The transaction will support DC Aviation's sustainable business practices by offering its Malta-based customers an alternative to the traditional carbon credit model of emissions reduction.
DC Aviation is to replace a portion of its total emissions through a sustainable aviation fuel commitment. This will make use of Associated Energy Group's (AEG) voluntary SAF Registry, allowing DC Aviation to offset the portion of the group's emissions resulting from fuel consumption at Malta International airport via a chain of custody Book and Claim model. The transaction will support DC Aviation's sustainable business practices by offering its Malta-based customers an alternative to the traditional carbon credit model of emissions reduction. In turn, through this transaction, AEG will demonstrate a successful decoupling of the emission reduction attributes from the physical SAF product and the subsequent assignment of those sustainability claims to DC Aviation.
Book and Claim provides the aviation industry with a solution to the various complexities of increasing accessibility to SAF and controlling cost. The agreement between AEG and DC Aviation allows for DC Aviation's Malta-based aircraft to participate in the burgeoning SAF industry, despite the group's geographically disadvantaged operating base for SAF supply.
“We are proud to be leading by example and be a pioneer in bringing SAF to the Maltese Islands. Since 2021, DC Aviation Malta has been supporting the business aviation's efforts to become more sustainable by voluntarily offsetting all of our FBO customers' fuel uplifts purchased through our FBO. We are grateful and honoured by this partnership with AEG, which is another first for Malta. We are voluntarily and at no additional cost to our customers or their passengers, purchasing two per cent SAF of all the fuel uplifts in 2023 and have committed to do the same for 2024,” says managing director Stanley Bugeja.
“We're very excited to support DC Aviation's efforts to push our industry forward and be willing to participate in a SAF Registry transaction,” adds Noel Siggery, AEG director of sales and business development. “Its focus on investments in the environmental benefits and emission reduction attributes of SAF, as opposed to the more costly, physical segregation of the product, demonstrates the group's commitment to innovative and thoughtful market-based sustainability solutions. As AEG continues to enter into SAF offtake commitments around the world, participating in these transactions helps increase our own ability to provide customers sustainability solutions in any geography.”
