Personal Jet Constitution company VistaJet has outlined plans to be carbon neutral by 2025 in order to meet the aviation company’s sustainability goals. The tech consists of carbon offsetting programs that contribute to forest security in Zimbabwe and the Brazilian Amazon, as well as buyers’ decision to continue paying for sustainable fuels such as biofuels.
VistaJet’s founder and chairman stated that the company’s mannequin for the company’s common financial system, which “competes with full aircraft ownership” by giving subscribers access to its fleet of 160 private jets, means potential customers in particular are interested in reinvesting price financial savings in sustainable add-ons.
“The price and cost advantages that we grant make this surcharge possible,” Thomas Flohr told CNBC’s “Squawk Box Asia” on Thursday. So far, VistaJet has had an acceptance rate of over 80% with customers who opted for compensation programs.
Flohr said the company will also use “cutting-edge technology” for route planning, including artificial intelligence, to predict customer behavior and reduce empty legs to the “lowest possible level.” “This is really one of the problems with business jets. Some of these empty flights can be up to 50% compared to a shared model where it’s constantly being optimized, ”he noted.
The plans come from keeping the airline business under sustained strain to reduce carbon emissions and improve sustainability practices, even as it struggles to recover from coronavirus-induced success on global travel. Currently, the global aviation business is focused on reducing CO2 emissions by 50% by 2050.
Notwithstanding the criticism of private jet flights, whose low passenger numbers are sometimes seen as particularly inefficient alternative Business options, says Flohr, that the business is at an inflection level. While a pandemic could take Business Airways a few years to be fully operational again, companies like VistaJet can now operate smaller aircraft at full capacity, he explained.
“When it comes to corporate effectiveness, we don’t actually keep a CEO on a flight,” said Flohr. “We actually only start if we now have a fully paid and fully equipped cabin.” Already in those 12 months, business travel restrictions have proven to be a boon for VistaJet as the demand for corporate records increased within the first quarter in addition to pre-pandemic areas.