In 2024, the industry expects to record revenues of almost USD 1 trillion. Expenses however will also be at a record high of USD 936 billion. Net profit will be USD 30.5 billion. This translates to a modest net margin of just over 3%. Despite the value airlines create, profit per passenger is USD 6.14 — barely enough for a single espresso in a typical hotel café. Willie Walsh, Director General of the International Air Transport Association (IATA), discusses navigating the future of aviation. #henleypassportindex #henleyglobalmobilityreport #globalmobility #travelfreedom #visafreetravel #passportpower #henleyandpartners #investmentmigration
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Under the Singapore Sustainable Air Hub Blueprint, announced at the #ChangiAviationSummit on the eve of the #SingaporeAirshow, flights departing from Singapore will be required to use sustainable aviation fuel from 2026, with a 1% #SAF uplift target in 2026 and plans to subsequently raise it to 3%-5% by 2030, Salient points to note: 🔑 ✈ SAF is key and a critical pathway for the decarbonization of aviation and is expected to contribute around 65% of the carbon emission reduction needed to achieve net zero by 2050. 💡 Under the Blueprint, CAAS will work with aviation stakeholders to reduce domestic aviation emissions from airport operations1 by 20% from 2019 levels (404ktCO2e) in 2030 and achieve net zero domestic and international aviation emissions2 by 2050. 💰 CAAS plans to introduce a SAF levy for the purchase of SAF to provide cost certainty to airlines and travelers. The levy will be set at a fixed quantum, based on the SAF target and projected SAF price at that point in time. This will vary based on factors such as distance travelled and class of travel. For instance, the levy to support a 1% SAF uplift in 2026 could increase ticket price for an economy class passenger on a direct flight from Singapore to Bangkok, Tokyo and London by an estimated amount of around S$3 ($2.23), S$6 and S$16 respectively. #SingaporeAirShow #SustainableAviation Neste Civil Aviation Authority of Singapore https://lnkd.in/ga_QhX2r
Singapore mandates SAF use for departing flights, to introduce levy from 2026
spglobal.com
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Swedavia's Annual and Sustainability Report for 2023 states that the recovery in air travel continues, with an enhanced range of routes and destinations served by both new and returning airlines at all Swedavias ten airports. ✈ During the year, #Swedavia continued to take new steps in the transition to fossil-free aviation, and in December, #GöteborgLandvetterAirport and #MalmöAirport received the highest level of certification according to the Airport Carbon Accreditation - the international industry standard for climate transition work at the world’s airports - making Swedavia one of only five airport operators in the world to be certified at this level. ♻ “Long distances should never be an obstacle that prevents people from meeting. Aviation connects people, brings friends and family together, and enables ideas and experiences to be shared and new insights to be gained from all corners of the world. In doing so, aviation helps to increase the understanding of people from other cultures and religions like no other mode of transport, and it is no exaggeration to say that through this aviation improves the conditions for achieving an existence free from war and unrest. Air travel is simply a necessity for people to meet, and as we look at the numbers for 2023, we can see that this need remains strong” Swedavia's president and CEO, Jonas Abrahamsson, writes in his CEO statement. Learn more https://lnkd.in/dKdAnec2
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Flights departing from Singapore will be required to use sustainable aviation fuel from 2026, with a 1% SAF uplift target in 2026 and plans to subsequently raise it to 3%-5% by 2030. #sustainableaviationfuels
Singapore mandates SAF use for departing flights, to introduce levy from 2026
spglobal.com
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ESG Strategic Planning | Driving Low Carbon & Corporate Initiatives | Project Execution & Technical Expert | Operations & Asset Management | 15+ Years in Energy Sectors
While I applaud the foresight and the many great initiaitves annouced during #budget2024, I wouldn't say this won't hurt 🤷♂️ . Starting in 2026, all flights departing from #Singapore will be required to use a blend of sustainable aviation fuel (#SAF). This is a significant move in reducing the #carbonfootprint of the #aviation industry, a major contributor to #climatechange. Airlines are required to use 2% SAF in their fuel mix and due to increase 10% by 2030. Evidently there will be an increase in airfare to cover costs of SAF, #greenhousegasemissions is cited to be reduced by up to 80% compared to traditional jet fuel! Well, I choose to believe this is all in good cause, my kids, my kids' kids will have a (hopefully) better #environment to live in.... #sustainableaviation #singapore #climatechange #greentravel
Air ticket prices to go up as Singapore mandates sustainable fuel for departing flights from 2026
channelnewsasia.com
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Industry Insights: Singapore takes a bold step towards sustainable aviation by mandating the use of sustainable fuel for departing flights from 2026. This move will contribute to the decarbonisation of airline operations and align with the country's goal of achieving net zero emissions by 2050. #SustainableAviation #Decarbonisation #SingaporeAviation #IndustryInsights https://lnkd.in/gky3Ac85
Air ticket prices to go up as Singapore mandates sustainable fuel for departing flights from 2026
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Travellers look at the flight departure schedule on the screen at Singapore Changi airport on December 7, 2022. Roslan Rahman | Afp | Getty Images Flights departing from Singapore will cost more from 2026 as the country pushes ahead with its aviation industry decarbonization goals. All outbound planes will use sustainable aviation fuel (SAF) from 2026 as Singapore aims 1% of all jet fuel used at Changi Airport and Seletar Airport by that year to comprise SAF, with plans to raise it to 3-5% by 2030, Transport Minister Chee Hong Tat said Monday. The initiative is part of a sustainable air hub blueprint which was unveiled by the Civil Aviation Authority of Singapore (CAAS) on the eve of the Singapore Airshow. “The use of SAF is a critical pathway for the decarbonization of aviation and is expected to contribute around 65% of the carbon emission reduction needed to achieve net zero by 2050,” CAAS said in a statement. To achieve the ambitious 1% target by 2026, travelers flying out of Singapore will have to be prepared to pay higher air fares. Currently, SAF comprises about 0.2% of global jet fuel use. Economy class passengers taking direct flights from Singapore to Bangkok, Tokyo and London might have to pay an additional S$3, S$6 and S$16, respectively, according to the sustainable air hub blueprint. Passengers taking premium classes will pay higher levies. The cost impact that comes with the target of raising the SAF composition to 1% is “manageable,” Chee said, adding that key stakeholders have been consulted and the goal provides an incentive for new investments in SAF production facilities. In 2021, the International Air Transport Association and member airlines committed to reaching net-zero carbon emissions by 2050. Source link
Singapore outbound flights to cost more from 2026 over green fuel requirements
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New research commissioned by Royal Schiphol Group, which operates Amsterdam’s Schiphol Airport, has concluded it must cut carbon emissions by at least 30% below 2019 levels before 2030 – compared to the national ambition of 9% – to meet climate targets aligning with the Paris Agreement, reports Tony Harrington for GreenAir News. The Group commissioned two studies, one by the NLR - Netherlands Aerospace Centre, the other by sustainability research institute CE Delft, to help establish what actions would be needed to contain the airport’s CO2 emissions within Paris parameters. Options proposed for Schiphol, one of Europe’s biggest air hubs, included further development of new technology, rapid upscaling of sustainable aviation fuel and “ambitious” demand management focusing on long-haul flights, premium class travel and private flights. The research also concluded that a net zero target for a specific year was insufficient to achieve decarbonisation goals and highlighted the need for ongoing incremental improvements. #sustainableaviation #netzero #aviation #fitfor55 Mark Pilling Chris Lyle Denise Pronk Elisabeth van der Sman Bram Peerlings Rik Brouwer International Air Transport Association (IATA) Willie Walsh Marie Owens Thomsen Airlines for Europe (A4E) Laurent Donceel Kevin Hiney European Regions Airline Association Montserrat Barriga Andrés ACI EUROPE Alexandre de Joybert Alexandros Ouzounopoulos https://lnkd.in/ehWCafCV
Studies say Amsterdam’s Schiphol Airport must cut emissions over 30% by 2030 and cap demand
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✈️ Exciting News for British Aviation! 🌍 Measures have been announced to support the growth of the UK aviation sector and the sustainable aviation fuel (SAF) industry, ensuring skilled British jobs and a sustainable future for air travel. 🌿 Plans are in place for a world-leading sustainable aviation fuel mandate, aiming for 10% of all jet fuel to be eco-friendly by 2030. 💼 The SAF industry is set to boost the economy by £1.8 billion and create over 10,000 jobs across the UK by 2030. 🌟 This initiative forms part of the UK’s commitment to cutting emissions while minimising impact on consumers, cementing its position as a world leader in sustainable air travel. #SustainableAviation #UKAviationGrowth #GreenJetFuel
Aviation fuel plan supports growth of British aviation sector
gov.uk
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"Each is prone to follow his nature, His senses stormed by earthly pleasure, Submit not to them they be your foe, Else you will reap whatever you sow."
Sustainable aviation fuel is the best available tool for cutting emissions With a remarkable sense of urgency, International Air Transport Association Director General Willie Walsh appeals to aviation fuel producers to make more sustainable aviation fuel (SAF) available, underscoring the future of air travel industry's dependence on decarbonisation. Walsh: "Now I believe the industry has shown strong demand for this product. Every single drop of sustainable aviation fuel that has been produced has been used by the industry. In 2020, 2021, 2022, during the height of the pandemic, the industry continued to invest in this expensive product. And I've absolutely no doubt that we will continue to do so. What we need to see as an industry is greater production. We need to see governments providing the incentive for production to significantly increase. And with that increase in production, I guarantee you that the airlines will use all of the fuel produced despite the cost impact that will represent." Besides widespread availability of SAF, it will be "incentives" read subsidies in some form that would make a difference. With SAF hovering around 2- 4 times ATF prices, there is little leeway for mass adaptation. Many states, including a majority in the EU, do not tax ATF. The concept of subsidies for SAF in some form may through up a few tax riddles to be resolved, requiring further adjustments to trans-national taxation rules going beyond the Chicago Convention. Whether governments could contemplate subsidising SAF, above and beyond present-day tax exemptions to the airline industry, in the face of mounting pressure to cut emissions, would raise the hackles of many. Undoubtedly, factors such as employment, tax revenue and (technology) autonomy will play a role, in the decision making process. IATA is not the only entity, in the long list of potential subsidy recipients, waiting for government support. https://lnkd.in/dDnkVhuY
Willie Walsh Remarks at the 2024 Changi Aviation Summit Singapore
iata.org
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Air Travel Is Stronger Than Ever - Why It's Stopping Airlines From Becoming Greener The report highlights the critical role of new technology fleets in advancing aviation's sustainability agenda, juxtaposed against the challenges of prolonged plane production and delivery delays.
Air Travel Is Stronger Than Ever - Why It's Stopping Airlines From Becoming Greener | cleanearth.io
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