Cathay and Singapore Airlines have signed a MoU to collaborate on sustainability initiatives, advocating for sustainable aviation fuel development and sharing best practices for improved performance in the Asia-Pacific region. The focus was to achieve net zero carbon emissions by 2050, highlighting their commitment to sustainability in the airline industry.
Cathay and SIA will promote the use of Sustainable Aviation Fuel (SAF) raising public awareness, advocating for policies, and promoting a global accounting framework for emission reductions while exploring joint procurement opportunities. They will exchange best practices to reduce single-use plastics, minimise waste, and improve energy efficiency in ground and cargo operations.
Mr. Ronald Lam, Chief Executive Officer, of Cathay Group, said: “As part of our collaborative ethos of ‘Greener Together’, we actively seek like-minded industry leaders for strategic partnerships in transitioning to sustainable aviation. Our collaboration with Singapore Airlines aims to accelerate and support the development of the SAF supply chain in the region, fostering a reliable SAF ecosystem to enable the industry to achieve its long-term decarbonisation goals. Cathay was one of the first airlines in Asia to set a target of 10% SAF for its total fuel consumption by 2030, and we are undertaking a multi-pronged approach to contribute to the aviation industry’s transition towards a greener future.”
Mr. Goh Choon Phong, Chief Executive Officer of Singapore Airlines, said: “Singapore Airlines is committed to embedding sustainability in all aspects of our operations. At the same time, we recognise that we cannot achieve our targets alone. Our partnership with Cathay signifies our mutual ambition to enhance collaboration in sustainability initiatives in the Asia-Pacific region. Together we are helping to set the foundation for a more sustainable aviation industry and ensure that future generations continue to reap the benefits of air travel.”