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Showing posts from July, 2022

A total of a hundred Boeing 737 MAX 10 aircraft will be purchased by Delta

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A total of 100 Boeing 737 MAX 10 jets worth roughly $13.5 billion at list prices will be purchased by Delta, which has the option to purchase an additional 30 planes Image Source The United States airline announced on Monday that Delta Air Lines plans to purchase 100 Boeing 737 MAX 10 jets for a list price of around $13.5 billion, and the company also has options to purchase an additional 30 aircraft. It was reported by Reuters in March that Delta was moving closer to placing an order for one hundred Boeing 737 MAX 10 aircraft, and it was reported by Reuters just last week that Airbus was in talks with Delta to increase an existing order of Airbus A220 aircraft. The announcement was made by Delta during the Farnborough Airshow, and it stated that the company will begin accepting MAX 10 deliveries in the year 2025. Before, Delta was the only major US airline that did not currently own or have plans to acquire a MAX aircraft. After two deadly crashes involving the MAX, which together k...

An ex-CEO of Theranos has admitted to federal charges of fraud

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Former Theranos COO and ex-boyfriend Ramesh "Sunny" Balwani has been convicted of defrauding investors and patients of the blood testing startup Image Source Following a lengthy trial that began in March with opening statements, the jury's deliberations lasted for four full days. Balwani was found guilty on all 12 counts, including ten counts of federal wire fraud and two counts of conspiracy to commit wire fraud, by a jury made up of five men and seven women. When it came to charges of defrauding patients and investors, a separate jury acquitted Holmes, but they were unable to come to an agreement over the other three. On four counts relating to investors, she was convicted. Four years ago, along with Holmes, the founder and former CEO of the failed blood testing startup, Balwani was indicted on charges of defrauding investors and patients. Due to Holmes' legal team revealing that she planned to accuse them of having a relationship, their trials were halted. SPONSO...