Business magnate Bill Gates and Breakthrough Energy Ventures (BEV) took the next step toward net-zero aviation by investing $107 million in Heart Aerospace. The Swedish hybrid airplane manufacturer is advancing its ES-30 hybrid-electric airplane toward commercial viability. The backing of prominent investors, including Gates, underscores the confidence in the ES-30 as a means of addressing the challenges facing the air travel industry. This boost in funding comes as the aviation industry increas
Helped by higher capacity and increased passenger traffic, InterGlobe Aviation, the parent of IndiGo, saw its profit after tax jump in the third quarter of the current fiscal from Rs 1,422.6 crore in the year-ago period
Nirmala Sitharaman speech news: The Union Finance Minister said that the Central government will continue to work on expanding the network of new airports and adding new air routes.
Public officials and industry experts hailed the facility as a key development in the climate change battle with carbon caused by the air travel industry.