SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Aviation's clean take-off: How the industry is charting a greener course this Earth Day

#Opinions#India
Jaideep Mirchandani, Chairman Sky One | Last Updated : 25th Apr, 2025
Synopsis

Marking Earth Day, aviation experts emphasized the urgent need to adopt renewable energy and triple global clean power generation by 2030. The industry, especially in fast-growing markets like India, faces pressure to cut emissions. A mix of strategic planning, government policies, and global frameworks is guiding the shift to net-zero by 2050. India is advancing air taxi infrastructure and promoting green airports, like the solar-powered Cochin Airport. Airlines are investing in fuel-efficient aircraft such as the Airbus A350 and Boeing 787. With fleet expansion and rising passenger numbers, sustainable finance and aviation fuels are becoming critical tools in India's push for a cleaner, climate-friendly aviation future.

Marking Earth Day earlier this week, which carries the theme 'Our Power, Our Planet,' aviation experts stressed the urgency of transitioning to renewable energy and tripling global clean electricity generation by 2030. The aviation sector, having experienced remarkable expansion in recent decades, particularly in rapidly developing countries like India, continues to face pressure to curb its substantial greenhouse gas emissions.


In response, industry leaders have been calling for a multi-pronged approach involving strategic modelling, specialised training, and stronger government interventions to help the sector meet its net-zero carbon target by 2050. Supporting frameworks from global bodies such as the International Civil Aviation Organization (ICAO) and International Air Transport Association (IATA) are further reinforcing these goals.

Among those advocating this change is Jaideep Mirchandani, Group Chairman of Sky One, a global aviation firm. He emphasised that the aviation ecosystem can move towards environmentally responsible practices without sacrificing operational performance or customer satisfaction.

India's Directorate General of Civil Aviation (DGCA) recently introduced regulations enabling the setup of vertical ports, signalling the phased introduction of air taxis in the country. These flying vehicles, still at a nascent stage, hold the promise of easing urban congestion while lowering emissions. For the vision to materialise, further government guidance is expected in areas such as infrastructure development, battery charging systems, landing zones, and parking solutions.

India's push for sustainability in aviation infrastructure can be traced back to Cochin International Airport (CIAL) in Kerala, which in 2015 became the world's first fully solar-powered airport. Operating with a 12 MW solar plant consisting of over 46,000 panels, CIAL has generated close to 250 million electricity units and prevented around 160,000 metric tonnes of CO? emissions. The project has inspired similar initiatives across the country. New developments like Navi Mumbai International Airport are also prioritising sustainability from the design stage. The transition to carbon-neutral airport facilities-both existing and new will be critical for the sector's decarbonisation journey.

Indian airlines have been investing heavily in next-generation aircraft that are lighter on fuel. Air India has ordered 250 Airbus planes, comprising 210 A320s and 40 A350s, while IndiGo has also ordered 30 A350s. The A350 series is among the most fuel-efficient wide-body aircraft currently available. Boeing 787 Dreamliners, featuring advanced aerodynamics and high-efficiency engines, are also gaining traction. As airline fleets continue to expand, fleet decisions will increasingly hinge on fuel performance-cutting both carbon emissions and operating costs.

With over 2,200 aircraft expected to be added to India's aviation fleet over the next two decades, and the Civil Aviation Ministry estimating passenger traffic to exceed 630 million annually by 2030, sustainable financing will play a vital role. To accommodate this growth without environmental compromise, aviation firms are leaning into sustainability-linked loans and bonds. These financial instruments tie terms to climate targets, incentivising firms to adopt greener practices. While the aviation sector has historically faced difficulties attracting green capital, investor sentiment is gradually shifting in favour of climate-aligned aviation.

Despite the technical challenges of lowering emissions mid-air, sustainable aviation fuel (SAF) is emerging as a key component of the solution. A recent Deloitte report, Green Wings: India's SAF Revolution in the Making, underscored that India represents 2.5% of global Aviation Turbine Fuel (ATF) demand and has the natural resources and export capacity to become a major SAF producer.

Note:- The views, opinions, and information expressed in this article are solely those of the author and do not necessarily reflect the views of Prop News Time. The content has not been independently verified or endorsed by Prop News Time. Readers are advised to exercise their own discretion and seek professional advice if required.

Have something to say? Post your comment