After a significant drop caused by the COVID-19 pandemic, global airline fuel spending has been continually rising and is on the brink of setting a new record this year. According to data presented by Stocklytics, the global airline industry is forecasted to spend a whopping $291 billion on fuel in 2024, or $100 billion more than…
Tag: fuel
Kenya Airways Set Sights On Business Recovery By 2024 During 47th AGM
– Kenya Airways PLC (KQ) held its 47th Annual General Meeting (AGM) virtually this morning. The AGM which was attended by shareholders was led by the Board Chairman, Michael Joseph, who presented a review of the audited financial results and business performance for the year ended 31st December 2022. During the meeting, the shareholders voted…
First A380 powered by 100% Sustainable Aviation Fuel takes to the skies
Airbus has performed a first A380 flight powered by 100% Sustainable Aviation Fuel (SAF). Airbus’ A380 test aircraft MSN 1 took off from Blagnac Airport, Toulouse, France at 08h43 on Friday 25 March. The flight lasted about three hours, operating one Rolls-Royce Trent 900 engine on 100% SAF. 27 tonnes of unblended SAF were provided…