Lufthansa Group and Tata Communications Forge Sustainability Partnership
Tata Communications, a global digital ecosystem enabler, has joined Lufthansa Group‘s Corporate SAF program with a bulk purchase of SAF for its corporate travel needs. The SAF agreement is the first of its kind by a corporate customer in India and Tata Communications has further communicated its interest of investing in SAF on a yearly […]
Winner of the IATA and AWS Diversity & Inclusion Datathon Announced
The International Air Transport Association (IATA) and Amazon Web Services (AWS) announced that SMBC Aviation Capital is the winner of the first IATA and AWS Diversity & Inclusion Datathon. The Winner The SMBC Aviation Capital solution demonstrated a positive correlation between gender balance on airline senior management teams and Environmental, Social and Governance (ESG) scores […]
Boeing Forecasts Demand for 42,600 New Commercial Jets Over Next 20 Years
With a resurgence in international traffic and domestic air travel back to pre-pandemic levels, Boeing [NYSE: BA] today projected global demand for 42,595 new commercial jets by 2042, valued at $8 trillion. Boeing released its 2023 Commercial Market Outlook (CMO), the company’s forecast of 20-year demand for commercial airplanes and services, in advance of the […]
SkyTeam’s Sustainable Flight Challenge 2023 takes off, charting path to cleaner skies
After months of innovating and ideating, the wait is over. Between 15 – 28 May 2023, 22 global airlines will take to the skies as part of SkyTeam’s second Sustainable Flight Challenge – a shared mission to discover new solutions to help make air travel greener. For a second consecutive year, the global airline alliance […]
Air Travel Growth Continues in March
The International Air Transport Association (IATA) announced strong demand growth in air travel for March 2023. Total traffic in March 2023 (measured in revenue passenger kilometers or RPKs) rose 52.4% compared to March 2022. Globally, traffic is now at 88.0% of March 2019 levels. Domestic traffic for March rose 34.1% compared to the year-ago period. Total March […]
United Announces $15 Million Investment in Carbon Capture Company Svante
United announced its $15 million investment in carbon capture technology company Svante, who provides materials and technology as part of the value chain that has the potential to convert CO2 removed from the atmosphere and from industrial emission sources into sustainable aviation fuel (SAF). This is the latest announced investment from the new UAV Sustainable […]
Sustainable Aviation Is Key To Meeting Demand
Continued and growing demand for commercial air travel is the key driver of the aviation sustainability discussion and the COVID-19 crisis only emphasized the importance of ensuring that demand can be addressed sustainably. In a panel discussion on sustainable aviation at the Routes Americas 2023 conference, an aircraft manufacturer, airport manager and a specialist in […]
JetBlue Partners With CHOOOSE, Giving Customers the Tools to Help Scale the Sustainability of Air Travel
JetBlue (NASDAQ: JBLU) announces a partnership with climate tech company CHOOOSE as part of its ongoing focus on sustainability and advancing the use of Sustainable Aviation Fuel (SAF). By visiting https://jetblue.chooose.today, JetBlue customers will now be able to join JetBlue in championing SAF adoption through a dedicated climate platform powered by CHOOOSE. The platform enables […]
United Rallies Businesses and Consumers with New, First-of-its-Kind $100+ Million Sustainable Flight Fund
In an effort to rally businesses and consumers, United today launched the United Airlines Ventures Sustainable Flight Fund SM, a first-of-its-kind investment vehicle designed to support start-ups focused on decarbonizing air travel by accelerating the research, production and technologies associated with sustainable aviation fuel (SAF). The fund starts with more than $100 million in investments […]
IATA-McKinsey Study Shows Imbalanced Aviation Value Chain
The International Air Transport Association (IATA) and McKinsey & Company published a study of profitability trends across the aviation value chain showing that profitability varies widely by sector. The study also shows that in aggregate, airlines underperform on the financial return that an investor would normally expect. While there is no clear path to rapidly […]
