* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, September 23, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Caesars Entertainment (CZR): Assessing Valuation After Times Square Casino Setback and Mounting Investor Concerns – simplywall.st

    Caesars Entertainment Faces Times Square Casino Hurdles as Investor Concerns Mount

    Why Hilaria Baldwin Has Found the ‘DWTS’ Process ‘Embarrassing’ At Times – WFXG

    Hilaria Baldwin Opens Up About the Embarrassing Moments on Her ‘DWTS’ Journey

    Harvest Fest 2025 – yadkinripple.com

    Celebrate the Bounty: Harvest Fest 2025 is Coming!

    Fox News Entertainment Newsletter: Kate Middleton stuns during Trump state visit, Brett James dead at 57 – Fox News

    Kate Middleton Stuns During Trump State Visit; Remembering Brett James at 57

    Lara Beitz to headline Oshkosh show with top comedians at Time Community Theater Sept. 27 – Yahoo

    Lara Beitz to Headline Star-Studded Oshkosh Comedy Night on September 27

    Shakespeare (with a twist) in Grand Junction – Yahoo

    Experience Shakespeare Like Never Before in Grand Junction

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Meta to expand Montgomery data hub, pushing total investment to $1.5 billion – Alabama Department of Commerce

    Meta to Supercharge Montgomery Data Hub with $1.5 Billion Investment

    Agentic AI and the future of work: navigating technological promise and the risk of increased automation – Equal Times

    Agentic AI and the Future of Work: Embracing Innovation While Navigating Automation Challenges

    Technology alliance introduces system for stable recycling quality – RECYCLING magazine

    Innovative Technology Alliance Unveils Breakthrough System for Consistent Recycling Quality

    Pepper Pike council considers upgrading technology for streaming meetings, remote meeting participation – Cleveland.com

    Pepper Pike Council Explores Upgrading Technology for Enhanced Streaming and Remote Participation

    How Michelin Uses Technology to Rethink Tire Manufacturing: Interview – Motor1.com

    How Michelin’s Tech-Driven Revolution Is Transforming Tire Manufacturing

    Analysts Offer Insights on Technology Companies: Avnet (AVT), Nvidia (NVDA) and Atlassian (TEAM) – The Globe and Mail

    Experts Share Key Insights on Avnet, Nvidia, and Atlassian’s Future Prospects

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Caesars Entertainment (CZR): Assessing Valuation After Times Square Casino Setback and Mounting Investor Concerns – simplywall.st

    Caesars Entertainment Faces Times Square Casino Hurdles as Investor Concerns Mount

    Why Hilaria Baldwin Has Found the ‘DWTS’ Process ‘Embarrassing’ At Times – WFXG

    Hilaria Baldwin Opens Up About the Embarrassing Moments on Her ‘DWTS’ Journey

    Harvest Fest 2025 – yadkinripple.com

    Celebrate the Bounty: Harvest Fest 2025 is Coming!

    Fox News Entertainment Newsletter: Kate Middleton stuns during Trump state visit, Brett James dead at 57 – Fox News

    Kate Middleton Stuns During Trump State Visit; Remembering Brett James at 57

    Lara Beitz to headline Oshkosh show with top comedians at Time Community Theater Sept. 27 – Yahoo

    Lara Beitz to Headline Star-Studded Oshkosh Comedy Night on September 27

    Shakespeare (with a twist) in Grand Junction – Yahoo

    Experience Shakespeare Like Never Before in Grand Junction

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Meta to expand Montgomery data hub, pushing total investment to $1.5 billion – Alabama Department of Commerce

    Meta to Supercharge Montgomery Data Hub with $1.5 Billion Investment

    Agentic AI and the future of work: navigating technological promise and the risk of increased automation – Equal Times

    Agentic AI and the Future of Work: Embracing Innovation While Navigating Automation Challenges

    Technology alliance introduces system for stable recycling quality – RECYCLING magazine

    Innovative Technology Alliance Unveils Breakthrough System for Consistent Recycling Quality

    Pepper Pike council considers upgrading technology for streaming meetings, remote meeting participation – Cleveland.com

    Pepper Pike Council Explores Upgrading Technology for Enhanced Streaming and Remote Participation

    How Michelin Uses Technology to Rethink Tire Manufacturing: Interview – Motor1.com

    How Michelin’s Tech-Driven Revolution Is Transforming Tire Manufacturing

    Analysts Offer Insights on Technology Companies: Avnet (AVT), Nvidia (NVDA) and Atlassian (TEAM) – The Globe and Mail

    Experts Share Key Insights on Avnet, Nvidia, and Atlassian’s Future Prospects

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Why did an Indian airline just place an order for 150 more 737 Max planes from a reeling Boeing? All because of ‘sustainability’

January 18, 2024
in Business
Why did an Indian airline just place an order for 150 more 737 Max planes from a reeling Boeing? All because of ‘sustainability’
Share on FacebookShare on Twitter

After weeks of navigating yet another disaster related to its 737 Max aircraft, Boeing can share some good news. Low-budget Indian airline Akasa Air announced on Thursday an order of 150 Boeing 737 Max aircrafts, Boeing’s first order since a ripped fuselage on a 737 Max 9 model forced the emergency landing of an Alaskan Airlines flight on Jan. 5. Akasa Air’s order of 737 Max 10 and 737 Max 8-200 jets will be delivered over eight years and does not include any Max 9 aircraft.

Boeing has shed 15% of its market capitalization since the Jan. 5 failure—roughly $22 billion—starting the year with both a literal bang and a whimper. Akasa Air’s order of jets still represents a sorely needed boost for Boeing, though. Akasa Air will be banking on Boeing’s sustainable innovation to make a positive impression in India’s growing aviation market.

“The lower carbon emissions of the 737 Max family allow us to remain focused on sustainable operations, while also providing our environmentally conscious passengers with a more comfortable way to fly,” Akasa Air CEO and founder Vinay Dube said in a press release.

The ordered 737 Max jets will reduce fuel use and carbon emissions by 20% and produce 50% less noise compared to older generations of planes, according to Boeing. 

The addition of 150 Boeing planes will more than double Akasa Air’s fleet to 226 aircraft. Launched in 2022, Akasa Air makes up 4% of India’s market, according to India’s Directorate General of Civil Aviation. 

Aircraft sustainability efforts have flourished in the past few years. While Boeing’s efforts have attracted Akasa Air, it may not be enough to distinguish themselves from rival Airbus, which forms a global “duopoly,” as noted by Bank of America Research.

Everyone wants to be more sustainable

International Air Transport Association member airlines passed the Fly Net Zero resolution in October 2021, committing to reach net zero carbon status by 2050. Aircraft manufacturers have invested in sustainable aviation fuel made from non-petroleum feedstocks, lighter-weight parts and electric- and hydrogen-powered aircrafts to reduce carbon emissions.

Boeing bought 5.6 million gallons of blended SAF to support commercial operations, according to its 2023 Sustainability Report, compared to 2 million for 2022 operations. Boeing subsidiary Wisk invested $450 million in an electric, autonomous, four-passenger air taxi in January 2022.

Airbus announced on Tuesday the successful powering on of their iron pod, a “hydrogen-propulsion system designed for Airbus’ electric concept aircraft,” the foundation of Airbus’ four hydrogen-powered concepts, including a fully electric aircraft, announced in 2020. Like Boeing, Airbus is expanding the use of SAF. Airbus updated its older commercial model family of the A320ceo to the A320neo in 2010, claiming that the A320neo models are able to use a 50% SAF blend. The company hopes to use 100% SAF for the models by 2030, as does Boeing. Airbus spokesperson Kristi Tucker said they hope to have a hydrogen-powered plane in service by 2035.

Boeing and Airbus share similar struggles

James Darcy, aviation consultant, former head of communications of Airbus for the Americas and member of the National Aeronautic Association’s Sustainability Advisory Committee, told Fortune that one challenge airline companies face when ordering more sustainable aircrafts is the time it takes for the planes to be delivered, saying that both Boeing and Airbus have 10-year backlogs. “Airlines are having to make decisions today based on what’s available that will influence their fleet composition 10 years from now,” he said. As supply chain delays have hampered aircraft production, manufacturing has been unable to keep up with advancing sustainable technologies.

A Boeing spokesperson did not disclose when the 737 Max aircraft would be delivered to Akasa Air.

While manufacturers are making long-term investments in hydrogen-propulsion systems and electric airplanes, airlines have to settle for purchasing aircrafts that use SAF to reduce carbon emissions gradually.

Akasa Air may have drawn to Boeing’s sustainability mission, but Darcy said the Boeing 737 Max is just as sustainable as Airbus’ A320neo.

“You’re not going to have a big competitive differentiator one way or another in the current generation on the sustainability front,” Darcy said. “Those decisions are more likely going to come down to things like cost to operate, cost to own and overall reliability. It’s an interesting choice given the current headlines on the Max aircraft.”

Akasa Air did not respond to Fortune’s request for comment.

Subscribe to Impact Report, a weekly newsletter on the trends and issues shaping corporate sustainability. Sign up for free.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Fortune – https://fortune.com/2024/01/18/why-boeing-order-150-aircraft-737-max-indian-akasa-air/

Tags: airlinebusinessIndian
Previous Post

Big Meat giant JBS’ bid to list on NYSE draws widespread opposition from UK, US lawmakers over Amazon deforestation

Next Post

America’s 4 largest car makers all pass on the Super Bowl for the first time in 23 years — and the race to catch Elon Musk could be to blame

Tropical biodiversity loss from land-use change is severely underestimated by local-scale assessments – Nature

Tropical Biodiversity Loss from Land-Use Change Is Much Worse Than Local Studies Show

September 23, 2025
NIH launches $50M Autism Data Science Initiative to unlock causes and improve outcomes – National Institutes of Health (NIH) | (.gov)

NIH Launches $50M Autism Data Science Initiative to Uncover Causes and Improve Lives

September 23, 2025
Scientists make incredible discovery that solves dangerous issue with plastic: ‘We can help the world’ – Yahoo

Scientists make incredible discovery that solves dangerous issue with plastic: ‘We can help the world’ – Yahoo

September 23, 2025
10 money lessons Boomers learned young that still shape their life choices – VegOut

10 Powerful Money Lessons Boomers Learned Early That Still Shape Their Lives Today

September 23, 2025
Meta to expand Montgomery data hub, pushing total investment to $1.5 billion – Alabama Department of Commerce

Meta to Supercharge Montgomery Data Hub with $1.5 Billion Investment

September 23, 2025
Packers’ Josh Jacobs dealing with a super concerning rushing stat – Yahoo Sports

Packers’ Josh Jacobs dealing with a super concerning rushing stat – Yahoo Sports

September 23, 2025
U.S. and Israel against the world as Palestine dominates UN week – Axios

U.S. and Israel against the world as Palestine dominates UN week – Axios

September 23, 2025
Global economic outlook weakens as policy uncertainty weighs on demand – OECD

Global economic outlook weakens as policy uncertainty weighs on demand – OECD

September 23, 2025
Caesars Entertainment (CZR): Assessing Valuation After Times Square Casino Setback and Mounting Investor Concerns – simplywall.st

Caesars Entertainment Faces Times Square Casino Hurdles as Investor Concerns Mount

September 23, 2025
AI Tool Predicts Health Problems in Patients 20 Years Before They Emerge – eWeek

AI Tool Detects Health Issues Two Decades Before Symptoms Appear

September 23, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (833)
  • Economy (853)
  • Entertainment (21,731)
  • General (17,200)
  • Health (9,896)
  • Lifestyle (866)
  • News (22,149)
  • People (856)
  • Politics (863)
  • Science (16,064)
  • Sports (21,353)
  • Technology (15,836)
  • World (837)

Recent News

Tropical biodiversity loss from land-use change is severely underestimated by local-scale assessments – Nature

Tropical Biodiversity Loss from Land-Use Change Is Much Worse Than Local Studies Show

September 23, 2025
NIH launches $50M Autism Data Science Initiative to unlock causes and improve outcomes – National Institutes of Health (NIH) | (.gov)

NIH Launches $50M Autism Data Science Initiative to Uncover Causes and Improve Lives

September 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version