Latest news with #CITC
Yahoo
16-06-2025
- Business
- Yahoo
Otto Aviation Announces New Manufacturing Facility and Headquarters in Jacksonville, Florida
Florida Governor Ron DeSantis announced the project today at the Paris Air Show PARIS, June 16, 2025 (GLOBE NEWSWIRE) -- Otto Aviation, a pioneering force in sustainable aviation, has announced plans to establish an advanced manufacturing and production facility at Cecil Airport in Jacksonville, Florida. This strategic expansion represents a significant milestone in the development of Otto's next-generation business jet, the Phantom 3500. The Jacksonville Aviation Authority (JAA) has approved a $34.9 million incentive package to support Otto Aviation's investment in the region and the City of Jacksonville has approved up to $20 million in a Revenue Enhancement Value grant. Additionally, the State of Florida has approved over $430 million in Corporate Income Tax Credits (CITC) and High Impact Performance Incentive (HIPI) grants to facilitate the establishment of the manufacturing plant and long term operations, which will occupy 80 to 100 acres of land at Cecil Airport. Florida Governor Ron DeSantis formally announced the project today during remarks at the Paris Air Show: "I'm pleased to welcome Otto Aviation to Jacksonville. This is a win for Florida and a testament to the kind of innovation we're attracting. Our infrastructure and talent are primed for the next generation of aerospace manufacturing, and this project is another indicator that Florida will be home to the future of flight.""This new facility will become more than a manufacturing site — it's the launchpad for the future of sustainable aviation," said Paul Touw, CEO of Otto Aviation. "Jacksonville stood out as a city that shares our long-term vision: pushing boundaries in aerospace innovation while creating high-quality jobs and meaningful impact. We're excited to become a part of this dynamic community." Otto Aviation's Phantom 3500 is a revolutionary twin-engine business jet designed to deliver exceptional fuel efficiency, extended range, and reduced emissions. The aircraft features a full laminar flow design that cuts drag by 35% compared to traditional jets, enabling it to travel farther on less fuel. With a range of 3,500 nautical miles and a cruise altitude of 51,000 feet, the Phantom 3500 is poised to redefine the standards of business aviation. The Jacksonville facility will serve as the primary site for the final assembly of the Phantom 3500, with production of its flight test vehicles slated to commence in 2026. The project is expected to create hundreds of manufacturing and engineering jobs, contributing to the local economy and reinforcing Jacksonville's position as a hub for aerospace innovation. Otto plans to begin operations in Hangar 825, originally built by the U.S. Navy for aircraft fleet operations, and will subsequently develop a dedicated manufacturing plant to produce the Phantom 3500. The company's headquarters will also relocate to Jacksonville, further solidifying its presence in the region. The company plans to begin flight tests by early 2027, and aims to achieve certification and entry into service in 2030. About OttoOtto Aviation is an advanced aerospace company committed to transforming private and regional aviation through innovative aircraft design. Headquartered in Fort Worth, Texas, Otto is developing the Phantom 3500, a new, clean-sheet design aircraft that establishes – and leads – a new category in highly efficient, affordable, and sustainable business jet aviation. Learn more at For media inquiries, please contact:Scott Or Onsite at the Paris Air Show:Josh A photo accompanying this announcement is available at in to access your portfolio
Yahoo
16-06-2025
- Business
- Yahoo
Otto Aviation Announces New Manufacturing Facility and Headquarters in Jacksonville, Florida
Florida Governor Ron DeSantis announced the project today at the Paris Air Show PARIS, June 16, 2025 (GLOBE NEWSWIRE) -- Otto Aviation, a pioneering force in sustainable aviation, has announced plans to establish an advanced manufacturing and production facility at Cecil Airport in Jacksonville, Florida. This strategic expansion represents a significant milestone in the development of Otto's next-generation business jet, the Phantom 3500. The Jacksonville Aviation Authority (JAA) has approved a $34.9 million incentive package to support Otto Aviation's investment in the region and the City of Jacksonville has approved up to $20 million in a Revenue Enhancement Value grant. Additionally, the State of Florida has approved over $430 million in Corporate Income Tax Credits (CITC) and High Impact Performance Incentive (HIPI) grants to facilitate the establishment of the manufacturing plant and long term operations, which will occupy 80 to 100 acres of land at Cecil Airport. Florida Governor Ron DeSantis formally announced the project today during remarks at the Paris Air Show: "I'm pleased to welcome Otto Aviation to Jacksonville. This is a win for Florida and a testament to the kind of innovation we're attracting. Our infrastructure and talent are primed for the next generation of aerospace manufacturing, and this project is another indicator that Florida will be home to the future of flight.""This new facility will become more than a manufacturing site — it's the launchpad for the future of sustainable aviation," said Paul Touw, CEO of Otto Aviation. "Jacksonville stood out as a city that shares our long-term vision: pushing boundaries in aerospace innovation while creating high-quality jobs and meaningful impact. We're excited to become a part of this dynamic community." Otto Aviation's Phantom 3500 is a revolutionary twin-engine business jet designed to deliver exceptional fuel efficiency, extended range, and reduced emissions. The aircraft features a full laminar flow design that cuts drag by 35% compared to traditional jets, enabling it to travel farther on less fuel. With a range of 3,500 nautical miles and a cruise altitude of 51,000 feet, the Phantom 3500 is poised to redefine the standards of business aviation. The Jacksonville facility will serve as the primary site for the final assembly of the Phantom 3500, with production of its flight test vehicles slated to commence in 2026. The project is expected to create hundreds of manufacturing and engineering jobs, contributing to the local economy and reinforcing Jacksonville's position as a hub for aerospace innovation. Otto plans to begin operations in Hangar 825, originally built by the U.S. Navy for aircraft fleet operations, and will subsequently develop a dedicated manufacturing plant to produce the Phantom 3500. The company's headquarters will also relocate to Jacksonville, further solidifying its presence in the region. The company plans to begin flight tests by early 2027, and aims to achieve certification and entry into service in 2030. About OttoOtto Aviation is an advanced aerospace company committed to transforming private and regional aviation through innovative aircraft design. Headquartered in Fort Worth, Texas, Otto is developing the Phantom 3500, a new, clean-sheet design aircraft that establishes – and leads – a new category in highly efficient, affordable, and sustainable business jet aviation. Learn more at For media inquiries, please contact:Scott Or Onsite at the Paris Air Show:Josh A photo accompanying this announcement is available at while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Cision Canada
06-06-2025
- Business
- Cision Canada
Maritime Launch Receives Additional Infrastructure Reimbursement Approval for Over $10 Million from the Province of Nova Scotia for an Additional Small Launcher Launch Pad
CANSO, NS, June 6, 2025 /CNW/ - Today, Maritime Launch Services Inc. (Cboe CA: MAXQ) (OTCQB: MAXQF) announces that the Company has obtained approval from the Province of Nova Scotia for approximately $10.5M under the Capital Investment Tax Credit (CITC). This approval will support the construction of a dedicated launch pad for small launch vehicles, an essential addition to support the company's growing roster of global launch clients. The CITC is a refundable corporate tax credit designed to encourage capital investment in Nova Scotia through approved projects. The approval awarded to Maritime Launch will facilitate the establishment of highly specialized commercial space infrastructure and enhance Canada's sovereign space capabilities. This approval builds upon prior support from the Province under the CITC program. Approximately $30.7 million in CITC funding has been authorized for qualified infrastructure projects at Spaceport Nova Scotia. "This support from the Province sends a clear message to the global space industry that Nova Scotia is open for business," said Stephen Matier, President and CEO of Maritime Launch. "With the help of the CITC, we are building the foundation for Canada's commercial space sector, bringing jobs, innovation, and global investment to rural Nova Scotia and sovereign launch capability to Canada." The dedicated launch pad is a separate, stand-alone launch platform designed to serve Maritime Launch's growing customer base of international launch providers. The project includes the full suite of specialized infrastructure required for safe and efficient orbital launch operations, including a flame diverter, gas and propellant system interfaces, electrical and power systems, civil works, and other mission-critical components tailored to support modern small launch vehicles. "Nova Scotia is working to grow our economy, and we're happy to see companies investing in their future here," said Premier Tim Houston. "This tax credit will continue to support Maritime Launch Services in creating something truly exciting to be part of – a spaceport here in the Province. In the process, they'll create opportunities for Nova Scotians in rural areas." Spaceport Nova Scotia: Driving Economic Growth and Innovation in Nova Scotia and Sovereign Launch Capability for Canada The CITC-supported infrastructure will generate substantial benefits for the Municipality of the District of Guysborough and the Province as a whole: Job Creation: As the spaceport becomes operational, up to 30 jobs will be created in the local area, spanning technical, operational, and maintenance roles. Local Economic Activity: Infrastructure development and ongoing operations will drive demand across local construction, hospitality, and service sectors. Investment Attraction: Spaceport Nova Scotia will anchor a new high-tech sector in the region, helping to diversify the local economy and position Nova Scotia as a global destination for space and satellite companies. Resilience and Sovereignty: With robust infrastructure in place, Canada strengthens its domestic capability in satellite communications. The CITC is a targeted incentive program offsets 25% of eligible capital expenditures on approved projects in Nova Scotia, with a maximum benefit of $100 million. The program enables transformative infrastructure projects to move forward in rural regions, attracting private-sector investment and high-quality jobs. The support of the Nova Scotia Government's CITC program is essential to attract private-sector investment, stimulate innovation, and create the conditions for long-term economic growth. For more information on this announcement and ongoing development at Spaceport Nova Scotia, please visit: About Maritime Launch Maritime Launch Services Inc. (NEO: MAXQ, OTCQB: MAXQF) is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a launch site that will provide satellite delivery services to clients to support the growing commercial space transportation industry over a wide range of inclinations. Spaceport Nova Scotia will allow small and medium-sized launch vehicles to place their satellites into low-earth orbit. Spaceport Nova Scotia is Canada's first commercial orbital launch complex. Forward Looking Statements This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: entering into binding definitive extension agreements with the holders of the debentures, consideration payable in connection with the extension of the debentures, and regulatory approval of the extension by the Cboe Exchange. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Forward-looking statements in this news release are based on certain assumptions and expected future events, namely: the Company's ability to continue as a going concern; the Company's ability to come to mutually agreeable binding terms in definitive agreements with the holders of the debentures in a timely manner or at all; continued approval of the Company's activities by the relevant governmental and/or regulatory authorities; the Company's ability to finance its operations until the extension can be secured and profitability of the Company can be achieved and sustained. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; risks associated with potential governmental and/or regulatory action with respect to the Company's operations. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Yahoo
18-04-2025
- Sport
- Yahoo
Cushing visits City in the Community session ahead of matchday takeover
Cushing visits City in the Community session ahead of matchday takeover Nick Cushing took time out to visit a City in the Community session ahead of the charity's matchday takeover this weekend. Our Interim Head Coach met youngsters from City in the Community's Soccer Schools and Premier League Kicks participants during a coaching session from the charity's degree students. Advertisement The youngsters enjoyed taking part in a team drill with Cushing, before he was able to share his coaching knowledge during a Q&A, before signing items, handing out free tickets and taking selfies. Prize draw: win and support citc! The visit took place at Bradford Park, a site close to the Etihad Stadium which is being regenerated by City in the Community as part of its Healthy Goals programme. Cushing finished his visit by revealing to students what the new pitch, supported by Manchester City's Official Fashionwear Partner CP Company, will look like. Speaking after the visit, Cushing said: 'I really loved being with the children and being out in the local community today - any chance you get to be around fans from our area is an amazing experience. Advertisement 'I think it's great that the Club is celebrating City in the Community this weekend because it's really important for us to recognise our charity. 'CITC does an incredible job of not only offering new opportunities but also recognising that our fans and the local community are the most important part of Manchester City. "Visiting their sessions is always an amazing time and something that I really enjoy.' Manchester City Women will be celebrating its charity, City in the Community (CITC), at its matchday against Everton on Sunday 20th April. Fans will be able to access bonus community content, including within the matchday programme, during half-time and across digital channels. Advertisement CITY v EVERTON: GET YOUR TICKETS The fixture will also see the return of the popular 'hand-drawn' graphics on social media, as local school children were once again invited to draw their favourite Manchester City stars. The stadium, which is being renamed 'The City in the Community Joie Stadium' for the day, will come alive with charity branded banners before kick-off. Players will also be showing their support for the charity by warming up in City in the Community branded tops and donating them, alongside the matchday's worn shirts, for fundraising. Elsewhere, the day is being used to create once-in-a-lifetime opportunities for City in the Community participants, including meeting the players, joining the media teams, half-time activities and waving flags on the pitch. Advertisement Bid on men's team worn items To coincide with the celebrations, City in the Community has added a special Manchester City Women's training experience into its new monthly prize draw, and introduced a 'buy one get one free' offer for match-goers. Every fan who purchases a ticket to the MCWFC v Everton fixture and subscribes to the City in the Community Prize Draw will automatically double their chances to win in the month of April*. Fans around the world** have the chance to win 'money can't buy' prizes such as pitch side experiences at Etihad Stadium matchdays, watching the first team train at the City Football Academy and more! April's month of prizes include: Pitchside Experience - watch the players warm up from an unmatched location at Men's Manchester City vs Bournemouth fixture at the Etihad. Women's Training Experience - Watch our Women's Team train exclusively behind the scenes. Erling Haaland 24/25 Signed Shirt - Manchester City 24/25 Replica Shirt, personally signed by Erling Haaland. Jack Grealish 23/24 Signed Shirt - Manchester City 23/24 Replica Away Shirt, personally signed by Jack Grealish. Advertisement The 'City in the Community Prize Draw' is powered by Raise Your Game, and your support will go towards sustaining the charity's programmes, which all empower healthier lives through football. Entries start at £5 per ticket; supporters can enter on a one-off basis, or they can sign up to a direct debit, meaning they enter the draw monthly automatically. You have until 11:59 GMT on 28 April to enter for the first month! Fans can also get their hands on worn, warm-up mid-layers from the Men's Manchester City v Brighton fixture on Saturday 15th March. Make your bids by clicking here. Alongside our new Prize Draw and auction, you can be the first to hear about City in the Community's events and news! Advertisement Manchester City's charity is delighted to now be providing fans with regular email updates, including announcements of exciting initiatives before anyone else. To sign up and hear more all you need to do is click here and fill out some simple details. City in the Community empowers healthier lives with city youth through football. To find out more, visit or follow the charity on social media @CITCmancity. Terms and Conditions. Winners from the City in the Community Prize Draw are drawn on 28th of each month at midday (GMT +1). All ticket holders for Manchester City Women vs Everton Women on 20th April, including Season Ticket Members, are eligible for the April offer if they subscribe to the City in the Community Prize Draw. Advertisement CITC Prize Draw tickets for those eligible will be automatically doubled in the week commencing 21st of April. **Singapore, United Arab Emirates, Cambodia, Qatar, Lebanon, and North Korea are the only excluded countries from the prize draw.
BBC News
23-03-2025
- BBC News
The paradise islands that don't want to be Hawaii
The Cook Islands is proving that sustainable tourism isn't just possible – it's essential. Here's how this South Pacific nation is preserving their paradise for generations for come. Landing on Rarotonga, the largest of the Cook Islands chain felt like stepping back in time. Gazing out of the taxi from Rarotonga airport to our resort, we were immediately struck by the absence of high-rise hotels, fast-food restaurants and corporate chains. There were no traffic lights, only coconut palms lining the road, the scent of salt and frangipani drifting through the air and the jungle meeting the ocean in a seamless panorama. It felt like Hawaii in the 1960s: uncrowded, laid-back and refreshingly authentic. Our taxi driver pointed to a low-slung resort along the shoreline. "No building can be higher than a coconut tree," she said. This isn't just a local tradition but a law set in 1965 by the Cook Islands' first premier, Albert Henry, to prevent overdevelopment. She explained that only Cook Islanders can own land, ensuring that large corporations don't dominate the landscape. We looked out onto hotels blending naturally into their surroundings and white-sand beaches ringed with long green parks, all free from litter and crowds. We soon learned that this preservation of paradise is deeply intentional. Cook Islanders have made a conscious effort to ensure that Rarotonga never follows the path of overdevelopment seen in places like Honolulu. Instead, locals have committed to conservation, low-impact tourism and sustainable practices that benefit both locals and visitors. "People come here because it is a paradise uncluttered by overdevelopment," explained Jeremy Goodwin, regenerative tourism manager for the Cook Islands Tourism Corporation (CITC). "Our sacred duty as custodians of the land is to look after our paradise." The Cook Islands, an archipelago of 15 islands between New Zealand and Hawaii, has been self-governing in free association with New Zealand since 1965. With a total population of 21,000, the islands are divided into two groups: the Southern Cook Islands, which includes the more accessible Rarotonga and Aitutaki, and the remote Northern Cook Islands, made up of low-lying coral atolls. Cook Islanders have their own Māori language, with different dialects across the islands. And while tourism is a key industry, the islanders have ensured that sustainability remains at the nation's core. "For hundreds of years, the protection of the Cook Islands relied on the traditional Ra'ui System where access to a particular resource or area is forbidden for a given period," explained Karla Eggelton, CEO of CITC. "The system aims to conserve food resources and protect ecological conditions in lagoons, reefs and other marine resources." This philosophy persists today – and extends beyond the sea. On the northern island of Pukapuka, for example, locals have practiced sustainable living for centuries, packing up their belongings and sailing by boat to another atoll within the lagoon for seasonal periods to prevent resource depletion. They fish and farm only what they need, maintaining a delicate balance with nature. On arrival at The Rarotongan Beach Resort and Lagoonarium, staff welcomed us with a warm "Kia Orana", a greeting that translates to "may you live long". It's a unique gesture of friendship from islanders renowned for their hospitality and warmth. The resort overlooks the Aroa Lagoonarium, a snorkelling haven and a sanctuary for butterflyfish, parrotfish and angelfish. Part natural lagoon and part enclosed habitat, it is designed to support marine conservation, serving both as a coral nursery and a protected area for marine life to flourish. As the days passed, we saw how sustainability is woven into everyday life across the islands. At the Muri Night Market, a popular outdoor dinner option, we watched vendors prepare island dishes like ika mata (raw fish marinated in lime and coconut milk) and rukau rukau (taro leaves in coconut cream), all using local ingredients. We were struck by the market's Rent-a-Plate project, where visitors can borrow reusable plates and cutlery instead of using disposable plastic. Cook Islanders also promote clean water initiatives. We purchased reusable bottles from the visitor's centre and refilled them at free UV-treated water stations around the island, a project led by the Te Ipukarea Society to minimise plastic waste. Beyond sustainable dining, Cook Islanders have taken marine conservation to a global scale. In 2017, the country established the Marae Moana Marine Park, making the 15 islands the world's largest multi-use marine protected area, covering 1.9 million square kilometres. The legislation also bans large-scale commercial fishing and seabed mining within 50 nautical miles of each island. "Marae Moana is the idea of shared space, a new concept of creating a sanctuary and the conservation effort that allows for shared, sustainable activity," said Eggelton. Also offering opportunities for sustainable tourism is Aitutaki, a bucolic island neighbouring Rarotonga that's known for its snow-white sand beaches, volcanic rock, coconut palms and crystal-clear lagoons. Here the Pacific Resort Aitutaki has launched a coral restoration project where guests can take part by affixing coral fragments to underwater mesh tables, helping regenerate the reef. "The project is an example of Mana Tiaki or island conservation," explains Goodwin. "Mana Tiaki means guardianship with a sacred purpose." He explained that culturally, for most Polynesians, the ocean is sacrosanct. "The beaches bring tourists to this holiday destination, but they also connect Cook Islanders to the ocean." As the days passed, we explored the endless powdery white-sand beaches that ring Rarotonga, from Aroa Beach where fiery, colourful sunsets painted the sky with hues of vivid orange and crimson to serene and scenic Titikaveka Beach. They were all pristine and uncrowded, lined by palm trees, parkways and picnic tables. Most were unobstructed, with no commercial buildings to obstruct the view. More like this:• New Zealand's 'vanished world' of ancient megafauna• The 333 islands opening to the world• Saving the night sky: New Zealand's craziest experiment yet? At Muri Beach, we opted for a sea turtle snorkelling tour. Our guide, Eric, explained the importance of turtles to the Cook Islands economically, environmentally and culturally. Daily tour operators earn an income by taking paying passengers to see these graceful, curious creatures. Plus, sea turtles are a key indicator of coastal ecosystem health, so monitoring and preservation are vital. Eric told us about a rescuer who found a turtle caught in a fishing net. Once freed, the Te Ara O Te Onu (Cook Island Sea Turtle Society) rehabilitated the turtle, as they have done dozens of times in the past. In addition to the society's efforts, visitors are encouraged to help track turtle movement through the Citizen Science Project by taking photos and sending them into the programme. By the time our trip had come to an end, we better understood how Cook Islanders have created a blueprint for preserving paradise by blending ancient conservation methods with modern environmental initiatives. "It's about leaving both the people and the place better off than you found it," said Eggelton. Goodwin echoed the sentiment: This is our little paradise; if we all look after it, she will look after us." -- For more Travel stories from the BBC, follow us on Facebook, X and Instagram.
