Willis Lease Finance Corporation reports strong third quarter pre-tax income of $34.5 million; pre-tax income 69% higher than third quarter of prior year period; Board of Directors declares recurring quarterly dividend of $0.25 per common share. $WLFC (+1,02 %)
Willis Lease Fin
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ISIN: US9706461053
Ticker: WLFC
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Memo0606@Memo0606
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Is sustainable aviation fuel (SAF) just hype?
or are the shares really sustainable?
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Air travel currently causes around two to three percent of global CO2 emissions. If non-CO2 emissions are added, its overall contribution to climate change is significantly higher - and is likely to increase further with the growing demand for air travel. The world needs a solution today to decarbonize the aviation industry.
The International Air Transport Association (IATA) has set itself the goal of achieving carbon-neutral growth from 2020 and net-zero emissions in aviation by 2050. To achieve this goal, IATA estimates that sustainable aviation fuel can deliver around 65% of the emissions reduction required to reach net zero. This has prompted many airlines and other aviation stakeholders to start using SAF and in many cases to set specific targets for the use of SAF. The uptake of SAF is also increasingly being driven by supportive policies such as mandates, as governments are now looking to take meaningful action on climate change.
https://www.neste.com/products-and-innovation/sustainable-aviation
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