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AeroStrategy Estimates CO2 Emissions To Grow At 4% Per Year

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: 30 June, 2008  (Company News)
Aerospace consultancy AeroStrategy recently participated in a panel discussion of "Emission Trading and Carbon Offsets’ at Air Transport World’s conference, "Eco-Aviation - Making it Work for the Aviation Industry and Planet’ on June 20, 2008.
Key messages from AeroStrategy’s presentation included:

· Air Transport accounts for 75% of aviation’s 160 million turbine engine hours.

· Air Transport fuel consumption is around 156 Tg [51 Billion gallons]. Old and mature aircraft account for nearly 60 percent of this.

· Air Transport emits around 500 million tons of CO2 per annum.

· Given current fleet performance and traffic growth projections, fuel consumption will grow at four percent on an annual basis.

· Next-generation aircraft will account for 15 percent of fuel consumption by 2017; therefore the greatest gains to fuel efficiency in the short- to medium-term lie in initiatives to improve fuel efficiency of the existing fleet.

· Given the current fuel price, fuel has become 35% of an airline’s operating cost structure – hence the economic imperative to improve fuel efficiency.

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