Siddharth Philip

Business, Technology, Equipment, Logistics

Leasing Firm Avolon Cuts Deal to Convert Airbus A330s for Cargo

Airbus factory An employee at an Airbus assembly line hangar in Hamburg, Germany, in 2019. (Krisztian Bocsi/Bloomberg News)

Jet-leasing firm Avolon Holdings Ltd. will work with Israel Aerospace Industries Ltd. to convert 30 Airbus SE wide-bodies for use as freighters, targeting an area in which demand has soared during the coronavirus pandemic.

Siddharth Philip | Bloomberg News
October 4, 2021
Business, Technology, Fuel, Logistics, Autonomous

Amazon Starts Road Testing Rivian Electric Vans in Los Angeles

Rivian vehicle Amazon via YouTube

Amazon .com Inc. began testing the first lot of its Rivian Automotive Inc. electric delivery vans in Los Angeles as it works to fulfill a pledge to meet the goals of the Paris climate accord 10 years early.

Siddharth Philip | Bloomberg News
February 3, 2021
Business, Technology, Equipment, Fuel, Autonomous

Nikola Backer Luxor Invests in European Electric Truck Startup

Volta A Volta vehicle. (Volta Trucks)

Nikola Corp. backer Luxor Capital Group LP is investing in European electric truck startup Volta Trucks AB to help the company scale its manufacturing and expand into North America and Asia.

Siddharth Philip | Bloomberg News
January 27, 2021
Business, Technology, Logistics

Airfreight Booking Site Receives $42 Million in Funding

Cargo being loaded onto plane Cargo being loaded onto an airplane. Air cargo costs have skyrocketed in the past year as the pandemic kept planes on the ground, limiting the space available in the holds of passenger jetliners. (pluem05/Getty Images)

Cargo .one, which operates an online system for airfreight booking, raised $42 million from investors after the COVID-19 crisis helped to drive new business.

Siddharth Philip | Bloomberg News
December 17, 2020
Government, Business, Safety

Boeing’s Year-End Goal for 737 Max Return Gets Boost in Europe

Boeing 737 Max airplanes are parked at Grant County International Airport in Washington in 2019. Boeing 737 Max airplanes are parked at Grant County International Airport in Washington in 2019. (David Ryder/Getty Images)

Boeing Co.’s push to return the grounded 737 Max jet to the skies by year’s end got a boost from European regulators, who said they expect to sign off on their safety review by November.

Siddharth Philip | Bloomberg News
September 25, 2020