Europe’s leading low-cost carriers have engaged in some healthy competition with each other over the past couple of years, trying to outdo their competitors. Just recently, Ryanair partnered with Amadeus to help business travelers lower their carbon footprint, while Wizz was named sustainable airline of the year by CAPA for their net-zero strategy. Not to mention easyJet’s plans for a comprehensive new net-zero strategy. New developments from Ryanair and Wizz happened this Wednesday.
Ryanair, uses the bank for financial support for environmental and social projects. Ryanair is the first European airline to partner with Citi by investing surplus funds, which will support both the sustainability of the company and various other parts of their investment.
While the issue of climate change is seen worldwide, it’s on a sharper focus in academia. In response to the partnership, The LCC Director of Sustainability Thomas Fowler offered his opinion on how they’re meeting the challenge head-on.
“Ryanair is proud to lead sustainable aviation in Europe. This is further evidenced by our partnership with Citi to deposit funds in their new Sustainable Deposit Solution. The funds will not only help us manage finances during this transition but will also help drive our overall sustainability agenda, supporting several sustainability initiatives throughout Citi’s portfolio.”
Wizz attended the General Assembly of the Zero Emission Alliance
Wizz Air has joined the European Commission’s Alliance For Zero-Emission Aviation and attended the General Assembly hosted by EUROCONTROL on Monday, November 14. Members of the alliance were announced in September of this year and includes OEMs such as Airbus, but also airlines such as easyJet , and startups including eVTOL maker Lilium. Airport representatives include Torino Airport, The Dublin Airport Authority and Swedavia.
The purpose of the Airline Collaborative Agreement is to further the progress of zero-emission flight, and prepare infrastructure for fuel-free operations. Wizz will share information with other members who are part of the agreement, specifically on obstacles and ways to overcome these obstacles for zero-emission aircraft.
The Chief People and ESG officer of Wizz Air, Johan Eidhagen, said.
The addition of Wizz Air to the AZEA membership is an exciting moment. With the technology developed by the collaborative research and development efforts within the industry, hydrogen aircraft operations are headed in a more sustainable direction. We’re thrilled to have them on board and excited to collaborate with them on this journey.