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lithium-investing

IAG SA CEO Backs Airbus A350 Battery Decision

Investing News Network
Feb. 19, 2013 02:11PM PST
Battery Metals Investing

Bloomberg reported that IAG Chief Executive Officer Willie Walsh supports the decision of Airbus to remove lithium-ion batteries from its A350 carriers. IAG SA is currently awaiting the delivery of the first 30 Boeing 787s in May.

Bloomberg reported that IAG Chief Executive Officer Willie Walsh supports the decision of Airbus to remove lithium-ion batteries from its A350 carriers. IAG SA is currently awaiting the delivery of the first 30 Boeing 787s in May.

As quoted in the market news:

Walsh said the Airbus shift will come at a cost because it adds weight and will therefore “clearly have an environmental impact.” The older-technology batteries weigh 60 kilograms (132 pounds) more to deliver the same power, he said.

Click here to read the full Bloomberg report.

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