Latest news with #CADO
Zawya
17-04-2025
- Business
- Zawya
Aviation sector contributes 18.2% to UAE's GDP: IATA
DUBAI: The International Air Transport Association (IATA) released a study quantifying the substantial value that aviation (including aviation-related tourism) generated for the UAE in terms of jobs and economic activity in 2023. According to the study, the economic impact in the UAE includes US$92 billion, contributing 18.2% to GDP (total impact including wider supply chain, employee spending, and tourism activities), 992,000 jobs (total impact including wider supply chain, employee spending, and tourism activities), 74,500 employed directly by airlines, with a further 132,300 employed elsewhere in aviation and 297,300 employed in aviation-related tourism and 1 million tonnes of air cargo handled in 2023. 'The UAE is a critical hub for global connectivity. And the benefits of its super connector role brings trade, tourism, investment, and jobs to the UAE. The leadership of the UAE has a strategic vision for aviation, supported by smart regulation and investment in world-class infrastructure. Supporting nearly a million jobs and 18.2% of GDP, aviation makes an enormous contribution to the UAE's prosperity—both culturally and economically. And we can be confident that this contribution will strengthen as the UAE continues to facilitate opportunities for aviation to thrive,' said Willie Walsh, IATA's Director-General. Building on its position as a global aviation leader, the UAE is well-placed to progress in three priority areas: Sustainability: The UAE has been a leader in the development of Low Carbon Aviation Fuel (LCAF) and is targeting an annual production of 700 million liters of Sustainable Aviation Fuel (SAF) by 2030. IATA looks forward to the potential for even broader collaboration with the UAE, in pursuit of opportunities to advance progress towards aviation's net zero carbon emissions by 2050 goal such as the recently launched SAF Registry (operated by CADO). Infrastructure: As the UAE continues to invest in world class-infrastructure to meet future demand, particularly with the development of Al Maktoum International Airport (DWC) and Zayed International Airport (AUH), it is critical to work with industry to remain a cost competitive hub for airlines and passengers. Workforce: The UAE is making significant investments in aviation training to ensure a skilled workforce to support growth opportunities. Maintaining a sustainable pipeline of aviation professionals will further strengthen the UAE's status as a global aviation hub. As part of this effort, a new IATA training centre was recently opened in Abu Dhabi.
Zawya
16-04-2025
- Business
- Zawya
Aviation, tourism adds $18.2bln to UAE GDP: IATA
UAE - The International Air Transport Association (IATA) reported that aviation, including aviation-related tourism, generated significant economic value for the UAE in 2023, contributing $18.2 billion to GDP and creating 992,000 jobs. The sector employed 74,500 directly by airlines, with 132,300 employed elsewhere and 297,300 in aviation-related tourism. Additionally, 3.1 million tons of air cargo were handled in 2023. 'The UAE is a critical hub for global connectivity. And the benefits of its super connector role brings trade, tourism, investment, and jobs to the UAE. The leadership of the UAE has a strategic vision for aviation, supported by smart regulation and investment in world-class infrastructure. Supporting nearly a million jobs and 18.2% of GDP, aviation makes an enormous contribution to the UAE's prosperity—both culturally and economically. And we can be confident that this contribution will strengthen as the UAE continues to facilitate opportunities for aviation to thrive,' said Willie Walsh, IATA's Director General. KEY PRIORITIES FOR THE UAE Building on its position as a global aviation leader, the UAE is well-placed to progress in three priority areas: • Sustainability: The UAE has been a leader in the development of Low Carbon Aviation Fuel (LCAF) and is targeting an annual production of 700 million liters of Sustainable Aviation Fuel (SAF) by 2030. IATA looks forward to the potential for even broader collaboration with the UAE, in pursuit of opportunities to advance progress towards aviation's net zero carbon emissions by 2050 goal such as the recently launched SAF Registry (operated by CADO). • Infrastructure: As the UAE continues to invest in world class-infrastructure to meet future demand, particularly with the development of Al Maktoum International Airport (DWC) and Zayed International Airport (AUH), it is critical to work with industry to remain a cost competitive hub for airlines and passengers. • Workforce: The UAE is making significant investments in aviation training to ensure a skilled workforce to support growth opportunities. Maintaining a sustainable pipeline of aviation professionals will further strengthen the UAE's status as a global aviation hub. As part of this effort, a new IATA training center was recently opened in Abu Dhabi, UAE. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
16-04-2025
- Business
- Trade Arabia
Aviation, tourism add $18.2bn to UAE GDP: IATA
The International Air Transport Association (IATA) reported that aviation, including aviation-related tourism, generated significant economic value for the UAE in 2023, contributing $18.2 billion to GDP and creating 992,000 jobs. The sector employed 74,500 directly by airlines, with 132,300 employed elsewhere and 297,300 in aviation-related tourism. Additionally, 3.1 million tons of air cargo were handled in 2023. 'The UAE is a critical hub for global connectivity. And the benefits of its super connector role brings trade, tourism, investment, and jobs to the UAE. The leadership of the UAE has a strategic vision for aviation, supported by smart regulation and investment in world-class infrastructure. Supporting nearly a million jobs and 18.2% of GDP, aviation makes an enormous contribution to the UAE's prosperity—both culturally and economically. And we can be confident that this contribution will strengthen as the UAE continues to facilitate opportunities for aviation to thrive,' said Willie Walsh, IATA's Director General. Building on its position as a global aviation leader, the UAE is well-placed to progress in three priority areas: • Sustainability: The UAE has been a leader in the development of Low Carbon Aviation Fuel (LCAF) and is targeting an annual production of 700 million liters of Sustainable Aviation Fuel (SAF) by 2030. IATA looks forward to the potential for even broader collaboration with the UAE, in pursuit of opportunities to advance progress towards aviation's net zero carbon emissions by 2050 goal such as the recently launched SAF Registry (operated by CADO). • Infrastructure: As the UAE continues to invest in world class-infrastructure to meet future demand, particularly with the development of Al Maktoum International Airport (DWC) and Zayed International Airport (AUH), it is critical to work with industry to remain a cost competitive hub for airlines and passengers.
Trade Arabia
03-04-2025
- Business
- Trade Arabia
IATA launches sustainable aviation fuel registry
The International Air Transport Association (IATA) has launched the sustainable aviation fuel (SAF) registry with its release to the Civil Aviation Decarbonization Organization (CADO). The Registry, now live under CADO management, will enable a global market for SAF that will accelerate the transition to net zero emissions by 2050. 'Aviation's decarbonization is a team effort. In releasing the SAF Registry to CADO for launch, we have put in place a critical platform for the benefit of all stakeholders. It ensures that all airlines in the world have access to SAF and that their SAF purchases can be claimed against any climate-related obligations in this domain. The Registry will record the environmental attributes of SAF purchases in an immutable way, safeguarding against double counting. Airlines, their corporate customers, fuel producers, regulatory bodies, and all related organizations will be able to record and account for their SAF transactions in a global market for SAF. While this is of fundamental importance and a historically momentous advance, it is but one step along the way to a mature, transparent, and liquid global SAF market. The Registry cannot produce miracles on its own, but without it, no miracles can be produced. Further progress requires active policy support for the ramping-up of all renewable energy production, and for SAF within that production. Governments must reallocate their direct support given to fossil fuel producers in favor of renewable energy production. The precedent of the wind and solar energy markets is the example to follow, and this without any further delay,' said Marie Owens Thomsen, IATA's Senior Vice President Sustainability and Chief Economist. The SAF Registry is a global system to record SAF transactions in a standardized and transparent way. It ensures that the environmental benefits of SAF can be tracked as they move across the SAF value chain and enable the claiming of these against regulatory obligations and voluntary schemes by airlines and corporate customers. The Registry helps solve the challenge of limited SAF supply —which is acutely scarce and available in only a few locations globally —by connecting airlines with SAF producers and suppliers, regardless of their geographical location. In addition, it gives airlines' corporate customers access to in-sector emissions reductions and capitalizes on firms' capacity to co-finance the cost of decarbonization. The SAF Registry is technology and feedstock neutral, favoring the emergence of diverse SAF production streams across the world. It will be able to accommodate specific regulations, while favoring global harmonization. Moreover, interoperability with other registries is an important feature of the Registry, supporting competition and open markets. The Registry was developed in consultation with airlines, government authorities, OEMs, fuel producers and suppliers, and corporate travel management companies. With over 30 early users (see appendix) already in the process of onboarding and ready to use the system, the Registry is underpinned by the IATA SAF Accounting and Reporting Methodology which provides a consistent approach to accounting for the environmental benefits of SAF purchases, regardless of location. Participation in the SAF Registry will be free until April 2027, after which it will be operated on a cost recovery basis. The Civil Aviation Decarbonization Organization (CADO) was created in March 2025 to maintain and operate the IATA-developed SAF Registry. It is a not-for-profit organization established under Canadian Law with its headquarters in Montreal.
Zawya
03-04-2025
- Business
- Zawya
SAF Registry goes live
Geneva – The International Air Transport Association (IATA) has launched the Sustainable Aviation Fuel (SAF) Registry with its release to the Civil Aviation Decarbonization Organization (CADO). The Registry, now live under CADO management, will enable a global market for SAF that will accelerate the transition to net zero emissions by 2050. 'Aviation's decarbonization is a team effort. In releasing the SAF Registry to CADO for launch, we have put in place a critical platform for the benefit of all stakeholders. It ensures that all airlines in the world have access to SAF and that their SAF purchases can be claimed against any climate-related obligations in this domain. The Registry will record the environmental attributes of SAF purchases in an immutable way, safeguarding against double counting. Airlines, their corporate customers, fuel producers, regulatory bodies, and all related organizations will be able to record and account for their SAF transactions in a global market for SAF. While this is of fundamental importance and a historically momentous advance, it is but one step along the way to a mature, transparent, and liquid global SAF market. The Registry cannot produce miracles on its own, but without it, no miracles can be produced. Further progress requires active policy support for the ramping-up of all renewable energy production, and for SAF within that production. Governments must reallocate their direct support given to fossil fuel producers in favor of renewable energy production. The precedent of the wind and solar energy markets is the example to follow, and this without any further delay,' said Marie Owens Thomsen, IATA's Senior Vice President Sustainability and Chief Economist. About the SAF Registry The SAF Registry is a global system to record SAF transactions in a standardized and transparent way. It ensures that the environmental benefits of SAF can be tracked as they move across the SAF value chain and enable the claiming of these against regulatory obligations and voluntary schemes by airlines and corporate customers. The Registry helps solve the challenge of limited SAF supply —which is acutely scarce and available in only a few locations globally —by connecting airlines with SAF producers and suppliers, regardless of their geographical location. In addition, it gives airlines' corporate customers access to in-sector emissions reductions and capitalizes on firms' capacity to co-finance the cost of decarbonization. The SAF Registry is technology and feedstock neutral, favoring the emergence of diverse SAF production streams across the world. It will be able to accommodate specific regulations, while favoring global harmonization. Moreover, interoperability with other registries is an important feature of the Registry, supporting competition and open markets. The Registry was developed in consultation with airlines, government authorities, OEMs, fuel producers and suppliers, and corporate travel management companies. With over 30 early users (see appendix) already in the process of onboarding and ready to use the system, the Registry is underpinned by the IATA SAF Accounting and Reporting Methodology which provides a consistent approach to accounting for the environmental benefits of SAF purchases, regardless of location. Participation in the SAF Registry will be free until April 2027, after which it will be operated on a cost recovery basis. About CADO The Civil Aviation Decarbonization Organization (CADO) was created in March 2025 to maintain and operate the IATA-developed SAF Registry. It is a not-for-profit organization established under Canadian Law with its headquarters in Montreal. CADO's founding member is the International Air Transport Association (IATA) which provides ongoing technical and operational support for the SAF Registry. Membership in CADO is open to international organizations and companies in the SAF value chain. For more information, please contact: Corporate Communications Email: corpcomms@ About IATA (International Air Transport Association) represents some 340 airlines comprising over 80% of global air traffic. You can follow us at follow us on X for announcements, policy positions, and other useful industry information. Fly Net Zero. Appendix – Participating Parties – Early Onboarding: Air Canada Airbus Airco American Airlines ANA - All Nippon Airways A.P. Moller - Maersk Atlas Air ATOBA Boeing Cathay Pacific Cieco Energy Delta Airlines DHL EcoCeres Emirates Etihad GE Aerospace GRAMM Energy International Airlines Group (IAG) Infinium Japan Airlines Jet Zero JUNEYAO AIR Lanzajet LATAM Airlines Group Lufthansa Group Malaysia Aviation Group (MAG) OMV Qatar Airways Silk Way West Airlines SkyNRG SCB Environmental Markets Virgin Atlantic Virgin Australia
