Airport

Extraction of raw materials could rise 60% by 2060 – and making mining ‘greener’ won’t stop the damage

Retrieved on: 
Friday, February 16, 2024

Due to be published later this month by the UN’s International Resource Panel, it highlights how global consumption of raw materials, having increased four-fold since 1970, is set to rise by a further 60% by 2060.

Key Points: 
  • Due to be published later this month by the UN’s International Resource Panel, it highlights how global consumption of raw materials, having increased four-fold since 1970, is set to rise by a further 60% by 2060.
  • Already, the technosphere — the totality of human-made products, from airports to Zimmer frames — is heavier than the biosphere.
  • The mining industry requires the annexation of large tracts of land for extraction and transportation; its energy consumption has more than tripled since the 1970s.

Critical raw materials

  • “Critical” and “strategic” raw materials are those that face supply risk either in their scarcity or their geographical concentration, and which the major powers require for their military sectors and for competitive advantage in tech industries.
  • Right now, the race for critical materials is geopolitical: each major power wants to secure supplies in allied countries.
  • Critical raw materials are indispensable to the green transition too.

Urban mining

  • There is scope for urban mining: for example, locating copper from inactive underground power cables or recovering elements from construction waste, sewage, incinerator ash and other garbage zones.
  • The current economic system makes extractive mining cheaper and easier than urban mining.
  • Urban mining by contrast is often labour-intensive and requires a complex and state-enforced regulation of waste streams.
  • In short, there is nothing intrinsically “green” about urban mining or the circular economy.

Is degrowth the answer?

  • The insufficiency of engineering and green growth programmes has informed the waxing interest in “degrowth” strategies.
  • According to degrowth advocate Jason Hickel, political means should be forged through which to plan priority sectors.
  • Reducing luxury and wasteful sectors such as SUVs, aviation and fast fashion would free up critical materials for the green transition.


Gareth Dale does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Fairfax India Holdings Corporation: Financial Results for the Year Ended December 31, 2023

Retrieved on: 
Thursday, February 15, 2024

TORONTO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation (TSX: FIH.U) announces fiscal year 2023 net earnings of $371.8 million ($2.72 net earnings per diluted share), compared to 2022 net earnings of $191.4 million ($1.34 net earnings per diluted share). The company's book value per share at December 31, 2023 of $21.85 increased compared to $20.89 at September 30, 2023 ($19.11 at December 31, 2022) through the realization of gains on the sales of investments and strong performance of the investment portfolio. The company's book value per share has grown at a compound annual growth rate of 9.2% (9.6% prior to the performance fee described below) from the initial public offering price of $10.00 per share. The company's growth in 2023 was supported by strong Indian equity markets and economic fundamentals.

Key Points: 
  • The financial results are derived from financial statements prepared using the recognition and measurement requirements of International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS®"), except as otherwise noted, and are unaudited.
  • See "Glossary of non-GAAP and other financial measures" at the end of this press release for further details.)
  • Fairfax India is in strong financial health, with cash and marketable securities at December 31, 2023 of approximately $209 million, prior to the sales of NSE described below.
  • Particularly, statements regarding future results, performance, achievements, prospects or opportunities of the company, an Indian Investment, or the Indian market are forward-looking statements.

Smart Airport Technologies Market Report 2024-2034 - Integration of Artificial Intelligence and Machine Learning is Revolutionizing Smart Airport Operations - ResearchAndMarkets.com

Retrieved on: 
Thursday, February 15, 2024

World revenue for the Smart Airport Technologies Market will surpass US$10.7 billion in 2024, with strong revenue growth through to 2034.

Key Points: 
  • World revenue for the Smart Airport Technologies Market will surpass US$10.7 billion in 2024, with strong revenue growth through to 2034.
  • The seamless integration of AI and ML technologies represents a transformative force in the evolution of smart airports.
  • These cutting-edge technologies empower airports with predictive analytics, facilitating operational forecasting, optimizing baggage routing, and enhancing security threat assessments.
  • These capital-intensive endeavours can strain the financial resources of airports, particularly those with limited budgets, hindering their ability to swiftly adopt smart technologies.

Surf Air Mobility and Electra Enter Bilateral Agreement to Bring eSTOL Aircraft to Market, Incorporate Surf Air Technology into Joint Systems, and Create Leasing Partnership

Retrieved on: 
Thursday, February 15, 2024

Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”), a leading green regional air mobility platform, and Electra.aero Inc. (“Electra”), a next-gen aerospace company, have joined forces to introduce affordable, sustainable, and easily accessible regional air travel to a broad customer base leveraging Electra’s hybrid-electric short takeoff and landing (eSTOL) aircraft on Surf Air’s technology-driven, on-demand air mobility platform, and through Surf Air’s Aircraft-as-a-Service (ACaaS) offering to air operators.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”), a leading green regional air mobility platform, and Electra.aero Inc. (“Electra”), a next-gen aerospace company, have joined forces to introduce affordable, sustainable, and easily accessible regional air travel to a broad customer base leveraging Electra’s hybrid-electric short takeoff and landing (eSTOL) aircraft on Surf Air’s technology-driven, on-demand air mobility platform, and through Surf Air’s Aircraft-as-a-Service (ACaaS) offering to air operators.
  • The agreement between Surf Air and Electra highlights several key points of collaboration:
    Surf Air, its data services partner(s), and Electra will collaborate on the development of predictive analytics systems to reduce overall operating costs and streamline operations.
  • “Electra stands out as one of the early market leaders in regional air mobility, and we’re excited to bring them onto our platform.
  • “Through our air mobility platform and our Aircraft-as-a-Service program, we believe we can accelerate Electra’s eSTOL aircraft time to market.”

Ontario International Airport flies high with record international passenger volume to start 2024

Retrieved on: 
Thursday, February 15, 2024

ONTARIO, Calif., Feb. 15, 2024 /PRNewswire/ -- Ontario International Airport (ONT) welcomed nearly 470,000 passengers in January, including a record-setting 45,012 international travelers, airport officials announced.

Key Points: 
  • ONTARIO, Calif., Feb. 15, 2024 /PRNewswire/ -- Ontario International Airport (ONT) welcomed nearly 470,000 passengers in January, including a record-setting 45,012 international travelers, airport officials announced.
  • The all-time high for international travelers in a single month surpassed the previous record of 43,551 set last July and was nearly 90% more than January 2023.
  • The January total passenger volume of 469,589, a 9.5% increase over the same month last year, included 424,577 domestic passengers.
  • "The new year began as last year ended with growth in passenger volume remaining strong," said Atif Elkadi, chief executive officer of the Ontario International Airport Authority (OIAA), noting that January marked the 35th consecutive month of year-over-year passenger increases at ONT.

CUPE to present a recommendation from the mediators to its Air Transat members

Retrieved on: 
Wednesday, February 14, 2024

The Air Transat Component of CUPE will present it to members during upcoming information meetings, followed by a voting period.

Key Points: 
  • The Air Transat Component of CUPE will present it to members during upcoming information meetings, followed by a voting period.
  • The collective agreement for these flight attendants, based at airports in Montreal (YUL) and Toronto (YYZ), expired on October 31, 2022.
  • On January 7, a second tentative agreement was reached, also turned down by members on February 1st by a vote of 81.9%.
  • The Air Transat Component is part of CUPE's Airline Division, which represents more than 18,500 flight attendants employed at Air Transat, Air Canada, Air Canada Rouge, Sunwing, WestJet, Encore, Calm Air, Canadian North, Pivot Airlines, Flair Airlines, PAL and Pascan.

Abraham Lincoln Capital Airport Awarded Airport Business 2024 Projects of the Year - Sustainability

Retrieved on: 
Wednesday, February 14, 2024

Springfield, IL, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Springfield, IL – February 14, 2024 - In a monumental recognition of its innovative strides in sustainability and economic efficiency, Abraham Lincoln Capital Airport (KSPI), in collaboration with energy and sustainability leader Veregy, is honored to announce its selection as the Airport Business 2024 Projects of the Year – Sustainability.

Key Points: 
  • Springfield, IL, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Springfield, IL – February 14, 2024 - In a monumental recognition of its innovative strides in sustainability and economic efficiency, Abraham Lincoln Capital Airport (KSPI), in collaboration with energy and sustainability leader Veregy, is honored to announce its selection as the Airport Business 2024 Projects of the Year – Sustainability.
  • The Airport Business 2024 Projects of the Year – Sustainability award is a testament to Abraham Lincoln Capital Airport's commitment to pioneering environmental practices and operational excellence.
  • The selection of Abraham Lincoln Capital Airport as the Airport Business 2024 Projects of the Year – Sustainability underscores its exceptional achievements in sustainability and financial management.
  • Abraham Lincoln Capital Airport was named the 2020 Primary Airport of the Year by the Illinois Department of Transportation.

Indonesia Logistics Market Surges Forward: $322.4 Billion Boom by 2027 Fueled by E-commerce & Growing Economy: Ken Research

Retrieved on: 
Wednesday, February 14, 2024

Ken Research's " Indonesia Logistics Market Outlook to 2027" report predicts a robust 11.8% CAGR, translating to a staggering $322.4 billion market size by 2027.

Key Points: 
  • Ken Research's " Indonesia Logistics Market Outlook to 2027" report predicts a robust 11.8% CAGR, translating to a staggering $322.4 billion market size by 2027.
  • Beyond simply transporting goods, Indonesia's logistics market plays a vital role in driving economic growth, creating jobs, and fostering regional connectivity.
  • E-commerce Surge: The e-commerce sector is experiencing explosive growth, with Indonesia ranking as the second-largest e-commerce market in Southeast Asia.
  • Indonesia's logistics market is undoubtedly on an upward trajectory, fueled by its robust economy, booming e-commerce, and a growing middle class.

Indonesia Logistics Market Surges Forward: $322.4 Billion Boom by 2027 Fueled by E-commerce & Growing Economy: Ken Research

Retrieved on: 
Wednesday, February 14, 2024

Ken Research's " Indonesia Logistics Market Outlook to 2027" report predicts a robust 11.8% CAGR, translating to a staggering $322.4 billion market size by 2027.

Key Points: 
  • Ken Research's " Indonesia Logistics Market Outlook to 2027" report predicts a robust 11.8% CAGR, translating to a staggering $322.4 billion market size by 2027.
  • Beyond simply transporting goods, Indonesia's logistics market plays a vital role in driving economic growth, creating jobs, and fostering regional connectivity.
  • E-commerce Surge: The e-commerce sector is experiencing explosive growth, with Indonesia ranking as the second-largest e-commerce market in Southeast Asia.
  • Indonesia's logistics market is undoubtedly on an upward trajectory, fueled by its robust economy, booming e-commerce, and a growing middle class.

Artemis Aerospace explores how rapid growth in the US aviation industry means opportunities for suppliers

Retrieved on: 
Wednesday, February 14, 2024

WISTON, England, Feb. 14, 2024 /PRNewswire/ -- With its global aviation support business flying high, Artemis Aerospace is expanding stateside.

Key Points: 
  • WISTON, England, Feb. 14, 2024 /PRNewswire/ -- With its global aviation support business flying high, Artemis Aerospace is expanding stateside.
  • It's an impressive show of resilience in an industry which ground to an almost complete halt during the pandemic.
  • Artemis Aerospace offers an innovative approach to component solutions for the aviation sector.
  • Its services include component supplies, component repairs, lessor support, flight simulation hardware support, consignment stock management and global aircraft logistics.