Wizz Air bets on SAF to achieve net zero targets

Hungarian low-cost airline Wizz Air announced its comprehensive net-zero roadmap – Flying Towards Net-Zero eyeing nearly 53% emissions reductions from increased usage of sustainable aviation fuel (SAF).

“SAF is the cornerstone of Wizz Air’s net-zero roadmap and is the biggest lever for decarbonisation. The airline has invested in the production of SAF, putting equity into new technology pathways and securing offtake agreements,” the company said in a statement.

“Yet, SAF production today is limited, and prices are uncompetitive for a low-cost business model. Governments must take action to scale SAF production by ensuring a long-term policy framework, such as the Sustainable Transport Investment Plan, that drives SAF adoption and by introducing incentives that close the price gap between SAF and conventional jet fuel.”

Beyond SAF, Wizz air is also eyeing to achieve 21% decarbonisation through technological advancements in aircraft and engine technology, 7% decarbonisation through fleet renewal with remainder 6% through air traffic reform and operational efficiencies.

“Wizz Air supports an ambitious vision for net-zero, but the truth is that the current pace of change is not enough, and without radical intervention, aviation will fail to meet its commitments,” said Yvonne Moynihan, Wizz Air corporate and ESG officer.

 “Achieving a net-zero roadmap is fraught with uncertainties. The most significant challenges extend beyond scientific issues and encompass policy decisions, investment strategies, market dynamics, and the timely implementation of essential measures. Scientific advancements also encounter obstacles related to cost, infrastructure, and regulatory approval.”

Wizz Air, has already signed a 15-year SAF offtake agreement and announced investment in Firefly. The agreement, signed in 2023, carries a value of around $1bn.