Latest News
-
What were the names of the two pilots that flew the Air India jet which crashed?
In a preliminary report, investigators investigating a fatal Air India crash stated that the aircraft's fuel switches had been briefly flipped into the off position. This caused confusion in the cockpit which focused attention on the Boeing 787 pilots. Here is a short profile of both pilots, based on media reports and the preliminary investigation report: CAPTAIN SUMEET SABHARWAL The 56-year old pilot had a valid airline transport pilot's license until May 14, 2026. He was cleared to fly in the role of pilot-in command on a number of aircraft, including the Boeing 787, 777 and Airbus A310. He has a total of 15,638 flying hours. Of these, 8,596 were spent on a Boeing 7. According to a report in the Times of India, Sabharwal called his family at the airport and assured them that he would call again once he landed in London. He was described as a gentleman by a pilot who briefly spoke with him. FIRST OFFICER CLIVE KUNDER The 32-year old had a commercial license that was issued in 2020, and it was valid until 26 September 2025. He was cleared to fly the Cessna 172, Piper PA-34 Seneca and Airbus A320 as well as Boeing 787 as a co-pilot. His total flying time was 3,403 hrs. One-hundred and twenty eight hours were spent as a copilot on a 787. Indian media, citing his family, reported that Kunder has been a passionate flyer since his school days. In 2012, he began working as a pilot. He joined Air India as a pilot in 2017. Reporting by Abhijith and Adityakalra, editing by Jamie Freed
-
Air India's Boeing Dreamliner crash: Inside the cockpit
The preliminary report on the Air India crash, which killed 260 people in the last month, showed that the fuel cutoff switches for the engines were almost simultaneously switched from run to shutoff. This deprived the engines of fuel. The sequence of events on June 12 is detailed in the preliminary report by Indian investigators, released on Saturday. Air India Dreamliner VTANB landed at Ahmedabad as AI423 at 05:47 GMT. 07:48 GMT - An aircraft was seen departing Bay 34 of the airport. The aircraft asked for taxi clearance which was granted to it by the air traffic control. A minute later, the aircraft taxied backwards and lined up in preparation for takeoff. 08:02 GMT - The aircraft has been transferred from tower to ground control. Take-off clearance has been issued at 08:07 GMT. The aircraft began rolling at 08:07 GMT. Aircraft lifted off at 08:08 GMT. The report stated that "the aircraft air/ground sensor switched to air mode in accordance with liftoff." Aircraft reached maximum airspeed of 180 knots at 08:08 GMT. "Immediately after, the Engine 1 fuel cutoff switch and Engine 2 fuel shutoff switch transitioned one by one from RUN to CUTOFF with a gap of 1 sec." The Engine N1 and N2 started to degrade from their takeoff values when the fuel supply was cut off. In the cockpit recording, one pilot is heard asking another why he cut off. The other pilot replied that he didn't do it The airport's CCTV footage shows Ram Air Turbines (RAT) being deployed immediately after take-off. The aircraft began to lose height before crossing the perimeter wall of the airport. The RAT hydraulic pump started supplying power at 08:08 GMT. Both engines "passed the minimum idle speed". The fuel cutoff switch for Engine 1 has been changed from CUTOFF (stop) to RUN (run). The fuel cutoff switch for Engine 2 also changes from CUTOFF (stop) to RUN at 08:08 PM GMT. When fuel control switches from CUTOFF are changed to RUN during flight, the full authority dual engine controls (FADECs) of each engine automatically manage a relighting and thrust recovery sequence. Engine 1's core speed deceleration halted, reversed, and began to recover. Engine 2 could relight, but it was unable to stop core speed deceleration. Fuel was repeatedly added to the engine to increase core acceleration and recovery. The pilot who sent "MAYDAY Mayday Mayday" at 08:09 GMT. 08:09 GMT - Data recording has stopped. (Reporting by Aditya Kalra; Editing by Jamie Freed) 08:14.44 GMT - Crash Fire tender leaves the airport premises to rescue and fight fires. (Reporting and editing by Jamie Freed; Aditya Klra)
-
What is the fuel switch at the heart of the Air India crash investigation?
Investigators' preliminary report on the Air India crash, which killed 260 people, revealed that the Boeing 787 aircraft's fuel control switches had been briefly turned off seconds after takeoff. This deprived the engines of fuel. Here are some facts about switches, their function in the aircraft, and their movement on an Air India flight. What are fuel switches? These switches regulate the fuel flow to a plane's engine. Pilots use them to shut down or start engines manually on the ground, or to shut down or restart an engine if it fails during flight. Experts in aviation say that a pilot could not accidentally move fuel switches feeding the engines. If moved, however, it would immediately cut off the engine's power. According to John Cox, an aviation safety expert from the United States, there are separate power systems and wirings for the fuel shutoff switches and fuel valves that they control. Where are the fuel switches located? The fuel control switches are located under the thrust levers on a 787. In Air India's example, they were equipped with two GE engine. The switches have a spring loaded mechanism that keeps them in place. The pilot must first lift the switch and then change it from cutoff to run. There are two different modes: 'CUTOFF" and "RUN". What happened on the fatal AIR INDIA flight? According to the flight recording, after takeoff switches for both engines were switched from "RUN" to "CUTOFF", one after the other, with a gap of one sec. The engines started to lose power as a result. On the cockpit voice recording, one pilot is heard asking the other pilot why he has cut off the fuel. The report stated that "the other pilot replied that he had not done so." The flight's first officer and captain did not make any specific remarks. The preliminary report states that the switches were flipped back into 'RUN" seconds later. The report said that both fuel control switches had been found in the "RUN" position on the crash site. The report stated that when fuel control switches from 'CUTOFF to RUN' are changed while an aircraft is flying, the control system of each engine automatically manages the relighting and thrust recovery sequences for ignition and fuel injection. John Nance, an aviation safety expert from the United States, said that "no sane person would turn off those switches in flight," particularly as the plane was just beginning to climb. (Reporting from Abhijith Gaapavaram, New Delhi; Dan Catchpole, Seattle; editing by Jamie Freed).
-
Air India's Boeing Dreamliner crash: Inside the cockpit
The preliminary report on the Air India crash, which killed 260 people in the last month, showed that the fuel cutoff switches for the plane's engine were almost simultaneously switched from run to shutoff. This deprived the engines of fuel. The sequence of events on June 12 is detailed in the preliminary report by Indian investigators, released on Saturday. Air India Dreamliner VTANB landed at Ahmedabad as AI423 at 05:47 GMT. 07:48 GMT - An aircraft was seen departing Bay 34 of the airport. 07:55 GMT - Air traffic control granted the taxi clearance to the aircraft. A minute later, the aircraft took Taxiway R4 from the bay and proceeded on the Runway 23. 08:02 GMT - The aircraft has been transferred from tower to ground control. Take-off clearance has been issued at 08:07 GMT. The aircraft began rolling at 08:07 GMT. Aircraft lifted off at 08:08 GMT. The report stated that "the aircraft air/ground sensor switched to air mode in accordance with liftoff." Aircraft reached maximum airspeed of 180 knots at 08:08 GMT. "Immediately thereafter, Engine 1 and Engine 2 Fuel Cutoff Switches transitioned one by one from RUN to the CUTOFF position with a time interval of 1 sec." The Engine N1 and N2 started to degrade from their takeoff values when the fuel supply was cut off. In the cockpit recording, a pilot is heard asking another why he cut off. The other pilot replied that he didn't do it The airport's CCTV footage shows Ram Air Turbines (RAT) being deployed immediately after take-off. The aircraft began to lose height before crossing the perimeter wall of the airport. The RAT hydraulic pump started supplying power at 08:08 GMT. Both engines "passed the minimum idle speed". The fuel cutoff switch for Engine 1 has been changed from CUTOFF (stop) to RUN (run). The fuel cutoff switch for Engine 2 also changes from CUTOFF (stop) to RUN at 08:08 PM GMT. When fuel control switches from CUTOFF are changed to RUN during flight, the full authority dual engine controls (FADECs) of each engine automatically manage a relighting and thrust recovery sequence. Engine 1's core speed deceleration stopped and reversed. It then started to recover. Engine 2 could relight, but it was unable to stop core speed deceleration. Fuel was repeatedly added to the engine to increase core acceleration and recovery. The pilot who sent "MAYDAY Mayday Mayday" at 08:09 GMT. 08:09 GMT - Data recording has stopped. (Reporting by Aditya Kalra; Editing by Jamie Freed) 08:14.44 GMT - Crash Fire tender leaves the airport premises to rescue and fight fires. (Reporting and editing by Jamie Freed; Aditya Klra)
-
Firefly, a space and defense company, filed its US IPO in 2024. Revenue growth is projected to be at least 20%.
Firefly Aerospace, a space and defense technology firm backed by AE Industrial Partners, disclosed on Friday a 10% increase in revenue for 2024 in its filing to go public in the United States. Firefly reported a revenue of $60,8 million in 2024 compared to $55.2 millions the previous year. Investors are returning to the U.S. IPO Market after months of sluggishness earlier this year, triggered by policy changes and tariff uncertainty under Donald Trump. "There's a window of opportunities' in space-related IPOs", said IPOX CEO Josef Schuster. He added that there is a strong appetite from investors for space-related offerings. This is due to the enthusiasm for the growth prospects in the space sector. When Voyager Technologies, a space firm, and Karman Holdings debuted their listings in the first quarter of this year, they received warm welcomes. Firefly, based in Texas, designs and manufactures small- and medium-lift launch vehicles as well as lunar landers and orbital transfer vehicle. First Moon landing In March, the Blue Ghost spacecraft will join a few private companies in the global race to the moon. Firefly Secured a Value of $2 Billion In a funding round in November 2024. It plans to list on Nasdaq with the symbol "FLY". Goldman Sachs is the lead underwriter for this offering. JPMorgan, Jefferies, and Wells Fargo will also be involved. (Reporting and editing by Pooja Deai in Bengaluru, with Prakhar Srivastava from Bengaluru)
-
The key events of the Air India crash investigation
The preliminary report on the Air India crash, which killed 260 people, revealed that the fuel cutoff switches for the engines were switched from run to off almost simultaneously seconds after takeoff. This deprived the engines of fuel. The timeline below shows the key events of the investigation so far: JUNE 12 Air India Boeing 787 Dreamliner headed for London crashed shortly after takeoff in Ahmedabad, killing all 242 passengers on board except one. JUNE 13 India's Aircraft Accident Investigation Bureau launches an investigation in the deadliest aircraft crash of the past decade. The team includes a representative from the U.S. National Transportation Safety Board, a flight traffic controller, and an aviation medicine specialist. Boeing 787 jets are equipped with two GE recorders. One is installed in the front of the jet and the other at the back. Both aircraft have a cockpit data recorder as well as a voice recorder. A black box is recovered on the roof of a nearby building. JUNE 16 The second blackbox unit was recovered from the debris on the crash site. JUNE 24 Indian Air Force aircraft transported the two black boxes separately from Ahmedabad, India to a lab at AAIB in Delhi. The team, led by the AAIB Director General and technical members of AAIB as well as the NTSB, began the data extraction in the evening. JUNE 25 The data from the memory module of the black box unit at the front end of the aircraft was successfully downloaded. In a report from 2014, the NTSB stated that the forward recorder has an independent power supply which provides backup power for the device for approximately 10 minutes in the event of a plane's loss of power. JULY 12 The preliminary report indicated that no action was recommended to Boeing or GE, indicating that a fault with the aircraft or engine is unlikely. The report said that one pilot could be heard asking the other pilot on the cockpit recording why he had cut off the gas. The report stated that "the other pilot replied that he had not done so." The crash report did not specify which flight captain made the remarks and which first officer. Nor did it identify which pilot sent out "Mayday Mayday Mayday" before the crash. The final report should be ready within one year after the accident. Reporting by Abhijith Gaapavaram, New Delhi. Editing by Jamie Freed
-
India discovers engine switch movement during fatal Air India crash; Boeing and GE do not take immediate action
The preliminary report on the Air India crash, which killed 260 people, revealed that three seconds after takeoff, the aircraft's fuel cutoff switches switched from run to off almost simultaneously, depriving the engine of fuel. According to the report published on Saturday by Indian aviation investigators, the Boeing 787 Dreamliner immediately started to lose thrust and sank down. On the cockpit voice recording, one pilot is heard asking the other pilot why he stopped the fuel. The report stated that "the other pilot replied that he had not done so." The crash report did not specify which flight captain made the remarks and which first officer. Nor did it identify which pilot sent out "Mayday Mayday Mayday" before the crash. The preliminary report does not mention how the switch on the flight to London from Ahmedabad, India, could have been flipped. John Cox, an aviation safety expert from the United States, said that a pilot could not accidentally move fuel switches feeding the engines. He said that a pilot would not be able to accidentally move the fuel switches that feed engines. The engines are cut off almost instantly by pressing the switch. Most often, it is used to shut down the engines once an aircraft has reached its gate at the airport or in emergency situations such as a fire. The report did not mention any emergency that would have required an engine cutoff. India's Aircraft Accident Investigation Bureau stated that "at this stage of the investigation, there are currently no recommended actions for Boeing 787-8 engine operators or manufacturers and/or GE GEnx-1B engines" Air India, Boeing, and GE Aviation didn't immediately respond to requests for comments. The investigation is being led by the agency under the Indian civil aviation ministry. Reporting by Hritam Mukerjee in Bengaluru and Gursimran Khur in New Delhi. Additional reporting by Allison Lampert and David Shepardson, in Washington, and Rajesh Kumar Singh, in Chicago. Writing and editing by Jamie Freed.
-
US port operators try to reduce the expected high tariffs on Chinese-built cranes
The U.S. Seaport Operators are requesting extra time for the implementation of pending tariffs against towering ship to shore cranes. They expect that President Donald Trump’s administration will follow through with a promise to ban this vital cargo handling equipment. In early this year, the United States Trade Representative proposed tariffs up to 100 percent on these cranes. This was after China sucked up market share to gain commercial and military dominance in the oceans. China, through its state-owned Shanghai Zhenhua Heavy Industries(ZMPC), has now dominated the global market. It has also supplied 80% of ship-to shore cranes to the United States. ZPMC operates more than 200 cranes across two dozen U.S. port locations, including Houston Los Angeles, and New York. Each crane costs between $10 million and $20 million. The Trump administration has made it a priority to stop this trend. In meetings, officials said they would put an end to these purchases. Carl Bentzel is the president of the National Association of Waterfront Employers, which represents terminal operators, and other groups. Bentzel responded, "I have been operating on the assumption that this is the minimum." When asked if he anticipated the tariff rate would be around 100%, Bentzel replied, "I have been operating under that position. This is basically a ban on using Chinese-made cargo equipment." USTR and White House didn't immediately comment. Trump isn't the first U.S. president to pressure ports to purchase cranes at higher prices from manufacturers who have ties with U.S. Allies. These include Konecranes in Finland, Mitsui E&S in Japan, and Liebherr, based out of Switzerland. Joe Biden placed 25% tariffs in 2024 on cranes that connect ship to shore from China after the Federal Bureau of Investigation, the National Security Agency and the Cybersecurity and Infrastructure Security Agency all publicly announced that China had sought to preposition vulnerabilities in American critical infrastructure including port equipment. Officials from the United States also warned that software, modems and other technologies in this equipment could be used to spy on military operations or as kill switches for port operations. Ports and terminal operators continue to buy Chinese cranes despite their lower cost. The inaction of the port operators is based on the desire to save money in the short term. However, they are underestimating the cost in the long run. William Henagan was the director for critical infrastructure in the National Security Council during Biden's tenure. In May, U.S. port operator and ZMPC representatives wrote to USTR to say that security concerns related to cranes were out-of-proportion to the risks. In May, USTR received letters from U.S. port operators and representatives of ZMPC stating that security concerns related to the cranes were out of proportion with the risk. NAWE, an industry organization that represents terminal operators, has been working hard to reduce the impact of new tariffs. They are asking for exemptions on previously ordered cranes, and for a transitional period before the new duties take effect. Bentzel stated, "We have chosen to work together."
INDIA RUPEE Rupee weakened by dollar rise, but modest outflows are still occurring; premiums for forward contracts have risen.
The Indian rupee fell on Thursday, mainly due to dollar bids coming from foreign banks. Also, the greenback was generally stronger after U.S. president Donald Trump announced a new tariff of 35% on Canadian imports beginning August 1.
The rupee was down 0.3% at 11:30 am IST as a result of modest portfolio outflows.
India's benchmark equity index, the Nifty50, dropped by 0.7%. The benchmark 10-year bond also suffered a slight decline.
Asian currencies were trading mixed, with the Chinese yuan edging higher after a stronger-than-expected midpoint fix by the country's central bank.
Trump said that he also plans to impose a tariff of 15% or 20% for most other trading partners, and that a letter stating the applicable rate could be sent by Friday to the European Union.
Analysts believe that while the market's reaction to the tariff threat has been more subdued than earlier this year, the uncertainty could continue to dampen the risk appetite.
The bias towards rupee appreciation is limited given the current environment. The support near 85.50 is still strong. There's a good chance that the pair will move back up towards 86.00," Amit Pabari said, managing director of FX advisory firm CR Forex.
The dollar-rupee fixed rate was quoted at a modest premium, around 0.2/0.3paisa on the day. This signaled a greater appetite to purchase dollars at the daily benchmark rate.
A trader from a private bank reported that dollar sales by a large, state-run, bank at around 85.90 helped to limit rupee losses.
The dollar-rupee premiums have also increased. The implied yield for the year is now 1.98% and the premium for the month has risen to 11.25 paisa.
A trader in a Mumbai bank stated that the Reserve Bank of India’s aggressive withdrawal of liquidity had put upward pressure on premiums for near-forward contracts. (Reporting and editing by Vijay Kishore; Jaspreet Klra)
(source: Reuters)