News Release

Victor and Neste announce industry-leading partnership reducing private jet charter emissions up to 80% by replacing fossil fuel with Neste MY Sustainable Aviation Fuel

Fly Victor, the on-demand private jet company, has partnered with Neste, the world's leading producer of sustainable aviation fuel (SAF), to set a new sustainability benchmark in business aviation. From today, Victor members can purchase Neste MY Sustainable Aviation Fuel for every private jet booking, globally, enabling them to reduce the greenhouse gas (GHG) emissions for their flight by up to 80% compared to fossil jet fuel.

Victor's private and corporate members can reduce the carbon emissions of their air travel, meet the climate targets they have set and credibly report on their CO₂e emission reductions. Corporates signed up for Science Based Targets initiatives (SBTi) who are committed to reducing their scope 3 emissions and specifically emissions from their jet charter flights,can currently do this only by booking private jet charter flights with Victor.

This partnership, aligned with Science Based Targets initiatives (SBTi), enables private jet charterers to meaningfully contribute towards Net Zero 2050, by replacing fossil fuels with sustainable aviation fuel for every booking. As aviation sets its sights on increasing the share of SAF to 10% of all jet fuel use by 2030, the partnership model enables accelerated action towards this target. Given how fragmented the business aviation sector is, this “pay here, use there” solution is the first to offer SAF for every charter flight regardless of operator or departure airport. This is crucial as it enables SAF demand to increase. Victor's global base of influential members who have the ability and means to choose SAF and make their private travel with reduced climate impact are offered a great opportunity to help increase the overall demand so that this sustainable solution can develop more rapidly.

Toby Edwards, co-CEO at Fly Victor, commented: “I am relieved to be announcing our global partnership with Neste today. The urgent and rapid scaling-up of sustainable aviation fuel (SAF) is essential if we are to achieve our Net Zero goals. It's fundamental to all our stakeholders that we continue to be transparent about the emissions of our members' private flights and, where possible, take ownership of the climate crisis. I'm thankful for the enterprise and dedication that has been put in by both the Neste and Victor teams to ensure our members can now choose to replace fossil fuel with Neste MY SAF on every private jet and commercial jet charter booking. Our pioneering partnership could create a SAF blueprint for the fragmented business aviation sector and help accelerate its wider usage across the aviation industry.”

Jonathan Wood, vice president Europe, renewable aviation, at Neste said: “I'm excited that we are in this pioneering partnership together with Victor, a leader in charter aviation. This partnership enables Victor members to purchase Neste MY SAF for any flight globally. It is an industry-leading blueprint that we hope other companies will follow as the aviation sector strives for Net Zero carbon emissions by 2050. SAF is essential to reaching this goal, immediately reducing life-cycle greenhouse gas (GHG) emissions. Neste is committed to support aviation's emission reduction goals and believes that requires a joint effort where everyone's choice matters.”

How the Victor x Neste offering works:

Victor's private and corporate members can reduce their carbon dioxide emissions (CO₂e), with a clear chain-of-custody. Neste ensures specific SAF volumes purchased by Victor members are delivered to partner aircraft operators, providing real in-sector climate benefits.

- Victor members will not charter using the Neste MY SAF they have purchased for their own flight, however their SAF contribution will ensure another in-sector partner flight benefits from a carbon emission reduction by the amount purchased, ensuring this partnership is aligned with Science Based Targets.

- At checkout during the booking process, all Victor members can now easily choose how much fossil fuel they want to replace with Neste MY SAF, from as little as 5% up to 100%.

- The Victor member's charter booking receipt will itemise exactly how much Neste MY SAF the Victor member has purchased.

- To avoid any confusion in case of changes. for instance; to the exact aircraft booked, the flight itinerary or a cancellation, Neste will only deliver the SAF purchased by the Victor member to their partner airline after the Victor member's private flight has fully flown.

- Neste will then send a delivery confirmation document with confirmation of the carbon dioxide emission reduction, which can be used for science-based reporting by the Victor member.

Neste MY SAF is already in production and available to use today, unlike SAF that has not yet been produced or SAF credits. It is produced from 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste. Victor members have the ability to take control of their climate impact with a SAF solution developed following the aviation sector guidance by SBTi, the gold standard for ambitious corporate climate action. Victor is confident that with a clear benefit and easy order process, members will purchase SAF, despite the cost being typically three times more than jet fuel.