The aviation sector is always on the lookout for new technology to make operations more efficient and profitable. While the last few years were quite rocky for the industry, there have also been several technological advancements that are propelling it forward.
From artificial intelligence to sustainable aviation fuel, airlines and airports are trying to adopt the latest tech as they plan their future and keep up with changing times and requirements to stay competitive.
While AI is not a new buzzword, and the tech has been around for many years, recent advancements and tools such as ChatGPT, among others, have made every industry take it more seriously.
Avation PLC (LON:AVAP) is a commercial passenger aircraft leasing company owning a fleet of aircraft which it leases to airlines across the world. Avation’s future focus are new technology low CO2 emission aircraft.