Kalitta Air announced that it closed a purchase agreement for a new Boeing 747-400ERF aircraft in order to continue and expand its international cargo operations. Wells Fargo Bank Northwest, NA served as owner trustee and seller. Financial terms of the transaction were not disclosed. The aircraft, which had not previously been flown in revenue, marked the first purchase of a new aircraft by Kalitta Air in its history. The new aircraft is expected to be placed in service by December 15, 2011.Kalitta Air is a United States airline based out of Willow Run Airport in Michigan, USA. The new aircraft represents the 22nd aircraft in the Kalitta Air fleet consisting of seven (7) B747-400F and fifteen (15) B747-200F aircraft.
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.