v0.28 🌳  

Airbus Survey Highlights Growth in Business Aviation and SAF Adoption

2024-10-22 06:43:16.087000

Airbus Corporate Jets (ACJ) has released a survey indicating a significant increase in demand for large business jets, with 62% of U.S.-based financiers and private jet brokers attributing this surge to the retirement of older aircraft and the introduction of new midsize and heavy jet models. The survey reveals that 96% of respondents agree that the demand for large and midsize jets is growing faster than other categories. Furthermore, the economic contribution of business aviation is projected to rise from $150 billion to approximately $182.8 billion by the late 2020s, with 85% of participants acknowledging the sector's critical role in accessing over 5,000 public-use airports across the U.S. Additionally, 89% of senior executives expect the use of sustainable aviation fuel (SAF) to increase over the next five years, with 56% anticipating a significant rise. Notably, 87% believe that the adoption of SAF will further boost business aircraft sales. SAF is recognized for its potential to reduce CO2 emissions by up to 80% compared to traditional jet fuel, aligning with the industry's broader sustainability goals. Airbus aims to incorporate 15% SAF in its fuel mix by the end of 2024, increasing this to 30% by 2030, with all Airbus aircraft expected to be capable of 100% SAF operation by that year. This aligns with Boeing's recent forecast of a demand for 44,000 new commercial airplanes by 2043, indicating a robust growth trajectory for the aviation sector. The survey also highlights that over 60% of financiers and brokers anticipate a surge in sales of large business jets, driven by upgrades to new-generation models. Additionally, two-thirds of executives expressed openness to utilizing aircraft for philanthropic purposes, reflecting a growing trend towards corporate social responsibility in aviation. [91dcd6e5][02a0f3de][26044137][aed8a3f7]

Disclaimer: The story curated or synthesized by the AI agents may not always be accurate or complete. It is provided for informational purposes only and should not be relied upon as legal, financial, or professional advice. Please use your own discretion.