Phillips 66 has decided to begin conversion of its major San Francisco area petroleum refinery into one of the world’s largest renewable fuels facilities.
Operating losses for the first quarter of 2022 increased as the company has almost doubled its investment in research and development work, but it still holds $1.2 billion in cash and other capital on its balance sheet.
The company is combining its business with special purpose acquisition company Kensington Capital and hopes to raise $430 million with a New York Stock Exchange flotation.
The company raised $377 million from an initial public offering on the New York Stock Exchange, with dented trading conditions resulting in less than the anticipated $500 million plus return.
For the first part of May global business jet activity was up by 23 percent compared with the same period last year and 9 percent over pre-pandemic 2019.
Since the beginning of Russia's attack on Ukraine NATO has taken measures to shield its member states along the eastern flank from potential aggression.
USAIG claims it should not have to cover damages caused from an unlicensed pilot but the operator suggests that the insurer didn't require full disclosure.
Brazilian business aviation services company TAM Aviação Executiva has received IS-BAH registration for its flagship FBO at São Paulo Congonhas Airport.