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Lufthansa says green fuel would eat up half German electricity

Deutsche lufthansa

BLOOMBERG Germany’s biggest airline would consume half of the country’s entire electricity production to switch its fleet to green fuels like e-kerosene, according to Deutsche Lufthansa AG, underscoring the challenge in reducing emissions from air transport. While synthetic fuels manufactured using renewable energy provided the best future path to decarbonise aviation, there is unlikely to be sufficient green electricity in ...

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Qantas drops on new CEO’s $52m fix to Joyce’s legacy

Qantas airways ahead of earnings announcement

BLOOMBERG Qantas Airways Ltd’s new boss Vanessa Hudson started work trying to restore the airline’s battered reputation with increased spending on major customer bugbears such as on-board catering, call-centre staffing and loyalty-point flight redemptions. Less than three weeks after taking the helm, the new chief executive officer has been forced to fix stress points that fractured under predecessor Alan Joyce. ...

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StanChart doesn’t see India rupee cross 84 even if dollar climbs

India removing 2,000 rupee banknotes may spur gold, property rush

BLOOMBERG India’s rupee will not drop past the 84-per dollar mark even if the greenback strengthens further from current levels as the nation’s central bank will step in to defend the currency, according to Standard Chartered (StanChart). “The Reserve Bank of India has been protecting rupee from depreciating very sharply,” Parul Mittal Sinha, head of India financial markets at the ...

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