Sky Industry News

IATA plans to host quarterly procurement events throughout 2025 in collaboration with partners such as Guyana and Mercuria.

Barbaros Kubatoğlu, Chief Financial Officer of Pegasus Airlines, expressed satisfaction with the process: “IATA’s procurement event provided an optimal transparent and auditable process for Pegasus to purchase credits to fulfill our obligations under CORSIA.”

Marie Owens Thomsen, IATA’s Senior Vice President Sustainability and Chief Economist highlighted the significance of this initiative: “The success of the first procurement event demonstrated the airline industry’s commitment to both the offsetting and reduction aspects of CORSIA.”

Bharrat Jagdeo, Vice President of Guyana emphasized the broader impact: “This event was successful because participating airlines showed they are willing to pay a fair price for countries protecting forests.”

James Cooper from Mercuria noted: “The procurement event sent an important signal that EEUs command a premium price.”

John Melby, CEO of Xpansiv remarked on their ongoing collaboration with IATA: “Since 2020 we have worked with IATA to develop a secure marketplace enabling airlines to transact high-quality carbon credits.”

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