Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Flughafen Zürich AG    FHZN   CH0319416936

FLUGHAFEN ZÜRICH AG

(FHZN)
  Report
Delayed Quote. Delayed Swiss Exchange - 04/03 11:30:43 am
103.8 CHF   -1.89%
03/10ZURICH AIRPORT : Financial Year 2019
PU
03/05FLUGHAFEN ZÜRICH AG : annual earnings release
02/12FLUGHAFEN ZÜRICH : Key traffic figures Zurich Airport January 2020
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Swiss première: aircraft refuelled with sustainable aviation fuel at Zurich Airport for the first time

share with twitter share with LinkedIn share with facebook
share via e-mail
01/20/2020 | 10:39am EDT

Today, a business aircraft was refuelled with a blend of sustainable and conventional fuel at Zurich Airport for the first time. Thanks to the close collaboration between Jet Aviation, Zurich Airport and Finnish renewable jet fuel producer Neste 'Sustainable Aviation Fuel' (SAF) will be made available for fuelling business jets departing from Zurich Airport during this year's annual meeting of World Economic Forum (WEF).

Today at Zurich Airport marked the first time that a business jet was refuelled with a blend of conventional jet fuel and sustainable aviation fuel. This joint project between Jet Aviation, Zurich Airport and Finnish renewable jet fuel producer Neste is the first of its kind in Switzerland. Neste MY Renewable Jet Fuel reduces greenhouse gas emission up to 80% compared to jet fuel from fossil sources. This cooperation offers Jet Aviation the opportunity to deliver SAF blend to business flights operating in Zurich during this year's annual meeting of World Economic Forum (WEF) in Davos.

Path to climate-friendly air travel
Sustainable Aviation Fuels (SAF) are a promising approach to more climate-friendly air travel. They offer the potential for flights to be taken without emitting additional CO2 into the atmosphere. The basic principle is simple: by using renewable feedstock that has already bound CO2, the SAF produced in this way is nearly CO2-neutral.

Currently, SAF has to be imported into Switzerland from abroad. The SAF première at Zurich Airport shows that, with a high level of commitment from the partners involved and in close collaboration with the Swiss authorities and the underground fuelling provider, it is fundamentally possible to establish a functioning supply chain. At the same time, Emanuel Fleuti, Head of Environmental Protection at Flughafen Zürich AG, points out: 'From logistics to import and distribution on site, significant hurdles have to be overcome before a jet can be fuelled with SAF at a Swiss airport. I'm all the more delighted that, together with our partners at Zurich Airport and the Swiss authorities, we have managed to prove that this is possible.' Joao Martins, senior director and GM of Jet Aviation's FBO Operations in Zurich also emphasises: 'We began preparing for the prestigious WEF event months ago and have been working very closely with the Zurich Airport managerial team and Swiss Authorities to ensure we could gain all the necessary approvals to import sustainable aviation fuel in time for WEF. I would like to take this opportunity to extend sincere thanks to Zurich Airport for their unwavering support in bringing SAF to Zurich. It has also been our distinct pleasure to work with Neste, whose commitment to developing renewable energy solutions makes sustainable aviation possible.'

Investments in availability and marketability required
All of the SAF available - including the blend used in Zurich - is certified and equivalent to conventional jet fuel in terms of technical properties. Aside from availability, widespread use of SAF is also made more difficult due to the fact that SAF is still around three to four times more expensive than conventional jet fuel. Further investments and research are necessary to make alternative fuels cheaper and a viable, marketable option in aviation. The initial use of SAF at Zurich Airport should therefore be viewed as an impetus for policy-makers to create a framework which would improve the availability and marketability of SAF. For example, if the proceeds from a potential national flight ticket levy currently discussed in the National Parliament of Switzerland were to be used specifically to promote SAF, they could help to effectively reduce CO2 emissions in aviation right at the source.

Disclaimer

Flughafen Zürich AG published this content on 20 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2020 15:38:02 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on FLUGHAFEN ZÜRICH AG
03/10ZURICH AIRPORT : Financial Year 2019
PU
03/05FLUGHAFEN ZÜRICH AG : annual earnings release
02/12FLUGHAFEN ZÜRICH : Key traffic figures Zurich Airport January 2020
PU
01/20SWISS PREMIÈRE : aircraft refuelled with sustainable aviation fuel at Zurich Air..
PU
01/15FLUGHAFEN ZÜRICH : Zurich airport operator open to investors for projects overse..
RE
2019FLUGHAFEN ZÜRICH : Key traffic figures Zurich Airport November 2019
PU
2019FLUGHAFEN ZÜRICH : Zürich AG wins Concession for Airport in India
PU
2019FLUGHAFEN ZÜRICH : New winter timetable from 27 October 2019
PU
2019FLUGHAFEN ZÜRICH : Renewal of the baggage sorting system at Zurich Airport
PU
2019FLUGHAFEN ZÜRICH : Key traffic figures Zurich Airport September 2019
PU
More news
Financials (CHF)
Sales 2020 986 M
EBIT 2020 266 M
Net income 2020 137 M
Debt 2020 1 266 M
Yield 2020 3,92%
P/E ratio 2020 23,2x
P/E ratio 2021 15,3x
EV / Sales2020 4,58x
EV / Sales2021 4,10x
Capitalization 3 248 M
Chart FLUGHAFEN ZÜRICH AG
Duration : Period :
Flughafen Zürich AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FLUGHAFEN ZÜRICH AG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 144,92  CHF
Last Close Price 105,80  CHF
Spread / Highest target 93,8%
Spread / Average Target 37,0%
Spread / Lowest Target -14,9%
EPS Revisions
Managers
NameTitle
Stephan Widrig Chief Executive Officer
Andreas G. Schmid Chairman
Stefan Tschudin Chief Operating Officer
Lukas Brosi Chief Financial Officer
Konrad Zöschg Head-Information & Communication Technology
Sector and Competitors