Ryanair partners with Citi while Wizz joins the EU zero-emission alliance to give a ULCC perspective on hydrogen aircraft.
Europe’s leading low-cost carriers have engaged in some healthy competition over the past couple of years, trying to outdo each other in sustainability-related achievements.
Ryanair’s partnership with Amadeus
Just recently, Ryanair partnered with Amadeus to aid business travelers to reduce their carbon footprint, while Wizz was named sustainable airline of the year by CAPA. Not to mention the comprehensive net-zero strategy developed by EasyJet. The latest developments come courtesy of Wizz and Ryanair, who both made new sustainability-related statements on Wednesday.
Ryanair has partnered with Citi to become the 1st European airline to deposit funds in its new Sustainable Deposit Solution, which launched earlier this year.
This means that Ryanair can now invest excess money to support different sustainable financing projects across Citi’s portfolio. These include a range of places such as water conservation, and renewable energy, as well as healthcare and education in emerging markets. Citi has committed to financing and facilitating $1 trillion in sustainable finance by the next year 2023.
Sustainable aviation in Europe
“Ryanair is scornful to be leading sustainable aviation in Europe, which is further evidenced by our partnership with Citi to deposit funds in their new Sustainable Deposit Solution. This will not only aid us to manage our finances more sustainably but will further drive our sustainability plan as a whole as we help several sustainability projects across Citi’s portfolio, from water conservation to affordable housing and beyond.”
Meanwhile, Hungary’s Wizz Air has joined the European Commission’s Alliance For Zero-Emission Aviation (AZEA) & attended the 1st General Assembly of the Alliance hosted by EUROCONTROL on Monday, November 14. The 1st members of the AZEA were declared in September this year, and the list includes OEMs such as Airbus and Rolls-Royce, but also airlines such as EasyJet, startups including eVTOL maker Lilium, and hydrogen-electric powertrain developer ZeroAvia. Airports are represented by, among others, Torino Airport, the Dublin Airport Authority, and Swedavia.
The purpose of the alliance, in case the name did not give it away, is to further the progress of the zero-emission flight and prepare the aviation infrastructure for electric and hydrogen-powered aircraft in Europe. Wizz Air will especially share reports with other team members on the expected challenges and solutions for zero-emission aircraft operations from an ultra-low-cost carrier perspective.
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Johan Eidhagen, Chief People and ESG Officer of Wizz Air stated,
“We are pleased to have joined AZEA, and look forward to working with its members to collaborate on the ongoing research and development needed for hydrogen aircraft operations.
It is imperative that all stakeholders in the aviation ecosystem – from airlines and airports to regulators and fuel providers – coordinate to confirm the infrastructure is ready for the deployment of this technology on a large scale.
At Wizz Air, we stay ambitious in our sustainability plan & are committed to investing in cutting-edge technology, paving the way to more sustainable air travel. We are and will continue to be the greenest choice of flying.”
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