The HondaJet, first developed as the HA-42 model, is a very light business jet manufactured by the Honda Aircraft Company in Greensboro, North Carolina, United States. It was first developed in the 1990s and has some interesting design features. It first flew in December 2003 but Federal Aviation Administration (FAA) certification was not achieved until December 2015, when deliveries also started. As of February this year, 200 HondaJet have been produced and it still remains in production today. Let's find out more about the HondaJet series. A basic rundown The aircraft has space for six or seven passengers and has a composite fuselage and an aluminum wing, It has two GE Honda HF120 turbofan engines attached to pylons above the wing and produce 2,050 pounds of thrust. In the cruise, the aircraft can reach speeds of 422 knots or 782 kilometers per hour. The HondaJet HA-42 has a range of 1,547 nautical miles or 2,865 kilometers. The aircraft manufacturer has received awards for the HondaJet's innovative design. Still in production today, Honda first looked at the development of a small-size business jet in the late 1980s and assembled the MH01 turboprop and the MH02 prototypes at the Mississippi State University Raspet Flight Research Laboratory. Flight testing continued until 1996, when the aircraft was moved to Japan. The aircraft was designed by Honda Aircraft's founder, Michimasa Fujino, who interestingly designed the aircraft's nose, influenced by shoes by Salvatore Ferragamo, or so he said. Another unusual design feature is the Over The Wing Engine Mount (OTWEM) and is unique to Honda Aircraft. It maximizes cabin space by removing the structure that is normally used to mount engines near the fuselage and is considered to be one of the most unusual features of the aircraft. Doubts over production In October 2000, Honda R&D Americas built their research facility at Piedmont Triad International Airport in Greensboro. Although the first flight took place in December 2003, Honda Aircraft was still unsure of the commercial potential of the aircraft. To understand further, Fujino displayed the aircraft at the EAA AirVenture Oshkosh airshow in 2005. After attracting much interest, they decided to announce that the aircraft was going into production, at the same event, the following year. They planned deliveries of the aircraft for 2010 with an asking price of $3.65 million. The first flight of a production aircraft took place in June 2014. It was certified by the FAA in December 2015, by the European Union Aviation Safety Agency (EASA) in May 2016 and in Japan in December 2018. The estimated cost of the HondaJet program was between $1.5 and $2 billion. During 2015, Honda Aircraft hoped to produce 40 aircraft and upped that to 60 aircraft in the following year and 20% of the aircraft were bound for Europe. Honda Aircraft planned to up production further to 80 aircraft per year from 2019. The HondaJet soon was to become the top-selling aircraft in the very light category. The HondaJet Elite - an introduction The HondaJet Elite was introduced in May 2018 with a better performance envelope, updated flight deck and improved interior. The FAA amended the certification, as did EASA. The Elite's takeoff roll was reduced and its range increased, an auxiliary fuel tank was added and the aerodynamics were improved. Vibration and noise in the cabin were reduced and the lavatory was fitted with a seatbelt allowing a seventh passenger to travel. There was a small galley and the cockpit was fitted with the Garmin G3000 avionics suite. The payload was increased and it had a speed of Mach 0.676 or 720 kilometers per hour. In 2019, a medivac version was introduced and in the same year, the HondaJt first flew on Sustainable Aviation Fuel (SAF). It was certified in Canada, China and Turkey and cost $5.28 million. In 2020, EASA certified the aircraft for steep approaches and the galley was removed to add an extra seat, so it could now take eight passengers. It now costs $ 5.75 million. The original HondaJet could be upgraded with the Advanced Performance Modification Group (APMG) at a cost of $250,000 for modifications. The HA-480 Echelon Honda Aircraft unveiled the Echelon in 2021 as the HondaJet 2600 concept, which could feature up to eleven seats in the cabin. Its range is 2,625 nautical miles or 4,862 kilometers and it has a cruise speed of 450 knots or 830 kilometers per hour and can reach a ceiling of 47,000 feet. It costs between $10 and $12 million and will be the longest-range single-pilot business jet. The Echelon has the same configuration as the original variant but has a stretched fuselage and a larger wingspan. In June 2023, Honda Aircraft announced the production of the Echelon. Assembly of the aircraft is due to start in 2025 and certification is projected for 2028 or 2029. The aircraft has Williams FJ44-4C turbofan engines which produce 3,450 pounds of thrust, a carbon fiber fuselage and a larger cabin. It is also 20% more fuel efficient than its competitors, the Embraer Phenom 300, the Pilatus PC-24 and the Cessna Citation CJ3/CJ4. HondaJet Elite II The HondaJet Elite II was introduced in October 2022, with improved aerodynamics, more fuel capacity and an increase in gross weight. It has a range of 1,547 nautical miles or 2,865 kilometers and has a cruise speed of 422 knots or 782 kilometers per hour. The flight deck is fitted with the Garmin G3000 avionics suite and features autothrottles and emergency autoland. The aircraft has a new paint scheme and upgraded interior. It was certified by the FAA in November 2022 and costs $6.95 million. Aircraft deliveries Year 2015 2016 2017 2018 2019 2020 2021 2022 2023 All Deliveries 2 23 43 37 36 31 37 17 22 248 Billings (million $) (est.) 9 103.5 209.2 183.1 179.5 164.3 199.3 104.8 152.9 1,305.6 Average (million $) (est.) 4.5 4.5 4.87 4.95 4.99 5.3 5.39 6.16 6.95 5.26 In 2018, deliveries were on the slow side, partly due to delivery timings and customer schedules as well as the transition to the HondaJet Elite. Again, deliveries slowed due to the Covid-19 pandemic. Other issues include a lawsuit with fractional aircraft operator Jet It, after a runway incursion and consequently, Jet It sold their fleet of HondaJets and replaced them with Embraer Phenom 300s. This was settled out of court. There were some safety concerns from the HondaJet Owners and Pilots Association, after eight accidents occured in a twelve-month period. Aircraft specifications comparison (Data from Wikipedia, Honda Aircraft Company) Variant HondaJet Elite Elite II Echelon Cockpit crew 1 or 2 Typical seating 4 or 5 passengers 6, 8 or 9 passengers Maximum seating 7 passengers 10 passengers Length 42 ft 7 in (12.99 m) 57 ft 10 in (17.62 m) Wingspan 39 ft 9 in (12.12 m) 56 ft 9 in (17.29 m) Height 14 ft 11 in (4.54 m) 15 ft 11 in (4.84 m) MTOW 10,600 lb (4,808 kg) 10,701 lb (4,854 kg) 11,100 lb (5,035 kg) 17,550 lb (7,938 kg) Cabin height 4.83 ft (1.47 m) 5 ft 3 in (1.59 m) Cabin width 5 ft (1.52 m) 5 ft 1 in (1.55 m) Engine (× 2) GE Honda HF120, 2,050 lbf (9.1 kN) Williams FJ44-4C, 3,450 lbf (15.3 kN) Cruising speed 422 kn (782 km/h; 486 mph) at FL300 450 kn (830 km/h; 520 mph) Range 1,223 nmi (2,265 km; 1,407 mi) 1,437 nmi (2,661 km; 1,654 mi) 1,547 nmi (2,865 km; 1,780 mi) 2,625 nmi (4,862 km; 3,021 mi) Awards and accolades for the HondaJet Designer and Honda Aircraft Company CEO Michimasa Fujino won: Business and Commercial Aviation Vision Award (2008) American Institute of Aeronautics and Astronautics (AIAA) Aircraft Design Award (2012) SAE International Clarence L. (Kelly) Johnson Aerospace Vehicle Design and Development Award (2015) International Council of Aeronautical Sciences (ICAS) Award for Innovator in Aeronautics (2017) Living Legends of Aviation Industry Leader of the Year Award (2017) AIAA Reed Aeronautics Award (2021) The HondaJet aircraft awards include: Robb Report: Best of the Best Business Jets (2007) Aviation Week and Space Technology: Techs to Watch (2015) Popular Science: Best of What's Now (2014) Flying Magazine: Flying Innovations Award (2017) AIAA Foundation Award for Excellence (2018) Aviation International News (AIN) Top Flight Award (2021) Read More: What Makes the HondaJet 2600 So Special? In conclusion The HondaJet Aircraft Company uses advanced technology to build safe and efficient aircraft such as the original HondaJet, the HondaJet Elite and the upcoming HondaJet Echelon. They like to defy the norm in the industry and produce aircraft that can meet a variety of different missions. They want to make private aviation more accessible and enhance the benefits of travel by private jet. Their aircraft are suited to business or private owners, entrepreneurs, charter operators and for special missions and medivac services. The aircraft are designed to be safe, comfortable and fuel-efficient through aerodynamic performance. Their aircraft emit less CO2 without inhibiting performance and have lower operating costs than comparable aircraft of a similar class. Over 200 aircraft are in service and have a 99.97% dispatch reliability rate and have logged more than 98,000 flight hours. Related: A Complete Pricing Guide To The HondaJet Elite IIJioCinema was briefly down ahead of the IPL 2025 mega auction day 1 on Sunday. According to Downdetector, a platform that reports online outages, at one time over 2000 people complained about issued on the application and website. Jio fixed the issues just before the auction began at 3:30 PM. About 39% of reports on Downdetector were about mobile internet issues, 31% were about the website and the next about Jio Fiber. Read More: Virat Kohli Creates HISTORY, Becomes First Player In The World To... Still Seeing Error 419 On JioCinema? Error 419 on JioCinema typically occurs due to authentication issues or connectivity problems. Here are the steps you can take to resolve the issue: Check Your Internet Connection: Ensure your Wi-Fi or mobile data is stable and offers sufficient speed for streaming. Restarting your router can help improve connection stability. . Clear Cache and Data: On Android: Go to Settings > Apps > JioCinema > Storage, then clear cache and data. On iOS: Uninstall and reinstall the app, as there's no direct option to clear the cache. . Update the App: Ensure you're using the latest version of the JioCinema app from the Google Play Store or App Store to avoid compatibility issues. Read More: I Am Not A Guy Who....: Virat Kohli Takes Subtle Dig At Critics After Record-Breaking Century In Perth Reinstall the App: If the error persists, uninstall the app and reinstall it. This clears corrupted files that might be causing the issue. Switch to JioCinema Website: Use a web browser to access JioCinema at www.jiocinema.com. Log in and try streaming from there. Check for Server Outages: Visit platforms like DownDetector or JioCinema's official social media channels to check for reported outages. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Technology Science and around the world.
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Talen Energy Corporation Announces Upsize of Term Loan B Financing and Related Repurchase of Common Stock
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HOUSTON, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN ) announced today that the Company has upsized its previously announced incremental Term Loan B credit facility from $600 million to $850 million (the “Upsize”). As previously announced, the Company has executed an agreement to repurchase at least $600 million in aggregate purchase price of shares of its outstanding common stock (the “Repurchase”) from affiliates of Rubric Capital Management LP (collectively, “Rubric”). The additional proceeds from the Upsize will be used to repurchase additional shares from Rubric in the Repurchase on the same terms as the initial sizing. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Talen Talen Energy (NASDAQ: TLN ) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably, delivering the most value per megawatt produced and driving the energy transition. Talen is also powering the digital infrastructure revolution. We are well-positioned to capture this significant growth opportunity, as data centers serving artificial intelligence increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/ . Investor Relations: Ellen Liu Senior Director, Investor Relations InvestorRelations@talenenergy.com Media: Taryne Williams Director, Corporate Communications Taryne.Williams@talenenergy.com Forward-Looking Statements This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecasts,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things, capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources and accounting matters. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations, and are subject to numerous factors that present considerable risks and uncertainties.