VistaJet announces agreement with AEG Fuels

VistaJet, the first and only global business aviation company, continues to push forward with its plan for more sustainable aviation solutions and announces an agreement with AEG Fuels to purchase Sustainable Aviation Fuel (SAF) produced by OMV at Vienna International Airport. Leading the industry by integrating a series of environmental initiatives throughout its operations, the agreement accelerates VistaJet's journey to carbon neutrality by 2025.

VistaJet’s commitment to replace over 200,000 USG of conventional jet fuel consumption with a blended SAF is expected to generate over 165,000 kg of CO2 reduction — an 80% emissions improvement over the lifecycle of the fuel compared to conventional jet fuel. This SAF is produced in compliance with the EU Renewable Energy Directive (EU RED).

Founded in 2004, VistaJet revolutionized business aviation from its inception, providing access to a global fleet without the need to own an aircraft. This new way to fly means fewer aircraft produced, and also reduced repositioning flights, as the fleet is managed on a floating model instead of the wasteful hub-and-spoke system.

Private aviation has seen unprecedented growth since the pandemic, as travel continues to be a necessity for companies to ensure business continuity and point-to-point connections on fuel-efficient smaller aircraft. VistaJet is simultaneously making every effort to reduce the industry’s impact on the environment.

Proving its commitment to change, in April 2021 VistaJet pledged to be fully carbon neutral across its entire business by 2025. Urging the aviation industry to step up and do its part to combat climate change, VistaJet’s commitment is also aimed at pushing the sector to go further than the current goal of net-zero carbon emissions by 2050 set by the civil aviation industry bodies and IATA. Only a multi-party contribution can reduce impact in scale and bring about an industry-wide transformation to drive systemic transformation.

“Together as an industry we can reshape the way we conduct business. At VistaJet, we are very proud of the progress we have made and we hope that others will adopt our recommendations. Businesses are rightfully being held accountable for their environmental impact and our agreement with AEG Fuels not only helps in reducing GHG emissions, but goes hand in hand with our ongoing efforts to practice higher sustainability to protect the local communities in the countries we operate, spanning 96% of the world.”

THOMAS FLOHR, FOUNDER AND CHAIRMAN, VISTAJET

To capture the progress the company has made with its market-leading environmental sustainability initiatives, VistaJet also published A 2022 Action Handbook for Change in Business Aviation, developed in collaboration with climate solutions provider and carbon project developer South Pole. The whitepaper examines in detail how the aviation sector should respond to the climate crisis and identifies real solutions, including the most effective ways for business aviation companies to minimize the industry’s carbon footprint.

While offsets and SAF are the main options currently available to reduce carbon footprint, VistaJet continues to actively seek and invest in new developments to help push beyond the current limitations, looking at new technology and innovations to further reduce GHG footprint in line with the latest available science. Following years of research, innovative technology exploration and working with clients, the industry and regulatory bodies, VistaJet already has:

“Business and corporate jet operators are going to be key stakeholders in aviation’s decarbonization plans as we work to achieve net-zero. We’re very excited to support VistaJet’s efforts to push our industry forward and provide a framework for future SAF agreements. Their individual efforts are supporting critical investments in sustainable solutions for producers and consumers in the space.”

STEPHEN J. LEONARD, VICE PRESIDENT OF GLOBAL SUPPLY, AEG FUELS

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