Browsing Tag
investment
13 articles
Delta leads consortium with $500M stake in Wheels Up to secure 95% ownership
Delta Airlines and a consortium of partners have signaled they will make a $500 million investment in private…
Norway gives green light to $719 million-worth new airport project
Norway has approved a $719 million-worth development project for a new airport in Bodø, which is supposed to…
Bill Gates fund invests $50M in world’s first plant turning alcohol into SAF
Breakthrough Energy, the Washington-based fund founded by the American business magnate Bill Gates, has made a $50 million…
Will we be taking Joby air taxis to reach the airport for a Delta flight?
Delta Air Lines has invested into electric flying taxi maker Joby Aviation in a partnership that it hopes…
Embraer invests in Latin American drone specialist XMobots
Embraer is taking an interest in drones, buying a stake in the largest drone company in Latin America…
Hydrogen-electric powertrain firm ZeroAvia gets backing from American Airlines
American Airlines (A1G) (AAL) is investing in ZeroAvia and has signed a potential deal to order up to…
American Airlines to make $200 million investment in Brazilian carrier GOL
American Airlines (A1G) (AAL) enhanced its partnership with GOL, finalizing a deal to invest $200 million in the…
Microsoft invests $50M into sustainable aviation fuel
LanzaJet, a US-based sustainable aviation fuel (SAF) producer, has received an investment from the Microsoft Climate Innovation Fund. …
Indonesian government to investigate Garuda for alleged corruption
The Indonesian Ministry of State-Owned Enterprises (SOE) announced it will investigate allegations of corruption related to aircraft procurement…
India to invest $680 million in drone manufacturing industry
The Union Minister of Civil Aviation of India, Jyotiraditya M. Scindia, announced on September 16, 2021, that the…