Transaction To Close End Of Q3, 2022

Parker Hannifin Corporation confirms that Meggitt Shareholders have approved the terms of the recommended cash acquisition of the entire issued and to be issued ordinary share capital of Meggitt PLC as announced on August 2, 2021. The transaction is expected to close in Q3 of 2022. Meggitt PLC has issued a report announcing the voting results. The acquisition remains subject to satisfaction of the conditions set out in the scheme document, including regulatory clearances. Under the UK Companies Act, the Scheme of Arrangement further requires the sanction of the Court, currently Q3 of 2022.

Investments Include Safety, Sustainability and Greater Accessibility At Airports

The FAA has awarded more than $431.8 million in grants to build safer, more sustainable and more accessible airports across the United States. Projects at 60 airports in 31 states plus Puerto Rico and the US Virgin Islands are included in this final round of funding for 2021. “To get passengers where they need to be safely and sustainably, we must make ongoing investments in our aviation system. These grants will help fulfill our commitment to build a safer, more equitable and more sustainable future,” said Transportation Secretary Pete Buttigieg.

82% of Communities In The State Are Accessible Only By Air

The FAA will award seven Alaska airports a total of $42 million in Airport Improvement Program grants to help with safety, access and sustainability efforts. The FAA has awarded more than 64 grants totaling $257.4 million to Alaska airports during fiscal year 2021. “These grants reflect our ongoing commitment to the unique needs of the Alaska aviation community and our focus on supporting the extensive Alaska National Airspace System,” said FAA Administrator Steve Dickson. In Alaska, approximately 82% of communities are only accessible by air. Aviation in Alaska is critical to daily operations in the state, including life saving supplies, food distribution, transportation, medi

The Companies Will Work Together To Bring New Forms Of Air Travel To Market

Air New Zealand and Airbus have signed a Memorandum of Understanding to work together on a study to explore the potential for hydrogen-powered aircraft operations. Following the terms of  the agreement, Air New Zealand will examine the reactions hydrogen-powered aircraft may have on its network, operations and infrastructure. Meanwhile, Airbus will share expected aircraft  performance and ground operations characteristics to support Air New Zealand in its decarbonisation roadmap.