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Tue, Oct 03, 2017

Airborne 10.02.17: Boeing Sponsors GoFly, FAA Funding, Tilton Cleared

Also: Airliner v Glider, Glider Flyby, Jupiter Helo, Ryanair, Wright Trophy, Afghan AF, 737-700 Freighter

Boeing has undertaken the GoFly Challenge, which calls on all inventors and doers to make human flight a reality by building the world’s first personal flying device for anyone, anywhere.

Over the next two years, teams will compete to win $2,000,000 in prizes, creating revolutionary technology and accessing the top minds in aerospace. The device must be safe, useful, and thrilling, but the design and function of the device is up to teams, which will have access to the top names in aerospace and aviation, engineering, design, finance, and law. The battle over a short-term funding solution to keeping the FAA airborne was a last-ditch attempt to avoid a deadline that could have stripped the FAA of its ability to do much of its day to day responsibilities and created another political nightmare. Industry reaction has been extensive... The SEC has dropped its fraud case against Lynn Tilton, the CEO and sole principal of Patriarch Partners ... which owns MD Helicopters. The charges of fraud against Tilton were first brought two years ago. Tilton was accused of misleading investors about loan pool values, and collecting $200 million in extra management fees. The case focused on loan pools valued at $2.5 billion. An administrative law judge made the decision to dismiss the case, saying the alleged violations were "unproven" by the SEC. All this -- and MORE in today's episode of Airborne!!!

Airborne 10.02.17 is chock full of info in this Daily News Episode, Monday, October 2nd, 2017... Presented by Aero-TV veteran videographer and Airborne Hosts Brianne Cross, Christopher Odom, and Laura Hutson, and is supported by ANN CEO/Editor-In-Chief Jim Campbell, Chief Videographer Nathan Cremisino, and Aero-Journalist Tom Patton, this episode covers:

  • Boeing Sponsors The GoFly Challenge 
  • FAA Funding Extension Drama Concerns Industry
  • Lynn Tilton Cleared Of Securities Fraud
  • Airliner Reportedly Narrowly Avoids Hitting Glider 
  • AVW: Mt. Baldy Hike, Glider Flyby
  • Helicopter Used To Test Radar To Be Flown To Jupiter's Icy Moons 
  • CAA Expedites Enforcement Action Against Ryanair 
  • Major Chrystina Jones To Receive 2017 Katharine Wright Trophy
  • Afghan Air Force Receives First Delivery Of UH-60s At Kandahar Airfield
  • Alaska Air Cargo Introduces World's First Converted 737-700 Freighter

Get Comprehensive, Real-Time, 24/7 coverage of the latest aviation and aerospace stories anytime, at aero-news.net. And be sure to join us again tomorrow, LIVE from Oshkosh 2017, for the next edition of "Airborne Unlimited" here on Aero-TV. Thanks for watching. See you, again, tomorrow!

© 2017, Aero-News Network, Inc., ALL Rights Reserved.

FMI: www.airbornetv.net, www.aero-news.net, www.aero-tv.net, www.youtube.com/aerotvnetwork, https://vimeo.com/aerotvnetwork, http://twitter.com/AeroNews

 


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