Universal Hydrogen (UH2) has raised an additional $62 million in funding to take the startup through initial flight testing of its hydrogen fuel-cell propulsion conversion for regional turboprops.
IATA has urged the air cargo industry to continue working together at the same pace, with the same levels of cooperation as during the COVID-19 pandemic to overcome future challenges and build industry resilience.
Etihad Airways has raised US$1.2 billion in the first sustainability-linked loan (SLL) tied to environmental, social and governance (ESG) targets in global aviation.
Irish cargo airline operator ASL Aviation Holdings plans to convert up to 10 ATR 72s to zero-emission fuel-cell propulsion after signing a letter of intent to be Universal Hydrogen’s (UH2) launch customer in the cargo turboprop market.
The long-term sustainable growth of air transport will hinge on the development of net zero carbon propulsion technologies and NASA has taken a concrete step toward fostering the development of one such option.
French president Emmanuel Macron says the first commercial aircraft relying on hydrogen should be in service by 2030, earlier than Airbus’ stated target of 2035.
Islamic Corporation for the Development of the Private Sector and ALAFCO Aviation Lease and Finance Company (ALAFCO) have signed a four-year syndicated secured financing agreement for USD 75 million with a USD 50 million participation from ICD making it the lead financier in the transaction.
A service that allows lessors, banks and other aircraft owners to track and report the emissions from their portfolios has been launched by Irish financial services company Fexco and U.S. aviation risk management consultancy Avocet.
Domestic and foreign airlines operating in Japan will need an estimated 2.3 billion liters (613 million gal.) of sustainable aviation fuel (SAF) to achieve the goal of net-zero carbon emissions by 2050, concludes a joint report by All Nippon Airways (ANA) and Japan Airlines (JAL).
A shift from electric and hybrid-electric propulsion toward hydrogen is evident among sustainable aircraft projects announced so far this year, according to European consultancy Roland Berger.
U.S. startup Prometheus Fuels expects to begin delivering commercial quantities of its carbon-neutral sustainable aviation fuel toward the end of 2022.
IATA 77th Annual General Meeting approved a resolution for the global air transport industry to achieve net-zero carbon emissions by 2050. This commitment will align with the Paris Agreement goal for global warming not to exceed 1.5°C.
A project to demonstrate low-carbon production of sustainable aviation fuel from corn stover—the leaves and stalks left in fields after harvesting—has been funded by the U.S. Energy Department.
The world’s airlines gathered in Boston this week for the IATA AGM after a bruising last 18 months that has also seen sustainability rise up the agenda. Listen in as Aviation Week editors discuss what they were hearing at the event.
In advance of Finnair VP Sustainability Anne Larilahti’s keynote address to MRO Europe on Oct. 20 in Amsterdam, Aviation Week Executive Editor Lee Ann Shay talks with her about key initiatives and getting to net-zero carbon emissions.
Once the IATA resolution for the global air transport industry to achieve net-zero carbon emissions by 2050 was approved at the IATA AGM in Boston, it was almost immediately met with the realization of the huge challenges ahead.
