Boeing 747-400

Stratolaunch Celebrates First Powered Flight of TA-1 Test Vehicle

Retrieved on: 
Saturday, March 9, 2024

MOJAVE, Calif., March 9, 2024 /PRNewswire/ -- Stratolaunch, LLC is pleased to announce it has successfully completed the first powered flight of the Talon-A test vehicle, TA-1.

Key Points: 
  • MOJAVE, Calif., March 9, 2024 /PRNewswire/ -- Stratolaunch, LLC is pleased to announce it has successfully completed the first powered flight of the Talon-A test vehicle, TA-1.
  • This first flight represents a major milestone in the development of the country's first privately funded, reusable hypersonic test capability.
  • Primary objectives for the flight test included accomplishing safe air-launch release of the TA-1 vehicle, engine ignition, acceleration, sustained climb in altitude, and a controlled water landing.
  • The successful outcome of the test is a direct result of the team's technical prowess and professionalism," said Dr. Zachary Krevor, Chief Executive Officer for Stratolaunch.

Stratolaunch Completes 2nd Captive Carry Flight with TA-1 Test Vehicle

Retrieved on: 
Saturday, February 24, 2024

MOJAVE, Calif., Feb 24, 2024 /PRNewswire/ -- Stratolaunch announces the completion of a second captive carry flight with the first powered Talon-A hypersonic vehicle, TA-1.

Key Points: 
  • MOJAVE, Calif., Feb 24, 2024 /PRNewswire/ -- Stratolaunch announces the completion of a second captive carry flight with the first powered Talon-A hypersonic vehicle, TA-1.
  • It was also the first time TA-1 operated within the Vandenberg Western Range as part of a buildup approach for Talon-A's first powered flight.
  • The flight lasted a total of 4 hours and 29 minutes, supporting the company's near-term goal of completing a powered flight with the Talon-A vehicle, TA-1.
  • Pending full data results of the TA-1 first powered flight, TA-2 is anticipated to take flight later in 2024 signaling the United States return to reusable hypersonic flight test.

Western Global Airlines Successfully Completes Financial Restructuring

Retrieved on: 
Monday, December 4, 2023

ESTERO, Fla., Dec. 4, 2023 /PRNewswire/ -- Western Global Airlines ("WGA" or the "Company"), a US FAA 121 certified long-haul wide-body cargo airline with worldwide coverage, announced today that the Company has successfully completed its comprehensive financial restructuring. The Company's Plan of Reorganization (the "Plan") was confirmed by the U.S. Bankruptcy Court for the District of Delaware after receiving overwhelming support by all voting classes of creditors and the unanimous support of the Official Committee of Unsecured Creditors. Under the Plan, WGA has materially reduced its debt by more than $460 million and infused significant new capital into the Company, while preserving its seasoned workforce and long-term relationships with customers and suppliers. 

Key Points: 
  • ESTERO, Fla., Dec. 4, 2023 /PRNewswire/ -- Western Global Airlines ("WGA" or the "Company"), a US FAA 121 certified long-haul wide-body cargo airline with worldwide coverage, announced today that the Company has successfully completed its comprehensive financial restructuring.
  • "As the Founder and CEO of Western Global Airlines, my top priority has always been to preserve the long-term viability of our Company and protect our people.
  • I look forward to sharing the Company's successes with our loyal employees and for Western Global to continue to serve as a critical partner for our customers.
  • For more information about Western Global Airlines' Chapter 11 case, including terms of the transactions consummated in connection with the Company's emergence, please visit https://cases.stretto.com/WGA or call the Company's hotline at 844.500.8484 (for toll-free U.S. and Canada calls) or 949.522.9797 (for tolled international calls).

Virgin Orbit Completes Final Successful End-to-end Rehearsal – All Systems Currently ‘Green’ Proceeding Toward Historic U.K. Launch

Retrieved on: 
Friday, January 6, 2023

Start Me Up is a collaborative effort between the United Kingdom Space Agency (UKSA), Cornwall Council, the Royal Air Force, and Virgin Orbit (Nasdaq: VORB).

Key Points: 
  • Start Me Up is a collaborative effort between the United Kingdom Space Agency (UKSA), Cornwall Council, the Royal Air Force, and Virgin Orbit (Nasdaq: VORB).
  • The LauncherOne system that will conduct the mission is now mated to its carrier aircraft, a Boeing 747 dubbed Cosmic Girl, at Spaceport Cornwall.
  • In late December, Virgin Orbit was issued first-of-their-kind launch and range control licenses, which ensured all regulatory, safety, and environmental requirements have been met.
  • With all licences in place, Virgin Orbit and Spaceport Cornwall are now in a position to deliver a historic first orbital launch from UK shores.

Virgin Orbit Receives U.K.’s First Orbital Launch License; All LauncherOne Systems Green for Upcoming Mission

Retrieved on: 
Thursday, December 22, 2022

The U.K. Civil Aviation Authority has issued launch and range control licenses to Virgin Orbit (Nasdaq: VORB) to undertake the first satellite launch from UK soil.

Key Points: 
  • The U.K. Civil Aviation Authority has issued launch and range control licenses to Virgin Orbit (Nasdaq: VORB) to undertake the first satellite launch from UK soil.
  • Virgin Orbit’s LauncherOne system is currently at Spaceport Cornwall in the U.K. and preparing to roll out to mate to its 747-400 carrier aircraft for final launch rehearsals and, ultimately, for the Start Me Up mission itself.
  • In the past week, Virgin Orbit’s engineering and technician team has re-established and verified the system’s health and readiness for spaceflight.
  • “At this time, all of Virgin Orbit’s systems are green for launch.

Virgin Orbit CEO to Present at the SHARE Series Conference

Retrieved on: 
Tuesday, November 29, 2022

Virgin Orbit (Nasdaq: VORB) ("Virgin Orbit" or the "Company") today announced that Chief Executive Officer, Dan Hart, will present at the SHARE Series Conference, held virtually, on Monday, December 5, 2022 at 10:30 a.m. Eastern Time.

Key Points: 
  • Virgin Orbit (Nasdaq: VORB) ("Virgin Orbit" or the "Company") today announced that Chief Executive Officer, Dan Hart, will present at the SHARE Series Conference, held virtually, on Monday, December 5, 2022 at 10:30 a.m. Eastern Time.
  • A live webcast will be available at https://www.openexchange.tv/share-series or the Events section at https://investors.virginorbit.com/news-events/ir-calendar .
  • An archived replay will be available on the SHARE Conference website for approximately 90 days following the event.
  • Virgin Orbit (Nasdaq: VORB) operates one of the most flexible and responsive space launch systems ever built.

Virgin Orbit CEO to Present at Morgan Stanley’s 5th Annual Space Summit

Retrieved on: 
Tuesday, November 29, 2022

Virgin Orbit (Nasdaq: VORB), today announced that Chief Executive Officer, Dan Hart, will present at the Morgan Stanley Space Summit on Tuesday, December 6, 2022 at 8:15 a.m. Eastern Time.

Key Points: 
  • Virgin Orbit (Nasdaq: VORB), today announced that Chief Executive Officer, Dan Hart, will present at the Morgan Stanley Space Summit on Tuesday, December 6, 2022 at 8:15 a.m. Eastern Time.
  • One-on-one meetings will be held in addition to the presentation.
  • Virgin Orbit (Nasdaq: VORB) operates one of the most flexible and responsive space launch systems ever built.
  • Founded by Sir Richard Branson in 2017, the company began commercial service in 2021, and has already delivered commercial, civil, national security, and international satellites into orbit.

Virgin Orbit Announces Cessation of Offering Process

Retrieved on: 
Wednesday, November 23, 2022

Virgin Orbit Holdings, Inc. (NASDAQ: VORB) (Virgin Orbit or the Company) today announced that it evaluated the possibility of conducting an offering of its securities.

Key Points: 
  • Virgin Orbit Holdings, Inc. (NASDAQ: VORB) (Virgin Orbit or the Company) today announced that it evaluated the possibility of conducting an offering of its securities.
  • Due to current market conditions, the Company has elected not to proceed with an offering.
  • Virgin Orbit (Nasdaq: VORB) operates one of the most flexible and responsive space launch systems ever built.
  • Virgin Orbit gives no assurance that it will achieve its expectations.

Virgin Orbit CEO to Present at the Deutsche Bank Global Space Summit Conference

Retrieved on: 
Friday, November 4, 2022

Virgin Orbit (Nasdaq: VORB) announced today that Chief Executive Officer, Dan Hart, will present at the Deutsche Bank Global Space Summit Conference on Wednesday, November 9, 2022, at 10:00 a.m. Eastern Time.

Key Points: 
  • Virgin Orbit (Nasdaq: VORB) announced today that Chief Executive Officer, Dan Hart, will present at the Deutsche Bank Global Space Summit Conference on Wednesday, November 9, 2022, at 10:00 a.m. Eastern Time.
  • Virgin Orbit (Nasdaq: VORB) operates one of the most flexible and responsive space launch systems ever built.
  • Founded by Sir Richard Branson in 2017, the company began commercial service in 2021, and has already delivered commercial, civil, national security, and international satellites into orbit.
  • Virgin Orbits LauncherOne rockets are designed and manufactured in Long Beach, California, and are air-launched from a modified 747-400 carrier aircraft that allows Virgin Orbit to operate from locations all over the world in order to best serve each customers needs.

Virgin Orbit Announces Date for Third Quarter 2022 Earnings Release and Conference Call

Retrieved on: 
Wednesday, October 26, 2022

Virgin Orbit (Nasdaq: VORB) (Virgin Orbit or the Company) announced today that it will report financial results for the third quarter ended September 30, 2022 after the market closes on Monday, November 7, 2022.

Key Points: 
  • Virgin Orbit (Nasdaq: VORB) (Virgin Orbit or the Company) announced today that it will report financial results for the third quarter ended September 30, 2022 after the market closes on Monday, November 7, 2022.
  • The Company will host a webcast and conference call on the same day at 4:30 pm Eastern Time to discuss the results.
  • Virgin Orbit (Nasdaq: VORB) operates one of the most flexible and responsive space launch systems ever built.
  • Founded by Sir Richard Branson in 2017, the company began commercial service in 2021, and has already delivered commercial, civil, national security, and international satellites into orbit.