Airbus reveals plans for new zero-emission concept aircraft

The FINANCIAL — Aerospace giant Airbus has unveiled plans for what it hailed as the first commercial zero-emission aircraft. Airbus says the planes are called the turbofan, turboprop and the blended-wing body and are earmarked to enter service by 2035. It is…

6 mins read

13 big airlines join net-zero emission strategy

The FINANCIAL — A group representing investors that collectively manage more than US$47tn in assets has demanded the world’s biggest corporate polluters back strategies to reach net-zero emissions and promised to hold them to public account. Climate Action 100+ is an initiative that…

6 mins read

American Airlines plans to cut 19 000 jobs

The FINANCIAL — American Airlines announced that it would shrink its workforce by 40,000, including 19,000 involuntary cuts, on 1 October, as the coronavirus pandemic continues to weigh on air travel. Other airlines such as United, British airways and Lufthansa have warned of…

8 mins read