JAT Tehnika and Pratt & Whitney entered into a non-exclusive MRO agreement for the complete portfolio of Global Material Solutions life-limited and gas-path parts for CFM56-3 engines. The agreement is valued at $11M for the initial five-year contract term with an optional five year extension.
Australian sustainable aviation fuel industry receives massive boost with major investment
The Australian sustainable aviation fuel (SAF) industry has received a massive boost with a major joint investment. A Queensland biofuel refinery being jointly developed by Jet Zero Australia and LanzaJet is to receive investment from Qantas Group, Airbus, and the Queensland Government. The refinery is looking to produce SAF from agricultural by-products, including sugar cane.