Core Viewpoint - Cathay Pacific has announced a partnership with DHL to provide sustainable aviation fuel (SAF), aiming to significantly reduce greenhouse gas emissions associated with air freight operations [1][2]. Group 1: Partnership Details - Cathay Pacific will supply 2,400 tons of SAF to DHL, which is expected to reduce approximately 7,190 tons of greenhouse gas emissions [1]. - The SAF will be used for international flights departing from three Asian airports: Incheon International Airport in Seoul, Narita International Airport in Tokyo, and Changi Airport in Singapore [1]. - The collaboration is expected to reduce emissions equivalent to over 100 flights of an Airbus A330 cargo aircraft from Hong Kong to Singapore [1]. Group 2: DHL's Sustainability Goals - DHL Express aims to achieve net carbon neutrality by 2050, with the aviation sector accounting for 90% of the group's emissions [1]. - The company plans for SAF to constitute 6% of its fuel supply this year, with a target to increase this to 30% by 2030 [1]. - The SAF provided by Cathay Pacific is projected to reduce DHL's greenhouse gas emissions by up to 80% [1]. Group 3: Pricing and Competitive Advantage - The price of SAF is typically 3 to 5 times higher than traditional aviation fuel [2]. - Cathay Pacific is exploring competitive pricing strategies globally, and the locations covered in this partnership offer relative price advantages [2].