Federal Aviation Administration

Terra Drone's Group Company, Unifly, Successfully Completes Groundbreaking UTM Cybersecurity Model Project in Partnership with FAA

Retrieved on: 
Wednesday, December 27, 2023

In partnership with the Rhea Group and NY UAS Test Site (NYUASTS), the objective and purpose of the project was to refine a UTM cybersecurity model, including the requirements and certification scheme, and to validate the model in an operational environment.

Key Points: 
  • In partnership with the Rhea Group and NY UAS Test Site (NYUASTS), the objective and purpose of the project was to refine a UTM cybersecurity model, including the requirements and certification scheme, and to validate the model in an operational environment.
  • As drone use continues to rise, it's vital to develop specific cybersecurity measures for UTM to ensure airspace safety and security.
  • Although cybersecurity is unanimously recognized as a critical safety concern, UTM cybersecurity has only been partially explored to this date.
  • In the initial phase of the project, interviews were conducted with the following stakeholders from the UTM ecosystem:
    During the interviews, the concept of a unified UTM cybersecurity model was presented.

Terra Drone's Group Company, Unifly, Successfully Completes Groundbreaking UTM Cybersecurity Model Project in Partnership with FAA

Retrieved on: 
Wednesday, December 27, 2023

TOKYO, Dec. 27, 2023 /PRNewswire/ -- Unifly, a Terra Drone Corporation group company and a leading provider of Unmanned Traffic Management (UTM) systems, proudly announces the successful completion of the Unified UTM Cybersecurity Model project, granted by the Federal Aviation Administration (FAA) under Broad Agency Announcement call 003.

Key Points: 
  • TOKYO, Dec. 27, 2023 /PRNewswire/ -- Unifly, a Terra Drone Corporation group company and a leading provider of Unmanned Traffic Management (UTM) systems, proudly announces the successful completion of the Unified UTM Cybersecurity Model project, granted by the Federal Aviation Administration (FAA) under Broad Agency Announcement call 003.
  • In partnership with the Rhea Group and NY UAS Test Site, the project aims to refine a UTM cybersecurity model, including the requirements and certification scheme, and to validate the model in an operational environment.
  • With the drone industry's rapid growth, ensuring the safety and security of our airspace is more important than ever.
  • No comprehensive approach to system requirements, and much less a unified certification scheme, has been developed to assess and validate cybersecurity for UTM systems.

Gogo Business Aviation's 5G Program Achieves Key Milestones

Retrieved on: 
Wednesday, December 20, 2023

BROOMFIELD, Colo., Dec. 20, 2023 /PRNewswire/ -- Gogo Business Aviation's (NASDAQ: GOGO) 5G program continues to gain momentum passing another critical milestone with the new AVANCE LX5 receiving Supplemental Type Certification (STC) and Parts Manufacturer Approval (PMA) from the Federal Aviation Administration (FAA).

Key Points: 
  • BROOMFIELD, Colo., Dec. 20, 2023 /PRNewswire/ -- Gogo Business Aviation's (NASDAQ: GOGO) 5G program continues to gain momentum passing another critical milestone with the new AVANCE LX5 receiving Supplemental Type Certification (STC) and Parts Manufacturer Approval (PMA) from the Federal Aviation Administration (FAA).
  • "We built LX5 on the AVANCE platform as a smaller, single-box option to make the installation of Gogo 5G even easier for customers."
  • Customers can pre-provision for Gogo 5G today by installing the multi-band (MB13) 5G antennas and an AVANCE L5 LRU.
  • The L5 system will operate on the Gogo Biz 4G network until Gogo 5G launches, which is expected in the third quarter of 2024.

BUTLER NATIONAL CORPORATION ANNOUNCES SECOND QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS

Retrieved on: 
Monday, December 18, 2023

OLATHE, Kan., Dec. 18, 2023 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the second quarter fiscal 2024 ended October 31, 2023. 

Key Points: 
  • Second quarter fiscal 2024 net income was $5.0 compared to a net income of $2.7 in the second quarter fiscal 2023.
  • Second quarter fiscal 2024 operating margin was 18% compared to 21% in second quarter fiscal 2023.
  • Butler National companies, Avcon Industries, Inc. and Butler Avionics, Inc. concentrate on enhancements to Learjet, Beechcraft King Air, Cessna Caravan, Gulfstream, and other turbine powered aircraft.
  • It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements.

Overair, City of Arlington, Texas, to Develop and Launch eVTOL Operations at Arlington Municipal Airport

Retrieved on: 
Thursday, November 16, 2023

It is expected that the eVTOL operations will offer a direct connection to the city's vibrant Entertainment District, home to Six Flags Over Texas, Hurricane Harbor, four professional sports franchises, -- Texas Rangers, Dallas Cowboys, Arlington Renegades and the WNBA’s Dallas Wings – as well as numerous restaurants, shopping centers, museums and live entertainment venues.

Key Points: 
  • The partnership aims to develop eVTOL operations starting at Arlington Municipal Airport and connecting riders to the vibrant Entertainment District and other parts of the DFW region.
  • Collaboration positions Arlington as a global pioneer in electric AAM, creates new jobs and drives technology and progress in transportation.
  • This collaboration marks the first-ever direct partnership between a city in Texas and an eVTOL Original Equipment Manufacturer (OEM).
  • Together, Overair and Arlington aim to develop and launch electric vertical takeoff and landing (eVTOL) operations, starting at Arlington Municipal Airport (ICAO: KGKY, FAA LID: GKY), and extending throughout the DFW region.

ARCHER AVIATION, INC. (NYSE: ACHR) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Archer Aviation, Inc.

Retrieved on: 
Tuesday, November 14, 2023

If you purchased or acquired Archer Aviation securities, and/or would like to discuss your legal rights and options please visit Archer Aviation, Inc.

Key Points: 
  • If you purchased or acquired Archer Aviation securities, and/or would like to discuss your legal rights and options please visit Archer Aviation, Inc.
  • A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
  • If you purchased or acquired Archer securities, and/or would like to discuss your legal rights and options please visit Archer Aviation, Inc.
  • The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414.

Workhorse Group Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023

CINCINNATI, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company with a vision to pioneer the transition to zero emission commercial vehicles, today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • CINCINNATI, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company with a vision to pioneer the transition to zero emission commercial vehicles, today reported financial results for the third quarter ended September 30, 2023.
  • This approval provides Workhorse customers eligibility to receive up to a $40,000 federal tax credit per vehicle for deliveries of all Workhorse vehicles in 2023 and beyond.
  • Net interest income for the third quarter of 2023 was $0.4 million compared to $0.0 in the same period last year.
  • “Our financial results for the third quarter and our outlook for the year were significantly impacted by the HVIP voucher delays,” said Workhorse CFO Bob Ginnan.

JetBlue Foundation Celebrates 10 Years of Enhancing Access and Inspiring Careers in Aviation

Retrieved on: 
Monday, December 18, 2023

For the last 10 years, the JetBlue Foundation has continued the airline’s efforts to place aviation top-of-mind as a career choice for students by igniting youth interest throughout JetBlue’s network to explore careers in aviation.

Key Points: 
  • For the last 10 years, the JetBlue Foundation has continued the airline’s efforts to place aviation top-of-mind as a career choice for students by igniting youth interest throughout JetBlue’s network to explore careers in aviation.
  • Through the JetBlue Foundation, we have been able to foster inspiration while putting aviation on the map as a career choice for students of all ages and backgrounds,” said Ursula Hurley, president of the JetBlue Foundation.
  • Since 2013, the JetBlue Foundation has made five grants, totaling over $100,000, to Aviation High School to help fund and propel its many STEM and aviation related educational programs.
  • “JetBlue and the JetBlue Foundation are crucial supporters of our Federal Aviation Administration aviation maintenance technician public high school.

Joby, ANA Holdings Partner with Nomura Real Estate Development for Vertiports in Japan

Retrieved on: 
Friday, December 8, 2023

Joby Aviation, Inc. (NYSE:JOBY), a company developing an all-electric vertical take-off and landing (eVTOL) aircraft for commercial passenger service, today announced it has partnered with ANA Holdings Inc. (“ANA HD”) and Nomura Real Estate Development Co. Ltd. (“NRE”), one of Japan’s largest real estate developers, on the development of take-off and landing infrastructure, known as vertiports, to support the commercialization of its electric air taxi service across Japan.

Key Points: 
  • Joby Aviation, Inc. (NYSE:JOBY), a company developing an all-electric vertical take-off and landing (eVTOL) aircraft for commercial passenger service, today announced it has partnered with ANA Holdings Inc. (“ANA HD”) and Nomura Real Estate Development Co. Ltd. (“NRE”), one of Japan’s largest real estate developers, on the development of take-off and landing infrastructure, known as vertiports, to support the commercialization of its electric air taxi service across Japan.
  • The partners will primarily focus on locations in the metropolitan areas such as Tokyo, expanding over time to include numerous urban areas across greater Japan.
  • Joby and ANA HD, Japan’s largest airline group holding company, first partnered in 2022 to bring electric air taxi services to Japan.
  • NRE, one of the largest real estate developers in Japan, joins Joby and ANA HD as they seek to develop air taxi services in Japan.

Merlin Appoints Part 25 Certification Manager, Tim Trank, to Advance Certification of the Merlin Pilot

Retrieved on: 
Thursday, December 7, 2023

Merlin , the aviation technology company developing the world’s most capable pilot to advance the future of automated flight, today announced the appointment of Tim Trank as the company’s Part 25 Certification Manager.

Key Points: 
  • Merlin , the aviation technology company developing the world’s most capable pilot to advance the future of automated flight, today announced the appointment of Tim Trank as the company’s Part 25 Certification Manager.
  • View the full release here: https://www.businesswire.com/news/home/20231207314423/en/
    Merlin Appoints Part 25 Certification Manager, Tim Trank, to Advance Certification of the Merlin Pilot (Photo: Business Wire)
    “At Merlin, excellence in safety and innovation is our priority.
  • "Merlin is a place where great aviation professionals can apply their unique skills and expertise to transform the future of flight.
  • “Aviation certification is a complex process but essential to ensuring our skies are safe, scalable, and accessible,” said Trank.