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the successful liftoff, SpaceX tweeted, "Falcon Heavy launches USSF-52 to orbit from Florida." According to AFP, the US released little information about the space drone and its mission, which was initially scheduled for December 7. Meanwhile, SpaceX only cited the Pentagon's mission code name -- USSF-52 -- in its statement on the launch. The X-37B US space drone is about the size of a small bus and resembles a miniature space shuttle.

Investing.com — U.S. stock futures edged higher Friday, looking set to end a strong year on a positive note.

Investing.com — Wall Street looks set to end the year on a positive note, as traders await next week’s crucial payrolls report. Boeing received some positive news from China, while Nvidia launched a new gaming chip in the important Chinese market.

Plane manufacturing giant Boeing (NYSE:BA) has urged airlines to inspect more recent 737 MAX aircraft for a possible loose bolt in the rudder control system, the Federal Aviation Administration (FAA) said.

(Updated — December 28, 2023 11:58 AM EST)

American Airlines flight somehow managed to land at Heathrow Airport in London amid high winds generated by Storm Gerrit on Wednesday. The high winds were so powerful that they tilted the Boeing 777 with its wings dangerously angling towards the ground on the runway, but after 10 minutes of pure terror, the pilot managed to achieve balance and the plane made it to the runway unharmed; otherwise, it would have been a tragic accident.

By David Shepardson and Valerie Insinna

Air India is in the final stages of forming a joint venture (JV) with European aerospace major Airbus to form a facility for pilot training services that will be the largest in the South Asian region. People aware of the development said the total investment into the facility will be around ₹3,500 crore with both Air India and Airbus holding 50% stakes in the company. While the facility will initially start with six simulators for the Airbus A320 family and A350 aircraft types, it will have a capacity of expanding up to 20 simulators, making it one of the largest in the region, they said. It will cater to the needs of Air India but will also be open for other Airbus customers, sources said. The company will rival CSTPL, a JV between IndiGo's parent company InterGlobe and CAE Inc, which currently has the largest share of the flight simulation business in India. CSTPL — which currently has 8 simulators — is looking to add another five simulators in the next two years, people aware of the matter told ET. Air India is also finalising another JV with US-based L3 Harris for pilot training for Boeing aircraft such as the 737, 777 and 787. Former AirAsia CEO Sunil Bhaskaran is overseeing the setting up of the JV. «We understand the importance of developing self-reliance of human resources and have invested to build a pilot training facility as the airline caters for a huge need due to expansion of fleet and network,» an official said.

Tata group won the bid for Air India in 2021 and took control of the airline in January 2022. It will soon be two years since the control moved to the Tatas. The airline has placed a large order, made changes to its offering, launched new routes, and operationalised its grounded planes as visible signs.

A congressional oversight committee has launched an investigation into the V-22 Osprey program following a deadly crash in Japan, which killed eight Air Force special operations service members

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NEW DELHI : Tata Group-backed Air India is set to induct the first of the 470 aircraft it had ordered, with the Airbus A350 expected to arrive at Delhi airport Saturday morning, people aware of the development told Mint. Air India received regulatory approvals for engineering line maintenance of the A350 aircraft from the Directorate General of Civil Aviation earlier this month. “The aircraft will be put into commercial domestic flight operations for metro-to-metro connectivity by the end of January as it will take at least 3-4 weeks since its arrival in India to complete extensive checks and approvals," an Air India official said.

By Sophie Yu and Valerie Insinna

(Reuters) — Aerospace supplier Triumph Group (NYSE:TGI) said on Thursday it would sell its components aftermarket business that makes structures, airframes and engine accessories to AAR (NYSE:AIR) Corp for $725 million, sending its shares up by 23.7% in early trading.

Investing.com — U.S. futures rose Thursday, bouncing after the previous session’s selloff, ahead of the release of key growth and employment data.

China has approved the delivery of a Boeing (NYSE:BA) Co. 787 Dreamliner jet to Juneyao Airlines Co, according to Bloomberg News.

SMBC on Wednesday said the Tata Group-owned Air India has borrowed USD 120 million from it for purchasing a wide-body aircraft from Airbus. The transaction has partly financed Air India's purchase of an A350-900 aircraft from Airbus, which was delivered in October 2023, according to an official statement.

By David Shepardson and Valerie Insinna

SpiceJet for 19% stake in the company. Aries Opportunities Fund will hold 3% while Elara Capital will hold 8%, after conversion of warrants, according to a detailed funding proposal reviewed by ET. Last week, the cash-strapped airline announced that it got a lifeline as a clutch of funds and high net worth individuals will invest Rs 2,254 crore through the issue of up to 130 million convertible warrants and 320.8 million fresh equity shares. Promoter Ajay Singh’s current shareholding in the airline will reduce from 56.49% to at least 38.55 % once the shareholders approve the issuance of equity and warrants.

On Tuesday, it was announced that Deutsche Lufthansa (DLAKY) will buy up to 100 737 MAX jets, representing its first Boeing (NYSE:BA) single-aisle order in nearly 30 years.

Investing.com — U.S. futures edged higher Tuesday, struggling to maintain the recent rally as Fed officials attempt to rein in elevated levels of optimism of interest rate cuts next year.