Airlines UK’s reaction to the King’s Speech

July 17th, 2024

Commenting on the Government commitment announced in the King’s Speech to introduce a Sustainable Aviation Fuels (Revenue Certainty Mechanism) Bill in the next session of Parliament, Tim Alderslade, CEO of Airlines UK, the industry body representing UK-registered carriers, said:

“The commitment in the King’s Speech to introduce a revenue support mechanism to incentivise UK sustainable aviation fuel (SAF) production is a positive step forwards. Airlines are clear that a Guaranteed Strike Price mechanism – backed and funded by Government and consistent with its approach to industrial strategy – would represent exactly the kind of strategic partnership with business that will unlock billions of pounds of private sector investment in a brand new UK SAF industry. Domestic production of SAF will make it easier for industry to meet the UK’s ambitious SAF mandate, whilst creating tens of thousands of new jobs across the UK’s industrial base and strengthening our energy security. 

“We look forward to working with Government on the scheme design so that the mechanism, whilst offering protections to both investors and consumers, can be introduced as quickly as possible with plants under construction by the end of next year.”