Future transitions to entirely sustainable airline fuel are beginning to generate some skepticism.
Reuters.com reports that the leaders of the two largest aircraft leasing companies in the world stated that it was impossible to accomplish without a substantial government investment.
According to banking and aviation stakeholders, including lessors, taxpayer funds will be required to process the organic material's refuse and produce sustainable fuel.
Governments will have to spend extraordinary amounts of taxpayer money to enable airlines to burn sustainable aviation fuel (SAF)," Aengus Kelly, CEO of the leading lessor in the world, AerCap, stated at the Airline Economics conference.
Obviously, this could alter in the future, but sustainable fuel is currently considerably more expensive than conventional airline fuel.
Capital development expenditures ranging from $1.45 trillion to $3.2 trillion are estimated by the industry to be necessary to increase SAF's fuel market share to the level required to achieve net zero emissions by 2050.
According to Andy Cronin, CEO of the leasing firm Avolon, substantial policy and state intervention is probable in order to address SAF.
However, airlines have publicly committed to transitioning to sustainable fuels, and they will not be absolved of this duty.
Some Airplane Companies Doubt Green Fuel Viability
Firoz Tarapore, CEO of Dubai Aerospace Enterprise, remarked, "Many individuals desired to join the trend, but are now realizing that it is a considerably more intricate and nuanced matter."