, you’re, ” Rush, Alan Estrada, ”, Richard Branson, Kirk, OceanGate, Greg Gilbert, Estrada, “, David Lochridge, OceanGate hasn’t, David Pogue, You’re, Pogue, plumb, Nick D’Annunzio, TARA, Celina Tebor, Sam Delouya Organizations: New, New York CNN, Stockton Rush, verve, Princeton, Smithsonian Magazine, McDonnell Douglas Corporation, UC Berkeley, Smithsonian, Enterprise, OceanGate, Everett, NASA, CBS, Boeing, University of Washington, USA, Michelin Locations: New York, Seattle, Washington

PARIS, June 20 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Tuesday notched fresh orders from American Airlines and Spanish carrier Binter for its E-Jets in deals announced at the Paris Airshow that are seen totaling about $1 billion. Embraer, the world's third-largest planemaker after Airbus and Boeing (BA.N), said the new orders follow expansion goals of regional carriers such as Binter and Canada's Porter Airlines, underscoring positive momentum for its planes in global markets. "We were expecting Embraer to announce at least 30 new orders during the event," they said. "We believe that additional new orders could be announced in the coming days, as in the last Paris Air Show Embraer divided its announcements into 3 days." "The best orders are repeat orders," Embraer's Chief Commercial Officer for commercial aviation Martyn Holmes said.

Persons: Le Bourget, Canada's, Binter, Rodolfo Nunez, Martyn Holmes, Porter, Holmes, Gabriel Araujo, Steven Grattan, Jan Harvey, Alexandra Hudson Organizations: Embraer, EMBR3, American Airlines, Spanish, Jets, Paris Airshow, Airbus, Boeing, Canada's Porter Airlines, JPMorgan, Air, Envoy Air, Leasing, Avolon, Sao Paulo, Alexandra Hudson Our, Thomson Locations: Sao Paulo, Paris, Sao

☆ Safran nears $1.8 billion deal to acquire Raytheon's flight controls unit
▼ + stars: | 2023-06-14 | by ( David Carnevali | ) www.reuters.com time to read: +2 min

June 14 (Reuters) - French aerospace engine maker Safran SA (SAF.PA) is nearing an approximately $1.8 billion deal to acquire a Raytheon Technologies Corp (RTX.N) unit that makes flight controls for aircraft, helicopters and missiles, according to a person familiar with the matter. Safran may reach a deal to acquire Raytheon's actuation business that makes flight controls as early as this week, the source said, asking not to be identified because the matter is confidential. Spokespeople for Safran and Raytheon did not immediately respond to requests for comment. Safran said on June 5 it was participating in a "competitive process" for Raytheon's flight controls business, without commenting on the chances of an agreement or the terms of a deal. The Raytheon business will strengthen Safran's ties with Airbus SE (AIR.PA), since it sells into many of its commercial aircraft and has some operations in France.

Persons: Safran, Parker, Spokespeople, Olivier Andries, Rockwell Collins, Greg Hayes, David Carnevali, Louise Heavens Organizations: Safran SA, Raytheon Technologies Corp, Raytheon, United Technologies, Moog Inc, Eaton Corp, Woodward Inc, Hannifin, Bloomberg News, Safran's, French, Zodiac Aerospace, Airbus, U.S ., Rockwell, Collins Aerospace, Thomson Locations: France, New York

☆ C919: Why China's answer to Boeing and Airbus isn't as 'homegrown' as it seems
▼ + stars: | 2023-06-02 | by ( Michelle Toh | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —China is claiming a historic win this week after its answer to Boeing and Airbus, the C919, took to the skies for its first commercial flight. But instead of boosting China’s global stature in technology innovation, experts say the C919 is a symbol of its continued reliance on the West. COMAC’s first commercial plane, by comparison, is a much smaller regional jet called the ARJ21, which can only fly up to 3,700 kilometers (2,300 miles) and accommodate up to 97 passengers. Technicians working on a COMAC C919 aircraft under assembly at the COMAC Shanghai Research and Development Center in 2017. Boeing and Airbus also depend on “high-quality global suppliers,” state-run newspaper China Daily said in an editorial Wednesday.

Persons: ”, Scott Kennedy, Scott, Shukor Yusof, it’s, Kennedy, “, Qilai Shen, Yusof, VCG, Parker, Rockwell Collins, America’s, COMAC, COMAC hasn’t, there’s, ” Yusof Organizations: Hong Kong CNN, Boeing, Airbus, Center for Strategic, International Studies, Commercial Aircraft Corporation of China, Endau, CNN, China Eastern Airlines, Shanghai Research, Development Center, Bloomberg, China, Global Times, GE, CFM, China Daily, America’s Boeing, US, TransNusa, “ Airlines Locations: Hong Kong, China, Beijing, North America, Europe, Washington, Shanghai, Russia, Ukraine, Russian, Asia, United States, European, Malaysia, Indonesia

☆ China Crosses a Flying Milestone but Remains in the Boeing-Airbus Grip
▼ + stars: | 2023-06-01 | by ( Niraj Chokshi | Tiffany May | ) www.nytimes.com time to read: +1 min

Millions of flights take off and land in China every year, almost all of them using planes made by Boeing and Airbus, the world’s two leading aircraft manufacturers. For years, China has been working to change that and, this week, it celebrated a milestone in that quest: the first commercial flight of a large passenger jet made in China. It is currently the only C919 plane being used for commercial flights. Comac, or the Commercial Aircraft Corporation of China, was established in 2008. Based in Shanghai, it is closely linked to Avic, the Aviation Industry Corporation of China, which makes the country’s turboprops, fighter jets and bombers.

Persons: Comac Organizations: Boeing, Airbus, China Eastern Airlines, Commercial Aircraft Corporation of China, Aviation Industry Corporation of China, Aviation Locations: China, Shanghai, Beijing, U.S, France, Germany

☆ NASA team to issue report on unidentified phenomena in July
▼ + stars: | 2023-05-31 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

CNN —A team of 16 experts and scientists assembled by NASA aims to publish its first report on unidentified anomalous phenomena, also known as unidentified flying objects, or UFOS, by midsummer. “We’re trying to assess whether those phenomena pose any risks to safety and we’re doing it using science,” Evans added. Unidentified anomalous phenomena, or UAP, “are events in the sky that cannot be identified as aircraft or known natural phenomena from a scientific perspective,” according to NASA. Instead, the team’s approach has been outlining how to evaluate and study unidentified anomalous phenomena using data and technology. But since being announced in June 2022, members of the independent study team have faced online harassment.

Persons: CNN —, ”, Dan Evans, “ We’ve, ” Evans, “ We’re, Evans, UAPs, Scott Kelly, David Spergel, Kelly, ” Spergel, “, Sean Kirkpatrick, Kirkpatrick, ” Kirkpatrick, Spergel, astrobiology, Katie Hunt, Michael Conte, Jackie Wattles Organizations: CNN, NASA, UAP, National Defense, US Navy, Simons, US Department of Defense, Pentagon Locations: New York City

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