Economy

2024-01-27 05:08:22

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#Worryingly #household #debt #shows #signs #rising #trillion #baht #SaturdaySunday #News #Field #CH7HD #News

2024-01-27 03:48:00

The American airline Alaska Airlines on Friday returned to service one of its Boeing 737 MAX 9s, suspended from flight by the American regulator following the door of a plane unhooked in mid-flight on January 5.

The company announced online in the morning that its flight 1146 would launch the gradual return to service of its fleet of 65 737 MAX 9 planes.

The returned aircraft, flying from Seattle to San Diego, took off regarding an hour late, landing at its destination in southern California shortly following 3 a.m. The aircraft was among the most followed in the world on the flight tracking site Flightradar24, notably ahead of one of the planes of the Saudi royal family.

Ben Minicucci, boss of Alaska Airlines, clarified Thursday, during an audio conference with analysts devoted to 2023 results, that he anticipated a resumption of these flights from Friday.

The return to operation of the fleet should last until the beginning of February.

Planes suspended from flight

On January 5, a cap holder in the cabin of one of Alaska Airlines’ Boeing 737 MAX 9s flying from Portland (Oregon) to Ontario (California) came loose in flight.

Airlines have the possibility of blocking a door when the number of existing emergency exits is sufficient in relation to the number of seats on the aircraft. This modification has been made on 171 of the 218 Boeing 737 MAX 9s delivered to date.

Following the incident, the American Aviation Regulatory Agency (FAA) suspended the aircraft configured in this way until further notice.

>> Reread: The Boeing 737 MAX 9 grounded in the United States following a door took off

The regulator announced Wednesday evening that it had established a “vast” maintenance and inspection program to allow these planes to return to the air.

Investigation still ongoing

Alaska Airlines said Friday morning that the inspection of its fleet – up to a dozen hours per aircraft – should be completed “by the end of next week”.

“This will allow us to operate our flight program in full,” noted the company, which estimates that 3,000 flights will have been canceled in January due to the suspension, for financial consequences estimated at $150 million.

The US Transportation Safety Agency (NTSB), responsible for determining the circumstances of the January 5 incident, indicated Friday that one of its investigators was to return that same day to the Boeing factory in Renton, in Washington State.

The team of investigators will “establish a chronology from the first stages of production of the cap holder to the in-flight accident,” said the agency, adding that they will also review the documentation linked to the aircraft (production and maintenance). She is expected to report on her investigation next week.

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#Return #service #Boeings #involved #flying #door #incident #rts.ch

2024-01-27 03:06:41

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#Major #real #estate #companies #Emirates #working #luxurious #projects #Sky #News #Arabia

2024-01-26 23:30:00

Manta Network, which operates on the second layer of the blockchain with an increased level of confidentiality, encountered an emergency situation when listing its billion-dollar tokens earlier this month. The events unfolded on January 18, when the blockchain suffered a distributed DDoS attack, causing the network to be temporarily paralyzed for several hours due to 135 million remote procedure call (RPC) requests.

The transfer of 2 million MANTA tokens to the personal wallet of a Korean business development representative has become the subject of investor speculation. The company later clarified that this was only initial investment support for its decentralized finance (DeFi) project LayerBank.

Despite these challenges, the network quickly recovered and now has a market capitalization of $3.1 billion. Kenny Lee, co-founder of p0x labs and creator of the Manta Network, emphasized that thanks to layer-2 technology, the profitability of the protocol has increased significantly.

“Over the past month, we have saved users regarding $1 million,” Lee said. “We strive to find a balance between transaction volume and overall revenue.”

As the network scales up, p0x labs plans to award ecosystem grants to projects with outstanding results, such as Zero Lend, whose Total Volume Locked (TVL) exceeded $19 million shortly following launch.

Regarding the budget and plans for the current year, Lee stated that the focus will be on business development in Korea, where the volume of the Ethereum virtual machine, LayerBank money market and Shoebill lending protocol has exceeded $350 million TVL.

Despite its growth, the project has had to abandon its legacy goals, including exploring the privacy aspects of zero-knowledge technology, due to regulatory uncertainty in the US.

Instead, Manta Network is actively developing zero-knowledge decentralized applications, such as fully online poker and decentralized identity minting. The combined value of Manta Network’s minted and combined assets currently stands at $1.5 billion.

In recent developments, on July 19, 2023, p0x labs successfully raised $25 million in Series A, valuing itself at $500 million, with participation from Polychain Capital and Qiming Venture Partners.

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#failed #token #offering #Manta #Network #business