Air New Zealand Drops 2030 Carbon Emission Goal Due to Obstacles in Fleet Renewal
Air New Zealand has scrapped its target to reduce carbon emissions by 2030 compared to 2019 levels, citing challenges in obtaining newer, more fuel-efficient aircraft and alternative jet fuels. The airline's CEO said potential delays in its fleet renewal plan pose a risk to achieving the 2030 target, as they may need to operate existing planes for longer. Factors like global supply chain issues could slow the introduction of newer aircraft with lower emissions.
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00:00It's Benzinga, and here's what's on the block.
00:03Air New Zealand has scrapped its target to reduce carbon emissions by 2030 compared to
00:072019 levels, citing challenges in obtaining newer, more fuel-efficient aircraft and alternative
00:12jet fuels.
00:13The airline's CEO said potential delays in its fleet renewal plan pose a risk to achieving
00:18the 2030 target, as they may need to operate existing planes for longer.
00:23Factors like global supply chain issues could slow the introduction of newer aircraft with
00:27lower emissions.
00:28For all things money, visit Benzinga.com.