ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Textron Aviation announces new SustainableAdvantage carbon offset program for Cessna, Beechcraft and Hawker owners

Textron Aviation today announced a new ProAdvantage program, SustainableAdvantage℠, to provide owners with an additional option for reducing their carbon dioxide emissions from operating aircraft. In collaboration with 4AIR, the program is set to launch in January 2024 and is available to eligible customers who own and operate Cessna, Beechcraft and Hawker turbine aircraft worldwide.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231211958990/en/

Beechcraft King Air Sustainability (Photo: Business Wire)

Beechcraft King Air Sustainability (Photo: Business Wire)

Beechcraft, Cessna and Hawker customers receive factory-direct support, maintenance and modifications by Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, through its global network of service and part centers, mobile service units and 24/7 1CALL AOG support.

“Owners have increasingly become interested in solutions that mitigate the carbon footprint of operating their aircraft,” said Brad White, senior vice president, Global Parts and Programs, Textron Aviation. “SustainableAdvantage provides them the opportunity to have a seamless option to offset their carbon emissions through a Textron Aviation approved program and supplier.”

Textron Aviation will administer SustainableAdvantage as part of its easy-to-use array of ProAdvantage programs and connect owners to 4AIR. 4AIR is the first company to offer comprehensive sustainability solutions for business aviation. SustainableAdvantage will offer owners the option to offset their aircraft emissions footprint with 4AIR’s Bronze Level. Carbon offsets reduce emissions elsewhere which can be claimed against the carbon footprint from operating aircraft.

“Our relationship with Textron Aviation acknowledges the many strides we have made in the industry to make sustainability more accessible,” said Nancy Bsales, chief operating officer, 4AIR. “We are excited to provide Cessna, Beechcraft and Hawker owners with sustainable solutions that address and meet their environmental commitments and goals.”

4AIR will provide owners who choose to join SustainableAdvantage a personalized, annual report that will document offset purchases. Additionally, 4AIR offers monitoring and compliance reporting requirements for the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and the European Union, French and United Kingdom Emissions Trading System (ETS) as well as other ESG reporting requirements.

The SustainableAdvantage portfolio currently managed by 4AIR supports four projects around the globe:

Sustainability at Textron Aviation

Textron Aviation is committed to environmental sustainability and natural resource conservation and supports the Business Aviation Commitment on Climate Change. As part of Textron Inc., Textron Aviation established enterprise-wide five-year goals to reduce greenhouse gas emissions by 20%, and reduce energy consumption, water use and waste generation by 10% by the end of 2025. Additionally, nearly all the company's electricity needs in Kansas are powered by renewable wind energy.

Robust investments in Textron Aviation’s products and facilities encourage sustainability in its designs and operations. The Beechcraft Denali and Cessna Citation Ascend highlight the company's dedication to reducing emissions and improving efficiency through its new aircraft projects. Customers can take delivery of their aircraft using sustainable aviation fuel (SAF) and they can also refuel with it at Textron Aviation's service center in Wichita, Kansas.

The company is actively supporting the development of sustainable propulsion solutions, such as hydrogen electric and hybrid electric. Its global service network received recertification from the National Air Transportation Association (NATA) as a Green Aviation Business and by NBAA for the increased sustainability efforts of its ground support.

About Textron Aviation

We inspire the journey of flight. For more than 95 years, Textron Aviation Inc., a Textron Inc. company, has empowered our collective talent across the Beechcraft, Cessna and Hawker brands to design and deliver the best aviation experience for our customers. With a range that includes everything from business jets, turboprops, and high-performance pistons, to special mission, military trainer and defense products, Textron Aviation has the most versatile and comprehensive aviation product portfolio in the world and a workforce that has produced more than half of all general aviation aircraft worldwide. Customers in more than 170 countries rely on our legendary performance, reliability and versatility, along with our trusted global customer service network, for affordable and flexible flight.

For more information, visit www.txtav.com | www.defense.txtav.com | www.scorpionjet.com.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information, visit: www.textron.com

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements.

About 4AIR

4AIR is an aviation industry pioneer offering turnkey, accessible sustainability solutions. Its industry-first framework seeks to address climate impacts of all types and provides a simplified and verifiable path for aviation industry participants to achieve meaningful aircraft emissions counteraction and reduction. The 4AIR framework offers four levels, each with specific, science-based goals, industry-aligned benchmarks, and progressively greater impacts on sustainability that make it easy for private aviation users to pursue sustainability through access to carbon markets, use of Sustainable Aviation Fuel, support for new technologies and other strategies. For more information, visit us at www.4air.aero.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.