Sustainability- it’s the latest buzzword around the world and more so in aviation. With the rollout of CORSIA(Carbon Offsetting and Reduction Scheme for International Aviation), we now have a new yardstick with respect to sustainability in aviation. The SARP(s)(Standards and Recommended Practices) mentioned under CORSIA is potentially risky for aircraft lessors and financiers. Several hundreds of aircraft operators will soon be forced to comply with the aforementioned scheme. Those operators which have more than 10,000 metric tons of CO2 will have to record and report emissions data on a yearly basis. Operators were also made to submit an emissions monitoring plan. The reported data will then be used to calculate the compliance requirements in the upcoming years. This makes things incredibly tricky for operators, who need to be well into their planning with respect to emission monitoring plans CORSIA consequently creates a number of credit and reputational risks for airlines and con
My humble opinion on all things aviation!