Textron Aviation has announced significant progress in the certification program for the Cessna Citation Ascend, a midsize corporate jet set to debut in 2025. The aircraft will feature cutting-edge enhancements to the Garmin G5000 avionics suite, promising transformative technological advancements…
Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today announced the successful closing of a Senior Secured Term Loan from Comvest Partners, a multi-billion-dollar investment management firm. The financing package includes a $44.5 million fully funded…
Despegar.com Corp. (NYSE: DESP) (“Despegar” or the “Company”), the leading travel technology company in Latin America, today reported its unaudited financial results for the three months ending September 30, 2024 (“Q3 2024”). The results, presented in U.S. dollars and in…
Alibaba Group Holding Limited (NYSE: BABA; HKEX: 9988 (HKD Counter); 89988 (RMB Counter)) today shared its financial results for the quarter ending September 30, 2024. “This quarter, we focused on enhancing the user experience and expanding our product offerings to…
Port Houston has been awarded $25 million in grant funding from the U.S. Department of Transportation’s Maritime Administration (MARAD). This funding, part of the Port Infrastructure Development Program (PIDP), was one of 11 large-scale port projects selected nationwide. The grant…
Kuehne+Nagel has announced the acquisition of a 51% stake in IMC Logistics (IMC), a leading marine drayage provider in the United States. The strategic investment aims to enhance Kuehne+Nagel’s access to North America’s critical logistics networks and provide flexible transportation…
American Airlines is set to handle nearly 8.3 million travelers during the Thanksgiving holiday season, operating more than 77,000 flights. This comes after a record-breaking fall season, during which the airline reported the fewest cancellations among major U.S. carriers in…
Japan Airlines Co., Ltd. (JAL), in collaboration with the New Energy and Industrial Technology Development Organization (NEDO) and KDDI Corporation (KDDI), successfully demonstrated the simultaneous operation of five drones at four different sites across Japan. The demonstration, conducted from October…
Polara Enterprises (Polara) is proud to introduce its latest innovation in the transportation industry: the Wireless Ped System (WPS). This cutting-edge product is designed to help cities meet Public Right of Way Accessibility Guidelines (PROWAG) requirements, enabling the quick and…
Transaction Network Services (TNS) has partnered with the Australian payments industry to introduce a fully managed infrastructure for the Australian Payment Network’s (AusPayNet) Community of Interest Network (COIN). The COIN is a high-availability, managed network designed for the secure transmission…
AeroVironment (AV) has unveiled a major software upgrade suite, called Project GOLD, that significantly enhances the battlefield performance of its Puma™ 3 AE and Puma™ LE uncrewed aircraft systems (UAS), even in high-threat environments. These updates empower the Puma UAS…
Porter Airlines has introduced a new daily, non-stop route between Toronto Pearson International Airport (YYZ) and Palm Beach International Airport (PBI), adding West Palm Beach as its sixth Florida destination. Travelers on this route will enjoy Porter’s acclaimed premium economy…