StandardAero Inc., a leading provider of aerospace engine aftermarket services, has announced a strategic partnership with Green Taxi Solutions $(GTS)$ to lead the certification of the Zero Engine Taxi™ fully electric aircraft taxiing solution. This initiative has been bolstered by a $5.6 million grant from the U.S. Federal Aviation Administration's (FAA) Continuous Lower Energy, Emissions and Noise (CLEEN) program. This funding aims to fast-track the development and certification of the eTaxi system, supporting the aviation industry's shift towards more sustainable ground operations. The certification process, led by StandardAero, is expected to take two to three years, initially focusing on the Embraer E175, with plans to expand to other commercial and military aircraft.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.