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ZeroAvia’s hydrogen-powered vision for aviation nets $21.4 million from Amazon, Shell and Bill Gates-backed fund

TechCrunch

Our most recent milestone achievements are closing the gap for the airline industry to begin its transition away from fossil fuels. In fact, over ten forward-looking airlines are now gearing up to implement our powertrains when they are ready in 2023,” Miftakhov said in a statement. Image Credit: ZeroAvia. But] we are already too late.

.Net 195
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Corporate sustainability initiatives may open doors for carbon offset startups

TechCrunch

Commitments to carbon neutrality keep coming from all corners of the business world — over the past few weeks, companies ranging from the fast-casual restaurant chain Sweetgreen to the security-focused networking IT company Palo Alto Networks to the online craft retailer Etsy committed to net-zero carbon emission plans.

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Airline Reporting Corporation and IATA Billing and Settlement Plan: How they Work

Altexsoft

In this article, we’ll figure out what BSP and ARC mean and — more importantly — why you should care, if you are a travel agent that wants to issue flight tickets on behalf of airlines. Sounds complicated, but in plain English, BSP is a payment mediator between airlines and travel agents. Start there and then come back.

Airlines 126
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Fetcherr raises $12.5M to dynamically price airfare with algorithms

TechCrunch

Roy Cohen believes that there’s a severe underinvestment in tech within the airline industry, with airlines continuing to rely on legacy systems and outdated infrastructures that date back decades. “Fetcherr predicts demand using real-time, sophisticated models and automatically provides pricing recommendations.”

Airlines 184
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Escaping the eye of the storm – Lessons in crisis management from the airline industry

CEO Insider

According to International Air Transport Association, the global airline industry incurred net losses of $52bn in 2021 and is expected to lose an additional $12bn in 2022. The post Escaping the eye of the storm – Lessons in crisis management from the airline industry appeared first on CEOWORLD magazine.

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The air taxi market prepares to take flight

TechCrunch

Partnerships with major automakers and airlines are on the rise, and CEOs have promised commercialization as early as 2024. Meanwhile, Joby’s net loss last year was $114.2 The field is now dotted with new or soon-to-be publicly traded companies courtesy of mergers and special purpose acquisition companies.

Marketing 277
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Sylvera takes $32M to build trust in carbon offsetting ratings

TechCrunch

Sylvera is not disclosing how many customers it has for its ratings — which it makes available via a web app and API — but says customers so far span a mix of industries, and include the likes of Delta Airlines, Cargill, CBL (an Xpansiv market) and Bain & Company.