Indian airlines are in a bind following the government’s ambitious roadmap to achieve sustainability goals, two people aware of the matter said.
“On the one hand, there seems to be an upcoming mandate of 1% blending of sustainable aviation fuel from 2025, and on the other, the airlines have been proposed to participate in a green fuel joint venture. It looks to be too ambitious, and some timelines may have to be postponed," one of the persons said requesting anonymity.
The civil aviation ministry recently proposed that Indian airlines participate in a joint venture to produce green fuel. The ministry has asked the carriers whether they would be willing to hold a 25% stake in the joint venture.
“The idea is to have the stakeholders on one platform and have mutual interest in this crucial matter," the second person said, adding that Air India and IndiGo were asked to consider taking up to 5% stake, each, in this joint venture, which will be 50% owned by state-run refiner Indian Oil Corp. and 25% by US green fuel company LanzaJet.
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