FARNBOROUGH AIRSHOW NEWS DAY 3
JULY 24, 2024
AINONLINE.COM UAM eVTOL air taxis Hyundai’s Supernal prepares to fly eVTOL technology demonstrator | 08
ENGINES Small turbofans GE Aerospace and Kratos team on small, low-cost turbofan engines | 16
AIRCRAFT Boeing, Airbus orders OEMS announce additional orders for commercial airliners and | 21 DAVID McINTOSH
A fully loaded Qatari F-15EX graces the clear blue skies above the Farnborough International Airshow.
OEMs MOVE TO BOOST SAF SPENDING By Peter Shaw-Smith Major OEMs announced significant sustainable aviation fuel (SAF) financing initiatives at the Farnborough Airshow on Tuesday in a move to wrest control of the fight against climate change away from oil companies. A group led by Airbus and including the Air France-KLM Group, Associated Energy Group, BNP Paribas, Mitsubishi HC Capital Inc., and Qantas Airways, co-invested in a SAF financing fund to accelerate production of the green fuel. The collaborators worked with Burnham Sterling
Asset Management to establish the SAF Financing Alliance (SAFFA) investment fund, in which Airbus serves as an anchor investor. Commitments by the seven partners amount to around $200 million. Each partner might enter into priority contracts to secure SAF offtakes from the various projects in which SAFFA will invest for its allocated volumes. SAFFA’s focus centers on SAF eligible for RefuelEU Aviation or CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) certification.
DEFENSE Multirole fighters U.S. Air Force expands mission set for Boeing F-15EX Eagle II multirole fighter jets | 22 alerts
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Discover S-A2: Supernal's battery-powered eVTOL product concept. Visit us at the Farnborough International Airshow, Chalet #A025