Airbus, Dassault, Saab and Rolls Royce have struck a deal with the EC worth
e1.6bn, in forming their Clean Sky Joint Technology Initiative.
As flight passenger numbers increase 5% each year, pressure has mounted to
find a greener alternative to current forms of aviation technology. The four
companies have secured financial assistance from the EC, which will stump up
half the cash required to fund the initiative.
“The programme is so huge that if we don’t work with the EC, we’ll never
succeed,” says Myriam Goldsztejn, Dassault’s deputy director of research and
The companies are funding the other half of the project with their own
capital, an investment which speculators think will be reaped back in the form
of carbon credits on the EU Emissions Trading Scheme, as well as being able to
use reduced emissions figures in their environmental key performance indicators
as part of the business review. The programme aims for:
- 50% reduction in CO2 emissions through better fuel economy;
- 80% reduction in nitrous oxide emissions;
- 50% reduction in noise; and
- Improved design to include more environmentally-friendly manufacturing,
maintenance and disposal of aviation products.
Join Financial Director, Oracle and a host of ‘Fast Data’ experts to discover how financial professionals can help create a Fast Data business
Wolseley is to cut up to 800 UK jobs and close around 80 branches costing the company about £100 million, the plumbing and heating supplier said on Tuesday despite reporting rising sales and profits
GoCompare is to demerge from esure and and be floated on the London Stock Exchange with the aim of boosting growth and performance
Three former Tesco executives, including the former finance director of Tesco UK, have been charged with fraud in relation to a £263m accounting scandal at the supermarket chain