Avianca Cargo Earns ESG Award for Sustainability Excellence for Second Year in a Row
Avianca Cargo has been awarded the ESG & Sustainability Award at the Aviation Achievement Awards 2025, held on February 26 in Dubai, UAE. The award recognizes Avianca Cargo for its ongoing dedication to sustainability and reducing its environmental impact, as well as its contributions to social and corporate governance. The Aviation Achievement Awards celebrate organizations […]
ICAO establishes global platform to secure financing for aviation sustainability projects
The International Civil Aviation Organization (ICAO) is pursuing its work toward the establishment of a global platform that will directly connect aviation sustainability projects with investors worldwide. Support for its creation was formalized today through a Letter of Intent signed at ICAO’s Global Implementation Support Symposium by ICAO Secretary General Juan Carlos Salazar, alongside representatives […]
LATAM Airlines Group closes a record-setting year with adjusted EBITDAR exceeding US$3.1 billion and net income of US$977 million, alongside strong capacity growth of 15.1%
LATAM Airlines Group ended the year 2024 with a positive operational and financial performance, reporting net income of US$977 million, almost double that of the previous year. Furthermore, LATAM group transported a record 82 million passengers and increased its consolidated capacity by 15.1% in 2024 compared to 2023, in line with the updated guidance published […]
LATAM Airlines Group is the first airline in South America to launch a Sustainability-Linked Loan
LATAM Airlines Group signed the first «Sustainability-Linked Loan» in its history for a total of US$300 million, thus becoming the only airline in South America to have carried out a financial operation of this kind so far. The agreement signed with Credit Agricole Corporate & Investment Banking and BNP Paribas corresponds to a revolving credit […]
Payment challenges, trends, and sustainability initiatives in air travel
The airline industry is undergoing a significant transformation as it adapts to the evolving needs of passengers. The COVID-19 pandemic has underscored the vital importance of the freedom to fly, reminding us of how integral air travel is to our lives. People travel for a multitude of reasons beyond mere transportation: to visit family and […]
Brazil may lead production of sustainable aviation fuel, experts say
Amid global efforts to decarbonize the aviation sector, experts and business leaders believe Brazil has the potential to lead the market and establish itself as a key international hub for sustainable aviation fuel (SAF) production. This assessment was discussed at the Brazil Climate Summit 2024 on Wednesday (18) in New York, during deliberations on Brazil’s […]
Iberia’s Route Between Miami and Madrid Generates 4,000 Jobs and Contributes around €171M to the GDP of Both Countries
The aviation sector, in addition to making it possible for people to connect with the rest of the world, also offers an important contribution to the creation of jobs and wealth in different countries. In the case of Iberia, according to a study by the consulting firm Transcendent, the airline’s route that connects Miami with […]
Boeing 2024 Sustainability & Social Impact Report Shows Steady Progress for People and Planet
Boeing [NYSE: BA] today released its 2024 Sustainability & Social Impact Report, outlining our progress in support of our people, our environment, and our communities. «We’re honored to share the steady progress we’ve made on sustainability, which will always be anchored in safety and quality,» said Boeing Chief Sustainability Officer Brian Moran. «As we recommit to these fundamental […]
Avianca Cargo steps up sustainability
Colombia-headquartered freight carrier Avianca Cargo has stopped using conventional plastics in its pallet covers, instead turning to biodegradable plastics. The biodegradable plastic now being used is produced by BioNatur Plastics. It is manufactured with a 1% load of an organic, food-safe proprietary additive that allows anaerobic bacteria to digest the plastic within a landfill site. […]
Southwest Airlines launches sustainability investment platform and takes stake in LanzaJet
Southwest Airlines, the world’s fourth-largest carrier, has launched Southwest Airlines Renewable Ventures (SARV), a dedicated platform to invest in sustainable aviation fuel technologies. The Texas-based airline has also announced a $30 million stake in US-based SAF producer LanzaJet, with which it will collaborate to develop a new SAF production plant, largely to support Southwest’s needs. […]
