Avcorp announced its financial results for the quarter ended March 31, 2010. During the quarter ended March 31, 2010, the Company recorded a loss from operations of $2,073,000 on $17,376,000 revenue, as compared to a $1,989,000 loss from operations on $22,087,000 revenue for the same quarter of the preceding year; and a net loss for the current quarter of $2,330,000 as compared to a net loss of $3,172,000 for the quarter ended March 31, 2009.
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.