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☆ Police said a member of Elon Musk's security team is a suspect — not a victim — in what Musk alleged was a 'crazy stalker' incident
▼ + stars: | 2022-12-21 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Police are looking to question a member of Elon Musk's security team, according to a statement. But authorities said this week that a member of Musk's security team was a suspect in the incident. The driver of the second vehicle is believed to be a member of Musk's security team, authorities said. "On Thursday, December 15, 2022, South Pasadena Police learned the suspect involved in this case is believed to be a member of Elon Musk's security team," the police statement said. The Tuesday police statement said Collado never indicated that the altercation with Musk's security guard was "anything more than coincidental."

☆ Defense firm L3Harris to buy Aerojet for $4.7 bln with eye on missile demand
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +2 min

Dec 18 (Reuters) - U.S. defense contractor L3Harris Technologies Inc (LHX.N) said on Sunday it would buy Aerojet Rocketdyne Holdings Inc (AJRD.N) in a $4.7 billion all-cash transaction, as it looks to tap into rising demand for missiles amid the Ukraine conflict. Reuetrs had first reported on Saturday that L3Harris was nearing the deal to acquire U.S. rocket maker Aerojet. The deal, which is expected to be completed in 2023, would add on to L3Harris' Space & Airborne Systems unit, which makes electronic warfare equipment and avionics sensors. Aerojet develops and manufactures liquid and solid rocket propulsion and hypersonic engines for space, defense, civil and commercial applications. Aerojet makes the RS-25 engines for NASA's launch vehicle, as well as the RL10 engines that power launch vehicles made by United Launch Alliance, a joint venture between Boeing Co (BA.N) and Lockheed Martin.

☆ Twitter users joked that Elon Musk should be banned for doxxing himself by tweeting his location at World Cup final
▼ + stars: | 2022-12-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Elon Musk went to the World Cup final in Qatar on Sunday, and let the world know. Musk had banned – then unbanned – several journalists for tweeting about his private jet's location. Jordan, who runs a popular Formula 1 fan account, tweeted: "It appears Elon Musk has posted real time coordinates of the individuals shown in this video." And Lee Carter, a socialist and former Virginia delegate, said: "Looking forward to Elon Musk being banned for tweeting Elon Musk's real-time location." Argentina lifted the World Cup trophy after one of the tournament's most exciting finals, which saw two goals scored in extra time before Argentina won on penalties.

☆ Elon Musk suggests journalists want to cause harm to him and his family after restoring suspended Twitter accounts
▼ + stars: | 2022-12-17 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Elon Musk lifted a suspension on Twitter accounts after a poll answered by 3.1 million people. He agreed with a user who said journalists wanted to cause him and his family harm or harassment. Musk banned the accounts of journalists including CNN's Donie O'Sullivan, the Washington Post's Drew Harwell, and Ryan Mac from the New York Times. The journalists made reference to Sweeney's @ElonJet account, but didn't make reference to Musk's location in their reporting. Post reporter Harwell had criticized Elon Musk's highly publicized commitment to free speech in his final tweet before being suspended.

Dec 17 (Reuters) - L3Harris Technologies Inc (LHX.N) is nearing a $4.7 billion deal to acquire U.S. rocket maker Aerojet Rocketdyne Holdings Inc (AJRD.N), 10 months after the latter's $4.4 billion sale to Lockheed Martin Corp (LMT.N) fell through, people familiar with the matter said on Saturday. L3Harris is a defense contractor that is mostly a competitor rather than a customer of Aerojet. Aerojet's solid fuel rocket motors and other propulsion systems would help L3Harris expand its space defense systems and precision munitions businesses. Spokespeople for Aerojet, L3Harris and General Electric did not immediately respond to requests for comment. Its customers include the Pentagon, Boeing (BA.N), Lockheed Martin and Raytheon Technologies Corp (RTX.N).

☆ Wild video shows F-35B jet crashing and skidding in botched vertical landing, forcing the pilot to eject
▼ + stars: | 2022-12-16 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

A video showed a fighter jet crash landing at a military base in Fort Worth, Texas, on Thursday. The pilot was forced to eject from the F-35B aircraft after it spun out of control. The plane was landing at Naval Air Station Joint Reserve Base in Fort Worth on Thursday when things went wrong. The aircraft, however, was being flown by a "US government pilot" at the time of the crash, he said. The next year, a Japanese F-35A crashed into the sea; however, the crash was attributed to pilot error.

☆ Elon Musk hasn't filed a police report about the 'crazy stalker' incident which sparked journalists' Twitter suspensions, LAPD says
▼ + stars: | 2022-12-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The LAPD says Elon Musk hasn't filed a police report about the "crazy stalker" who followed his son. Musk tweeted that the man had followed a car containing his son X Æ A-Xii, believing Musk was inside. On Thursday, the Los Angeles Police Department said "LAPD's Threat Management Unit is aware of the situation and Tweet by Elon Musk and is in contact with his representatives and security team." Musk then shared a video of the masked person who he said followed his son, and the car's license plate. The official Twitter account for Mastodon was also suspended.

☆ Twitter suspends multiple journalists who have been covering, criticizing Elon Musk
▼ + stars: | 2022-12-16 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Twitter suspended several journalists' accounts on Thursday. Many of the affected writers had been covering or criticizing Elon Musk in the preceding days. But Rupar told Insider that he didn't believe he had tweeted or even retweeted anything about the ongoing private jet saga. Nearly all of them had been reporting on Twitter, covering Musk, or writing critically about the billionaire in the days leading up to their suspension. The flight data Musk is trying to keep off Twitter is available online to anyone and relatively easy to track.

☆ UBS says shares in this global airline are set to soar by 55%
▼ + stars: | 2022-12-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of London-listed airline easyJet are set to soar by 55% over the next year, according to UBS. The Swiss investment bank raised its price target to £6 ($7.34) a share after hiking its forecasts for passenger traffic and profitability at the pan-European airline. EasyJet's shares were trading at £3.87 on Tuesday afternoon, about 70% below its pre-pandemic levels. A recent decline in global oil prices and the dollar index works favorably for easyJet, analysts at UBS said. UBS forecasts the airline will reach 91% of its 2019 passenger volumes next year and return to pre-pandemic levels in 2026.

☆ Boeing's last 747 is rolling out of the factory after a more than 50-year production run
▼ + stars: | 2022-12-06 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

EVERETT, Wash. − Boeing 's final 747 is set to roll out of the company's cavernous factory north of Seattle as airlines' push for more fuel-efficient planes ends the more than half-century production run of the jumbo jet. "It's a very surreal time, obviously," said Kim Smith, vice president and general manager of Boeing's 747 and 767s programs out of the assembly plant here. "For the first time in well over 50 years we will not have a 747 in this facility." The lone 747, covered in a green protective coating, sits inside the company's massive assembly plant in Everett — the largest building in the world by volume, according to Boeing. The end of 747 production doesn't mean the planes will disappear entirely from the skies, since the new ones could fly for decades.

☆ An often overlooked Swedish fighter may be the jet Ukraine needs to take on Russia now, experts say
▼ + stars: | 2022-12-01 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +7 min

The Saab JAS 39 Gripen fighter jet has earned high marks for its capabilities and affordability. But buyers have often passed on the Gripen in favor of other jets, including the US-made F-35. A Saab JAS 39C Gripen jet during an air show in June 2011. US Air Force F-16s with Swedish air force JAS 39 Gripens over the Baltic Sea during an exercise in June 2018. A new Brazilian Air Force F-39E Gripen at an air base in Brasilia in October 2020.

☆ UK airline easyJet says holiday demand holding up
▼ + stars: | 2022-11-29 | by ( Sarah Young | ) www.reuters.com time to read: +3 min

The outlook could give investors confidence that holiday bookings can hold up despite the growing pressure on household budgets from high inflation, energy prices and rising mortgage rates. Historically demand for flights has tended to track economic growth and easyJet's biggest market, Britain, is already in recession. For the current winter period, the airline said Christmas ticket yields were up about 18% amid strong demand for travel. "EasyJet does well in tough times," Chief Executive Johan Lundgren said in a statement on Tuesday. ($1 = 0.8341 pounds)Reporting by Sarah Young, Editing by Paul Sandle and Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

MUMBAI, Nov 28 (Reuters) - Jet Airways' (JET.NS) creditors and its new owners are deadlocked over a resolution plan to lift the Indian airline out of bankruptcy, putting its future in limbo, four sources said. It was taken to bankruptcy court by creditors owed about 180 billion rupees ($2 billion). A spokesperson for Jet's owners said in a statement on Monday that the resolution plan was binding upon all involved parties and was approved by the bankruptcy court. "We are "working closely" with the erstwhile lenders of Jet to implement this plan, and remain "fully committed" to getting Jet Airways off the ground," it added. By not implementing the resolution plan, creditors are causing unnecessary delays, the source close to Jet said adding that the consortium has already invested more than 1 billion rupees in the airline.

☆ EasyJet calls on over-45s to fill cabin crew vacancies
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] An Easyjet aircraft approaches Josep Tarradellas Barcelona - El Prat airport the day before a cabin crew strike, while it passes next to a Stop traffic sign, near Barcelona, Spain, June 30, 2022. The UK-based airline said it was encouraging adults aged 45 and over to train as cabin crew, building on the 27% rise it has already seen in that age group for crew since 2018. EasyJet said a crew recruitment programme some months ago had over 18,000 applications for about 2,000 roles, but it was still looking for more workers. The cabin crew role would be ideal for people whose children have left home, who have customer service skills and are looking for a new challenge, said the airline. "This campaign is about challenging stereotypes about the job and showing that being cabin crew can be a job for anyone with the right skills, no matter what their age," easyJet's director of cabin services Michael Brown said in an email.

The crash into the Java Sea after take-off from Jakarta, which killed all 62 people on board, was Indonesia's third major commercial plane crash in just over six years and shone a spotlight on its poor air safety record. A working autothrottle is not required for a plane to be dispatched because pilots can control the thrust levers manually. The first officer said "upset, upset" and "captain, captain" before the recording stopped, but the captain's channel was not working, making it more difficult for investigators to analyse events. KNKT had raised the lack of upset recovery training after the 2014 crash of an AirAsia Indonesia jet that killed all 162 people on board. Indonesia is putting in place updated upset prevention and recovery training, KNKT said in the report.

☆ WestJet's Sunwing deal likely to raise 'substantial' competition issues
▼ + stars: | 2022-10-26 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: A WestJet Boeing 737-800 airplane prepares to land at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben NelmsMONTREAL (Reuters) - WestJet Airlines’ planned purchase of leisure rival Sunwing would likely have “substantial anti-competitive effects” on sales of vacation packages, including higher prices and less choice, Canada’s Competition Bureau said on Wednesday. Calgary-based WestJet, which is owned by private equity firm Onex Corp ONEX.TO, said in March it would buy Ontario-based Sunwing and the travel booking website Sunwing Vacations. “It would also likely result in a significant reduction in travel by Canadians on a variety of routes where their existing travel networks overlap,” it added. Sunwing said in a statement that the routes identified as a concern in the report are predominantly in Western Canada, seasonal and account for just over 10% of all seats.

☆ EXCLUSIVE Rocket maker Aerojet solicits acquisition offers -sources
▼ + stars: | 2022-10-25 | by ( David Carnevali | ) www.reuters.com time to read: +2 min

Aerojet, which is providing propulsion engines for NASA's Artemis 1 moon rocket, is working with advisers on an auction process and asked for indications of acquisition interest earlier this month, the sources said. Aerojet develops and manufactures liquid and solid rocket propulsion and hypersonic engines for space, defense, civil and commercial applications. Its customers include the Pentagon, Boeing (BA.N), Lockheed Martin and Raytheon Technologies Corp (RTX.N). Activist hedge fund Elliott Investment Management disclosed it had accumulated a 3.7% stake in Aerojet in August. Aerojet Chief Executive Eileen Drake said in September that "low to mid-single-digit" sales growth was most probable for the company this year.

☆ A passenger plane came within 10 feet of crashing into a drone in a 'near miss' at 16,000 feet
▼ + stars: | 2022-10-25 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

An Easyjet flight had a "near miss" with an "unidentified flying object," according to a new report. The pilot said the plane missed the unmanned flying object by around 10 feet. A report by the UK Airprox Board said the object was likely a drone. A National Air Traffic Services investigation report said the pilot first reported the incident over the radio during the flight. After landing the flight the pilot confirmed the plane had not made contact with the drone and the thud likely came from the cabin, per the report.

☆ Bodycam footage shows Russian pilot ejecting before a crash, probably after his jet clipped a power line in training
▼ + stars: | 2022-10-24 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

The footage matches descriptions of a Russian Su-25 which crashed in June while training. The footage matches descriptions of a crash months earlier, in which a Russian Su-25 crashes in a training flight after clipping a power line. The incident happened in the Belgorod region in Russia in June during a training flight, state-media organization RIA Novosti reported at the time. The Russian news outlet Baza reported that the pilot ejecting after the Su-25 clipped a power transmission tower in a field. RIA Novosti reported the crash was due to a technical malfunction, without giving further detail.

☆ A Bill Gates fund invested $50 million in a startup that's building a massive refinery to turn alcohol into jet fuel
▼ + stars: | 2022-10-21 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

A Bill Gates fund invested $50 million in a startup making sustainable aviation fuel from ethanol. Sustainable aviation fuel is being explored by airlines as a way of making the industry more environmentally friendly. The Soperton facility, known as the Freedom Pines Fuel Plant, is set to begin production in 2023. LanzaJet said the plant would produce nine million gallons of sustainable aviation fuel, and one million gallons of renewable diesel, per year when fully-operational. The company said it will lower emissions by at least 70% compared with conventional aviation fuel.

☆ Why Russia accused China of copying its stealth fighter design
▼ + stars: | 2022-10-19 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +8 min

China is often accused of stealing plans for the US F-22 and F-35 to design its J-20 stealth jet. A Chinese J-20. Russia called out the J-20's similarities with the MiG 1.44 immediately after the Chinese fighter was revealedRussia's Su-47 Berkut forward-swept wing aircraft. REUTERS/StringerMikoyan has denied providing any kind of support for China's stealth fighter development which dates back to well before the J-20 was officially unveiled. "It looks like they got access … to documents relating to the Mikoyan — the aircraft that the Ministry of Defence skipped over in its tender to create a stealth fighter," he said.

☆ The world's second-richest man, Louis Vuitton's CEO, sold his private jet after people started tracking it on Twitter: 'No one can see where I go'
▼ + stars: | 2022-10-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Bernard Arnault said LVMH sold its private jet after Twitter accounts started tracking it. Antoine Arnault argued that a private plane gives executives an edge in the race to be first to a new product or deal. "We haven't found anything better than a private plane to win that race every day and be just a small step ahead of our competitors," he added. Arnault is not the only billionaire to come under fire in recent months for private jet usage. Other public figures have expressed safety concerns over the sharing of flight data on social media.

☆ Super-rich keeping flying private despite surging fuel costs making charters even more expensive
▼ + stars: | 2022-10-16 | by ( Stephen Jones | ) www.businessinsider.com time to read: +4 min

Surging fuel, inflation, and labor costs have sent private jet charter prices up significantly. It's a similar story for flyExclusive, another private jet charter firm. "So far it hasn't negatively impacted demand," Seagrave tells Insider, but admits that further price rises may have an impact sooner or later. For flyExclusive passengers, fuel represents between a quarter and 37% of the charter cost, Seagrave tells Insider. VistaJet runs a membership service which means its customers pay an hourly fee, but they still have to pay a fuel surcharge, Qi says.

☆ Flames shot out of the engine of a United Airlines plane after a bird strike, forcing its return to Chicago O'Hare Airport
▼ + stars: | 2022-10-15 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

A United flight made an emergency landing after it hit a bird shortly after takeoff, per abc7. A video posted on Twitter shows United flight 1930 spitting flames out of its left engine. Witnesses on the ground told the news channel they could see flames coming from United flight 1930 shortly after it took off. Chris McCullough told abc7 he heard "this tremendous rumble" that shook his home as the plane passed over him in Bensenville. A United spokesperson said in a statement to abc7: "United Flight 1930 returned to Chicago after experiencing a bird strike shortly after take-off.

☆ Flexjet's Kenn Ricci breaks down decision to go public through Horizon Acquisition SPAC
▼ + stars: | 2022-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFlexjet's Kenn Ricci breaks down decision to go public through Horizon Acquisition SPACFlexjet Chairman Kenn Ricci joins CNBC's 'Squawk Box' to break down the company's decision to go public through a merger with a special purpose acquisition company, or SPAC.

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