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- GE Aerospace (NYSE:GE) agreed to acquire Satavia, a U.K. startup whose technology worked to lessen the warming effect of jet exhaust emissions, Sky News reported, citing people familiar with the matter.
- Satavia, founded in 2013, originally worked to protect aircraft engines from harmful substances such as dust, ice and volcanic ash. Its software subscription service and carbon credits business aims to have 25 airlines as customers before the end of the decade.
- Etihad Airways is among Satavia’s commercial partners, Sky News reported.
- Campden Hill Capital, a venture capital firm and investment adviser of a family office, is a backer of Satavia.
