The UK petroleum giant is scaling back plans to develop new sustainable aviation fuel (SAF) and renewable diesel production projects in Europe and the U.S.
SMBC AVIATION CAPITAL finalized 5-year, $1.5b global syndicated finance facility, which includes $375m term loan and a $1.125b revolving credit facility, with 29 lenders, of which 13, representing 40% of funding, are new to the company.
Airbus no longer expects to reach its target of producing 75 A320neo family aircraft per month in 2026 and has cut back its delivery guidance for 2024.