Swedavia matches 2023 funding of SAF incentive program for 2024
In 2024, Swedavia’s investment in sustainable aviation will continue through the sustainable aviation fuel (SAF) incentive program, Swedavia announced March 15.
Through the program, Swedavia offers discounts and reimburses airlines up to 50 percent of the premium cost for refueling with environmentally friendly renewable aviation fuel.
The year 2024 marks the fifth year in a row that Swedavia has offered the incentive program.
This year, the program will be run with a pot of 40 million Swedish krona (USD$3.86 million) for the second year in a row, which is double compared to 2022.
Including this year, a total of more than 100 million Swedish krona (USD$9.65 million) will have been invested and paid out within the incentive program since it was started in 2020.
Several airlines and the transport and logistics company DHL signed agreements with Swedavia to participate in the incentive program for sustainable aviation for 2023.
Through the program, Swedavia offers airlines and other industry players a discount of up to 50 percent of the premium cost when they choose to refuel with SAF.
The first application period for this year’s program opened in January and enables additional industry players to participate.
The total amount to be distributed within the incentive program in 2024 is 40 million Swedish krona over three application periods, where market share is the deciding factor in the first stage.
“Various aviation actors are helping to accelerate the transition work,” said Charlotte Ljunggren, director of marketing and commercial development at Swedavia. “We can see this not least through increased interest in the SAF incentive program, where Swedavia offers discounts to airlines that choose to refuel with renewable aviation fuel. At Swedavia, we are also seeing an increased ambition among our partners as the industry continues to reset and invest in new initiatives in the wake of the pandemic. The ongoing recovery in air travel is taking place in parallel with the continued ambitious transition work, and Swedavia is raising its level of ambition further by doubling the pot in the program for the second year in a row. Reducing dependence on fossil fuels is an important part of the transition, and the incentive program is an important piece of the puzzle.”
Swedavia’s aim is for air travel of the future to be sustainable, and the company became completely fossil free in its own operations in 2020.
Fossil-free 100 percent renewable diesel is now being used at its airports.
In order to provide an incentive that will help airlines in their own transition efforts, Swedavia has offered the SAF incentive discount program since 2020 to promote sustainable refueling.
By purchasing SAF through the incentive program, airlines and other aviation operators can reduce their climate footprint and contribute to the much-needed climate transition in the aviation industry.
Swedavia said it wants to see large-scale production in Sweden of fossil-free fuel in the future, which would also lead to more jobs being created.
