Aircraft Leasing Market Projected to Reach $397 Billion by 2034

Vueling Airlines and Commercial Jet Adopt dentCHECK Technology from 8tree Advancing Aircraft Maintenance with Digital Innovation Vueling Airlines, a prominent low-cost carrier within the IAG Group, has recently integrated dentCHECK, a handheld inspection tool developed by 8tree, into its aircraft maintenance operations. This OEM-approved device provides instant and highly accurate dent mapping on aircraft surfaces, facilitating faster and more reliable damage assessments. The adoption of dentCHECK reflects Vueling’s commitment to innovation and the digitalisation of its engineering processes, aiming to enhance operational efficiency and maintenance precision. The implementation of dentCHECK allows Vueling’s maintenance teams to conduct consistent and precise surface inspections, significantly reducing aircraft downtime and enabling more informed maintenance decisions. Its portability and manufacturer approval establish the tool as a leading solution for structural damage evaluation in the aviation sector. Nonetheless, the transition presents challenges, including the need to integrate the technology with existing maintenance systems and potential resistance from pilots and ground crews accustomed to traditional inspection methods. Commercial Jet’s Integration and Industry Implications Commercial Jet, a specialist in aircraft maintenance, modification, and refurbishment (MMR) services, has also adopted dentCHECK technology at its Miami and Dothan facilities. This move reinforces Commercial Jet’s dedication to precision and innovation, streamlining damage inspection workflows and strengthening safety protocols. The integration of dentCHECK supports the company’s pursuit of high standards in aviation servicing and operational excellence. The adoption of dentCHECK by both Vueling Airlines and Commercial Jet aligns with a broader industry trend toward enhanced operational efficiency and technological advancement. Market analysts predict growing interest from other low-cost carriers seeking similar improvements in maintenance reliability and efficiency. In response, competitors may pursue comparable technologies or invest in alternative innovations to maintain their competitive positions. Market Outlook for Aircraft Safety Automation The market for automated aircraft safety inspections is projected to experience substantial growth, with estimates suggesting it will reach USD 2.5 billion by 2034. This expanding market environment encourages aviation companies to embrace advanced digital tools like dentCHECK, signaling a shift toward smarter, technology-driven maintenance strategies. Through their adoption of this technology, Vueling Airlines and Commercial Jet exemplify how forward-looking aviation organizations are leveraging digital innovation to streamline operations, improve accuracy, and uphold rigorous safety and maintenance standards in an increasingly competitive industry.

Airbus Strengthens Production Partnership in China Ahead of Key Summit Airbus has formalized a new cooperation agreement with its Chinese partner, AVIC Xi’an Aircraft Industry Group, to expand the local production of its A321 aircraft in China. Announced just days before a pivotal China-Europe leaders’ summit in Beijing, the agreement will enable Airbus to commence fuselage equipping—the installation of critical systems on the front and rear sections of the aircraft—at its Tianjin facility. This development marks a significant step in Airbus’s ongoing efforts to deepen its localisation strategy within the world’s second-largest aviation market. Expanding Local Production and Strategic Collaboration Building on an existing partnership focused on the A320, the new deal broadens the scope of collaboration to include the A321 model. George Xu, CEO of Airbus China, highlighted the importance of this expansion, describing it as a vital measure to implement Airbus’s localisation strategy continuously. Xu further underscored the resilience and competitiveness of China’s supply chain, calling it “an indispensable part of the global aviation industry.” The first fuselage sections for the A321 arrived at the Tianjin plant earlier this month, with Airbus targeting completion of system installations—including electrical, electronic, drainage, oxygen, flight control, and hydraulic components—by October. The timing of the agreement is particularly significant given the anticipation of a potential “mega-deal” between Airbus and Chinese airlines during the upcoming summit. Industry analysts suggest such an order could be valued in the tens of billions of dollars, reinforcing Airbus’s foothold in the Asian market where demand for single-aisle jets remains strong. Navigating Industry Challenges Amid Intensifying Competition Despite the promising expansion, Airbus faces a complex operating environment marked by ongoing supply chain disruptions and intensifying competition. The company must also adapt to evolving market demands as it seeks to maintain and grow its presence in Asia. The new agreement is expected to bolster investor confidence in Airbus’s growth trajectory within the region. Competitors including Boeing and Embraer are actively responding to these market dynamics. Recent orders from ANA Holdings, spanning Airbus, Boeing, and Embraer aircraft, alongside Riyadh Air’s commitment to acquire up to 50 Airbus A350-1000s, illustrate the fierce competition as airlines worldwide pursue fleet modernization. By deepening its partnership with Chinese manufacturers and expanding local production capabilities, Airbus is strategically positioning itself to capture a larger share of the rapidly growing Asian aviation market, even as it contends with the complexities of global supply chains and competitive pressures.

Airlines Hesitant to Accept Aircraft Deliveries Amid Tariff Uncertainty, Says IATA SINGAPORE, July 16 – Airlines are increasingly reluctant to accept new aircraft deliveries as ongoing tariff uncertainties escalate costs and disrupt established supply chains, International Air Transport Association (IATA) Director-General Willie Walsh stated on Wednesday. Broad Impact of Tariffs on the Aerospace Industry Addressing a media roundtable in Singapore, Walsh highlighted that the repercussions of tariffs extend well beyond major manufacturers such as Boeing and Airbus. He stressed that the entire aerospace industry, along with most airlines worldwide, is affected by these trade tensions. “It’s not just going to be a major Boeing and Airbus issue. It’ll impact all aspects of the aerospace industry and have an impact on most, if not all, airlines as well,” Walsh remarked. The shifting tariff environment is compelling aviation businesses to reevaluate their vendor relationships and diversify supply chains. Airlines and aerospace companies are increasingly seeking alternative suppliers in countries less impacted by new duties. This strategic pivot involves reassessing sources for parts, maintenance, and servicing, as well as reconsidering aircraft procurement based on the country of manufacture. Challenges in the Air Cargo Sector and Industry-Wide Adjustments The air cargo sector is also confronting significant challenges as manufacturers and retailers modify their supply chains in response to tariff pressures. Cargo airlines must navigate altered trade flows, which necessitates adjustments in network planning, capacity deployment, and aircraft acquisition strategies. As trade routes and volumes shift, carriers are compelled to adapt swiftly to sustain operational efficiency and competitiveness. Industry analysts observe that these ongoing adjustments may have enduring consequences for the global aviation market. Procurement strategies and long-term fleet planning could be fundamentally reshaped as airlines and cargo operators grapple with tariff-related uncertainties. The persistent ambiguity surrounding tariffs continues to influence decision-making across the sector, driving stakeholders to seek ways to mitigate risks and manage costs amid a rapidly evolving trade landscape.

Flying Taxi CEO Regains Billionaire Status After Stock Surge Joby Aviation’s Market Revival Four years after a high-profile SPAC debut followed by a significant stock decline, Joby Aviation has experienced a remarkable resurgence, propelling CEO JoeBen Bevirt back into billionaire ranks. Bevirt, 51, currently holds a 12% stake in the electric air-mobility company, now valued at approximately US$1.3 billion according to the Bloomberg Billionaires Index. The value of his holdings has more than doubled since April, driven by a 160% surge in Joby’s stock from its yearly low. Shares rose 10% to US$13.92 in New York trading on Thursday, reflecting renewed investor confidence in Joby’s electric vertical takeoff and landing (eVTOL) aircraft. This momentum followed the company’s successful piloted test flight in Dubai last month and was further bolstered by a recent U.S. executive order establishing a federal pilot program for advanced air mobility technology. Bevirt emphasized the administration’s prioritization of air taxis in a March interview with Bloomberg Television, highlighting strong backing from the Department of Defense. Industry Growth and Competitive Pressures Joby’s revival is part of a broader wave of positive developments within the emerging air mobility sector. The company has announced plans to double production capacity at its primary manufacturing facility, aiming to introduce its quiet, runway-free aircraft—capable of speeds up to 322 km/h—into commercial service. Bevirt has outlined ambitious plans for seven-minute flights connecting lower Manhattan to JFK Airport, with pricing designed to compete with premium ride-hailing services. Despite these advances, Joby faces intensifying competition as major technology firms enter the autonomous mobility market. Tesla recently launched its own self-driving taxi service, triggering an 8% increase in its stock and boosting CEO Elon Musk’s net worth by US$15 billion. Amazon’s Zoox division has also expanded with a new production facility for self-driving taxis, signaling rapid progress and escalating investment in the sector. Additionally, a leading self-driving AI company secured US$600 million in funding, while a US$250 million deal for air taxis further underscores the growing market appetite. Challenges Ahead for Joby Aviation These developments underscore both the opportunities and challenges confronting Joby. While the company’s stock has rebounded sharply, the sector’s rapid evolution may invite increased regulatory scrutiny and intensify competition from well-capitalized rivals. At the time of its 2021 public listing, Joby had yet to deliver a finished product, and its first paying customer remains forthcoming. Nonetheless, recent interest from the defense sector and broader industry optimism have fueled the current rally. JoeBen Bevirt, a mechanical engineering graduate of UC Davis and Stanford, is a seasoned entrepreneur with a track record that includes founding Velocity11, a robotics firm, and Joby, the maker of the GorillaPod camera tripod. As Joby Aviation advances toward commercial operations, the company’s future—and Bevirt’s billionaire status—will hinge on its ability to navigate a rapidly changing landscape shaped by technological innovation and formidable competitors.

Delta Air Lines Adopts Artificial Intelligence for Ticket Pricing Delta Air Lines is pioneering the use of artificial intelligence (AI) to determine ticket prices, signaling a transformative shift in fare-setting practices within the airline industry. The Atlanta-based carrier is among the first major airlines to publicly embrace AI technology with the objective of aligning prices more closely with customer demand. Expanding AI-Driven Pricing Initially, Delta introduced AI-based pricing for approximately 1% of its tickets last fall, setting fares according to what customers are willing to pay. According to reports from travel website The Points Guy, the airline plans to expand this AI-driven pricing model to cover 20% of its domestic flights by the end of the year. This initiative will be subject to an 18- to 24-month trial period, during which Delta will assess the effectiveness of AI in optimizing fare structures before considering a wider implementation. Delta President Glen Hauenstein characterized this development as “a full re-engineering of how we price, and how we will be pricing in the future.” He emphasized the airline’s ambition to offer customers fares that are relevant and timely, stating, “It’s to get inside the mind of our consumer and present them something that is relevant to them, at the right time, at the right price.” Industry Implications and Challenges Delta’s adoption of AI for pricing reflects a broader acceleration of AI integration across various sectors, from healthcare to finance. The airline hopes that AI can manage the complexities of fare setting more efficiently, potentially enhancing both customer satisfaction and operational performance. However, this strategic move may prompt significant changes across the airline industry. Competitors are likely to monitor Delta’s AI pricing closely and may adopt similar technologies, potentially igniting a competitive pricing war. Such dynamics could increase market pressures, challenging airlines’ ability to sustain profit margins despite gains in productivity. Passenger responses to AI-driven pricing are expected to be mixed; while some travelers may welcome more personalized fare options, others might perceive the system as manipulative or unfair, particularly if prices fluctuate unpredictably. In response, rival airlines may escalate their investments in AI or intensify marketing efforts to maintain customer loyalty. This trend underscores both the opportunities and complexities that technological innovation introduces in a fiercely competitive market. Operational Performance and Recent Incidents Despite the uncertainties surrounding AI pricing, Delta’s customer-centric approach has earned it recognition. The Points Guy recently named Delta the most reliable on-time airline in the United States for the seventh consecutive year, highlighting its strong operational performance and positive customer experience. Nonetheless, the airline has faced recent challenges. Earlier this month, a flap from a Delta flight bound for Raleigh-Durham International Airport detached mid-flight and landed in a North Carolina neighborhood. The aircraft landed safely, and no injuries were reported. Delta has yet to provide further comments on its AI pricing strategy. As the airline continues to test this innovative approach, industry observers and passengers alike will be closely watching to determine whether artificial intelligence can deliver smarter and fairer fare options.

Khalifa University Students Drive Aerospace Innovation with Merlin MP521 Flight Simulator Khalifa University of Science and Technology is advancing aerospace education and research through the integration of the Merlin MP521 Flight Simulator, developed by ST Engineering Antycip. Since its installation in October 2023, this cutting-edge simulator has become a cornerstone of the university’s aerospace engineering curriculum, providing students with invaluable hands-on experience in aircraft design, flight dynamics, and performance evaluation. Enhancing Research and Academic Excellence The Merlin MP521 has significantly boosted student-led research initiatives, resulting in a notable increase in conference presentations, technical papers, and innovative design projects. These efforts have garnered recognition at prominent industry events, reinforcing Khalifa University’s status as a leader in aerospace education. The simulator’s advanced features have also supported student participation in prestigious competitions such as the AIAA Design, Build and Fly challenge, and have been prominently featured during university open days, showcasing the institution’s commitment to practical learning. Advanced Simulation Technology Powered by Excalibur III software, the Merlin MP521 offers a real-time, non-linear simulation environment with six degrees of freedom. This sophisticated platform enables students to design and test a wide range of air vehicles, including gliders, rockets, fixed-wing aircraft, vertical take-off and landing (VTOL) vehicles, multirotor and rotary wing aircraft, as well as tilt-rotor configurations. The simulator’s seamless integration with Khalifa University’s Matlab/Simulink systems through the Merlin S-function driver interface facilitates real-time development and evaluation of control systems, effectively bridging theoretical concepts with practical application. Impact on Curriculum and Industry Preparedness Dr. Rafic M. Ajaj, Associate Professor of Aerospace Engineering, highlighted the simulator’s transformative impact on the university’s academic offerings. He noted that the Merlin MP521 provides an advanced platform for students to deepen their understanding of flight dynamics, stability, and control, enriching both undergraduate and postgraduate courses with interactive, experiential learning that surpasses traditional teaching methods. From the industry perspective, Amir Khosh, Commercial Solutions Manager at Antycip, expressed enthusiasm about the simulator’s role in preparing students for professional challenges. He emphasized that the Merlin MP521 equips students with practical skills by enabling them to apply theoretical knowledge in a dynamic environment, thereby narrowing the gap between classroom instruction and real-world aerospace engineering. Addressing Industry Challenges and Fostering Collaboration While the simulator equips students with essential skills, Khalifa University remains mindful of the broader complexities facing the aerospace sector, particularly the intricate supply chain issues highlighted by industry experts. These challenges underscore the importance of preparing graduates to navigate and innovate within a demanding industrial landscape. The university’s advancements have attracted growing interest from industry partners seeking collaboration on innovative, student-driven projects. This momentum has also prompted other academic institutions to explore the adoption of similar advanced simulation technologies to maintain competitiveness in aerospace education and research. Positioning Students at the Forefront of Aerospace Innovation Through the integration of the Merlin MP521 Flight Simulator, Khalifa University is enhancing its curriculum and positioning its students to lead future advancements in aerospace engineering. By fostering immersive, hands-on learning experiences, the university is equipping the next generation of engineers to address complex industry challenges and contribute to the evolution of aviation and aeronautical design.

Woodward Stock Gains on AI Data Center and Aerospace Prospects Growth Driven by AI and Aerospace Sectors Woodward, Inc. (WWD), a leader in energy conversion and control solutions, has experienced a significant surge in its stock price, rising 50% over the past three months. This growth outpaces both the S&P 500 and its aerospace industry peers, contributing to an extraordinary 1,600% increase over the last twenty years. The company’s recent momentum is largely attributed to strong demand from artificial intelligence (AI) data centers and a revitalized aerospace sector. The aerospace segment has benefited from a rebound in commercial aviation alongside increased defense spending. Concurrently, Woodward’s industrial division is capitalizing on the growing need for reliable power generation to support energy-intensive AI data centers. The company designs and manufactures critical systems that serve a broad range of applications, including aircraft, cargo ships, and renewable energy installations. Headquartered in Fort Collins, Colorado, Woodward supplies fuel systems, actuators, and control solutions to major industry players such as Boeing and Airbus. A notable collaboration with Boeing and NASA aims to develop a next-generation aircraft designed to significantly reduce fuel consumption, aligning with the aviation industry’s goal of achieving net-zero emissions by 2050. In the industrial sector, Woodward’s control systems play a vital role in power generation across diverse platforms including hydroelectric, nuclear, waste-to-energy, and geothermal facilities. Its reciprocating engine segment is gaining prominence as large internal combustion engines are increasingly deployed for base-load and backup power at AI data centers and microgrids. Financial Performance and Market Challenges Woodward has demonstrated robust financial performance, with revenue growing at an average annual rate of 14% over the past three years. Adjusted earnings per share increased by 45% in fiscal 2024 and 52% in 2023. Although the outlook for fiscal 2025 is more cautious due to challenging year-over-year comparisons, analysts forecast revenue growth of 4% in FY25 and 8% in FY26. Adjusted earnings are expected to rise by 3% and 17% in the respective years. These positive earnings revisions have contributed to Woodward’s Zacks Rank #2 (Buy) status ahead of its Q3 fiscal 2025 earnings report scheduled for July 28. Despite its strong market position, Woodward faces considerable competition from established aerospace giants, including Boeing, which has also benefited from stock gains linked to high-profile projects such as NASA’s Artemis program. While enthusiasm for AI-driven infrastructure and aerospace innovation remains high, concerns about a potential economic slowdown or recession pose risks to capital spending and growth prospects. The evolving landscape of AI investment is prompting competitors to adjust their strategies to capture opportunities in data center power and aerospace efficiency. This intensifying competition will require Woodward to maintain its technological leadership to sustain its market advantage. Strategic Outlook Woodward’s focus on AI data center infrastructure and aerospace innovation positions the company favorably for continued expansion. However, it must carefully navigate a competitive environment and broader economic uncertainties to maintain its strong performance. Investors will be closely monitoring Woodward’s upcoming earnings report and the company’s ability to adapt amid rapid technological advancements in its core markets.

Joby Aviation to Double Production at Air Taxi Manufacturing Facility Joby Aviation has announced plans to double production capacity at its air taxi manufacturing facilities, signaling a major advancement as the company accelerates its timeline to launch commercial air taxi services by 2026. The electric vertical takeoff and landing (eVTOL) pioneer revealed on Tuesday that it has commenced production at its newly renovated components facility in Dayton, Ohio, while also expanding capacity at its primary manufacturing hub in Marina, California. Expanding Manufacturing Footprint Eric Allison, Joby’s chief product officer, emphasized the importance of speed, scale, and precision in reimagining urban mobility. He stated that the company’s expanded manufacturing footprint in both California and Ohio is a critical step toward achieving these goals. The announcement was met with a positive response from the market, with Joby’s shares rising more than 7% on the day, extending a 16% gain for the year. This surge reflects growing investor confidence in Joby’s ability to scale operations and capitalize on the burgeoning urban air mobility sector. Challenges and Competitive Landscape Despite the optimistic outlook, Joby faces significant challenges as it seeks to ramp up production. Scaling manufacturing operations to meet ambitious targets will require meticulous management of supply chain logistics and strict compliance with regulatory standards. The company is currently navigating the Federal Aviation Administration’s approval process for its eVTOL vehicles, a crucial milestone before commercial flights can commence. Joby’s expansion occurs amid intensifying competition within the eVTOL market. Competitors such as Archer Aviation and Eve Air Mobility are also striving to introduce air taxis to congested urban centers, aiming to ease traffic congestion. Industry analysts suggest that Joby’s move to increase production capacity may prompt rivals to accelerate their own manufacturing timelines or pursue strategic partnerships to maintain competitiveness. As the race to commercialize air taxis intensifies, Joby’s ability to scale manufacturing while overcoming regulatory and logistical hurdles will be closely monitored by investors and industry stakeholders alike. The company’s enhanced facilities in California and Ohio position it to play a pivotal role in shaping the future of urban transportation, contingent on its success in delivering on these ambitious plans.

Military Aircraft Maintenance Market Projected to Reach $145 Billion by 2034 The global military aircraft maintenance, repair, and overhaul (MRO) market is anticipated to reach a valuation of $145 billion by 2034, expanding at a compound annual growth rate (CAGR) of 1.3% between 2024 and 2034, according to a recent report by Stratview Research. This comprehensive analysis offers an in-depth perspective on the evolving market trends, forecasts, and competitive dynamics that will shape the sector over the coming decade. Market Dynamics and Regional Developments The military aircraft MRO market is categorized by aircraft type, MRO service type, and geographic region. A significant driver of growth is the increasing global defense expenditure, which is facilitating the acquisition of advanced fighter aircraft. This surge in procurement is intensifying the demand for specialized MRO services aimed at maintaining operational readiness and extending the service life of military fleets. As these aircraft age, maintenance and overhaul activities become essential to preserve functionality and mission capability. Engine maintenance services hold particular importance within the sector, given that military aircraft engines operate under extreme conditions and require rigorous, high-quality upkeep to ensure safety, reliability, and adherence to strict regulatory standards. The complexity of modern fighter jets, equipped with sophisticated avionics and weapon systems, further necessitates a highly skilled workforce and advanced maintenance infrastructure. Regionally, the Asia Pacific market is poised for the most substantial growth, driven by escalating defense budgets and increased acquisition of cutting-edge military aircraft. This expansion is expected to significantly elevate the demand for MRO services, ensuring that both new and existing fleets maintain peak operational performance. Challenges and Industry Adaptations Despite the optimistic growth trajectory, the military aircraft MRO sector faces several notable challenges. The high costs associated with maintaining advanced military technology remain a significant barrier, particularly as aircraft systems grow increasingly sophisticated. Additionally, the industry is grappling with a shortage of specialized personnel capable of servicing complex systems, exacerbating the skills gap. Geopolitical uncertainties also contribute to fluctuations in defense budgets, complicating long-term planning and investment in MRO capabilities. In response to these challenges, industry participants are investing heavily in technological innovation and automation to improve efficiency and reduce operational expenses. The adoption of smart maintenance solutions and health monitoring technologies is gaining momentum, enabling predictive maintenance strategies that minimize aircraft downtime. Furthermore, the competitive landscape is witnessing consolidation through mergers and acquisitions, as companies aim to broaden their service offerings and strengthen market positions. Advancements in aviation safety standards and regulatory compliance are expected to further propel market growth. As military forces continue to prioritize readiness and operational effectiveness, the demand for efficient, reliable, and technologically advanced MRO solutions is set to increase steadily. For stakeholders seeking a detailed segment analysis and further insights, the full Stratview Research report provides an extensive resource to navigate this dynamic market environment.

King’s College London Leads Hydrogen Engine Development for Jet Zero Initiative King’s College London has partnered with the University of Oxford, Imperial College London, and Loughborough University to develop hydrogen-powered jet engines under a £9.5 million project funded by the Engineering and Physical Sciences Research Council (EPSRC). This collaborative research effort targets the aviation sector’s substantial environmental impact, as commercial aviation currently contributes approximately 2.5% of global carbon dioxide emissions. The United Kingdom ranks among the top five countries in passenger-related emissions, underscoring the urgency of sustainable innovation in this field. Advancing the UK’s Jet Zero Ambition The project aligns with the UK government’s ambitious Jet Zero strategy, which aims to achieve net-zero aviation emissions by 2050. Central to this vision is the development of gas turbines fueled by cryogenic liquid hydrogen. Unlike conventional aviation kerosene, hydrogen combustion produces only water vapor, offering the potential for zero-carbon mid-range commercial flights. Success in this endeavour could mark a transformative step toward decarbonising air travel and meeting stringent climate targets. Technical and Regulatory Challenges Despite its promise, hydrogen propulsion presents significant technical challenges. Efficient storage requires maintaining hydrogen at extremely low temperatures and high pressures, while the rapid temperature fluctuations during engine operation complicate fuel management. Hydrogen’s low density and propensity for rapid diffusion can cause material embrittlement, increasing the risk of structural cracks and raising critical safety concerns, particularly regarding the possibility of mid-flight engine failure. Beyond engineering obstacles, the project must contend with high research and development costs and the complexities of regulatory approval. The aviation industry remains cautious, with some stakeholders expressing skepticism about the risks and uncertainties inherent in adopting hydrogen technology. Navigating these concerns will be essential to the successful integration of hydrogen propulsion into commercial aviation. A Competitive and Collaborative Industry Landscape The pursuit of hydrogen-powered flight is gaining momentum across the aerospace sector. Major companies and startups alike are investing in similar technologies. Airbus, for instance, is collaborating with MTU Aero Engines to explore hydrogen fuel cell propulsion, while the UK government continues to support hydrogen research initiatives. Partnerships such as ZeroAvia’s collaboration with Loganair and GKN’s involvement in ICEFlight’s hydrogen power project exemplify the broader industry shift toward sustainable aviation solutions. As King’s College London and its partners progress with this EPSRC-supported project, they confront not only the scientific and engineering complexities of hydrogen propulsion but also a rapidly evolving market and regulatory environment. Their work will be pivotal in determining whether hydrogen can fulfill its potential as a sustainable, zero-carbon fuel source and contribute meaningfully to the UK’s Jet Zero objectives.