Our Sustainable Aviation Intelligence team are quoted in an S&P Global article today:
By Samyak Pandey, Sofia Cabrera, and Kelvin Chow
As the aviation industry taxis toward 2026, the global sustainable aviation fuel market is entering a pivotal transition year. While 2025 was defined by the rollout of binding mandates in Europe, 2026 is shaping up as a test of the industry’s ability to scale supply amid divergent policy frameworks and intensifying competition for feedstocks….
…The market isn’t just dealing with physical fuel, but with the credit risks associated with high transition costs.
Aviation finance intelligence firm Ishka mentioned that financial stakeholders have factored SAF costs into their credit models.
“Lessors and lenders factor SAF-related cost burdens into assessments,” Ishka Airfinance said, adding that for European carriers, “Lower ATF prices in 2025 have absorbed ETS and SAF compliance cost increases,” though this cushion might vanish as mandates tighten and carbon allowance phase-outs accelerate…
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