The global aviation sector reached a major milestone in climate action in November 2023 when Virgin Atlantic’s Boeing 787 aircraft successfully completed a flight from London to New York entirely on 100% sustainable aviation fuel (SAF). Powered by Rolls Royce Trent 1000 engines, the aircraft used 60 tonnes of SAF for testing and the flight, proving that sustainable fuels could be just the answer to the sector’s dilemma due to rising emissions.
The aviation sector accounted for 2% of the global carbon emissions in 2022, according to the International Energy Agency. While this figure may not look big, the imminent rise in greenhouse gas emissions in tandem with the projected increase in air travel in the coming years is worrisome. Already, the sector has surpassed other modes of transport, be it by rail, road or shipping, in terms of growth in recent decades. Globally, the demand for air travel is expected to double by 2040, according to International Air Transport Association(IATA).
India stands third in the domestic aviation market in the world and is expected to overtake the UK to become the third-largest air passenger market in 2024, according to India Brand Equity Foundation. Its aviation market is expected to grow from an estimated $13.54 billion in 2024 to $23.24 billion in 2029 at a compound annual growth rate of 11.41%, according to Mordor Intelligence.
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Denne historien er fra February 2024-utgaven av Outlook Business.
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Adani After Hindenburg 2.0
In the days following Hindenburg's second shot at Gautam Adani, this time with Sebi chief Madhabi Puri Buch in the mix, Adani stocks held steady. But the trust of institutional investors remains to be regained
Where Are The Jobs?
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'STAINLESS STEEL SECTOR PROJECTED TO GROW AT 8-9%"
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Harnessing Technology for India's Sporting Future: Insights from IITM
We wanted to bring the rigour of IIT Madras to revolutionise the field of sports as well. We wanted to use the core strengths of IIT Madras - high quality research and development as well as teaching.
Dream11: Driving Fan Engagement and Innovation
Dream11, founded by sports enthusiasts Harsh Jain and Bhavit Sheth, has grown into the world's largest fantasy sports platform by focusing on personalisation, innovation, and a deep understanding of user needs. In an exclusive interview with Outlook Business, Rahul Mirchandani, Chief Product Officer at Dream11 & Dream Sports, speaks about the company's unique approach to product development and user engagement. With over 220 million users, Dream11 emphasises personalisation, user engagement, and cutting-edge technology.
Sports Science Holds The Key to Olympic Wins
Director-in-charge and Head of National Centre for Sports Science and Research (NCSSR) Dr. Bibhu Kalyan Nayak speaks to Outlook on the importance of sports science in modern-day sports training.
Baller Athletik: Pioneering the Future of Sportswear Technology
How Baller Athletik is enhancing athletic performance and recovery with simple, yet powerful wearable tech.
Integrating Technology and Hands-on Training: The Future of Sports Education in India
The first-ever Sports Tech Conclave in India highlighted the importance of combining e-learning with practical experience to shape the future of sports education.
PASSING ON THE LEGACY
It is hard to achieve worklife balance if you are running a family business. For George Alexander Muthoot, managing director of Muthoot Finance, board meetings are the way to spend time with family
Pioneering a Sports Revolution: A Deep Dive into SFA's Vision and Impact on Indian Youth
In an exclusive conversation, the founders of Sports For All (SFA) share their journey of transforming grassroots sports in India. Rishikesh Joshi, a national-level swimmer, and his co-founder Vishwas Choksi, driven by their shared passion for sports, launched SFA with the vision of making sports accessible and enjoyable for every child in the country. From leveraging cutting-edge technology to ensuring inclusivity, SFA is not just nurturing future champions but also revolutionizing the sports landscape in India. This discussion delves into their inspiration, the rapid growth of SFA, and their ambitious goals for the future, shedding light on how they are shaping the next generation of Indian athletes.
