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.
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 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.
Sabre Corporation and Ethiopian Airlines have renewed their long-term strategic partnership for another seven year with minimum commitment of USD 110 million.
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.
