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Aurrigo soars as British Airways trials driverless cargo shifters

Published 03/10/2023, 09:06
Updated 03/10/2023, 09:40
© Reuters.  Aurrigo soars as British Airways trials driverless cargo shifters

Proactive Investors - Aurrigo International PLC (LON:AURR) jumped 13% as it firmed up a partnership with British Airways owner International Consolidated Airlines Group (LON:ICAG) for autonomous cargo shifting at UK airports.

In a statement, Aurrigo said the partnership is expected to follow a similar pattern to an ongoing agreement with Changi Airport in Singapore.

An evaluation and simulation phase will run for four months starting now followed by a demonstration phase and an initial deployment.

Aurrigo then expects a small fleet deployment in the first half of 2025 involving the Auto-DollyTug baggage vehicle, the Auto-Cargo air-freight vehicle and Aurrigo's Auto-Sim aviation operations simulation software.

“A large UK airport” will see the first deployment with the contract valued at £0.25 million.

Jorge Saco, chief information, procurement, services, and innovation officer at IAG, said: "We first trialled the prototype Auto-Dolly in 2019 and after revisiting it post-Covid, we were impressed by how far their vehicle capabilities have progressed."

Shares in Aurrigo jumped 20p to 167.5p.

Read more on Proactive Investors UK

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