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Honda pitches new business jet as private travel soars

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The Honda Aircraft Company has rolled out plans for a new business jet that can fly non-stop across America

Honda, a big name in the automotive industry is tapping into the aviation industry as the company looks to tap into skyrocketing demand for private travel.

Under the proposal, the plane will have the capacity to seat up to 11 people and offer up to 20% better fuel efficiency than other jets in the category.

Honda Aircraft unveiled the new design at the National Business Aviation Association show in Las Vegas – renowned to be the industry’s largest business jet show.

Honda Aircraft, a subsidiary of Japan’s Honda Motor Co currently produces a six-seater HondaJet.

Honda’s plans come as business aviation traffic is soaring above pre-pandemic levels, with some corporate jet operators having to refuse new clients.

Due to the COVID pandemic, business travellers see flying private in smaller groups as safer and more convenient than traveling via commercial aircraft. 

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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