Aviation
Vahana, the Self-Piloted, eVTOL aircraft from A³ by Airbus, Successfully Completes First Full-Scale Test Flight
Pendleton, Oregon – February 1, 2018 – Vahana, the all electric, self-piloted, VTOL aircraft from A³ by Airbus, today announced the successful completion of its first full-scale flight test, reaching a height of 5 meters (16 feet) before descending safely. The test was completed at8:52AM Pacific on January 31, 2018 at the Pendleton UAS Range in Pendleton, Oregon. Its first flight, with a duration of 53 seconds, was fully self-piloted and the vehicle completed a second flight the following day.
“Today we are celebrating a great accomplishment in aerospace innovation,” said ZachLovering, Project Executive of Vahana. “In just under two years, Vahana took a concept sketch on a napkin and built a full-scale, self-piloted aircraft that has successfully completed its first flight. Our team is grateful for the support we’ve received from A³ and the extended Airbus family, as well as our partners including MTSI and the Pendleton UAS Range.”
Vahana is a project developed at A³, the Silicon Valley outpost of Airbus. A³ enables access to unique talent and ideas, new partnership opportunities, and execution at speed. Vahana aims to democratize personal flight and answer the growing need for urban mobility by leveraging the latest technologies in electric propulsion, energy storage, and machine vision.
“Vahana’s first flight demonstrates Airbus’ unique ability to pursue ambitious ideas quickly, without compromising the quality and safety for which the company is well-known. For A³, it proves that we can deliver meaningful innovation with aggressive project timetables, to provide a real competitive advantage for Airbus,” said Rodin Lyasoff, A³ CEO and former Project Executive of Vahana. “Our focus now is on celebrating the work of the tireless Vahana team while maintaining the momentum of this accomplishment.”
Vahana leverages its self-piloted capabilities to operate without a passenger. Following these successful hover flights, the team will turn to additional testing, including transitions and forward flight.
Aviation
No More Jet Airways. Supreme Court Says “No Choice”, Orders Liquidation
Jet Airways was once one of India’s leading airlines, known for its service and extensive network. Founded in 1993, it served millions of passengers, connecting cities across India and international destinations.
However, since grounding its flights in April 2019, Jet Airways has struggled to navigate financial turbulence, leading to years of efforts to revive the airline and return it to the skies.
On Thursday, the Supreme Court ordered the liquidation of Jet Airways, citing “no choice” but to take this decisive step after the resolution plan failed to meet creditor obligations. The court invoked its extraordinary powers under Article 142, which allows it to make orders for “complete justice” in any case, overriding previous tribunal rulings.
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The Jalan-Kalrock Consortium (JKC), which had won the bid to revive Jet, faced criticism for not fulfilling payment commitments to creditors, which included major banks like the State Bank of India and Punjab National Bank.
The Supreme Court’s ruling pointed to “peculiar and alarming” issues surrounding the resolution plan’s implementation, leading to its conclusion that liquidation was the only feasible outcome.
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Chief Justice DY Chandrachud, alongside Justices JB Pardiwala and Manoj Misra, emphasized that while liquidation should be a last resort, it was necessary as the resolution plan was “no longer capable of implementation.”
In line with this decision, the court ordered that the ₹200 crore already infused by JKC be forfeited and directed the National Company Law Appellate Tribunal (NCLAT) in Mumbai to appoint a liquidator to oversee the process.
JKC, a partnership between Murari Jalan, a UAE-based Indian entrepreneur, and Florian Fritsch, a Jet shareholder through Kalrock Capital Partners Limited, had taken ownership of Jet Airways two years after it was grounded. The consortium’s inability to fulfill its financial obligations has now led to this final verdict, marking the end of an era for Jet Airways in India.
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