Jet2.com urges govt to invest in UK’s SAF industry

British low-cost airline Jet2.com and Jet2holidays hosted an event at the Labour Party Conference in Liverpool calling on the incumbent government to utilise the National Wealth Fund to invest in a sustainable aviation fuel (SAF) industry.

Jet2.com and Jet2holidays CEO Steve Heapy made these recommendations in a manifesto presented during the conference with the goal to support the development of SAF industry.

The airline also suggested introducing an interim revenue certainty mechanism that increases private investment and keeps costs down for working people as SAF usage picks up in airlines.

“Jet2 is leading the way with our multi-million-pound investment into UK SAF production and by using SAF ahead of the mandate, but we cannot do this alone. The net zero transition will reshape the global economy through the emergence of new clean technologies, so we must ensure that the UK is at the heart of this green industrial revolution,” said Steve Heapy, CEO, Jet2.com and Jet2holidays.

“The potential reward from seizing the opportunity to build a new clean industry and drive regional growth is huge, with a future UK SAF industry providing 20,000 jobs and £3bn in economic activity by 2035, with most clusters in industrial heartlands. The new government has made positive noises about SAF, and we urge them to seize this huge opportunity right now, as by doing so they can drive economic growth right across the UK.”

Jet2holidays is the country’s largest tour operator while Jet2.com is the third largest airline.