Cathay Pacific and Singapore Airlines (SIA) have signed a Memorandum of Understanding (MoU) to collaborate on various sustainability initiatives.
This partnership aims to promote the use of sustainable aviation fuel (SAF) and share best practices to enhance sustainability in the airline industry.
The MoU was signed on June 5, 2024, by Cathay Group CEO Ronald Lam and Singapore Airlines CEO Goh Choon Phong in Dubai during the 80th International Air Transport Association (IATA) Annual General Meeting and World Air Transport Summit.
“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,” Ronald Lam, Chief Executive Officer, Cathay Group, said.
“Our partnership with Cathay signifies our mutual ambition to enhance collaboration in sustainability initiatives in the Asia-Pacific region,” Goh Choon Phong, CEO of Singapore Airlines, added. “Together, we are helping to set the foundation for a more sustainable aviation industry.”
Cathay Pacific and SIA will work together to advocate for the increased use of SAF in the Asia-Pacific region. Their efforts will include:
- Raising public awareness about the importance of SAF in reducing aviation emissions.
- Pushing for supportive policies in the region.
- Promoting the establishment of a global framework for accounting and reporting emissions reductions.
- Exploring opportunities for joint procurement of SAF to boost its production and adoption.
The airlines will also share best practices to reduce single-use plastics, minimize waste, and improve energy efficiency in ground and cargo operations. This collaboration aims to improve both airlines’ sustainability performance and expedite the implementation of sustainable solutions.
The agreement emphasizes both airlines’ commitment to achieving net zero carbon emissions by 2050.
