Dan Milmo

Dan Milmo

    F1 manufacturer McLaren is applying its world-class expertise to new markets — and not just racing cars.

    Canberra has proposed that a carbon dioxide reduction target is set for airlines as part of the treaty that will emerge from the Copenhagen summit.

    Airlines will move from a profit of $5,6-billion last year to a loss of $6,1-billion this year if oil is trading at $135 a barrel, according to forecasts from the global airline body.