NEWSOct 29, 2024Debt-Free South African Airways Seeks Capital to Fuel Post-COVID Recovery and ExpansionThe South African Parliament convened with Minister of Transport Barbara Creecy on Tuesday, October 22, 2024, where the Standing Committee on Public Accounts (SCOPA) pressed the government to address South African Airways (SAA) urgent need for capital funding.Read More →
NEWSOct 02, 2024Toyota Invests $500 Million into Electric Air Taxi Manufactuer Joby AviationToyota has agreed to invest a significant amount of money towards the production of Joby air taxis. Find out how much money Toyota has invested thus far and where Joby plans to obtain certification.Read More →
NEWSMar 21, 2024The Next World's Biggest Plane Could Be 12 Times Larger Than the Boeing 747Radia, a Colorado-based energy startup, has been developing the world's largest aircraft in aviation history. The aircraft, dubbed The WindRunner, will be 12 times larger than the Boeing 747. It will also be larger than the Antonov An-225 destroyed during the Russia-Ukraine war.Read More →
NEWSMar 10, 2024FAA Invests $13.5 Million in Schools to Develop Future Aviation ProfessionalsA new grant program from the Federal Aviation Administration (FAA) grants $13.5 million to 32 schools for aviation education to increase the attraction of train students for careers such as pilots and aviation maintenance technicians. The aim is to assist economically deprived areas.Read More →
NEWSFeb 29, 2024CycloTech Raises €20 Million in Funding for its Innovative Aviation Propulsion SystemAustrian aviation technology company CycloTech recently secured €20 million ($21.6 million) in financing to develop its flight propulsion technology. The investment was announced on February 28, only a few weeks after the company announced plans to raise funding.Read More →
NEWSFeb 28, 2024Southwest Airlines Launches Venture Firm for Sustainable Aviation Fuel, $30 Million Investment in Fuel Producer LanzaJetSouthwest Airlines announced the launch of Southwest Airlines Renewable Ventures (SARV), a subsidiary focused on helping the airline achieve its sustainability goals by obtaining sustainable aviation fuel (SAF). Southwest also announced a $30 million investment in sustainable fuel technology company and producer LanzaJet. Read More →
INFORMATIONALFeb 20, 2024What Can JetBlue Expect After Activist Investor Carl Icahn Acquired a 10% Stake in the Airline?Activist investor Carl Icahn has taken a 10% interest in JetBlue by purchasing 33.6 million shares of its stock in January and February. His investment has caused a more than 18% rise in the prices of JetBlue stock, a phenomenon known as the Icahn Rise. There are several possible reasons for Icahn taking a stake in JetBlue, ranging from a simple profit-taking opportunity to long-term airline control.Read More →
NEWSApr 28, 2023Norwegian Signs Partnership with Domestic SAF Technology Firm Norsk e-FuelOslo-based Norwegian Airlines, a low-cost carrier, is betting big on Sustainable Aviation Fuel (SAF), referred to as e-fuel by the airline. The agreement will help Norwegian reach their near-term climate goals.Read More →
NEWSApr 24, 2023Abu Dhabi's Mubadala to Invest $2.5B in Sustainable Aviation Fuel Production in BrazilAbu Dhabi's Mubadala will invest $2.5 billion in Brazil on a plant that will produce Sustainable Aviation Fuel. The country has a large supply of resources that could establish itself as a global hub for SAF production.Read More →
