U.S. carrier United Airlines (United) is to invest US$5 million from its newly formed UAV Sustainable Flight FundSM. The investment is in the algae biofuel company Viridos. The US$5 million investment will support the production of sustainable aviation fuel (SAF) made from oil extracted from algae. Viridos specialises in the bioengineering of microalgae and its […]
Volocopter, the pioneer of urban air mobility (UAM) and SITA have entered into a partnership, with SITA selected as Volocopter’s preferred digital and IT systems partner for vertiports. Under the agreement, SITA has become the latest investor to join Volocopter’s Series E funding round, cementing the strategic vision espoused by this partnership. UAM will offer
Global Crossing Airlines Group (GlobalX) has reached an agreement to lease an additional A321 Freighter (A321F) for delivery in December of 2023. “We are pleased to be able to add an additional A321 Freighter to our delivery schedule for 2023. We expect now to take delivery of a total of six A321Fs this year, including
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John Kelly has been appointed to the position of President – Middle East, Türkiye and Africa (META), with immediate effect. Before this role, Kelly spent six years as Senior Vice President of Europe, the Middle East and Africa for the Group’s Civil Aerospace business. He joined Rolls-Royce over twenty years ago, in 2001, as a
VAS Aero Services will acquire two additional Airbus narrow-body airframes from Dublin, Ireland-based Avolon Aerospace Leasing, an international aircraft leasing company. VAS will manage the teardown of both airframes and the subsequent residual parts harvesting and marketing through its global aftermarket parts marketplace. This agreement represents an expansion of the January 2022 consignment agreement between
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Collins Aerospace has launched its Powered by Collins™ Initiative to foster technology innovation with Deep Tech small- to medium-sized enterprises. Unveiled at the South by Southwest Conference, the programme aims to facilitate collaboration between Collins and Deep Tech firms on advanced technologies to rapidly field new products and services for the aerospace industry. “Deep
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Nordic Aviation Capital (NAC) has reported its annual financials for 2022. Highlights of the report show US$2.8 billion of net income. Restructuring its financial liabilities led to a US$3.1billion gain which was offset by US$227 million of impairments of which a significant portion was attributed to the relinquishment of control of assets that remain in
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