LATAM Airlines Group signed the first "Sustainability-Linked Loan" in its history for a total of US$300 million, thus becoming the only airline in South America to have carried out a financial operation of the kind so far.
The agreement signed with Credit Agricole Corporate & Investment Banking and BNP Paribas corresponds to a revolving credit line that allows LATAM to access additional long-term financing under special conditions in its interest rates if a series of sustainability goals are met.
"This is our first financial product associated with sustainability and we see it as a first step to continue exploring other similar instruments in the future, such as sustainability-linked bonds. This milestone not only reinforces the commitment to being a more sustainable group, hand in hand with the strategy and actions focused on climate change, circular economy, and shared value, but also allows LATAM to be a pioneer in promoting sustainability-related finance in the aviation sector in the region," said Andrés del Valle, VP Corporate Finance of LATAM Airlines Group.
L3Harris Technologies has successfully conducted the first flight of its all-digital electronic warfare (EW) suite, Viper Shield, on a single-seat…
Princess Anne, the United Kingdom’s Princess Royal, has officially opened a new electro-optics facility at Thermoteknix, a company based in…
The French Defence Procurement Agency (Direction Générale de l'Armement / DGA) has entered into a 24-month contract with Airbus Defence…
In December 2024, Integrated Surveillance and Defense (ISD), in partnership with the U.S. Naval Air Systems Command (NAVAIR) and Indonesian…
Veridos will once again supply the technology for identifying participants at the Munich Security Conference (MSC), scheduled to take place…
Rheinmetall has secured a major contract to advance the digitalisation of the Bundeswehr’s communication infrastructure. The company, through its subsidiary…
Lufthansa Group has begun the integration of ITA Airways into its network, with several key benefits now available to passengers.…
The Indonesian Air Force (TNI-AU) is set to receive six Rafale fighter jets from France in 2026, Air Chief Marshal…
The Royal New Zealand Air Force (RNZAF) has retired its fleet of C-130H Hercules aircraft after 60 years of service.…
Lockheed Martin has delivered the first F-16 Block 70 fighter jet to Bulgaria, marking a significant advancement in the country’s…
BIRD Aerosystems has received a follow-on order for the company's Aeroshield missile protection system, which includes the SPREOS (Self Protection…
The U.S. Navy has awarded Lockheed Martin a $383 million contract modification to continue the development of the next generation…
Cohort plc, an independent technology group, has completed the acquisition of EM Solutions, an Australian company specialising in satellite communication…
The Royal Thai Navy (RTN) has outlined plans to acquire four new frigates to strengthen its fleet, with preparations underway…
Aselsan, Türkiye’s leading defense company, signed export contracts worth over 1 billion USD in 2024, a record high figure in…
L3Harris Technologies' Chief Financial Officer Ken Bedingfield, 52, took over as President, Aerojet Rocketdyne, effective Monday. He succeeds Ross Niebergall,…
ZeroAvia has reached consensus on the Certification Basis relating to its 600kW electric propulsion system (EPS) with the Federal Aviation…
ASQS, a provider of integrated safety and quality management software for the aviation industry, has appointed Florian Lis-Srajer as Deputy…
As Tehran and Moscow continue military cooperation, Iran has acquired advanced Sukhoi-35 fighter jets from Russia to bolster its military…
Israeli company Smartshooter has unveiled its latest counter-UAS (C-UAS) solution: Smash Dome. The lightweight, portable, and adaptable solution supports both…
The Israeli ministry of defence is evacuating a new shopping list submitted by Morocco. Israeli defence sources said that the…
Sentrycs has introduced HORIZON, an AI-driven counter-drone system designed to detect a wide range of DIY drones, including those that…
Terma has signed a contract with Swiss aerospace and telecommunications company SWISSto12 to supply key equipment for the HummingSat project,…
The first of the two Airbus-built new generation SpainSat satellites, SpainSat NG-I, has been successfully launched on a Falcon 9…
Embraer has begun accepting applications for its Social Tech Careers programme, a free technology training initiative designed for women and…
A renaming ceremony was held at Fincantieri’s Muggiano shipyard on Wednesday (Jan. 29) for two Multipurpose Combat Ships / Pattugliatore…
Switzerland-based JEKTA, the manufacturer of the zero-emissions PHA-ZE 100 amphibious aircraft, has formed two new strategic partnerships to enhance its…
The Hungarian Ministry of Defence and EDGE, a prominent advanced technology and defence group, have signed a letter of intent…
Boom Supersonic has announced the successful first supersonic flight of the company's XB-1 demonstrator aircraft at Mojave Air & Space…
BlackSky Technology Inc. has signed a seven-year contract worth over $100 million with a long-term strategic partner in the international…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2025 GBP all rights reserved.