Aviation

Virgin Galactic unveils new spaceship 2 ..!

Sir Richard Branson Unveils Virgin Galactic’s New Spaceship Named VSS UNITY By Professor Stephen Hawking

Mojave, CA – February 19, 2016 – Virgin Galactic, the privately-funded space company owned by Virgin Group and Abu Dhabi’s Aabar Investments PJS, today unveiled its newly completed SpaceShipTwo. The rollout ceremony was attended by Sir Richard Branson and his family, Virgin Galactic’s Future Astronauts, and partners.

Professor Stephen Hawking named the new vehicle Virgin Spaceship (VSS) Unity via a recorded speech and said, “I would be very proud to fly on this spaceship.”

The ceremony featured four generations of Sir Richard’s family, from his mother Eve, Richard himself, his son Sam, to his grandchild Eva Deia who celebrated her first birthday by “launching” the spaceship in the traditional way but with milk in place of bubbly. The ceremony also included a video congratulations from Nobel Peace Prize winner Malala Yousafzai emphasizing the importance of space to science and technical education. Photos and speech transcripts can be found here:

The new SpaceShipTwo is the first vehicle to be manufactured by The Spaceship Company, Virgin Galactic’s wholly owned manufacturing arm, and is the second vehicle of its design ever
constructed. VSS Unity was unveiled in FAITH (Final Assembly Integration Test Hangar), the Mojave- based home of manufacturing and testing for Virgin Galactic’s human space flight program. VSS Unity featured a new silver and white livery and was guided into position by one of the company’s support Range Rovers, provided by its exclusive automotive partner Land Rover.

The new vehicle’s build process kicked off in 2012 with each component part undergoing rigorous testing before assembly. With VSS Unity now fully manufactured and unveiled, The Spaceship Company will undertake integrated systems verification, followed by ground and flight tests in Mojave and ground and air exercises at its future home in Spaceport America, New Mexico. The Spaceship Company has already started work on the next SpaceShipTwo.

Based on the smaller 2004 X-PRIZE winning SpaceShipOne designed by Burt Rutan, SpaceShipTwo is designed to take a crew of two pilots and up to six passengers to space. Virgin Galactic’s space flight experience features an air launch followed by a rocket-powered ascent at three and a half times the speed of sound, the silence of space, several minutes of out-of-seat weightlessness and multiple windowed views of our home planet.

Virgin Galactic’s budding commercial spaceline fleet now consists of the spaceship VSS Unity and two dedicated carrier aircraft—the WhiteKnightTwo VMS Eve for human spaceflight and the 747-400 Cosmic Girl for the LauncherOne small satellite launch service.

Virgin Group founder Sir Richard Branson said, “Together, we can make space accessible in a way that has only been dreamt of before now, and by doing so can bring positive cha

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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.