LE BOURGET, FRANCE – JUNE 17, 2019: An Israeli Eviation Alice electric aircraft, developed by Eviation Aircraft, on display at the 2019 Paris Air Show opened at Le Bourget Airport. Marina Lystseva/TASS (Photo by Marina LystsevaTASS via Getty Images)
Marina Lystseva | TASS | Getty Images
The Israeli start-up Eviation announced at the Paris Air Show that U.S regional airline Cape Air is to buy its electric aircraft.
Eviation is developing a nine-passenger aircraft designed to fly up to 650 miles at around 240 knots (276 miles per hour). A commercial jet would cruise around 500 miles per hour. The electric plane — called Alice with a prototype being unveiled at the show this week — is designed for the sort of distances usually conducted by train.
Cape Air is set to buy a “double-digit” number of the plane which has a list price of around $4 million each. It’s expected that any customer would be able to negotiate a smaller figure.
The company’s chief executive, Omer Bar-Yohay, told a press conference Tuesday that he expected to receive certification by late 2021, with deliveries predicted for 2022.
“This aircraft is not some future maybe. It is there, ready and waiting,” he said.
Bar-Yohay cited the contributions from Honeywell who built the plane’s controls as well as Siemens, and magniX who provided the electric motor and related functions.
A rendered image of the Eviation Alice. An electric aircraft designed to take 9 passengers up to 650 miles at 240 knots.
Bar-Yohay said the plane would now travel to Arizona in the United States where it would be flight tested before being put forward for certification with the U.S. FAA (Federal Aviation Administration).
The CEO added the plane should satisfy FAA concerns that it might create a backlog of training for pilots, as it was “probably one of the easiest planes to fly,” adding “this is one of the specimens that the FAA wants to see happen.”
The Eviation boss said that eventually, future planes would be built in the United States.
The aircraft comes with roughly 900 kilowatts of power split by three engines provided by magniX. Bar-Yohay claimed if there was a problem with the two wing engines, it could continue flying on the rear rotor only.
The CEO of magniX, Roei Ganzarski, also attended the launch, telling CNBC it was “exciting to see a dream come true.”
Ganzarski said his engines would be split between new clean sheet aircraft such as the Eviation and retrofitting existing small aircraft.
Most of Eviation’s funding is from Clermont Group, the private investment fund of Singapore-based billionaire Richard Chandler. Clermont has given Eviation $76 million in exchange for a 70% stake in the company, according to a filing with the U.S. Securities and Exchange Commission dated January 3.
SNP’s Sturgeon says Johnson has no mandate to take Scotland out of EU
Scotland’s First Minister Nicola Sturgeon said Boris Johnson has no mandate to take Scotland out of the European Union and demanded that they must be allowed to hold a fresh independence vote on its place in the United Kingdom.
In British elections held Thursday, Prime Minister Johnson looks set to win big and remain in power, with early results indicating his Conservative Party has gained a clear majority of parliamentary seats.
Speaking to BBC News, Sturgeon said, “I have a mandate, a fresh, renewed and strengthened mandate to offer the people of Scotland a different future.”
The exit poll, commissioned by Sky news, the BBC and ITV, projected the Scottish National Party (SNP) would win 55 out of 59 seats in Scotland.
Exit polling by Ipsos Mori was released soon after voting stations around the U.K. closed at 10 p.m. London time. It’s a survey of thousands of voters which has been reliably accurate in recent years. The poll projected that the Conservatives would win 368 seats in Parliament, a gain of 50 seats from the 2017 election.
“There is a mandate now to offer the people of Scotland the choice over our own future,” Sturgeon told Sky News on Friday.
“There is a clear desire and endorsement for the notion that Scotland should not be landed with a Boris Johnson government and ripped out of Europe against our own will,” Sturgeon told Sky News.
Reports suggest that Sturgeon is expected to write to Johnson next week asking him for approval to stage a new referendum. According to the Guardian, the prime minister is expected to reject the request.
Scotland, part of the United Kingdom for more than 300 years, rejected independence by 10 percentage points in a 2014 referendum.
Forbes 100 most powerful women of 2019
German Chancellor Angela Merkel has been named the world’s most powerful woman for the ninth year running in a wide-ranging list intended to celebrate the 100 most influential females of this year.
Forbes’ 2019 edition of its World’s Most Powerful Women, released Thursday, marked a return for the German leader, who has made 14 appearances in the list’s 16-year history.
Merkel was joined in the top spots by fellow prominent female political leaders.
Christine Lagarde moved up one place this year to second position after taking over a president of the European Central Bank. Speaker of the U.S. House of Representative, Nancy Pelosi, took third place and Ursula Von Der Leyen, president of the European Commission, fourth. The top five was rounded out by General Motors CEO Mary Barra.
This year’s top 100 females list featured women from six categories — business (31), technology (17), finance (12), media & entertainment (14), politics & policy (22) and philanthropy (4). Together, they control or influence more than $2.3 trillion in revenue and oversee nearly 6.5 million employees.
To determine the women’s rank within each category, as well as overall, Forbes applied four metrics: money, media, impact and spheres of influence. The publisher defined power as hard power (currencies and constitutions), dynamic power (audiences, communities and creative influence) and soft power (what leaders do with their influence).
Forbes’ executive vice president and president of ForbesWomen, Moira Forbes, said the list highlights the impressive strides women have made to upend traditional gender stereotypes over the past decade.
“This year’s list of World’s Most Powerful Women is a collection of innovators and instigators who are leading on the world stage to redefine traditional power structures and forge lasting impact in every industry and sphere of influence,” she said.
“As we come to the close of the current decade, our 2019 listees remind us of the huge strides that have been made by women, and the great opportunity they have to define the decade ahead,” Forbes added.
The 2019 list spans seven generations and 32 countries and territories.
Environmental activist and Time’s 2019 Person of the Year, Greta Thunberg, who ranked in 100th place, became the youngest person in the list’s history at the age of 16. She was ranked in 100th place. Queen Elizabeth (40th) was among the eldest.
Other list debuts were made by Kristalina Georgieva, managing director of the IMF (15th); Jessica Tan, co-CEO, CIO and COO of Ping An Group (22nd); Nirmala Sitharaman, India’s finance minister (34th); and singer/songwriter and entrepreneur Rihanna (61).
Overall, North America accounted for the greatest number of honorees at 50. It was followed by Asia Pacific (21), Europe (23), the Middle East (3), Latin America (2), and Africa (1).
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UK Labour leader Jeremy Corbyn says he will not lead the party in future elections
Labour party leader Jeremy Corbyn gives a speech at the County Hotel on June 4, 2017 in Carlisle, England. C
Jeff J Mitchell | Getty Images
Jeremy Corbyn announced he will not be leading the U.K.’s opposition Labour party in future elections, following what he called a “disappointing night.”
An exit poll by Ipsos Mori — commissioned by Sky News, the BBC and ITV — released shortly after the polls closed, projected that the Conservatives would win 368 seats in Parliament, a gain of 50 seats from the 2017 election. The U.K. pound quickly jumped more than 2% on the news.
Speaking on ITV on Friday, Corbyn said Labour will go through a reflection process and that he will lead the party during this period. However, he confirmed that he will not be leading the opposition party in any future election.
“This is obviously a very disappointing night for the Labour Party with the result that we’ve got,” Corbyn said.
The veteran left-winger was a surprise pick for his party back in 2015 and had spent 32 years on the backbenches of the House of Commons. However, he rose in popularity with the general public and stopped former Prime Minister Theresa May’s Conservative Party from gaining an outright majority in the 2017 election.
But he has been accused of pushing his party too far to the left. The party’s image has also been hit by claims of anti-Semitism, something that is being investigated by Britain’s human rights watchdog after a surge in complaints since Corbyn took office.
On Brexit, Corbyn was criticized for not fully backing the remain campaign during the 2016 referendum. More recently, the party had pledged to renegotiate a Brexit deal with the EU and to then put this to a public vote. But this proved to be fodder for attacks from the rival Conservative Party. Prime Minister Boris Johnson’s party claimed that Labour would “dither and delay for months and months” and then force the country though more referendums.
Sterling traded 2.4% higher against the dollar, at $1.3471, driven by exit poll results that predicted a Conservative win.
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