July 19, 2012
AirAsia signs Fuel & Carbon Solutions agreement with GE
AirAsia has signed a Fuel and Carbon Solutions agreement with GE Aviation. As part of this agreement, GE will use proprietary decision software and fuel-consulting expertise to help AirAsia identify and track operational improvements that could reduce the airline’s fuel usage emission. Fuel typically accounts for about 30% of an airline’s expenses. The volatility in fuel prices has prompted airlines to look for ways to managen this major portion of their cost base more effectively. Fuel & Carbon Solutions provides a way for GE to work with its customers and develop effective fuel management solutions. Part of GE’s ecomagination portfolio, Fuel & Carbon Solutions delivers results through a three-step process:
- Operational evaluation: Identify and collect data on the airline’s current fuel and carbon reduction programs, and quantify where the customer is today.
- Customized solution design: Further analyze data to isolate and prioritize potential improvements.
- Implementation support and verification: Work with customers to implement changes, and then measure and validate savings.