Landsvirkjun and Icelandair are pleased to announce that they are joining forces to develop solutions for the energy transition in aviation in Iceland. Together, the companies will assess the current situation in preparation for projects intended to advance the progress of the energy transition in aviation.
An agreement thereof, initially for a two-year term, was signed February 9th. The agreement sets three objectives. The first is to assess the possibility of implementing a development project, which would mark the beginning of the energy transition in aviation. This could include a project for the effective use of sustainable fuel, green methane, or electricity, as an energy carrier for aviation in Iceland. The second objective is to create a platform for stakeholders and promote cooperation for the energy transition in aviation. And the third is to inform the public and stakeholders about the importance of the energy transition in aviation, and the necessary steps required.
Landsvirkjun’s CEO, Hörður Arnarson, says it is truly enjoyable that Iceland’s energy company and the country’s largest airline have decided to join forces for the energy transition in aviation. “The energy transition in aviation is inevitable and it is already progressing rapidly for passenger vehicles. However, we also need to find solutions for aviation, maritime, and haulage, and now is the time for action.”
Icelandair’s CEO, Bogi Nils Bogason, says that Icelandair is hopeful that this collaboration will generate realistic and mutual opportunities. “Ideally, Iceland will be at the forefront of the energy transition in aviation. However, it is realistic to focus on energy transition in domestic flights to begin with, as Iceland is in the unique position of having short domestic flights routes and easy access to green energy. Furthermore, the location of Iceland, between Europe and North America, could award further opportunities regarding the energy transition for international flights.”