Prince William and Kate release photo of daughter Charlotte to mark ninth birthday
Prince William and his wife Kate released a picture of their daughter Charlotte to mark the princess's ninth birthday on Thursday.
American Airlines said Thursday it plans to invest US$25 million in U.K.-based Vertical Aerospace Group and consider a US$1 billion order for small, electric-powered aircraft that can take off and land like helicopters.
The American announcement came as Vertical Aerospace disclosed that it has agreed to merge with special-purpose acquisition company Broadstone Acquisition and become a publicly traded company later this year.
American, Microsoft's M12, Honeywell, Rolls-Royce and others will take stakes in Vertical through private investment in public equity, or PIPE transactions. Another investor, Irish aircraft leasing company Avolon, said Thursday that it placed a US$2 billion conditional order for up to 500 Vertical aircraft.
Vertical is working to develop a four-passenger electric aircraft that could carry people from city centers to airports. The company said it plans to conduct its first test flight later this year and hopes to gain regulatory approvals as early as 2024.
American said it expects to make a "pre-order" up to 250 aircraft -- suggesting a price tag of US$4 million per aircraft -- with an option for 100 more. The order hinges on Vertical meeting certain terms, which the companies did not detail.
The deal is the latest move by a major airline to demonstrate interest in developing technology around electric aircraft and alternative fuels. United announced a similar deal with another electric vertical-takeoff hopeful, Archer Aviation, in February. Critics view the announcements as greenwashing by airlines whose planes are a growing source of climate-changing emissions.
------
This story has been updated to correct that the suggested price in American's "pre-order" would be US$4 million per aircraft, not US$40 million.
Prince William and his wife Kate released a picture of their daughter Charlotte to mark the princess's ninth birthday on Thursday.
A Canadian restaurant lowered its prices this week, and though news of price tags dropping rather than climbing sounds unusual, the business strategy in this case is not, according to experts in the field.
Inspections are underway at more than one Loblaws location in Ottawa after complaints were filed about tall Plexiglas barriers.
Canadian baseball player Tyler Black made a major splash in his first-ever big league game for the Milwaukee Brewers on Tuesday night.
Scientists studying a Neanderthal woman's remains have painstakingly pieced together her skull from 200 bone fragments to understand what she may have looked like.
The makers of Ozempic say their weight-loss drug Wegovy will be available to patients in Canada starting Monday.
Archeologists have unearthed the skeletons of five people, missing their hands and feet, at a former Nazi military base in Poland.
The trusted traveller program between Canada and the United States is extremely popular and almost two million Canadians have a Nexus card.
In an effort to balance the profitability of Mother's Day with the pain it causes some people, some brands are offering customers the choice to opt out of Mother's Day email advertising.
A group of SaskPower workers recently received special recognition at the legislature – for their efforts in repairing one of Saskatchewan's largest power plants after it was knocked offline for months following a serious flood last summer.
A police officer on Montreal's South Shore anonymously donated a kidney that wound up drastically changing the life of a schoolteacher living on dialysis.
Since 1932, Montreal's Henri Henri has been filled to the brim with every possible kind of hat, from newsboy caps to feathered fedoras.
Police in Oak Bay, B.C., had to close a stretch of road Sunday to help an elephant seal named Emerson get safely back into the water.
Out of more than 9,000 entries from over 2,000 breweries in 50 countries, a handful of B.C. brews landed on the podium at the World Beer Cup this week.
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.
The lawyer for a residential school survivor leading a proposed class-action defamation lawsuit against the Catholic Church over residential schools says the court action is a last resort.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
A property tax bill is perplexing a small townhouse community in Fergus, Ont.