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IATA Chief Economist Marie Owens Thomsen has criticized a European Commission proposal to extend the Emissions Trading System beyond the European Economic Area, calling it “self-empowered overreach.” She warned that the EU would “lose again” if it pursued the expansion.
Sustainability & Climate Initiatives
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IATA Chief Economist Marie Owens Thomsen has criticized a European Commission proposal to extend the Emissions Trading System beyond the European Economic Area, calling it “self-empowered overreach.” She warned that the EU would “lose again” if it pursued the expansion.
AEE Aircraft Electronics Engineering GmbH and Horizon Aircraft have announced a strategic collaboration focused on hybrid-electric vertical takeoff and landing technology. The announcement identifies the technology area but does not disclose the partnership’s scope, development milestones, aircraft application or commercial timeline.
The first hydrogen-powered commercial aircraft could be considerably smaller than the aircraft discussed by the industry five years ago. The shift in expected size underscores how early hydrogen aviation may enter service on a more limited scale than earlier ambitions suggested.
ZeroAvia is targeting early 2027 to close a Series D round, with continued support for its UK operation hinging on fresh financing. Cumulative losses at the unit have topped £110 million, underscoring the funding requirement as the company seeks to sustain its operations.
High activity
Heart Aerospace received a $2.9 million award from the FAA’s Phase IV CLEEN program to advance the turbogenerator for its ES-36 hybrid-electric regional aircraft. The funding will support ground and flight testing of the system, which is part of the aircraft’s hybrid propulsion development.
Australian aviation company FlyOnE Limited has signed a letter of intent with Germany’s MD Aircraft GmbH for ten MDA1 eViator all-electric aircraft. The agreement outlines plans to introduce the nine-passenger aircraft in Australia’s regional aviation market; it is an LOI, not a confirmed aircraft order.
BETA Technologies operated electric aircraft in Utah for five days to assess their potential to transport urgent medical cargo, including radiopharmaceuticals used in cancer diagnosis and treatment. The trial focused on whether electric aviation could serve time-sensitive healthcare logistics needs.
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