Air France-KLM in major deal with TotalEnergies for sustainable fuel [Yahoo! Finance]
AIR FRANCE-KLM ADS (AFLYY)
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Source: Yahoo! Finance
The agreement will help accelerate the decarbonization process in Europe beyond regulatory obligations, over a 10-year period until 2035, the airline said on Monday. It is one the largest sustainable aviation fuel purchase contracts signed by Air France-KLM to date. Earlier in 2022, the companies signed a memorandum of understanding for the supply of 800,000 tons of sustainable aviation fuel. By 2030, Air France-KLM aims to reduce its CO2 emissions per passenger/km by 30% compared with 2019 levels, through a combination of fleet renewal, operational measures such as eco-piloting, and the incorporation of at least 10% of more sustainable aviation fuel on all its flights. Air France-KLM said sustainable aviation fuel allows for a reduction in CO2 emissions of at least 75% and up to 90% over the entire fuel life cycle, compared with fossil fuel equivalents. Recommended Stories
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