JetNet CEO Greg Fell Issues a Call to Arms on Sustainability

CEO urges industry stakeholders to do all they can to improve sustainable offerings for the industry or risk disruption.

Michael Wildes

Friday, September 16, 2022 at 07:53 AM ET

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At the 11th JetNet iQ Summit focused on sustainability, CEO Greg Fell issues a call to arms. His sentiments are shared across the industry as others look to improve the production of sustainable aviation fuel (SAF) and find other innovations to reach net-zero carbon emissions by 2050. [Courtesy: JetNet]

Key Takeaways:

Business aviation leaders are strongly urging the industry to proactively adopt sustainable aviation fuels (SAF) and carbon offsets to avoid disruption, emphasizing growing sustainability demands from younger executives.
The broader aviation industry is increasingly focused on sustainability, developing solutions through technological advancements, improved aerodynamics, and alternative fuels like hydrogen and biofuels.
The Inflation-Reduction Act provides crucial support with a $1.25 per gallon tax credit for SAF, recognizing it as the most critical component (up to 65%) for the industry to achieve net-zero carbon emissions by 2050, despite its current low usage.

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As the JetNet iQ Business Aviation Summit got underway this week in New York City, the company’s CEO, Greg Fell, seized an opportunity to urge the industry to do all it can to ensure a more sustainable future. “We must be leaders in adopting sustainable aviation fuels and carbon offsets,” Fell said during one of the event’s sessions, appropriately titled “Sustainability: Getting to Our Bluer Skies,” and in a statement shared with FLYING.

In its 11th year, the JetNet iQ summit brings together the business and thought leadership of the business aviation industry. JetNet is a leading provider of aviation market information and delivers business aircraft research to clients worldwide.