Wizz Air and OMV sign pact to supply SAF for 7 years

Wizz Air, a leading Europe-based airline, has signed an agreement with Vienna-headquartered OMV, a global oil, gas and chemicals company, for the supply of sustainable aviation fuel (SAF) between 2023 and 2030. The MoU Memorandum of Understanding (MoU) gives Wizz Air the opportunity to purchase up to 185,000 metric tons of SAF from OMV. This co-operation guarantees Wizz Air can progress in accordance with its plan for reduction of CO2 intensity per passenger kilometre. The move builds on Wizz Air’s position as the most sustainable choice of air travel and is a key part of the airline’s environmental strategy to reduce carbon emissions intensity by 25% by 2030 and reach net-zero by 2050. With the lowest CO2 intensity per passenger kilometre in Europe, one of the youngest fleets in the world, and numerous fuel efficiency initiatives, Wizz Air is already leading the aviation industry to a more sustainable future. OMV is implementing numerous measures to help deliver its ambitious strategic sustainability goals, and SAF is a key technology for the decarbonization of the aviation industry. The goal involves increasing SAF production to as much as 700,000 tons in 2030. This is in line with OMV's ambition to become a net zero company by 2050 at the latest (for Scopes 1, 2 and 3). To this end, clear medium-term and long-term emission reduction targets have been defined as part of the OMV Strategy 2030.<br/>