During a weekend dominated by aviation industry news, we'd like to introduce another noteworthy development, shifting our focus away from manufacturing and transportation and back to the operational aspect of flying. As previously discussed, Sustainable Aviation Fuel (SAF) has been a recurring topic. SAF is an eco-friendly fuel blended with traditional jet fuel, aiming to power aircraft with zero net fuel emissions.
Southwest Airlines has recently entered into a 20-year agreement with USA Bio Energy, scheduled to commence in 2028. This partnership anticipates the procurement of up to 680 million gallons of SAF, with the potential for an additional 180 million gallons. What's especially intriguing is that this SAF will be derived from forest thinning, emphasising its eco-friendly sourcing.
Of paramount importance is the endorsement from the International Air Transport Association (IATA), a global organisation comprising 300 airlines and 400 strategic partners. IATA suggests that SAF could contribute significantly, up to 65%, towards the aviation industry's emission reduction targets for achieving net-zero emissions by 2050. However, IATA also underscores the imperative need for expanding production facilities and implementing policies and mandates to accelerate SAF adoption, ensuring the long-term decarbonisation of the industry.
For more in-depth information regarding the Southwest deal, we encourage you to explore the following link.
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