Airbus Expects 3.6% Annual Air Traffic Growth to Fuel Demand for New Planes
The plane manufacturer said that the growth in air travel will require 43,400 new passenger and freighter aircraft deliveries over the next 20 years.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
What we know of Air India crash's sole survivor; latest Toto draw results: Singapore live news
There's only one survivor of the Air India crash on Thursday (12 June): a British national of Indian origin, identified as Vishwash Kumar Ramesh by the Hindustan Times. In videos circulated after the crash, a man was seen walking from the scene in a bloodstained shirt. "Thirty seconds after takeoff, there was a loud noise and then the plane crashed. It all happened so quickly," it quoted him as saying in an interview at the hospital where he was being treated. Find out more about Vishwash and the Air India incident here. Meanwhile, in Singapore, the latest Toto numbers were drawn on Thursday evening. The winning numbers for the Singapore Pools Toto draw on Thursday (12 June) were 3, 7, 38, 41, 44 and 49, with the additional number being 20. There were no winners for Group 1 and the prize amount of $2,927,384 will be snowballed to the next draw. The Group 2 winnings of $114,469 will be split between three winning shares. Read more in our live blog below, including the latest local and international news and updates. There's only one survivor of the Air India crash on Thursday (12 June): a British national of Indian origin, identified as Vishwash Kumar Ramesh by the Hindustan Times. In videos circulated after the crash, a man was seen walking from the scene in a bloodstained shirt."Thirty seconds after takeoff, there was a loud noise and then the plane crashed. It all happened so quickly," it quoted him as saying in an interview at the hospital where he was being treated. He said he had been visiting family and was returning to the UK with his brother, who had been sitting in a different row. He didn't know if his brother had survived, he reportedly said. Find out more about Vishwash and the incident here. Meanwhile, Singapore's Prime Minister and Minister for Finance Lawrence Wong has written to Prime Minister of the Republic of India Narendra Modi, and Minister for Foreign Affairs Dr Vivian Balakrishnan has written to Minister of External Affairs Dr S Jaishankar, to convey their condolences on the crash of Air India Flight AI171. If you are wanting to buy tickets to K-pop girl group Blackpink's concerts in November, you should buy them only on Ticketmaster, said the police on Thursday (12 June). Ticketmaster is the only authorised platform for tickets to the shows on 29 and 30 November at the National Stadium. The police's advisory comes after the pre-sale for Blackpink's Singapore concerts began on 10 June and the Visa Infinite pre-sale started on 11 June. General sales kick off on Friday (13 June) at 11am. Tickets range from $168 to $428, excluding booking fees. Read more here on the police advice on Blackpink concert tickets. The winning numbers for Singapore Pools Toto draw on Thursday (12 June) were 3, 7, 38, 41, 44 and 49, with the additional number being 20. There were no winners for Group 1 and the prize amount of $2,927,384 will be snowballed to the next draw. The Group 2 winnings of $114,469 will be split between three winning shares. The Group 2 winning tickets were sold at: Golden Lagoon Trading – Block 136 Marsiling Road #01-2182 (1 QuickPick System 8 Entry) Tay Sui Lan Agency – 11 Collyer Quay #02-13 The Arcade (1 QuickPick System 7 Entry) Singapore Pools Account Betting Service – (1 System 7 Entry) The next draw will be on Monday (16 June). Sales for Toto Match, a new fixed-bet game by Singapore Pools, began on Tuesday ahead of its inaugural draw on Thursday. Toto Match, unlike in traditional Toto where players can win from jackpot prize, pays out a fixed prize amount per dollar bet. In Toto Match, you can pick between two and four numbers from 1 to 49. A player will win if all their selected numbers are included in the six winning numbers of the Toto draw. For every dollar bet, players can win $50 for two matched numbers, $500 for three numbers and $7,000 for four numbers. Additionally in Toto Match, you can also try choosing just one number from 1 to 49. Here, a player wins $30 for every dollar bet if this number matches the additional number in the Toto draw. However, in both scenarios you must place a Toto Match bet to be eligible as placing a normal Toto bet will not qualify for these prizes. There's only one survivor of the Air India crash on Thursday (12 June): a British national of Indian origin, identified as Vishwash Kumar Ramesh by the Hindustan Times. In videos circulated after the crash, a man was seen walking from the scene in a bloodstained shirt."Thirty seconds after takeoff, there was a loud noise and then the plane crashed. It all happened so quickly," it quoted him as saying in an interview at the hospital where he was being treated. He said he had been visiting family and was returning to the UK with his brother, who had been sitting in a different row. He didn't know if his brother had survived, he reportedly said. Find out more about Vishwash and the incident here. Meanwhile, Singapore's Prime Minister and Minister for Finance Lawrence Wong has written to Prime Minister of the Republic of India Narendra Modi, and Minister for Foreign Affairs Dr Vivian Balakrishnan has written to Minister of External Affairs Dr S Jaishankar, to convey their condolences on the crash of Air India Flight AI171. If you are wanting to buy tickets to K-pop girl group Blackpink's concerts in November, you should buy them only on Ticketmaster, said the police on Thursday (12 June). Ticketmaster is the only authorised platform for tickets to the shows on 29 and 30 November at the National Stadium. The police's advisory comes after the pre-sale for Blackpink's Singapore concerts began on 10 June and the Visa Infinite pre-sale started on 11 June. General sales kick off on Friday (13 June) at 11am. Tickets range from $168 to $428, excluding booking fees. Read more here on the police advice on Blackpink concert tickets. The winning numbers for Singapore Pools Toto draw on Thursday (12 June) were 3, 7, 38, 41, 44 and 49, with the additional number being 20. There were no winners for Group 1 and the prize amount of $2,927,384 will be snowballed to the next draw. The Group 2 winnings of $114,469 will be split between three winning shares. The Group 2 winning tickets were sold at: Golden Lagoon Trading – Block 136 Marsiling Road #01-2182 (1 QuickPick System 8 Entry) Tay Sui Lan Agency – 11 Collyer Quay #02-13 The Arcade (1 QuickPick System 7 Entry) Singapore Pools Account Betting Service – (1 System 7 Entry) The next draw will be on Monday (16 June). Sales for Toto Match, a new fixed-bet game by Singapore Pools, began on Tuesday ahead of its inaugural draw on Thursday. Toto Match, unlike in traditional Toto where players can win from jackpot prize, pays out a fixed prize amount per dollar bet. In Toto Match, you can pick between two and four numbers from 1 to 49. A player will win if all their selected numbers are included in the six winning numbers of the Toto draw. For every dollar bet, players can win $50 for two matched numbers, $500 for three numbers and $7,000 for four numbers. Additionally in Toto Match, you can also try choosing just one number from 1 to 49. Here, a player wins $30 for every dollar bet if this number matches the additional number in the Toto draw. However, in both scenarios you must place a Toto Match bet to be eligible as placing a normal Toto bet will not qualify for these prizes.
Yahoo
an hour ago
- Yahoo
Deadly Air India plane crash renews concerns after a string of other crashes for Boeing
The crash of a Boeing 787 passenger jet in India minutes after takeoff on Thursday is putting the spotlight back on a beleaguered manufacturer though it was not immediately clear why the plane crashed. The Air India 787 went down in the northwestern city of Ahmedabad with more than 240 people aboard shortly after takeoff, authorities said.
Yahoo
an hour ago
- Yahoo
Archer Raises $850M Following White House Executive Order To Accelerate U.S. eVTOL Rollout, Cementing Its Industry-Leading Liquidity Position Of Approximately $2B
SANTA CLARA, Calif., June 13, 2025--(BUSINESS WIRE)--Today Archer Aviation Inc. (NYSE: ACHR) raised an additional $850M following the White House's announcement last week of an Executive Order by President Trump to implement an eVTOL Integration Pilot Program in the United States. This program is focused on accelerating the deployment of eVTOL aircraft in the U.S. Archer intends to closely coordinate with the White House, Department of Transportation and the Federal Aviation Administration on how this can integrate into Archer's plans to ramp its operations in the U.S. ahead of the LA 28 Olympic Games at which Archer will serve as the Official Air Taxi Provider of the Olympic Games and Team USA. Archer believes cross-industry collaboration will be the key to the success of the eVTOL Integration Pilot Program and the U.S. achieving its goal of "dominance" within this new category of aircraft. Next week, Archer will be at the Paris Air Show showcasing its Midnight aircraft and hosting delegations from more than 20 countries, including leadership from partner organizations in the UAE, Archer's first target "Launch Edition" market. Archer CEO and founder Adam Goldstein is set to meet with the United States Secretary of Transportation, Sean P. Duffy, and acting FAA administrator, Chris Rocheleau, while at the show. Adam Goldstein, CEO and founder of Archer, said: "This Executive Order is a seminal moment for Archer and the eVTOL industry. We now have the strongest balance sheet in the sector and the resources we need to execute both here in the U.S. and abroad. Archer's future couldn't be any brighter." This new capital bolsters Archer's already strong balance sheet and cements the Company's position of leading the industry with a pro forma liquidity position of approximately $2B1. With this fortress balance sheet, Archer is strategically positioned to execute across its engineering, certification and commercialization efforts, both in the United States and abroad. The financing provided for the purchase and sale of 85,000,000 shares of Archer's Class A common stock at a price of $10.00 per share in a registered direct offering. The net proceeds from the offering announced today will be used for general corporate purposes, with a focus on the build out of Archer's commercial capabilities, including infrastructure to support Archer's recently announced initiatives, both in the U.S. and Archer's "Launch Edition" markets, and the development of an AI-based aviation software platform. The shares of Class A common stock were offered pursuant to an automatic shelf registration statement on Form S-3ASR (File No. 333-284812) filed with the United States Securities and Exchange Commission ("SEC") on February 11, 2025, which became automatically effective upon filing. Moelis & Company LLC is acting as the exclusive placement agent in connection with this offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Archer, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. A prospectus supplement relating to the shares of Class A common stock will be filed by Archer with the SEC. About Archer Archer is designing and developing the key enabling technologies and aircraft necessary to power the future of aviation. To learn more, visit Forward-Looking Statements This press release contains forward-looking statements regarding Archer's future business plans and expectations, including the satisfaction of customary closing conditions related to the offering, Archer's expected use of proceeds, success of its certification and commercialization efforts in the U.S. and abroad, the effects of the executive order described above, and implementation of the eVTOL Integration Pilot Program. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in our filings with the SEC, including our most recent Annual Report on Form 10-K, most recent Quarterly Report on Form 10-Q and Form 8-K filed on June 13, 2025, which are or will be available on our investor relations website at and on the SEC website at In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. We undertake no obligation to update these statements as a result of new information or future events. Source: Archer Aviation Text: ArcherIR 1Industry comparison is based on publicly available information as of June 12, 2025. Archer's pro forma liquidity position consists of: (i) its cash and cash equivalents on its balance sheet as of March 31, 2025; (ii) the additional gross proceeds it expects to receive at closing from today's financing; and (iii) the remaining amount available under its current at-the-market program. This estimate does not include up to ~$400M of additional capital from Stellantis to help scale Archer's manufacturing of its Midnight aircraft, which remains subject to entering into further definitive agreement(s) relating thereto. View source version on Contacts Archer Media Contacts The Brand Amp - Archer@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
