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.
Austrian startup CycloTech has begun tethered flight tests of a demonstrator equipped with its cycloidal rotor technology for vertical-takeoff-and-landing aircraft.
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).
As Rolls-Royce continues its push into electrified propulsion, the engine maker has signed an agreement to establish facilities in Germany for developing, testing and producing hybrid-electric power trains.
In a double move that Boeing Business Jets says underpins renewed product confidence and market growth, the company has announced the service debut of the first 737 MAX-based BBJ 737-8 as well as the first new order for the corporate variant since the return of the MAX to commercial service in 2020.
U.S. battery startup Lyten is looking to electric aircraft as a potential early market for its energy-dense lithium-sulfur batteries as it scales up to meet expected demand from the automotive industry by 2025-26.
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.
OneWeb and the Indian Space Research Organization (ISRO) have signed a letter of intent to fly OneWeb broadband satellites aboard Indian’s Polar Satellite Launch Vehicle and the heavier-lift Geosynchronous Satellite Launch Vehicle from India beginning next year.
