Source: SITA The $400m transaction was oversubscribed and is linked to the company’s sustainability performance SITA, a global IT provider for the aviation industry, has signed a $400m inaugural sustainability-linked revolving credit facility over a minimum three-year term. The backup facility will support the company’s general business needs, such as developing new solutions and strategies to alleviate the air transport industry’s challenges of today and in the future. The syndication was oversubscribed. As part of the arrangement, four new banks have signed up to support SITA in addition to the company’s five existing banking partners, underlining investor confidence in the technology provider. SITA’s robust cost control, effective cash management, and strengthening green credentials are factors contributing to investor interest. This [...]

Source: IAMA On closing the second quarter of 2022, IAMA is able to share and highlight the following accomplishments during the last half a year: Many of our members have successfully completed their prescribed audits, and the first official IAMA-endorsed Supplemental Type Certificates from Lufthansa Technik , Eclipse Technics, and CarlisleIT are available. An IAMA-endorsed STC is a high-quality STC that follows a set of operational and functional rules that define a commonly agreed framework for the complete modification life cycle, providing standards and best practices for a predictable quality. In addition, it clarifies the modification's processes and attributes that solve industry hurdles for stakeholders throughout the life cycle. If Airlines or lessors are interested in an IAMA-endorsed STC, they can reach out to our [...]

Source: SITA Passengers embrace IT for convenient and seamless air travel, as the air transport industry continues to digitalize the journey’s steps SITA’s 2022 Passenger IT Insights research, published today, highlights pent-up demand for both business and leisure travel emerging from the pandemic, with passengers further embracing mobile and touchless technologies to make the journey as convenient and seamless as possible. The survey reveals an increase in passenger use of mobile devices for booking, on board the airplane, and for bag collection in Q1 2022 compared to Q1 2020, while automated gates saw increases in adoption for identity control, boarding, and border control. The results clearly reflect the accelerated digitalization of air travel since the outbreak of the pandemic and passengers’ willingness [...]

Source: Neste Today, Neste and Fly Victor, the on-demand private jet company, announce a partnership which sets a new sustainability benchmark in business aviation. Starting today, Victor members can purchase Neste MY Sustainable Aviation Fuel™ (SAF) for every private jet booking globally. This enables private jet charterers to reduce the carbon footprint of their private air travel in a credible and measurable way. Victor’s private and corporate members can reduce the carbon emissions of their air travel, meet the climate targets they have set, and credibly report on their CO2e emission reductions. Corporates signed up for Science Based Targets initiative (SBTi) who are genuinely committed to reducing their Scope 3 emissions, and specifically emissions from their jet charter flights, can currently [...]

Source: Neste Corporation Chris Cooper has been appointed President of Neste US as of 1 July 2022. In his role, he is responsible for supporting and aligning regional business strategies to deliver the strategic growth targets, and he acts as Neste’s primary representative for the external community in the US. At the moment, Chris is holding the position of Vice President Americas of Neste Renewable Aviation. “The US presents important opportunities for our growth strategy in sales and trading, renewable feedstock supply and production, and we want to further strengthen our position in the country. I am very happy to appoint Chris to lead the fast growing US organisation and to further accelerate our renewables’ growth strategy execution in the [...]