Friday, March 8, 2024
During the Aviation Festival Asia 2024, an enlightening exclusive interaction with Torbjorn Karlsson, Senior Client Partner, Korn Ferry, shed light on the aviation industry’s trajectory towards sustainability and the inevitable integration of innovative aviation technologies. The conversation focused on the challenges and opportunities the airline industry faces in adopting sustainable aviation fuels (SAF) and the potential shift towards electric and hybrid aircraft, providing a comprehensive outlook on the future of aviation.
Sustainable Aviation Fuel: The Immediate Future
Torbjorn Karlsson, Senior Client Partner, Korn Ferry emphasized that sustainable aviation fuel (SAF) stands as the industry’s most viable solution for decarbonization in the short to medium term, without necessitating a complete overhaul of existing fleet equipment. This perspective aligns with the growing consensus within the aviation sector that SAF is the cornerstone upon which the industry can achieve its ambitious decarbonization targets. However, the journey towards widespread SAF adoption is not without its challenges.
Overcoming Challenges in SAF Adoption
One of the primary hurdles highlighted was the current refining capacity, which might struggle to meet the burgeoning demand from airlines. Initiatives in Asia, particularly in Singapore, are promising, but there’s a pressing need to scale up production and ensure it doesn’t adversely impact food supply chains. Beyond this, the significant challenge lies in reducing the costs associated with power-to-liquids and other methods of producing SAF, to make it economically viable for mass adoption.
Collaboration: Key to Decarbonization
A critical point of discussion was the current level of collaboration among airlines, fuel producers, governments, and other stakeholders in the aviation ecosystem. Torbjorn Karlsson, Senior Client Partner, Korn Ferry pointed out that more concerted efforts are necessary to drive the industry towards its sustainability goals. Investments in refinery innovations, technology R&D, and the development of supportive government policies are crucial steps that need collective action.
Electric and Hybrid Aircraft: The Long Road Ahead
While electric aviation presents an exciting frontier, Karlsson was clear in his assessment that it would not significantly impact the industry’s decarbonization efforts in the near term. However, electric and hybrid aircraft could play a crucial role in enhancing connectivity, particularly for short-haul and regional flights, potentially revitalizing the regional aviation market. The adaptation of airports to accommodate these new technologies, particularly in emerging markets, poses another set of challenges but also offers an opportunity for innovation.
The Passenger Perspective on Sustainability
On the topic of passenger awareness and interest in sustainability, Karlsson noted a varied landscape. While there is a growing consciousness about the environmental impact of flying, actual consumer behavior often lags behind expressed values, a trend not unique to aviation but observable across many sectors. However, as sustainability continues to gain prominence, it is expected that passengers will increasingly factor in the ecological footprint of their travel choices.
Concluding Thoughts
Torbjorn Karlsson, Senior Client Partner, Korn Ferry’s insights during the Aviation Festival Asia 2024 highlight a critical juncture for the aviation industry. As it stands on the cusp of transformative change, driven by the imperative of sustainability, the path forward requires innovation, collaboration, and a willingness to embrace new technologies. The journey towards a more sustainable aviation sector is complex and challenging, but with concerted effort and strategic vision, the industry is poised to navigate this transition successfully, ensuring a greener future for global aviation.
Sunday, April 28, 2024
Sunday, April 28, 2024
Sunday, April 28, 2024
