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Hermes and ASA sign MoU

September 22nd, 2023|


Sustainability of the Aviation Industry

In November 2021, ICAO released the first edition of its publication, Innovation Driving Sustainable Aviation. The publication highlighted work on the development of aircraft technologies, the improvement of aviation operations and infrastructure, and the development of environmentally friendly fuels. The goal of ICAO and the ICAO Global Coalition on Sustainable Aviation is to ensure a sustainable future for the industry. As a result, the thrust of most of the publication is on “the feasibility of a long term global aspirational goal for international aviation (LTAG).” However, as John Maynard Keynes, the eminent British economist, is reputed to have stated, “In the long run, we are all dead.” The thrust of this statement implies that if we cannot move quickly to solve short term issues, the long run no longer matters.

With Keynes’ thoughts in mind, Hermes wishes to propose how best to ensure the development of “quick fixes”. What can the aviation industry do over the next five years to ensure a sustainable long run future? Developing short term solutions for the aviation industry is a heavy lift, given its fixed infrastructure, attention to safety, and the long time to market for aviation technology. However, quick fixes will certainly be needed given aviation’s “bad press” and the movement to stifle the industry after the impact of COVID-19.


2023 IATA AGM, Hermes Reception – 4 June 2023, Istanbul, Türkiye

June 4th, 2023|





1928 September 28: First flight of Consolidated Commodore
1968 September 28: Under provisions of a rule effective this date, FAA requires an approved altitude alerting system to be installed on all U.S. civil turbojet aircraft by 29 February 1972
1988 September 28: First flight of IL-96-300
2005 September 28: U.S. Federal Aviation Administration issues the first airworthiness certificate for a commercial unmanned aerial vehicle (UAV), the General Atomics Altair
2006 September 28: Suvarnabhumi Airport officially opens to replace Don Muang airport
2008 September 28: First Airbus final assembly line outside Europe inaugurated in Tianjin, China
2010 September 28 to October 8: In the 37th ICAO Assembly, ICAO, the U.S. Department of Transportation, the European Union and the International Air Transport Association formally agree to create a Global Safety Information Exchange (GSIE). In addition, ICAO Member States agree to historic agreement on aviation and climate change
2011 September 28: Athens International Airport’s Photovoltaic Park, the largest unified PV installation at an airport worldwide, officially launches operation