Carbon Offsetting and Reduction Scheme for International Aviation

• ALEXANDRIA, Va., Aug. 8, 2023 /PRNewswire/ -- NATSO, representing America's travel plazas and truckstops, and SIGMA: America's Leading Fuel Marketers, urged the Internal Revenue Service (IRS) to uphold Congressional intent and subject sustainable aviation fuel (SAF) to the stringent lifecycle greenhouse gas emissions modeling requirements of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) as it implements the tax credits enacted under the Inflation Reduction Act (IRA).
• The following statement can be attributed to David Fialkov, Executive Vice President of Government Affairs for NATSO and SIGMA.
• "The CORSIA modeling requirements for SAF are a fundamental underpinning of the statutory scheme that Congress created for biofuels within the IRA.
• Inviting industry to disregard CORSIA would represent an affirmative decision by the Biden Administration to increase diesel emissions and increase fuel prices.

• Azzera Celeste is a digital platform that merges the Azzera team's unparalleled expertise and the latest digital technologies to create a catalyst for sustainable action.
• "Azzera Celeste is a one-stop-shop for total carbon emissions management," says Puja Mahajan, CEO and Co-Founder, Azzera.
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• Reflecting on the last year, we have seen a tremendous growth in the number of companies wanting to take sustainable action.

• The silver lining for Qantas has been that high demand for air travel has enabled it to charge higher airfares.
• It even managed to report a A$1.43 billion profit in the second half of 2022.

High demand, but not enough planes or staff

• First is the time and effort to return to service the aircraft stored during the pandemic, parked at regional inland airports and plane storage sites.
• Qantas put about 100 of its 126 planes into storage, retired six ageing Boeing 747s and deferred delivery of new Airbus A321neo and Boeing 787-9 planes.
• Never in the history of civil aviation have airlines had to store so many aircraft.
• And the pilots, flight attendants and mechanics that are being re-employed all require refresher training before being cleared to work.

Competing for customers

• Competition for customers will be a relatively minor concern as Qantas struggles to catch up to demand.
• But this won’t last as airlines rebuild fleet capability, and current high prices for air travel decline.
• In the US market, for instance, airfares returned to their pre-pandemic levels (in inflation-adjusted terms) at the end of 2022.

New challenges for an ageing fleet

• This will be harder for Qantas than competitors, due to airline’s extensive network of medium and long-haul flights (which use more fuel) and ageing, less fuel-efficient fleet.
• The average age of the Qantas fleet is just over 15 years, more than double that of rivals such as Singapore Airlines.

• 1 05 and 06 are optical remote sensing satellites equipped with an optical camera and satellite platforms that have achieved technological breakthroughs including miniaturization, high-speed data transmission, and zero-momentum control.
• The Group has so far launched 7 satellites under the "Golden Bauhinia Constellation" project, all of which are in orbit and operating normally.
• At present, the satellite remote sensing data collected by the "Golden Bauhinia Constellation" project has been applied in many projects in different cities.
• With the completion of the first phase of the "Golden Bauhinia Constellation" Starlink in 2023, the commercial application of the project's satellite data will become increasingly mature.