Singapore’s chance to become a global leader in sustainable aviation fuel
Growing global demand for such fuel can unlock thousands of high-quality jobs and give the Republic’s economy a multibillion-dollar boost
Add BT as a preferred source
ASIA’S aviation sector has experienced rapid growth in recent years, becoming one of the world’s largest markets. Even on modest forecasts, passenger numbers across Asia are set to double, with the International Air Transport Association forecasting more than four billion passengers in the Asia-Pacific by 2040.
In Singapore itself, passenger numbers are already returning to their non-stop growth trajectory. With this growth comes an opportunity for Singapore to demonstrate true regional leadership.
Singapore’s recent publication of its Sustainable Air Hub Blueprint, and its announcement of a sustainable aviation fuel levy, are a recognition of the importance of sustainability to Singapore’s aviation future.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
OCBC rolls out AI-native banking, to hire 600 relationship managers in wealth push
Three Holland Village shophouses sold for S$70 million to Tat Lee Bank’s Goh family unit
The billion-dollar question Singapore Airlines shareholders should ask during its AGM
