Barely a week passes without a weather-related event being blamed by environmental activists and their erstwhile political cheerleaders on human-induced greenhouse gas emissions, compounding the narrative that urgent action is needed to negate the impact.
Business aviation has been caught in the crosshairs of these strident environmentalists with their opprobrium manifested in disruptive and increasingly destructive protests, sometimes attacking and defacing business aircraft.
This includes an incident in May at EBACE in Geneva where demonstrators knocked down fences around the showâs static park and chained themselves to private jets, causing costly damage.
Vilification of business aviation is nothing new, of course. For decades its proponents have tirelessly defended business aircraft against pernicious labels such as "rich men's toys" and "admiralsâ barges."
For Robert Baltus, COO of the European Business Aviation Association (EBAA), these negative tropes are being promulgated by opponents today to curtailâor at the extreme fringes, haltâprivate jet movements.
âBusiness aircraft are portrayed as big polluters despite being responsible for less than 0.04 percent of global greenhouse gas emissions,â Baltus noted. Opponents ignore, often wilfully, the industryâs pledge to reach net-zero carbon dioxide (CO2) emissionsârelative to 2005 levelsâby 2050.
These negative perceptions of business aviation are a growing cause for concern among advocates. Many fear that policymakers will exclude or overlook business aviation as they shape regulations to meet global climate and energy targets. This could in turn adversely impact the industryâs efforts to achieve its net-zero ambitions.
Business aviation's concerns were heightened last month with the formal adoption of the European Parliamentâs first-ever sustainable aviation fuel (SAF) mandate. This calls for the scaling up of the use of SAF at EU airports, reaching 70 percent by 2050.
Baltus points to a ânoticeable lackâ of a book-and-claim measure despite a âvery hard pushâ from EBAA and other industry trade associations.
Under book-and-claim, operators that do not have access to SAF at their airport can purchase it, paying the additional surcharge for use by operators elsewhere. The operator paying the premium for the SAF gets the environmental credit for it.
Recognition of book-and-claim is necessary, Baltus stressed, to ensure a level playing field between airspace users and to help overcome logistical and geographical constraints. âThis is particularly relevant given the limited development of SAF infrastructure,â he added.
Book-and-claim can also attract further financing into the SAF system and help support demand, the EBAA COO added.
âIt's regrettable that the final agreement doesn't include such a system,â Baltus said. Furthermore, the mandate, which has still to be endorsed by the 27 EU member states, sets a threshold of 800,000 passengers a year, which Baltus describes as a âmajor hurdleâ for the industry.
âGiven the limited availability of SAF at small airports, this will make the ability to meet decarbonization objectives all the more challenging and the industry less appealing to investors,â he said.
Added to this setback, the European Commission has omitted business aviation from its EU Taxonomy initiative. Part of the European Green Deal program, Taxonomy is a common classification system for sustainable economic activities. It directs investments toward sustainable projects and activities, the Commission explained, to enable the EU to meet its climate and energy targets for 2030.
âWe have been surprised that business aviation, which serves as an incubator for new technologies and has a robust CO2 reduction plan, is not part of the initiative, despite commercial aviation being added to the list,â said Baltus. âEBAA is actively engaged in ongoing discussions with stakeholders to advocate for a change."
Pete Bunce, president and CEO of the General Aviation Manufacturers Association (GAMA), calls the omission âshort-sighted and incredibly frustrating. They clearly donât understand what a great technology incubator business aviation is."
Research and innovation are at the core of this sector, he added, from airframes and avionics to powerplants and fuel. âInflicting harm on the industry by discouraging investment because of this crazy perception that the business jets out there aren't contributing to the net-zero solution is counterproductive,â Bunce said.
He attributed the policy to âpolitically motivated class warfareâ designed to punish the industry. It shows a âtotal disregardâ for the vital role business aviation plays in local and national economies.
âIf major companies like [France-headquartered] Dassault Aviation and Daher cannot secure investment revenue from the banks to continue innovating and introducing new products, they could move outside the EU," said Bunce, "perhaps to China, who are very bullish on aerospace technology and willing to invest, and/or to the U.S. where they already have established bases. This would be a huge loss [to Europe].â
In the U.S., business aviation is largely acknowledged for delivering vast economic and practical benefits to the country. The dissenting voices of environmentalists and their political proponents are being drowned outâfor now.
âWe are certainly not complacent and acknowledge there is a groundswell of opposition here to business aviation,â Bunce admitted. He stressed the industry takes its environmental, social, and governmental (ESG) commitments very seriously and is âan incredible steward of the environment.
âI donât ever want to see a time when future investment in our industry from banks and other financial intuitions is curtailed,â Bunce said.
Such directives are unlikely to impact the business aircraft sales and acquisitions market, according to Steve Varsano, founder of international brokerage, The Jet Business. âCash is used in the vast majority of transactions, and those business aircraft that are financed are viewed by financiers as high-quality assets used by companies and individuals with a great credit rating.â
Varsanoâs views are supported by Global Jet Capital chief marketing officer Andrew Farrant. He suggests business aircraft have the added appeal to financiers of being used across industries and global regions, âwhich creates a highly diversified and economically resilient base of users."
Farrant acknowledges the rise of anti-business aviation sentiment but he does not envision financing becoming âexplicitly conditional on sustainability criteria."
That said, business aviation will continue to attract undue attention from activists, he said, due to its high-profile nature. It is therefore incumbent on the industry âto do a better job of educating the public and policymakers on the significant strides we have made to reduce our environmental impact. We must also promote the economic benefits the industry derives in terms of technological advancements and job creation."
GAMAâs Bunce believes the industryâs best advocates are its growing young and diverse talent pool. âWe are proud that we continually attract young people into the industry, many from traditionally under-represented communities,â he said.
âThey need to persuade their peers that business aviation is part of the solution to net-zero, rather than chaining yourself to the gear of an aircraft or throwing orange paint,â Bunce added. âWe have a great story to tell.â
That sentiment is echoed by Ford Von Weise, global head, aircraft finance, at Citi Private Bank. âThe default position of the industry is âkeep your head down and don't be noticedâ but that is not the right approach any longer,â he said.
He describes business aviation as a huge success story. A positive narrative of how an industry contributing a tiny percentage of global CO2 emissions is doing so much to lower aviationâs environmental impact must take front and center before it is hijacked by activists. "Perception is everything,â Von Weise concluded.