Altair and JetZero Join Forces to Propel Aerospace Innovation
Rhea-AI Summary
Altair (Nasdaq: ALTR) and JetZero have announced a strategic partnership to develop the world's first commercial blended wing airplane. The innovative aircraft design is expected to achieve up to 50% reduced fuel consumption and emissions compared to conventional airliners.
JetZero is utilizing Altair® FlightStream™, part of the HyperWorks® platform, to perform advanced computational fluid dynamics simulations. The technology enables faster design iterations and reduced computational costs. The blended wing design seamlessly integrates the aircraft's wings with its body, creating a wider frame that maximizes lift while minimizing drag.
As a member of the Altair Aerospace Startup Acceleration Program (ASAP), JetZero gains access to Altair's complete portfolio of simulation, data analytics, and AI tools. The company aims to achieve its first full-scale flight in 2027.
Positive
- Strategic partnership with innovative aerospace company JetZero
- Technology adoption in high-potential aircraft design project
- Expansion of market presence in aerospace sector through Startup Acceleration Program
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, ALTR declined 0.12%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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"JetZero uses
JetZero is also a member of the Altair Aerospace Startup Acceleration Program (ASAP). Through ASAP, JetZero gains affordable, flexible access to
Blended wing airplanes differ from traditional tube-and-wing designs in that the aircraft's wings are blended seamlessly with its body, allowing all body surfaces to produce lift and minimize drag. A wider body also increases the interior space, elevating the passenger experience or maximizing payload for a freighter variant. The blended wing body is a more efficient structure, reducing weight and noise compared to conventional aircraft designs. With the engines mounted on the top back, engine noise will be directed upwards on takeoff and landing, reducing noise for the communities neighboring the airport. JetZero plans to achieve its designs' first full-scale flight in 2027.
To learn more about
About JetZero
JetZero is developing the world's first commercial blended wing body airplane. With up to
About
Media contacts | |
Altair Corporate | Altair Investor Relations |
Bridget Hagan | Stephen Palmtag |
+1.216.769.2658 | +1.669.328.9111 |
Altair | Altair |
Louise Wilce | Man Wang |
+44 (0)7392 437 635 | 86-21-5016635,,825 |
JetZero | |
Jenny Dervin | |
+1 (347) 419-1185 | |
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