How to Hack a $1.3T Market

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

After several near-misses on airport runways, a tech company revives work on a hazard-warning system

DAVID KOENIG
June 13, 2024

DALLAS (AP) -- As a Delta Air Lines jet began roaring down a runway, an air traffic controller at New York's John F. Kennedy International Airport suddenly blurted out an expletive, then ordered the pilots to stop their takeoff roll.

The controller saw an American Airlines plane mistakenly crossing the same runway, into the path of the accelerating Delta jet. JFK is one of only 35 U.S. airports with the equipment to track planes and vehicles on the ground. The system alerted the airport control tower to the danger, possibly saving lives last year.

The National Transportation Safety Board and many independent experts say pilots should get warnings without waiting precious seconds to get word from controllers. Just last week, the NTSB recommended that the Federal Aviation Administration collaborate with manufacturers to develop technology for alerting pilots directly.

Honeywell International, a conglomerate with a big aerospace business, has been working on such an early-warning system for about 15 years and thinks it is close to a finished product. The company gave a demonstration during a test flight last week. As pilot Joe Duval aimed a Boeing 757 for a runway in Tyler, Texas, a warning appeared on his display and sounded in the cockpit: "Traffic on runway!"

The system had detected a business jet that was just appearing as a speck on the runway about a mile away -- ground the Boeing would cover in a matter of seconds.

Duval tilted the plane's nose up and pushed the throttle forward into a G-force-inducing climb, safely away from the Dassault Falcon 900 below.

Honeywell officials claim their technology would have alerted the Delta pilots who had the January 2023 near-miss at JFK 13 seconds before the air traffic controller screamed the expletive and told them to stop their takeoff. Merely removing the need for a controller to relay the warning from ground-based systems could be critical.

"Those are microseconds, but they are enough to make a difference," Michael McCormick, a former FAA official who now teaches air-traffic management at Embry-Riddle Aeronautical University in Florida, said. "Providing alerts directly to the cockpit is the next step. This puts the tool in the hands of the pilot who actually has control of the aircraft. This technology is a game-changer."

Honeywell plans to layer the cockpit-alert system on top of technology that is already in wide use and warns pilots if they fly too low.

Incidents like the one at JFK are called runway incursions -- a plane or ground vehicle is on a runway when it shouldn't be. Some incursions are caused by pilots entering a runway without clearance from air traffic controllers. In other cases, there isn't enough spacing between planes that are landing or taking off, which can be the fault of pilots or controllers.

The number of incursions fell during the coronavirus pandemic and has not returned to the recent peaks of more than 2,000 incidents recorded in both 2016 and 2017. However, the most serious ones -- where a collision was narrowly avoided or there was a "significant potential" for a crash -- have been rising since 2017. There were 23 in the United States last year, up from 16 in 2022, according to FAA statistics.

Reducing incursions has always been a priority for FAA "because that's where the greatest risk lies in the aviation system," said McCormick, the former FAA official.

The worst accident in aviation history occurred in 1977 on the Spanish island of Tenerife, when a KLM 747 began its takeoff roll while a Pan Am 747 was still on the runway; 583 people died when the planes collided in thick fog.

Earlier this year, a Japan Airlines jet landing in Tokyo collided with a Japanese coast guard plane that was preparing to take off. Five crew members on the coast guard plane died, but all 379 people on board the airliner escaped before it was destroyed by fire.

The FAA has paid for airport improvements designed to reduce incursions, such as reconfiguring confusing taxiways. It has also paid for technology to alert people in the control tower when a plane is lined up to land on a taxiway instead of a runway.

That type of landing error nearly happened in 2017 in San Francisco, when an Air Canada jet pulled up at the last second to avoid crashing into four jets on the taxiway that were carrying about 1,000 passengers between them.

The FAA is also rolling out more simulators for controllers to practice directing traffic during times of low visibility. The NTSB last week recommended that the FAA require annual refresher training. The suggestion came after the NTSB determined that a controller who nearly caused a catastrophic crash between a FedEx plane and a Southwest Airlines jet during heavy fog in Austin, Texas, last year had not trained for low-visibility conditions in at least two years.

The NTSB's examination of the February 2023 close call in Austin also renewed attention on technology to provide cockpit warnings of possible incursions and included a brief reference to the system Honeywell is developing. The FAA has not certified the system, which Honeywell calls "Surf-A" for surface alerts, but the company thinks certification could happen in the next 18 months.

The FAA's best technology against runway incursions is a system called ASDE-X that lets controllers track planes and vehicles on the ground. But it is expensive, so it's only at 35 of the 520 U.S. airports with a control tower.

"Some people thought ASDE-X was the solution," former NTSB Chairman Robert Sumwalt said. "The problem is, there are a lot more than 35 air-carrier airports. A product (that warns pilots in the cockpit) goes to every airport that the airplane goes to."

Honeywell, which is based in Charlotte, North Carolina, began working on a cockpit warning system around 2008 and tried to convince airlines to support the idea, but it says it found no takers. The company suspended the project when the pandemic devastated aviation in 2020.

Then, as air travel recovered early last year, there were a series of high-profile close calls between planes at major U.S. airports, including the ones at JFK and Austin-Bergstrom International Airport.

"Traffic was picking up. You were having more of the near-misses," said Thea Feyereisen, part of the Honeywell team working on the system. The timing was right to revive the warning system.

"Previously, when we would talk to airlines, they were not interested. Last year, we go talk to the airlines again, and now they're interested," she said.

Still, Honeywell doesn't have a launch customer, and company officials won't say how much it would cost to outfit a plane.

Feyereisen was asked if the system would have prevented the close calls in New York and Austin.

"What our lawyers tell us to say (is) we reduce the risk of a runway incursion. We provide the pilot more time to make a decision" whether to, for example, call off a landing and fly around the airport instead, she said. "Still, the pilot needs to make a decision."

Continue Reading...

Popular

Cuban's AI Prediction, IBM's Rise, Musk's New Hire And More: This Week In AI

Top stories on AI, including Cuban predicting a trillionaire, IBM's success, Musk's xAI hire, and debates on AI's impact on employment.

Trump's 'Big, Beautiful Bill' Offers Seniors A $6,000 'Bonus' Tax Deduction: Here's How You Qualify For The Benefit

Trump's Big, Beautiful Bill offers a $6,000 senior bonus deduction from 2025-28. Couples can save $12,000. Retirees with incomes up to $75,000 benefit most.

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

Marjorie Taylor Greene: 'Muslim Takeover' Threatens American Women

Rep. Marjorie Taylor Greene (R-Ga.) has expressed her fears regarding what she believes to be the most significant threat to the freedom of American women.

The Unlikely Duo Rethinking Wearable Technology - Ad

Why did a surgeon and Snap exec team up? They saw the missing ingredient in the $84T wearables market: behavior. So they built Emteq and invented smart glasses sensors to track real-time expressions, unlocking insights into why we do things. With a $15M term sheet already secured, Emteq is what Big Tech's missing.

Cathie Wood Doubles Down On Tesla Amid Elon Musk's Feud With Trump, Sells $3 Million Worth Of Coinbase Stock

On Tuesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. and Coinbase Global Inc. . These trades reflect Ark’s strategic positioning amid ongoing market developments.

'Not Looking To Stop': Trump Slams Putin on Ukraine, Speaks With Zelenskyy

President Trump held a phone conversation with Volodymyr Zelenskyy on Friday, one day after expressing disappointment over an unproductive call with Vladimir Putin.

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

After Diddy's conviction, here's where his business ventures stand

LOS ANGELES (AP) — Sean “Diddy” Combs has been in his federal sex trafficking trial, but that doesn't mean the once-celebrated music mogul will see his business empire restored.

How to manage ADHD at work and turn it into a strength

NEW YORK (AP) — Jeremy Didier had taken her son to a psychologist for a when she spotted an article about women with the condition. As she read it in the waiting room, she thought to herself: They're describing me.

FDA Submission Expected This Summer - Invest Before It Happens - Ad

This company is making heart disease easier to detect with AI. Their tech has officially been designated a "Breakthrough" by the FDA. You now have an opportunity to get in at a potential inflection point.

Goldman Just Launched Two New Bond ETFs; Here's Why Investors Should Pay Attention

Goldman Sachs Asset Management debuts two new actively managed fixed income ETFs in response to rising demand for active strategies in a volatile rate landscape.

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Musk Third-Party Odds Hit 47% — Can The Tesla Chief Do What No One Has Since 1853?

A promise to create a third party from billionaire Elon Musk comes with historical difficulties of challenging the current two-party system.

Wall Street Says BUY GOLD, But... - Ad

While markets wobble, gold keeps smashing records-and banks say it's just beginning. Goldman urges "buy gold" to hedge trade wars; JPMorgan plans $6,000 an ounce and just took delivery of $4 billion in bullion. Yet past bull runs saw 13x-1,000x bigger gains without buying more gold.

Big Banks Pass Fed's 2025 Stress Test With Ease—But Some Say It Was Too Easy

All major U.S. banks passed the Fed's 2025 stress test, but critics say easier assumptions may have padded the results.

Dalai Lama To Deliver Major Address On 90th Birthday As China Tracks Succession Moves

The 14th Dalai Lama will address a major three-day gathering of Buddhist religious figures this week ahead of his 90th birthday.

Fox: China Is Hiding a '401K Nuke Switch' Under Trump's Nose - Ad

China holds $784B in U.S. debt-and may trigger a dollar collapse. Gold is already soaring, with forecasts up to $6,000-$30,000. Protect your savings now. Claim the free 2025 Gold Guide and discover a Trump-era IRS loophole to buy gold tax- and penalty-free.

Trump's Crypto Ventures, Draper And Cathie Wood's Bitcoin Predictions, MSTR Estimates, And More: This Week In Crypto

The past week in the world of cryptocurrency was nothing short of eventful. From legislative moves aimed at curbing alleged corruption in cryptocurrency ventures to bold predictions about Bitcoin’s dominance, the week was filled with intriguing developments. Here’s a quick recap of the top stories that made headlines.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

US judge says China's Huawei Technologies must face criminal case for racketeering and other charges

BANGKOK (AP) — A U.S. judge has ruled that China’s Huawei Technologies, a leading telecoms equipment company, must face criminal charges in a wide reaching case alleging it stole technology and engaged in racketeering, wire and bank fraud and other crimes.

CoreWeave Stock Rallied On Thursday: What Happened?

Shares of CoreWeave Inc. (NASDAQ: CRWV) traded higher on Thursday with gains accelerating into the close. The company announced it became the first AI cloud provider to deploy NVIDIA Corp's (NASDAQ:NVDA) new GB300 NVL72 platform.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

BigBear.ai (BBAI) Stock Soars 21%: What's Going On?

Shares of BigBear.ai are trading sharply higher Tuesday afternoon. The rally comes without any new company-specific announcements.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Scott Bessent On Replacing Powell As Fed Chair: 'I Will Do What The President Wants' — Plays Down Shadow Chair Speculations

U.S. Treasury Secretary Scott Bessent declined to rule out the possibility of replacing Jerome Powell as Federal Reserve Chair and has instead deferred to President Donald Trump's decision on the matter.

US brings charges in North Korean remote worker scheme that officials say funds weapons program

WASHINGTON (AP) — The Justice Department announced criminal charges Monday in connection with a scheme by North Korea to fund its weapons program through the salaries of remote information technology workers employed unwittingly by U.S. companies.

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

Trump's Approval Ratings, Tariff Deadlines, Schumer's Criticism, And Defense Budget Shifts: This Week In Politics

Trump's approval ratings drop after Iran attack, hints at tariff deadline flexibility. SC limits judges' power, Schumer criticizes GOP budget, defense budget shifts to missiles and drones.

The Unlikely Duo Rethinking Wearable Technology - Ad

Why did a surgeon and Snap exec team up? They saw the missing ingredient in the $84T wearables market: behavior. So they built Emteq and invented smart glasses sensors to track real-time expressions, unlocking insights into why we do things. With a $15M term sheet already secured, Emteq is what Big Tech's missing.

California energy regulator recommends pause on plan to penalize excess oil profits

SACRAMENTO, Calif. (AP) — California should pause Gov. Gavin Newsom's plan to penalize oil companies if their profits climb too high, a top energy regulator said Friday while unveiling proposals aimed at addressing high gas prices.

Hong Kong's security net extends beyond arrests as small businesses pressured

HONG KONG (AP) — It’s been years since all but silenced pro-democracy activism in Hong Kong. But a crackdown on dissent in the semiautonomous Chinese city is still expanding, hitting restaurants, bookstores and other small businesses.

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

California-Trump Legal Battle Over National Guard Deployment Escalates After Court Ruling

California's legal battle with Trump over military deployment in LA is at a standstill after an appeals court ruled in Trump's favor.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service