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Electra Unveils Turbo-Electric Aircraft Concept for Next-Generation Airliner as Part of NASA AACES 2050 Program

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Concept pairs a double-bubble lifting fuselage and electric tail fans to explore competitive gains for aircraft with 100+ passengers

MANASSAS, Va., June 8, 2026 /PRNewswire/ — Electra, the global leader in hybrid-electric aviation, today unveiled a new conceptual aircraft design for next-generation airliners developed as part of NASA’s Advanced Aircraft Concepts for Environmental Sustainability (AACES) 2050 program. The study explores how targeted electrification, advanced aerodynamics, and integrated airframe-propulsion design can transform the efficiency and competitiveness of aircraft with 100+ passengers by mid-century.

Electra’s work is rooted in the company’s view that aviation is entering a third era of flight, one defined by the ability to use new electric propulsion technologies to unlock transformative, yet achievable aircraft architectures. In Electra’s nine-passenger EL9, that approach enables ultra-short takeoff and landing and a new model of Direct Aviation. In the AACES 2050 concept, it enables a future airliner configuration designed to improve efficiency while remaining compatible with real-world airline and airport operations.

The conceptual aircraft uses a wide “double-bubble” fuselage that allows the body of the aircraft to contribute more lift, while two underwing turbofan engines produce thrust as well as electricity to power electric tail fans that ingest and re-energize slower-moving air over the fuselage, a technique known as boundary layer ingestion. Electra’s analysis found that the configuration could deliver up to a 17 percent efficiency improvement beyond gains expected by 2050 from advanced structures, engine technologies, and aerodynamic improvements.

“The value of electrification in this concept is that it lets us put the propulsion where it couldn’t go before but does the most good,” said Dr. Parker Vascik, Director of Product Strategy at Electra. “We can radically improve how the airframe and propulsion system work together while keeping the aircraft grounded in real airline and airport operations. The goal is not just efficiency on paper, but concepts that we can actually build, certify, and use.”

Electra’s concept is designed to fit within existing airport gates and airline operations, use standard jet fuel or sustainable aviation fuel, and avoid reliance on airport charging infrastructure or untested fuel types. The configuration also supports a twin-aisle cabin layout within a narrowbody aircraft class, unlocking improved passenger comfort and more efficient boarding and deplaning.

The work was led by Dr. Alejandra Uranga, Electra’s Chief Engineer for Research and Future Concepts. Dr. Uranga previously co-led NASA-sponsored research at MIT that helped advance the original double-bubble aircraft concept and D8 aircraft design. Electra’s AACES 2050 work revisits that architecture with new capabilities enabled by electrification and distributed propulsion.

“This concept builds on years of research into how airframe shape and propulsion placement can work together to improve aircraft efficiency,” said Dr. Uranga. “What is different now is the ability to use electrification and distributed propulsion to more deeply integrate those systems. Designing the aircraft as a whole system is essential to realizing the full potential of future commercial aircraft.”

In addition to the concept, Electra developed 11 technical papers documenting the models, methods, and findings behind the study. The company also adopted NASA’s open-source Aviary multidisciplinary design and optimization tool and developed an electrified aircraft design suite intended for public use. Together, these contributions are intended to help advance the broader aviation research community, not just push forward a single aircraft concept.

Electra’s AACES 2050 team brought together leaders across industry and academia, including American Airlines, Honeywell Aerospace, Lockheed Martin Skunk Works, Hinetics, the Massachusetts Institute of Technology Department of Aeronautics and Astronautics, the University of Michigan Department of Aerospace Engineering, and the University of California, Irvine’s Aircraft Systems Laboratory. 

“Through AACES, NASA is pushing the industry to think boldly, to use our novel propulsion technologies to unconstrain design thinking for the next generation of commercial aviation,” said Marc Allen, CEO of Electra. “The third era of aviation will bring radical change to how people and places connect, whether applied to aircraft entering service this decade, future regional platforms, or commercial transport by mid-century. Electra’s focus as the hybrid electric leader is to keep American aviation, and NASA, leading the way.”

The AACES 2050 program is designed to examine aircraft concepts and technologies that could help shape commercial aviation in the 2040s, 2050s, and beyond. Electra’s concept adds a near-term electrification pathway to that broader portfolio of aircraft studies, complementing other approaches focused on advanced propulsion, new fuels, and next-generation aircraft architectures.

“Electra’s aircraft concept gives American industry a chance to lead now by combining decades of research in lifting-fuselage design with breakthrough electric propulsion,” says Dr. Vascik. “Yet industry will not bring this concept to maturity by 2050 on its own. That will require a NASA-accelerated technology initiative — in a double-bubble X-plane, multi-megawatt integrated generator, and kilovolt-class power distribution — to bring these capabilities to maturity by 2035 and position industry to carry them into service by 2050.”

About Electra
Electra.aero, Inc. (Electra) is an advanced air mobility (AAM) company building hybrid-electric Ultra Short airplanes that deliver unprecedented performance advantages to fly people and cargo seamlessly without airports, emissions, or noise. With the EL9 Ultra Short, Electra is pioneering Direct Aviation, the next level of connectivity that brings air travel closer to where we live, work, and play. Electra’s Ultra Short technology delivers 2.5x the payload and 10x longer range with 70% lower operating costs than helicopters and eVTOLs with significantly greater safety and far less certification risk. 

Electra’s team includes some of the most respected and successful entrepreneurs and engineers in novel aircraft design, with over 40 prior aircraft successfully developed and/or certified. Lockheed Martin Ventures, Honeywell, and Safran are among Electra’s strategic investors along with Prysm Capital, the Virginia Innovation Partnership Corporation (VIPC), and other private investors. Electra’s contracted customers include the U.S. Air Force, the U.S. Army, the U.S. Navy, and NASA along with over 2,200 letters of intent from 60+ commercial customers, including both airlines and helicopter operators.

Media Contact:
Media@electra.aero

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SOURCE Electra.aero

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Cohen & Steers Quality Income Realty Fund, Inc. Declares Distributions for July, August, and September 2026

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NEW YORK, June 8, 2026 /PRNewswire/ — The Board of Directors of the Cohen & Steers Quality Income Realty Fund, Inc. (the “Fund”) announced today the monthly distributions for July, August and September 2026, as summarized in the charts below:

Ticker

Fund Name

Monthly Dividend

RQI

Cohen & Steers Quality Income Realty Fund, Inc.

$0.090

The distribution will be made on the following schedule:

Month

Ex-Dividend/ Record Date

Payable Date

July

Jul. 6, 2026

Jul. 31, 2026

August

Aug. 11, 2026

Aug. 31, 2026

September

Sept. 8, 2026

Sept. 30, 2026

The Fund declared its monthly distribution pursuant to the Fund’s managed distribution plan. The Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The policy gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly basis to shareholders. Information can also be found on the Funds’ website at cohenandsteers.com. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund’s shares.

Distributions of the Fund’s investment in real estate investment trusts (REITs), master limited partnerships (MLPs) and/or closed-end funds (CEFs), if any, may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to the Fund after year-end by the REITs, MLPs and CEFs held by the Fund.

The Fund’s distributions may include net investment income, long-term capital gains, short-term capital gains and/or return of capital. Under the plan, prior to the payment date of the distribution every month, the Fund will issue a press release and a notice containing information about the amount and sources of the distribution and other related information to shareholders of record on the record date. Please note that the notice is not provided for tax reporting purposes but for informational purposes only. Information can also be found on the Fund’s website at cohenandsteers.com.

Shareholders should not use the information provided in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes.

Investors should consider the investment objectives, risks, charges and expense of a fund carefully before investing. You can obtain the Fund’s most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission’s EDGAR Database. You should read these reports and other filings carefully before investing.

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company’s current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Website: https://www.cohenandsteers.com/
Symbol: (NYSE: CNS)

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SOURCE Cohen & Steers Quality Income Realty Fund, Inc.

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New Dawn Franchising Emerges from Stealth with Multi-Industry E-2 Franchise Platform

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New Dawn Franchising offers investor-directed franchises with professional operating support, in-house technology infrastructure and partner-focused referral program to provide a unique opportunity for E-2 compliant U.S. business ownership in the real estate, telecom, and insurance industries

EL PASO, Texas, June 8, 2026 /PRNewswire/ — New Dawn Franchising (NDF) announced its emergence from stealth with a comprehensive franchise platform designed specifically for E-2 visa investors and the professional advisors who serve them. Built around three carefully selected industries — real estate, telecom, and insurance — NDF’s business model gives international investors a structured and intuitive path to business ownership in the United States.

NDF addresses a persistent gap in the E-2 market: investors are looking for legitimate, high-quality operating businesses that can support their immigration goals, while brokers, attorneys, consultants, and wealth advisors need credible and reliable options they can confidently introduce to clients. The Company’s platform combines owner control with local operating infrastructure, proprietary technology, and professional support to help clients navigate the business-building process from initial application through long-term growth and operations, providing continuity beyond the renewal process.

“E-2 investors are not simply buying a business, they are making a personal life decision, a family decision, an a long-term financial decision all at once,” said Dylan Delaney, Co-Founder of New Dawn Franchising. “We started NDF to bring stability, transparency and confidence to that process, while giving referral partners a platform they can stand behind.”

NDF operates in industries known for their consistency and stability providing opportunities for technology-enabled oversight and operational excellence while generating strong recurring revenue— qualities that align with the needs of E-2 investors and the practical realities of international business owners and the advisors who support them.

The NDF model is designed to be owner-directed and professionally supported. Clients manage the businesses while specially trained local teams and AI-enabled technology systems assist with day-to-day operations including communication, reporting, analysis, compliance and documentation. The result is an tech-enabled franchise platform that provides franchisees with control, visibility and reliable cash flows without requiring them to personally manage every operational task.

At the center of the platform is NDF’s best-in-class AI-driven proprietary technology platform – a single unified system through which E-2 investors can handle operations, oversight, and reporting from anywhere in the world. In addition, owners have access to NDF’s team of operational experts with deep domain expertise to help with all aspects of the business.

The company’s product suite also includes structured onboarding, interactive training resources, client tutorials, broker-facing materials, ongoing communication and domain-specific support tools designed to make the franchise ownership highly accessible and systemized. 

The E-2 framework remains a long-standing treaty-based pathway for qualified investors from eligible countries seeking to own and direct a U.S. business and NDF is uniquely positioned to capitalize on the well established opportunity while future-proofing the operations of the business.

The team of professionals at NDF and their partners have decades of experience across private equity, franchise operations, technology product development, corporate law and E-2 Visa processing grounding the Company’s approach in risk management, fiduciary responsibility, and long-term operational excellence.

“Our goal is to be the platform that serious advisors trust when their clients need more than a business listing,” said Chris von Pohlot. “They need a thoughtful structure, an experienced team, practical support, and a model designed around the life of an E-2 owner and everything that comes with it.”

Website: www.newdawnfranchising.com

This release is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy a franchise. Franchises are offered solely through a Franchise Disclosure Document in compliance with the FTC Franchise Rule and applicable state law, and only in states where New Dawn Franchising is registered, exempt, or otherwise authorized. New Dawn Franchising does not provide legal or immigration advice and does not guarantee any E-2 visa approval or any financial result. Prospective investors should consult independent legal, immigration, and financial advisors

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SOURCE New Dawn Franchising

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Banner Capital Welcomes McKay Potter as Principal

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Hire Adds Senior Investment Leadership as Firm Scales and Deploys Fund II

LEHI, Utah, June 8, 2026 /PRNewswire/ — Banner Capital, a lower middle market private equity firm focused on founder-led and family-owned businesses across the Western United States, today announced the hire of McKay Potter as Principal. 

Potter brings over a decade of investment and advisory experience focused on the lower middle market. He joins Banner from Tower Arch Capital, a Salt Lake City-based private equity firm, where he served as Vice President and was active in evaluating, executing, and managing investments in founder-owned businesses across business services and industrials. Earlier in his career, Potter held roles at Bain & Company and L.E.K. Consulting, where he advised companies and investors on growth strategy, market entry, and operational improvement.

In his role as Principal at Banner, Potter will help lead sourcing, transaction execution, and portfolio value creation, with a focus on Banner’s core service sectors and Western U.S. geography. 

“McKay is exactly the kind of investor we want on our team — disciplined, founder-oriented, and deeply rooted in the region we know best,” said Tanner Ainge, Founder and Chief Executive Officer of Banner Capital. “He has built a strong track record partnering with the kind of businesses we focus on, and his addition meaningfully strengthens our ability to source, win, and support more investment opportunities.”

Potter holds an MBA from the Kellogg School of Management at Northwestern University and a Bachelor of Science from Brigham Young University.

About Banner Capital

Banner Capital is a lower middle market private equity firm focused on partnering with founder-led and family-owned businesses across the Western United States. Founded in 2020 and headquartered in Salt Lake City, Utah, with an office in Phoenix, Arizona, Banner targets companies with $4 million to $15 million of EBITDA across service sectors that form the backbone of the American economy. The Firm has completed 16 transactions since inception and manages approximately $630 million in assets under management as of December 31, 2025. More information is available at www.bannercap.com.

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SOURCE Banner Capital Management

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