Croatia Airlines warns of financial hit from green jet fuel
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Croatia Airlines has said it has begun preparations to commence negotiations with suppliers for the use of low-carbon sustainable aviation fuel (SAF), which EU lawmakers plan to make mandatory for carriers inside the bloc from 2024. Earlier this year, Croatia Airlines, along with almost twenty of its counterparts, argued that the European Union’s plans for stricter rules on CO2 emissions and the use of synthetic fuel blends, as well as the implementation of a kerosene tax, will make them uncompetitive. “SAF is already much more expensive than fossil jet fuel and expectations are there won’t be enough SAF on the market, nor will it be available at all airports. Therefore, major airlines are already finalising agreements with suppliers. Considering the obligation to use SAF from 2024, Croatia Airlines has also begun preparations for talks with potential suppliers. The phase out of free emission allowances for the aviation sector and the requirement to use SAF will represent an additional blow to airlines with costs to rise by the millions”, the Croatian carrier said.
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