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...Airbus, Barclays Sustainable Impact Capital and Saudi Arabia’s Neom Investment Fund also took part in the latest fundraising....
...He spent more than a decade at GE Capital, in Asia and the UK, before a stint at the National Commercial Bank in the Middle East, Tesco Bank and Sainsbury’s Argos Financial Services....
...It is also working on a shorter-range hydrogen-powered aircraft expected to enter service in 2035....
...GE underscored its confidence in the sector by raising its sales and profits outlook for the year. Of the three businesses, aviation is by far the most profitable....
...Now, he has promoted a putative successor who has no experience in the commercial aviation business and failed to change the trajectory of the floundering global services business unit (just as all her predecessors...
...According to SNCF, one of three companies that now operate services between Barcelona and Madrid, passenger numbers on Spain’s high-speed services grew 17 per cent between August 2019 and August 2021....
...Aviation authorities globally, including the UK Civil Aviation Authority and the United States’ Federal Aviation Administration, issued alerts earlier this year over safety issues related to AOG’s parts....
...More recently he has proposed a new tax on flights to raise funds for expanding the country’s rail service....
...Boeing created a product and services safety group, also reporting to the chief engineer....
...Adcock, who also co-founded flying taxi service Archer Aviation, added that with the latest investment the company was poised to have a “transformative impact on humanity”....
...Although the FAA also cleared the grounded Max 9 jets to return to service, the intervention on the ramp-up hit Boeing’s shares....
...But the ASA said it “had not seen any evidence that they were engaged in such advocacy, or that they actively worked to protect the environment in a way that meant consumers could use their services with...
...However others, including Dublin-based AerCap and SMBC Aviation Capital, have in recent years expanded their portfolios in China, according to Cirium data....
...The aviation sector is one of the hardest in the world to clean up....
...The former GE executive has overseen the Max’s return to service, which US aviation regulators approved in November 2020....
..., preserves capital....
...Atos is renegotiating the terms of a deal with Czech billionaire Daniel Křetínský to buy the French group’s lossmaking IT services business Tech Foundations as it seeks to raise funds to service its debt...
...“But too often [it] does not capture the full benefits for the taxpayer of that early investment due to challenges that scale-ups face in securing later-stage capital for commercialisation domestically,”...
...The UK company was bidding for a defence contract at the time and was asked to invest start-up capital of $8.5mn towards the launch....
...Climate change presents a near-existential threat to commercial aviation....
...Moriarty, a former aviation regulator, said he had also been pressing to have the FRC’s reach broadened....
...She has a strong record of delivering profits at Boeing’s services business while both the commercial and defence divisions floundered....
...About 7,700 passengers flew to or from the airport each day in July, compared with 90,500 at Benito Juárez, the capital’s saturated main airport. López Obrador is trying to change that....
...Here’s what else I’m keeping tabs on today: Results: Eli Lilly, the maker of weight loss drug Mounjaro, reports this morning alongside KKR, Spotify, GE Healthcare and Hertz....
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