Danish passenger tax to subsidise SAF
September 23, 2022
Denmark will introduce a DKr13 ($1.73) passenger tax on all departures in order to subsidise sustainable aviation fuel as it looks to radically reduce the carbon impact of flying. The scheme is part of the country's plan to ensure that Danish domestic aircraft can operate fully on SAF by 2025. The target is for services to use only SAF from 2030. In total, the Danish government is setting aside DKr1.8 billion ($239 million) to develop cleaner flying in the country, and will select one domestic route that from 2025 will only be operated using SAF, underpinned by state support. From 2027, a subsidy model will be introduced that will allow 100% use of SAF on domestic routes ahead of the 2030 deadline. "We have already invested in support for the production of green fuel, and now we are also securing demand and thereby really pushing the market forward," states the minister for climate, energy and supply Dan Jorgensen. The Danish government believes the plan will make the country a pioneer in low-carbon flying and help to push forward the green transition globally. It has already set aside over DKr3 billion to support the production of SAF, while its reforms will also push up the price of conventional fuels in a bid to make it "more attractive to choose the green way". The passenger levy is set to be introduced from 2025, and will not apply to transit and transfer passengers.
Thai Airways gets hearing date for rehabilitation plan amendment
September 23, 2022
Thailand’s Central Bankruptcy Court has scheduled a 20 October hearing for Thai Airways’ petition to amend its rehabilitation plan. "On 14 September, the court scheduled a hearing to consider the petition for amendment of the business rehabilitation plan. The creditors submitted the objection to the plan amendment," it says in a 22 September filing to the Stock Exchange of Thailand. “The court, thus, scheduled the inquiry hearings on 21 and 22 September 2022.” On 1 July, the plan administrators submitted a petition to amend its court-approved rehabilitation plan to allow it to carry out debt and capital restructuring to derive about Bt80 billion ($2.14 billion) in new equity. Under its proposed amendment, Thai indicated it may seek a new six-year term loan and/or bond of up to Bt12.5 billion, and potentially another Bt12.5 billion in the form of a revolving facility. This is the same amount as a Bt25 billion loan that Thai confirmed it was seeking from a private financial institution in November 2021, but is half the estimated Bt50 billion amount stated in its rehabilitation plan. At that point, the airline said the “successful completion of the proposed plan amendment will enable its equity to be positive in 2024 and its shares likely to be traded again on the stock exchange in 2025.”
China and Boeing hold talks about 737 Max return to service
September 22, 2022
The Civil Aviation Administration of China (CAAC) and Boeing assembled an aircraft evaluation group (AEG) which met in Zhoushan on 14 September to review Boeing 737 Max operation and training specifications, an indication of a possible return of the 737 Max to service. “[It is expected that] after the questions raised at the meeting are resolved, CAAC will release the revised version of the ‘Boeing 737 Aircraft Evaluation Report’, marking that China is nearing completion of the procedure necessary for the 737 Max [to return to service], the regulator says in a Chinese-language statement dated 20 September. The full-time aircraft operation reviewers from the flight standards department of the CAAC and the aircraft review centre of the Academy of Aviation Science participated in the review. Airline flight and maintenance technical experts were also invited to the meeting, as well as the chief operation inspectors and chief maintenance inspectors of regional administrations, and some personnel from Boeing China. Like many other jurisdictions, China grounded the 737 Max in March 2019 following the crash of Ethiopian Airlines flight ET302 on 10 March 2019, less than five months after a Lion Air jet of the same type crashed.