Major SAF Purchase: HSBC Hong Kong commits to a one-time purchase of 3,400 metric tonnes of SAF from EcoCeres, reducing lifecycle carbon emissions by 11,800 metric tonnes. Decarbonization Leadership: The partnership supports Hong Kong’s aspiration as a regional SAF hub, aligning with government policies and corporate net-zero ambitions. EcoCeres Innovation: SAF derived from waste-based biomass…
The global aviation industry could benefit from Donald Trump’s re-election if he can end the Russia-Ukraine war and break the airspace deadlock, but Hong Kong’s air cargo business is set to suffer with his increased tariffs against China, industry leaders and analysts have said. Subhas Menon, director general of the Association of Asia-Pacific Airlines (AAPA),…
HSBC has signed Hong Kong’s first deal for the corporate purchase of sustainable aviation fuel (SAF) to cut its travel-related carbon emissions, ahead of government policies aimed at driving the use of the fuel to help the city meet its climate goals. In a three-party agreement announced on Tuesday, the city’s largest bank agreed to…
Airbus has raised its forecast for the number of new aircraft Asia-Pacific and its major drivers China and India need over the next two decades to 19,500 planes, while announcing the company has exceeded 50 per cent market share for the backlog of widebody planes in the region for the first time. Anand Stanley, president…
More government pressure is needed for Hong Kong’s aviation sector to meet its climate goals, even as uptake of sustainable aviation fuel (SAF) has risen from a low base thanks to corporate support, according to Cathay Pacific. “Regulators have a key role to play for a level playing field, so that every [player] is doing…
Hong Kong has embarked on ambitious plans to build itself up as a centre for hi-tech and innovation in Asia. It has also been casting its net wider for diverse markets to partner with for trade and business owing to geopolitical tensions between China and the West. A new partnership between the city’s leading technology…
