Aviation

Airbus invests in world’s largest clean hydrogen infrastructure fund managed by Hy24

Airbus has joined the world’s largest clean hydrogen infrastructure investment fund, managed by #Hy24 – a joint venture between Ardian, a world-leading private investment house and FiveTHydrogen

Airbus has joined the world’s largest clean hydrogen infrastructure investment fund, managed by Hy24 – a joint venture between Ardian, a world-leading private investment house and FiveTHydrogen, an investment manager specializing in clean hydrogen investments.

The investment fund of Hy24 will offer money to support reliable, sizable green hydrogen infrastructure projects all around the world. By getting involved, Airbus demonstrates its dedication to accelerating the global hydrogen economy, which is necessary for the successful introduction of its zero-emission commercial aircraft by 2035.

According to Karine Guenan, VP ZEROe Ecosystem at Airbus, “Since 2020, Airbus has collaborated with various airlines, airports, energy companies, and industry partners to establish a phased approach to the availability of hydrogen globally. “Airbus’ participation in a fund of this size reflects the company’s ongoing involvement in infrastructure investments for the production, storage, and global delivery of clean hydrogen.

Along with other significant business and financial investors, Airbus has joined the fund, according to Pierre-Etienne Franc, CEO of Hy24. “In order to address the needs of the present while ensuring the transportation and logistics of the future, Hy24 is in a good position to discover and accelerate the development of clean-hydrogen infrastructure companies.

A significant number of conditions must be completed when the aviation sector makes the transition to reach its net-zero carbon emissions target by 2050. Investing in these funds grants free access to the direct collaborations influencing the new energy ecosystems.

Aviation

Boeing, Antonov to Collaborate on Defense Projects

– MOU represents Boeing’s commitment to work with Ukrainian industry

– Includes exploring opportunities for collaborating on in-country support of Unmanned Aerial Systems

A Memorandum of Understanding was signed today by Boeing and Antonov Company to investigate potential collaboration on defense-related projects.

“We’re happy to keep collaborating with the Antonov Company to help Ukraine’s economic development and expansion,” stated Ted Colbert, CEO and president of Boeing Defence, Space, & Security.

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“This agreement demonstrates our ongoing efforts to find more opportunities to work with Ukrainian industry, which was underscored by our signing of the Ukrainian Defence Industry Compact earlier this year.”

The areas of potential collaboration identified in the agreement consist of training, logistical support and overhaul services for tactical Unmanned Aerial Systems utilized by the Ukrainian Armed Forces, which includes the ScanEagle. In addition, the companies will also explore opportunities for Antonov to provide engineering support to Boeing.

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“A strong, innovative, and efficient defense industry is key to sustainable economic development and national security, and we are extremely excited to collaborate with Boeing,” said Ievhen Gavrylov, CEO of Antonov Company.

This agreement brings a whole new level of opportunity to implement the latest and most effective solutions – in addition to the possibility of future projects with Boeing in the aerospace and defense industry.”